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When it is all said and done, I will be somewhere in the neighborhood of about $120,000 in student loan debt.

 

It is very bad, my friends. Young people start their lives with as many debts as if they had bought a house. And God knows when they'll be able to actually buy one.

I would buy as many foreclosed houses I could afford in california(where i live). I would then rent them out and get monthly income :gathering:, o wait thats what i do currently

I love how everyone says "ill invest it in the stock market" Have you ever heard of options? You can get into the stock market with 100 dollars and make tons with the right decisions.

There is no point in waiting till you have 75 grand to get into the stock market..

75 grand wouldn't mean a thing to me except a new car or a month vacation. Rule in life: if you had it once you can have it again

Start a fun small business. Banks are worthless, they lose money against inflation. Property is expensive and stocks are a serious gamble. And as for options... selling options on stock is a hedge against falling prices. Buying an option on stock is just throwing your money away (I.E. overwhelmingly risky).

Well, I think I would pay off all my family's debts (mortgages not included) because I hate how my Dad or my Auntie have so many loans and credit cards (there's just no teaching them).

Of course, I would pay for my univerity fees and get myself a Macbook Pro :P

 

Wait, this is in $....

 

That's only £37,291.17 - forget paying off the debts then! :(

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