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    Reduce debt before investing

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    I need to help understanding the following questions:

    -Why should you reduce spending on credit before investing?

    -Why do financial advisors recommend to start an emergency fund in case of immediate need?

    © BrainMass Inc. brainmass.com October 10, 2019, 2:39 am ad1c9bdddf
    https://brainmass.com/economics/income-distribution/reduce-debt-before-investing-387182

    Solution Preview

    You need to reduce spending on credit before investing because your debts should be low as some investments are long-term and available cash may be limited. Thus, if an investment is not very liquid ...

    Solution Summary

    I need to help understanding the following questions:

    -Why should you reduce spending on credit before investing?

    -Why do financial advisors recommend to start an emergency fund in case of immediate need?

    $2.19