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This will depend on debt and interest rates. If the interest rate is low, investing may be a better option. If the rate is high, it may be better to pay it off.

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10y ago

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How does one receive the option of investing?

You can receive the option of investing by saving money and paying all your bills on time so you have leftover income to use for investing. You can learn more about investing online at the Investopedia website.


Why go with fee only financial planning?

If you are going to be doing a lot of investing, fee only can definitely be better than commissions. Commissions look better because you aren't paying anything up front, but they take a percentage of everything. Retirement is a lot of investing and a lot of money, so that can equal a lot of commissions, versus a flat fee where you see exactly what you're paying up front.


What is Ponzi Economics?

Where you are not truly investing people's money, but paying them "dividends" off of money you are getting from a next wave of investors. Social Security is a good example.


Is investing in gold better done in a bear market or a bull market?

Gold investing is better done in a bear market. When there is a bull market you want your money in the stock market.


When people buy bonds they are actually doing which?

They are investing their money. They are lending it to the company (or country) in the hopes that they do better and the bond grows, making the investor money.


What is the money called that is left over after paying for the necessities?

The money left over after paying for necessities is commonly referred to as "disposable income." This is the amount available for saving, investing, or spending on non-essential items. It represents the financial flexibility individuals have after covering their essential expenses, such as housing, food, and transportation.


What happens when you finish paying off your house?

When you finish paying off your house, you become the full owner of the property and no longer owe any money to the lender. This means you have complete ownership and can live in the house without any mortgage payments.


Can I file criminal charges against my contractor for taking my money and not paying his subcontractor who then filed a lien on my house?

No


How do the commercial banks makes money?

By lending money and charging interest.A bit more:Banks also make money by investing the money of their depositors at a higher paying intesest rate than what they pay their depositors. For example, if they pay me 1% interest on the money I have in their bank, they then invest that money for more than the 1% they pay me.


How will investing money benefit me?

Investing money will help you by allowing you to put your money into a stock and then you'll make money as it rises. You should always invest when the market is low.


What are all the Options I have for Investing money?

One of the best options for investing money is to start a Roth IRA. This allows your after tax money to grow tax free.


What is the definition of investing?

To invest is to contribute money to make money.