Investments do rise and do fall in value and we strongly advise that professional advice is taken before investing your money
Debt is evil, borrowed money entraps you and enslaves you to the system, once hooked, as anyone who has borrowed would agree, you are not free anymore.
Debt, I would break debt down into two components good debt and bad debt, now let me explain, using debt to finance an investment such as the purchase of your own home, which in time should save you rent and become an asset, that’s good use of debt, bad debt for example is going for a meal, putting it on your credit card and paying a high interest rate on an instant gratification, that once digested will be long forgotten but the debt will hang around your neck and maybe with you for years. So, the moral here is do not to borrow, 'unless its good debt', so when planning your future, seriously consider how discharging this yoke can improve your future.
Steven is a Fellow of the Personal Finance Society, whom is passionate about investing and getting the most from your money.
Steven Mufti & Associates Ltd is authorised and regulated by the Financial Conduct Authority.
Financial Services Register Number 607613.
Registered in England & Wales, Company number 8664240.
Registered Office address: 27 Armitage Court, Ascot, Berkshire, SL5 9TA.
Telephone: 01344 623811 Email: firstname.lastname@example.org
The guidance and or advice contained within this website is subject to the UK regulatory regime
and is therefore primarily targeted to customers in the UK.
The FCA does not regulate taxation advice. The value of your investments may fall as well as rise.
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