Before You Begin Investing, Deal With Your Debts
Before you begin to save, analyze what it’s costing you to carry the debts you already have, and consider how rapidly you might discharge those. After all, high-interest credit cards can carry rates of 20% or more, and some student loans have interest rates over 10%. Those rates far eclipse the average annual earnings of 7% or so that the U.S. stock market has returned over time. If you’re carrying a lot of high-interest debt, […]