ilmscore | Paying Down High-Interest Debt Predictions
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Paying Down High-Interest Debt

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Recent Predictions

Total: 2
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Pending: 2
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Prioritizing paying down high-interest debt (like credit cards with 15-30% APR) is essential because the interest paid far exceeds the typical 5-10% returns from investments, making it a losing financial strategy.
"the reason why is because your credit cards are charging you 15 18 21 25 sometimes 28% a year in int..."
Minority Mindset Minority Mindse...
Feb 25, 2024
Pending
MASTERCLASS: 10 Plac...
It is more financially beneficial to prioritize paying off high-interest debt (e.g., 16% credit card interest) over paying down a mortgage, as it provides a guaranteed return equivalent to the interest rate.
"it would be more beneficial for you to pay that off instead of just paying off your mortgage because..."
Minority Mindset Minority Mindse...
Jan 7, 2024
Pending
This LOOPHOLE Lets Y...