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What is the most sensible course of action, given my financial condition and goals: paying off existing debts or allocating funds to investments that can generate higher returns?
Certainly, it is very important to pay off your debt, at the same time it's also important to invest. So it depends on the situation, if the loan hasn't been overdue and you that if you use the money to invest that'll you'll get the morning ney back then you can use the money to invest being sure thRead more
Certainly, it is very important to pay off your debt, at the same time it’s also important to invest. So it depends on the situation, if the loan hasn’t been overdue and you that if you use the money to invest that’ll you’ll get the morning ney back then you can use the money to invest being sure that you’ll get it back before the the date. But if in a case we’re you’re not sure of what you want to invest on please I’ll really advise you to go and settle your debts first to avoid embarrassment.
See lessIf you can pay off your debt first, of course your heart and mind will be calm and peaceful, but you will miss the opportunity to make a return as early as possible. So the discussion below will give you the right instructions: Check your financial condition, make sure you have calculated your basicRead more
If you can pay off your debt first, of course your heart and mind will be calm and peaceful, but you will miss the opportunity to make a return as early as possible. So the discussion below will give you the right instructions: Check your financial condition, make sure you have calculated your basic monthly expenses such as electricity costs, house rent, water, transportation, food, drink, internet, etc. If your income minus basic expenses only has a small remainder then you should pay your debts first. Investing should use idle money. Debts that are not paid on time will be subject to fines and interest.
See lessThe two are good ideas but you should look at the lender involve with the debt. They are some lenders that tolerate their debtors and give more time for a pay back if you are not getting pressurised by your creditors and you can get more time to pay back then you should go ahead with investing the mRead more
The two are good ideas but you should look at the lender involve with the debt. They are some lenders that tolerate their debtors and give more time for a pay back if you are not getting pressurised by your creditors and you can get more time to pay back then you should go ahead with investing the money but if it is a creditor that would pressure the heck out of you then it would be time to pay than investing the money.
See lessProbably many of you have at least one mortgage and one consumer loan and you have accumulated some financial reserves and thinking of putting the money to work. You may also think about the interest rates on the rise, a crisis can occur at any moment, and at the same time, you also see the profitsRead more
Probably many of you have at least one mortgage and one consumer loan and you have accumulated some financial reserves and thinking of putting the money to work. You may also think about the interest rates on the rise, a crisis can occur at any moment, and at the same time, you also see the profits that have been made and are being made from real estate investments, the stock market, and business.
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