Ditch Credit Card Debt - 10 Rules for Building Wealth
February 19th, 2007 by digerati
All debt is not created equal, so rank yours by interest rate and pay off the bad stuff first. That usually means credit cards, which can carry interest rates as high as 30 percent. (Compare your card’s APR with others at Bankrate.com.) On the other end of the scale are student loans. Those rates are generally between 3 and 6 percent, so consider making the minimum payment and investing in your 401(k) instead. Hey, even Supreme Court Justice Clarence Thomas was still paying off his school loans when he joined the bench.
Originally from Fortune via CNN Money.
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Henry @ Binary Dollar Says
You should open up a secret full feed.
Feb 19th, 2007 at 8:50 am