Management and Organizational Studies 2277A/B Lecture 4: Lecture 4
4 Apr 2020
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Invest in the stock markets: do not use credit to, buy a car, buy stuff you cant afford, take a vacation you cant afford, for bogus wants that you pretend are needs . Rule #2 of credit: with the exception of your home (possibly) and massive student debt, your first goal should be to get out of debt as quickly as possible. This puts a big squeeze on their budget & lifestyle. Maybe pay off everything else but student loans and then start investing. In my humble opinion, people that argue they must pay the highest interest rate debt first should have thought about that before using their visa card to go to bahamas when they didn"t have the cash! It allows them to see the light at the end of the tunnel and stick with it! Are credit cards a good thing: this is tough. There are some benefits but many potential drawbacks as well!
