Do Millionaires Pay off Debt or Invest? Do Millionaires Have Debt? Paying off Debt or Investing
Do Millionaires Pay off Debt or Invest? do millionaires have debt?
Do you want to know, "Do Millionaires Pay off Debt or Invest?"
One of the biggest myths out there is that average millionaires see "debt as a tool." Not true. If they want something they can't afford, they save and pay cash for it later. Millionaires avoid so much getting into debt. As such, millionaires do not pay off debt, instead, they invest. If they are in need of something, they save and invest until they have enough reserves to pay for it in cash. This helps them avoid interest rates on debts that would otherwise take away from their wealth. In short, millionaires know how money works, and as a result, they make money work for them.
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