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In What Order Should I Pay Off My Debts? A Rational Guide to the Debt Snowball, Debt Avalanche, and Other Considerations RPF0032

Radical Personal Finance

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Don't Borrow Money That's Deductable

Don't be dumb and ever borrow money that's not deductible. Listen to my show and i'll teach you all the ways to borrow money that is deduct but don't, don't ever. Poor people borrow on a credit card at a high interest rate, and its non deductible interst they borrow on a car and it's a high interest rates and it's non deductible interest. If you're in a marginal bracket of 25, 28, 30 something %, then the 30 % discount on your interest can be a substantial interest deduction.

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