Should I take a student loan to buy a motorcycle, and other stuff?

[Thegonagle]

A $3000 Toyota and a $300 Trek make a hell of a lot more sense to my mind than a $4000 motorcycle.

 

[FrustratedUser]

Originally posted by: fumbduck
I am running out of money, i really want to get a motorcycle just for to-school travelling(great gas mileage, awesome parking), and I need some new furniture and computer stuff.


You don't have to pay it off till after college, and my goal is to be a doctor, so it should be piece of cake, right?

HAHAHA. Your nic really suites you.

 

[xizor]

I just finished reading "The Richest Man in Babylon" by George Clason which was recommended to me by ATOT as a good money management book for a graduating college student. Its a fun book and very easy to read. Written in the 1920's, it still 100% applicable today. I was also told to read "The Millionaire Next Door" by Thomas Stanley which I'm going to hit later. Use your college loan for that, $15 of books will save you from a ton of debt.

 

[Orsorum]

Originally posted by: xizor
I just finished reading "The Richest Man in Babylon" by George Clason which was recommended to me by ATOT as a good money management book for a graduating college student. Its a fun book and very easy to read. Written in the 1920's, it still 100% applicable today. I was also told to read "The Millionaire Next Door" by Thomas Stanley which I'm going to hit later. Use your college loan for that, $15 of books will save you from a ton of debt.

Borrow them from your campus library. Invaluable books to read.

 

[malbojah]

Originally posted by: Thegonagle
A $3000 Toyota and a $300 Trek make a hell of a lot more sense to my mind than a $4000 motorcycle.

I'm offering my bike for $1500, I'm just in the wrong part of the country

 

[Hayabusa Rider]

Originally posted by: malbojah

Originally posted by: Thegonagle
A $3000 Toyota and a $300 Trek make a hell of a lot more sense to my mind than a $4000 motorcycle.

I'm offering my bike for $1500, I'm just in the wrong part of the country

Whoa!

Which bike?

 

[Rogue]

Originally posted by: fumbduck
My computer recently broke because of a storm, and my roommate had a party and his friends fvcked it up even more, so now im using my roommates computer.

So I am computerless without money, the motorcycle will be cheap and used, about 2000$, they get like 50miles to a gallon, compared to my current 20 to a gallon.


I hate being in debt, I have no yet made my decision, I am applying for jobs right now, i'd rather save up and pay for it, but EVERYONE i talk to says working AND going to college sucks.

Then the EVERYONE you talked to has a sh!tty work ethic, pure and simple. Yes, it's hard, what else would you expect? I'm planning on taking 18 hours this next semester and working full time and I'm working full-time now and taking 12 credit hours. My wife got her degree in 3 1/2 years and worked 8 hours a day, every day the entire time. It's not as hard as you'd think or anyone says. I'm sure that EVERYONE you talked to is trying to fit in all the college social activities of drinking, hanging out and all the other BS that goes with the immaturity of the first few years of college. Hell, if I can work full time, school full time and remodel my house and keep a marriage going, then you can work full time. Oh, and I'm in the Army Reserve.

Don't fall prey to "stuff now, pay later" or you'll regret it. My wife and I are just now getting our credit cards paid off from living that lifestyle for several years and it hasn't been easy. Save that money for next semester or put it in savings or something. Those two things you named you don't "need", you just "want" them and are trying to justify it.

 

[nrg99]

buy a bicycle... great workout... or rollerblades... great workout as well...
but if you are 100% sure you will get into med school and graduate... then go for it...

 

[fumbduck]

Originally posted by: fumbduck
my tuition is payed for by full scholarship.

I am just running out of money for housing, and doing ANYTHING. (food, bills, fixing broken computer, etc).

Well Twolf, i have quoted myself as saying "fixing broken computer" which you said I never mentioned.

I have mentioned both fixing it and buying a new one. I already RMAed the motherboard and am waiting for it to return. I know my harddrive is fvcked because it doesnt work in anycomputer anymore, the soundcard wasnt working, my power supply quit working, and my video card is working at about 1/3 of what it should be.

I have NOT made up my mind, chances are I WONT take the loan, I just wanted to see what people thought. I have applied for jobs, I would much rather do that route. I really see your point, and I really dont want to get into debt.
Also, you tell me how a 600$ a month apartment will be more expensive than a 1300$ month apartment? Both come with cable TV, free water, stove/frig/etc.
The only difference is one is on campus, one isn't.
There is NO party life at UH, if you want to party, you go to Rice or something, the frat life here is an excuse for a party.

Also, I considered getting a regular bike, but I live in Houston, right next to downtown. I would have to ride the bike across the highway(go down to an underpass), and through a harlem like neighborhood. This is IF i live off campus.

 

[CrazyDe1]

I took out student loans and didn't need them but I had my dad invest the money during my 4 years of school and came out with 11k on a 5.5k of loan money...