What's better Buy a biz or pay off student debt

professional profile

October 26, 2022

by a professional from Bishop's University in Moncton, NB, Canada

Hey grad! Should you buy a business or pay off your student debt?

Harry wants to know if it makes more sense to pay off his student debt or to buy a business.

Let’s see by doing a pro/con analysis in this week’s video… https://youtu.be/9WG_ssmq3LU



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Reply by a searcher
from Clark University in Roanoke, VA, USA
I think that depends on a bunch of other factors and is hard to simplify in one or the other but I would say if you have a chunk of money, in general, you are better off towards putting it towards a business if the cashflow of said business will allow you to pay off the student debt plus provide for you.
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Reply by a professional
from University of Akron in Charlotte, NC, USA
Absolutely not even a question.... Business. The 1st year ROI should be far greater than the debt plus the long term growth potential. The business should be the platform for your generational wealth machine. It wouldn't even be in my mind as a choice if it were me.
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