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Originally Posted by toto
Thanks for the advice. I think i need 4-5 years to pay finish my loans. I was thinking about buying insurance or those endowment plans. It's good to buy those early right?
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You should buy insurance to have peace of mind. Pay off your loan as fast as possible. With interest of 5%, you should pay as soon as possible unless you can generate consistent returns of more than 5%, which in most likelihood you can't.
To pay off your loan faster, you can give tuition during weekends. What do you do during your free time?