Hey guys,
I'm currently a medical student in the US and will graduate heavily in debt in order to chase my dreams. The prospect of being $300k+ in debt is extremely anxiety inducing to me and have seen how it cripples freshly graduated residents. Until recently I've seen this as nothing but an inevitability but after following cryptocurrencies for some months, I've seen the promising potential of this field. I placed a test investment of a few hundred dollars and have already doubled my initial amount in less than two weeks. I am considering taking out an extra 10k in loans to invest in crypto (relative to 300k it seems like a drop in the bucket). Do you guys think it is in the realm of possibility to have that investment eventually pay off my debt? Currently I am invested in NEM, Waves and Wings. Thank you so much for your help!
Dude, don't take a loan to invest in an extremely volatile asset that's currently at its all-time high. That's crazy. If you're really in med school, just focus on that. Doctors make more than enough to repay their loans. Hell, I had my college loan paid off pretty damn quick just making a pharmacist wage--and that's way less than a physician would make (depending on specialty, of course). $300K is a lot, but you'll pay it off soon enough. I would suggest keeping your exposure to crypto at a minimum. Even though I'm a huge fan of bitcoin, none of us know when the bubble is going to blow up. You could lose everything and then you'd be screwed.
Solid advice. Also, most hospitals will pay your student loans if you sign a contract to work with them for a specified period of time. I know it's this way with nurses as multiple people in my family have paid off their thousands of student loans in this manner. Maybe you can find something like this?
I know Lovelace & Presbyterian (both USA hospitals) offer this type of deal. For nurses, it was 3 years you had to work for them.