Comments on: 5 Money Lessons You Should Make Sure You Learn While Still in College or University

By: Lindsay

Lindsay — Fri, 17 Apr 2009 05:31:06 +0000

To number 3 I’d add, build your relationship with a local bank. They’re more likely to care, and less likely to be involved in the stupid economic turmoil so many of the nation-wide banks have fallen into.

By: Hinduism resource

Hinduism resource — Wed, 15 Apr 2009 18:06:34 +0000

I think i agree wid tom, risk is inevitable in learning the rules, you’re gonna lose some..btr lose wen u can still recover, but educated risking.

By: tom

tom — Tue, 14 Apr 2009 19:34:44 +0000

Well I think in general, taking the risks the earlier you are the better because you can afford to.

Imagine starting to invest when you turn 30 and are about to buy a house, and boom the economy tanks on you and you lose half your holding that you were gonna use for the downpayment.

By: MoneyEnergy

MoneyEnergy — Tue, 14 Apr 2009 16:41:42 +0000

Hi Weakonomist, thanks for the comment. Of course I would not advise students not to repay their loans. Many students in fact “invest” their loans by putting them into high-interest savings accounts and even money market funds to wait it out before they need to draw on it. As with any income, the responsibility is on the earner to use it properly. Student loans are money that students are going to have to pay back – I assume the basic (moral) responsibility that everyone holds – but perhaps I shouldn’t assume of readers that they wouldn’t already know this. But I do think all this caution was already in the text anyway.

By: The Weakonomist

The Weakonomist — Tue, 14 Apr 2009 12:38:33 +0000

I think the responsible thing here would be to advise your readers to take extremem caution when it comes to investing student loans. I do t disagree with the statement but I don’t think it’s a vital money lesson you should learn in college with borrowed money.

Instead advise the reader to save the money or return it. Get a job and invest those earnings.