I just posted this question in the book review section, but thought it would be more relevant here (sorry for the double post mods)...
I want to settle my bad consumer debt in order to improve my Net monthly cashflow. I'm also keen to invest in cashflow producing assets and get out of the ratrace ASAP.
(I've been playing the cashflow101 e-game everyday for the last month, and have just got started on 202)
I'm interested to hear your responses to this question... If you had £12k of bad consumer debt which costs £255 per month in payments and had £12k cash on hand, What would you do? Settle the debt to free up the money every month or invest that £12k into a cashflow producing asset?
I'm also concerned as the secret said not to focus on debt, instead just set up a payment plan and forget about it, which is what I have been doing untill now.
let me know thanks
I want to settle my bad consumer debt in order to improve my Net monthly cashflow. I'm also keen to invest in cashflow producing assets and get out of the ratrace ASAP.
(I've been playing the cashflow101 e-game everyday for the last month, and have just got started on 202)
I'm interested to hear your responses to this question... If you had £12k of bad consumer debt which costs £255 per month in payments and had £12k cash on hand, What would you do? Settle the debt to free up the money every month or invest that £12k into a cashflow producing asset?
I'm also concerned as the secret said not to focus on debt, instead just set up a payment plan and forget about it, which is what I have been doing untill now.
let me know thanks
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