Debt ties up your money. Part of your paycheck goes to so-and-so, another part goes there, and another part goes to paying the bills and buying food and trying to save up for something. By the time you are done giving a ton of people what you owe them, you have no money to invest.
If you're in debt, you don't really have any investment options because you should be paying off your debt. Not all of your money will be able to go towards paying off debt anyway because you have regular expenses to pay for as well. But, once you get your debt payed off, then you can take the money you were putting towards the debt and use that to make various investments.
If you're in debt you shouldn't be investing until you have an emergency fund in place and are debt free.
ReplyDeleteDebt ties up your money. Part of your paycheck goes to so-and-so, another part goes there, and another part goes to paying the bills and buying food and trying to save up for something. By the time you are done giving a ton of people what you owe them, you have no money to invest.
ReplyDeleteif you are in debt you dont have any money for investments because all your money goes to paying bills and staying alive
ReplyDeletetravis
If you're in debt, you don't really have any investment options because you should be paying off your debt. Not all of your money will be able to go towards paying off debt anyway because you have regular expenses to pay for as well. But, once you get your debt payed off, then you can take the money you were putting towards the debt and use that to make various investments.
ReplyDeleteGoing into debt really limits your investment options. You're using all your money for paying off the debts and don't have any to spare for investing.
ReplyDeleteAutumn
If you're in debt you shouldn't be investing at all until you have an emergency fund and are completely debt free.
ReplyDeleteNot really it might change the time that you will get something .
ReplyDeleteadam
It limits your options because you have little to no money to invest and because you are paying off your debt.
ReplyDeleteIt limits you because you then have no money to invest, you are paying interest instead of earning it. You should pay off all debt before investing.
ReplyDeleteBecause you should be using your money to pay off your debts, not investing.
ReplyDeleteeyezik
You may not have enough money to do that investment, you shouldn't be anyway…. you should instead be paying off your debt.
ReplyDeletewhen your in debt you dont have any money to spend on an investment because its all going to the debt or stuff to keep you alive.
ReplyDeleteDebt limits your investment options because debt needs and must be paid off first. Before any investment should be made you have to pay off the debt.
ReplyDelete