Personal Finance
My thought process to clearing a $30,000 loan
By Investment Moats  •  March 8, 2015
A reader (27 year old network engineer) wrote in to me asking me if I can advice him regarding some wealth building queries but also surrounding some advice on steps to take to help out a family debt situation. The topic is challenging in a few ways. I felt that asking me is probably not the right person to ask since I didn’t have first hand experience in clearing an astronomical large loan amount ( I have a feeling the actual family loan is larger than the title figure). In my life I had 2 loans, a $15,000 student loan from my parents and taking over what was a $50,000 housing mortgage which I paid in cash. I guess a sum that will put me down could possibly be $100,000 when I started working at age 24, but guess that didn’t happen. I doubt its my practice to give step ......
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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