ilmscore | Prediction Details
"if you have any sort of high interest debt maybe you have credit card debt and if that credit card debt is costing you let's just say 18 a year well now let's think about this your credit card debt is costing you 18 a year when you go and invest your money you're trying to get a seven to ten percent a year which number is bigger... it makes more sense for you to take your investment money and work to pay down your high interest debt first because if you can stop paying a credit card debt one year early that is a guaranteed 18 return on your money"
By Minority Mindset | September 29, 2023 | Pending
From video
Do These 3 Things The Next Time You Get Paid (Thank Me Later) | Jaspreet Singh 00:17:11 - 00:18:06
Interpreted Prediction
Paying down high-interest debt (e.g., 18% credit card debt) provides a guaranteed return that is significantly higher than average investment returns, making it a priority before investing.

Prediction Details

Topic
Prioritizing Debt Paydown

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