Quote:
|
Originally Posted by Cimarron29414
Absolutely, undoubtedly, pay off the loan first. You can not build wealth if you have debt.
|
Not quite.
At $200 a week it sounds like you aren't finished with school. On break for the summer?
If this is the case I say spend the money - go on dates, road trips and the like. You are young and should be having fun during the summer not debating on how to invest your money.
P.S.: Yeah, I know I'm gonna get hell for this... for all of you who are going to reply to this post with "adult logic" of "Start investing now... blah, blah blah." - I know how all this works, I've taken my fair share of finance classes.
I think that youth should be enjoyed.