Monday, September 23, 2019
Types of Debt
Generally speaking, having debt can make it very difficult for investors to make money. In some cases, investing while in debt is like trying to bail out a sinking ship with a coffee cup. In other words, if you have a debt on your line of credit at 7% interest, the money you are investing will have to make more than 7% to make it more profitable than simply paying down the debt.
There are investments that deliver such high returns, but you have to be able to find them, knowing you are under the burden of debt.
Knowledge is Power and Credit is King!
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