Without most people knowing it, having a thousand dollars of credit card debt means having to pay the average credit card interest of 24% per year.
Now, if you own $1,000, you will have to pay $240 of interest at the end of the year.
You may find yourself in a bind if you are heavily in debt. Then somewhere, you heard that you could make money from stock investing.
So you wonder, should you invest so that you can make enough money to repay all your debts?
Well we are here to tell you to stop!
You can only do so unless you go bankrupt. But the main thing is you should never invest when you are in debt.
In this episode of the #AskDrWealth series ...
...Psst, hey...are you here to learn how you can invest profitably?: Grab this free guide to Value Investing that covers everything from practical strategies to case studies now