WilliamTaft
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- Joined
- Jul 13, 2023
- Member Type
- Student or Learner
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- Chinese
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The conversation between a financial advisor and her customer:
Financial Advisor: ...Almost always, people with credit card debt should pay it off before investing their money in other ways. The interest, that’s the amount of money you pay your credit card company for the use of their money, is very high—often 10 or even 20 percent. You really can’t invest your money in stocks or bonds and expect to do better than just paying off your credit card.
Source: Open Forum 1 Chapter 6, Oxford University Press
What does the bolded sentence mean?
Financial Advisor: ...Almost always, people with credit card debt should pay it off before investing their money in other ways. The interest, that’s the amount of money you pay your credit card company for the use of their money, is very high—often 10 or even 20 percent. You really can’t invest your money in stocks or bonds and expect to do better than just paying off your credit card.
Source: Open Forum 1 Chapter 6, Oxford University Press
What does the bolded sentence mean?