It is not beneficial to invest as a debtor, read Expert opinion
No one ever calls the words of praise about debt. Nobody can be heard saying that debt is beneficial ...
It is a bizarre tactic, on the one hand, dealing with debt and investing on the other side. Surprisingly, this work has been a lot of people in today's date. Those who do not have any debt, they are often becoming debtors in the monthly installment, ie EMI shopping, through credit card. Such a move can not be considered as a deal of profit in any case. No investment can give more returns than interest on debt. So if you have extra money, then first you should pay the loan with that money. Thinking about investment is the link after that.
In the world of finance, most of the proverbs have been made on debt. Some are also very fun, like 'borrowing ghee', neither nine crores nor thirteen lenders. These were the indigenous sayings. Similar things are said in foreign countries too For example- "There are three types of people today: First, who has everything, second, who does not have anything else, and third, those who do not do anything without getting much. Similarly, there is a saying that the rich people rule over the poor and the debtor becomes the slave of the debtor. The novelist Shakespeare also said, "No one should be a debtor, nor a debtor, because friendship ends with the money drowning in it."
No one ever calls the words of praise about debt. Nobody can be heard saying that the loan is beneficial. The truth is that debt is the biggest single cause of financial crisis for a person. It is a crisis for businessmen, but it is a different story. The person who has nothing in the name of Savings ie Savings is also in a better position than a borrower. Debt is negative savings in itself. I think that this word can only be interpreted to the effect of debt on someone's financial health.
The most shocking thing about all of these is that a large number of people start investing even after having a loan. The number of such people is increasing. Among those who do so, the number of youth is also very good. On which there is no debt, he is now becoming a debtor in the name of the credit card's EMI. Does this make any sense? not at all. Experimental view, there is no such investment, which can give you as much money as you have to pay interest on any loan. So, in simple terms, in any normal situation except in the case of exception, you should not think of any investment till you have a loan. Firstly, get rid of the debt you have invested, then think about the investment. Nowadays, circumstances are such that even after retiring, many people make a purchase on monthly installment i.e. EMI. It can not be considered acceptable status in any recent situation.
The American newspaper Wall Street Journal published an article. Its title was 'What can be bought happily with money.' It was told that the more debt there is, the more stress the stress is. Because of this, domestic discord also increases significantly. There can be different opinions about the cause and the effect, but the simple thing is that if you have any extra money, then first you should pay the debt.
Definitely this depends on the rate of interest and the rate of interest to be filled. There is only one case where the loan can be taken. That is the housing loan Because when you calculate the actual interest paid on the loan by mixing the amount of tax breaks and rent, this loan definitely makes sense. You can not save the money in the form of a rental in the normal condition, in such a way, it becomes a deal of profit to repay the loan. No other loan than housing loan can be beneficial. In all other cases, before considering any investment, you should pay attention to the repayment of the loan.