Week 4 - Discussion 2 – Debt Reduction

Dec 15th, 2014
Business & Finance
Price: $5 USD

Question description

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. Respond to at
least two of your classmates' postings.

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School: Cornell University

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