Debt isn’t just painful because of the interest bill you pay. There’s also the long-term value of that money if you’d saved and invested it instead.
The Investor
Buy something on a credit card, pay off the minimum amount per month, and you’ll actually pay for it twice. Here’s the maths.
The only good debt is debt you take on for investment. Unless you run your own business, that begins and ends with an affordable mortgage to buy property. Get out of debt of any other kind, as soon as you can. Pay it off! Kill it dead! Borrowing to invest in shares is too risky. [...]
We’ve already considered the attractions of dividends and what makes a good individual high yield share. Part 3 now looks at how many different shares you need to get a squad of high yield shares fit for the long-term. (For those who like spoilers: Part 4 will offer an illustrative portfolio assembled using real share [...]