No. of Recommendations: 4
<<One day, that money that is being use to knock down debt will be used to fund your retirement, and you'll really be happy. >>



Not only that, but investments produce added net worth by compouding --- just the o[pposite of paying interest on debt.

I'm a retiree these days and scarcely a day goes buy without checks in the mail paying dividends or reinvesting income in more stock.

Frankly, my investments pay a dood deal more in interest and dividends than I care to spend.

People who LIKE TO SPEND should really save and invest heavily when they are young to be able to buy investments and give them time to grow.

A dollar of debt held over a lifetime takes many dollars to finance.

Each dollar of savings and investments produces many dollars of additional net worth that will be available to spend over a lifetime.


Seattle Pioneer
Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement