Investing vs paying off debt
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wallis
Apprentice
Joined: 04 May 2004
Posts: 5
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 Posted: 10/03/07 - 09:22 Post subject: |
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| Hi everyone. I have the situation: I took money from bank last year and i need to pay off some debt. In meanwhile I got some extra bonus from my company. I was wondering which way is better investing or paying off debt. I would like to hear your opinions. I think it can be very helpful. Thanks in advance. |
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bertie
Apprentice
Joined: 16 May 2004
Posts: 4
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| Posted: 11/09/07 - 00:21 Post subject: |
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| There is a lot of possibilities to find about that problem. First you should get some information or consult with a professional. When you are investing you should see how big is after-tax. If the after-tax is bigger than your tax from debt, you should invest money and pay of debt with after-tax money. In other case you should not invest and it is better way to pay of your debts . |
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