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?
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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?
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 ...
Purchase this Solution
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