Personal Finance
#AskDrWealth I’m In Debt, Should I Still Invest My Money?
By Dr Wealth  •  August 18, 2018
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 ...
...
Read the full article
By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance