Sure, but buying a rolex while having outstanding loans from college seems rather irrational to me. The savings comes after paying off the debt, and it is certainly reasonable to "treat" yourself every now and then. But spending several thousand dollars on a credit card or on a piece of jewelery while there are still outstanding loans from your education is an indication of misaligned priorities, IMO.

Redonkulous!!! Find me a financial advisor to say pay off loans at 1.75% interest, and you'll find a business searching for customers. Debt is good to a limit; classically student loans are long term debt due to there relatively low interest rate. Rolex is a nice treat, buy used, so someone else takes the hit, but more importantly buy safely and make sure the watch is inspected by an authorized dealer to ensure it is authentic.

Find me a good source of 1.75% loans and I might agree. Many student loans come in at that level but not all of them and that isn't particularly clear. I'm not opposed to debt (I have plenty thanks to a mortgage) but if we're talking about best use of money buying something that is going to depreciate rather than paying off a debt or investing in something that will appreciate is a foolish move.

If you have $10,000 to spend today and your options are buying a watch that will be worth $10,000 in 10 years or paying off $10,000 in debt at 1.75%? Which is the better use of money?

Of course, but the poster was not asking for investing information, or whether he was being wise to that. So , I suspect we would be better off giving advice on his/her wants and desires, regardless of our own value system, and thus give the best advise for him to obtain his rolex and centurion card, as those are his/her desires. I try to save my personal belief systems on others financial agendas, particularly, when is was not asked for.

thanks for all the posts guys, i appreciate all the concern about my spending, but honestly the chances of me qualifying for a cent card in the next couple years are basically 0, so no real need to worry there :) i may or may not get a rolex, ill be the first to admit its a stupid use of money, but eh, you only live once. if i did get oen it woudl be a cheap used one, not a $10k new Daytona or something huge liek that, if i had $10k i didnt "need" right now you bet id toss it at paying down my student loans. but i do view them as long term loans, i wish i got that 1.75% on mine, i got like 6% :P still better then my credit cards 22%+

as great as it would be to be totally debt free (including free of student loans) by time i graduate....it seems highly unlikely to happen.

And here I was thinking we were supposed to provide advice, not just validate someone's thoughts because they were posted on the Internet. :rolleyes:

OK "your right", I suspect that is the phrase you were hoping for :eek:

No, but suggesting that is is wrong to give advice when someone asks for it - even if that advice isn't validating the plans of the requester - is something I find strange.

Oh, and it is spelled "you're right" if you're going to type it. ;)

YAWN.