The Hidden Reason We End Up With High-Interest Debt
Contrary to what most "financial experts" will tell you, when it comes to deciding whether to invest or pay off debt, it's not simply a matter of calculating the "financial" return on investment. Because to make the best decision, you must also take the emotional return on investment into consideration.
If you choose to invest your money, you will open yourself up to all the fear, worry, and anxiety that comes from the genuine possibility that some world event (9/11, financial market meltdown, etc.) might cause the value of your investments to plummet.
On the other hand, if you choose to pay down your debts you will experience the opposite -- less fear, less worry, less anxiety and more peace of mind.
So why isn't anyone trying to sell you on investing in your debt? Because ...
When you purchase a traditional investment, someone gets paid a commission for selling it to you.
Worse yet, if you go with a full-service broker, you get to pay recurring account management fees -- regardless of whether your investment makes or loses money. Now there's a major conflict of interest for you.
On the other side of the coin, when you pay down your bills you don't have to pay any commissions or account management fees, and the returns on your investment are guaranteed!