Not exact matches
Will generally
never suggest paying down debt, instead, some adviser would suggest
borrowing more money to invest
more so that he can get
more trailer fees.
I
never trade using
borrowed money and I'm not sure whether city institutions should be allowed to do so (or
more reasonably, to what extent this should be allowed).
Whilst it's
never a good idea for someone in serious debt to
borrow more money, it's still worth taking the time to understand what credit companies think about you as it can also affect how competitive your insurance products and mobile phone contracts are.
Looking at it another way, given the same investment vehicle and the same cost of
borrowing, the readvancing bit can
never make the difference between making
money and losing
money — it will just be
more of either.
By the same token, a person who regularly
borrows money and pays it back is somewhat safer to loan
money to than someone who's
never borrowed money before, simply because the latter is a
more unknown quantity.
Never let anyone convince you to
borrow more money than you know you can afford to repay.
When you find yourself in a position to
borrow,
never accept
more money than you actually need.
College has
never been
more expensive, and most families simply can not afford it without
borrowing money.
But let me say that you are
never too young to pay cash, although you might find you can
borrow money more cheaply than the immediate yield on the cash.