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.

Tutor Answer

(Top Tutor) teamnosleep
School: Boston College

Studypool has helped 1,244,100 students

Review from student
" Thanks, good work "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1820 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors