Property Profits For Investing or Debt?

Dave agrees with Beth - that they should use the money from the sell of their waterfront property to pay off their debts, not invest.

QUESTION: Beth and her husband have paid off $23,000 in credit card debt.  They own a two-acre waterfront property and can’t decide what to do with it.  Beth wants to sell it and pay off their last two debts, but her husband wants to sell the property and invest the money.  What should they do?

ANSWER:
Your husband is wrong in this case.  You should sell the rental property.  You should never invest when you have consumer debt.  If your cars were paid for would you borrow on them to invest?  Pay off the cars and then invest. 

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 !