Question
You read in Chapter 13 that it is vital to reduce your credit card balances and other consumer credit before beginning an investment program. You
You read in Chapter 13 that it is vital 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?
On the surface, these questions may sound silly but there are sound reasons for asking them. Post your position in the discussion board in at least 200 words incorporating your rationale with supportive references.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started