I have a theory that If I stop paying my student loans and invest that $400 per month in cryptocurrency (whether its steem, bitcoin, litecoin, etc.) then I will have well over the amount of interest I will accrue in the, let's say 4 years that I stop paying my loans., to actually pay off my loans.
Listen, cryptocurrency is in it's infancy stage, we can all agree on that. Student Loans in the eyes of creditors is seen as good debt. Paying the minimum amount for the rest of your life won't significantly impact your credit score. But failing to pay it off completely will I understand that. At this point in time I don't have a bunch of debt outside of my student loans. I pay $400 per month in student loans and owe about $30k. I know a lot right! (I am also thinking about going back to school to get my MBA.
I did some math! (I'm an engineer, I love math!) I took into account the money I recently invest in cryptocurrency and the forecast that my investments will potentially grow in the next 4 to 5 years. My student loans will accrue interest if I don't pay. It already accrues interest when I do pay. So I have come up with the theory of not paying my student loans and investing that $400 in cryptocurrency.
It is definitely too late for the bitcoin train to see substantial returns at a lower investment cost, but there are other cryptocurrencies out there that can make a brother some nice coin. Pun intended! Enough coin to pay off my student loans and laugh at Sallie Mae!
Who is with me!? Who is bold enough to take this risk?
Who is smart enough to invest in the right currency?! Let's talk