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Wk 4-2 Please advise and provide examples for better understanding To reduce your credit card balances and other consumer credit before beginning an investment program.

Wk 4-2 Please advise and provide examples for better understanding

To reduce your credit card balances and other consumer credit before beginning an investment program. You also need to start an emergency fund in case of immediate need.

Why do financial advisers make such recommendations? Why should you reduce spending on credit before investing? Why shouldn't you carry large consumer debt and invest at the same time?

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