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  • Profile photo of RezixRezix
    Member
    @rezix
    Join Date: 2004
    Post Count: 5
    March 1, 2004 - 12:57 pm
    Originally posted by redwing:

    Where would you get a return like that especially Guaranteed..No effort required ( essentially no risk, high reward, high growth )..The *ding-ding-ding* noise is not the Bus..

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Yeah I think I best take this offer up while I can, HECS up-front it is! Thanks again for everyone’s input though, property can wait till I have time and a good credit rating [:)]

    Profile photo of RezixRezix
    Member
    @rezix
    Join Date: 2004
    Post Count: 5
    February 29, 2004 - 3:45 pm

    I understand I theoretically could make more money from PI but I have very little time to do this (15-20 hours average per week in my casual job, 48 hours contact/study time for uni, social life with girlfriend, sleep etc doesn’t leave much time to find a juicy house to invest in ;)

    I was just thinking a one time GUARANTEED, NO EFFORT REQUIRED return of 33% + inflation may be more suitable until I complete my education, start working full time, and have weekends/nights free.

    Profile photo of RezixRezix
    Member
    @rezix
    Join Date: 2004
    Post Count: 5
    February 29, 2004 - 5:08 am

    Couldn’t they seek vendor finance in the form of a wrap or something? Maybe you could advise them to do that.

    Profile photo of RezixRezix
    Member
    @rezix
    Join Date: 2004
    Post Count: 5
    February 28, 2004 - 3:00 pm

    Haha thanks for the replies yack and mel, and sorry to bump a dead topic but I have a hard decision to make now.

    To pay HECS upfront or to continue saving, if I pay my HECS upfront, I receive a 25% discount, meaning every dollar I put towards it will save me 33c later. My accumulated HECS debt would also be indexed annually according to the CPI (Inflation).

    I’m really just wondering whether I could make 33c (on top of inflation) to the dollar investing my money elsewhere before my HECS has to be repayed out of my income, or whether it would be in my best long term interest to pay it now. My savings account has grown from $1300 – $1700 since my last post but my first semester HECS is $1860~ due 31st of march (if I pay upfront – if I defer it becomes $2480 and starts inflating).

    Whatchy’all think? Thanks in advance again for any input!

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