Posted in budgeting

Firstly pay off all your debt as fast as you can do it!

There is no convincing reasons to invest, when you still have a debt with a huge interests. Annuity debt payments most popular.

An annuity debt repayment profile involves “level debt service” – with interest reduces and principal increasing over the term of the debt. Remember, interest reduces… Some people disagree me by saying : think about inflation, why should i pay off my debt faster, o dollar today is more worth then tomorrow. This is true, inflation eating our money. But, faster you pay, smaller amount of money you flow off for interests.

Continue reading “Firstly pay off all your debt as fast as you can do it!”

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