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  • Profile photo of moneycrowmoneycrow
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    @moneycrow
    Join Date: 2006
    Post Count: 1

    Hey, i dont mean to hijack this thread but i find myself in a similar situation (in terms of age and getting a loan) and wish to ask a couple of my own questions. hope no one minds :D

    My situation:
    Im a 19 y.o uni student (2nd year architecture/construction management) living at home – and im interested in investing in property.

    i, like the thread starter have also read a bit (rich dad poor dad, etc) but have never had the balls to take the plunge and go out and invest.. or even shop around to.

    As other uni students may know, the work load can be demanding, making jobs (even part time) a struggle to keep up with, and also keeping up with the uni social life like getting smashed on the weekends or going out with friends takes funding.

    Im currently working for a building company and bring home around $300- a week, (after tax but before my spending..)
    and ive also saved a bit (10k praps?)

    could someone in my position comfortably keep up with repayments? Will a bank even approve someone with such a low weekly income? Will i have to sacrifice jager bombs on the weekends?

    Hope to hear from y'all soon.
    -Peace.

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