Cash Out Mutual Funds?

If the mutual funds are not in a retirement account, Suzanne should cash some out and pay off her debts.

QUESTION: Suzanne asks if she and her husband should cash out mutual funds to pay off their debt.

ANSWER: Look at it this way: if you have consumer or house debt, you’ve borrowed money in order to invest.  That doesn’t make any sense.  If the mutual funds are not in a retirement account, cash some out and pay off your debts.  Then get on a budget and stop over-spending.  You have to change your habits if you’re going to get on a wealth-building course.  When you have changed your habits and don’t have any payments, you’ll be able to invest and build wealth effectively.

Jump-Start Your Goals!

Jump-Start Your Goals!

Get our 8-Day JUMP START series and weekly newsletter that are packed with articles and tools to help you win with money.

Learn to Beat Debt

Take Control of Your Money!

The best way to get out of debt and take control of your money is to make a plan! Financial Peace University is that plan!

Find a Class

Thank You!

Your 8-Day Jump Start is on its way to !