Many financial planners suggest you not invest money until outstanding debt (excluding a mortgage) is paid off.

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Many financial planners suggest you not invest money until outstanding debt (excluding a mortgage) is paid off. Do you agree with this approach? Why or why not?

What other factors do you think need to be considered by households or individuals when making this decision?

What do you think would happen to our economy if all purchases would have to be made in cash?

Related Book For answer-question

Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1133161646

7th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Posted Date: May 29, 2021 01:18 PM

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Many financial planners suggest you not invest money until outstanding debt (excluding a mortgage) is paid off.

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Expert Answer:

Ans I do not agree with this approach as Investing money could give greater returns in time which wi... View the full answer

Using Financial Accounting Information The Alternative to Debits and Credits

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