Welcome to the final post about high-interest debt in our “Am I Ready to Invest?” series! Some quick links to the other two posts dealing with high-interest debt, in case you need to catch up: “Am I Ready to Invest?” Part 5: High-Interest Debt“Am I Ready to Invest?” Part 6: Eliminating High-Interest Debt The purpose… [Continue Reading]
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“Am I Ready to Invest?” Part 6: Eliminating High-Interest Debt
If you read the first post on high-interest debt, you know how bad high-interest debt truly is. It can wreak havoc on your overall financial picture not only by offsetting or overtaking your investment gains, but also by preventing your investments from growing as much they could have, had you not had to pay off… [Continue Reading]
“Am I Ready to Invest?” Part 5: High-Interest Debt
High-interest debt will crush you. A hyperbolic statement? Perhaps, but not by much. If you haven’t yet read through the four posts on emergency funds (1, 2, 3, 4) prior to getting to this post, you should, because everything I’m going to say here about high-interest debt assumes that you’ve built an emergency fund of… [Continue Reading]