Question by rex_chn: Living debt free or living with loans and investments, which is better?
Around 75% of my salary is spent on loan repayment, I have investment in shares, I am planning to sell shares and close all loans and live debt free but without much investment, is it a wise decision?
Best answer:
Answer by Earl D
Loans are tax deductable.
Investments are taxible.
Know better? Leave your own answer in the comments!
“living debt free”
Debt-Free = Independence
Image by TangoPango
I’m a slave to my creditors, even though my personal debt is
WAY below the national average.
When I consider how much of my pay goes to ‘payments’ and ‘bills’, I could croak.
"I owe, I owe, so off to work I go . . . . "
Oh my, what I could do if I were living debt-free.
No real cards were harmed in the shooting of this photo!
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