Borrowing From 401K to Reduce Your Debt Good or Bad Mint Good Credit Tips Tutorial

Question comes from Max on Mint's Facebook page, and this is Max's question What's the formula to determine if it makes more sense to pay down credit card debt normally or to borrow from your 401k to pay off that credit card debt Max, here's my opinion on that issue. Your 401k is your nest egg. It's the war chest that you're going to build over the entire time that you're working so that someday you can retire and live off of it. Taking money out of a 401k to pay off credit card debt.

Should You Invest or Reduce Credit Card Debt Mint Good Credit Tips Tutorial

This question comes from Paul on Mint's Facebook page, and Paul's question is this Would you pay down debt before you invest Do the interest rates on your debt affect you decision Very good question, Paul. The interest rates on your debt absolutely matter, and I'll give you an example. If, for example, you have a credit card with a twentynine percent interest rate I would absolutely pay that debt off before you do any investing because you're not going to earn twentynine percent in the market. It's very unlikely. However, if you have, for example, a student loan or a home mortgage or an auto loan with a very very aggressive.

Key Peele Cute Puppies

WHEN SHE DOES TALK, LIKE, YOU'RE LISTENING. , OH, MY GOD. LAST TIME, I WAS LIKE, WHO ARE YOU YOU'RE BRILLIANT. I KNOW. gasps OH, MY GOD! gasps OH, MY GOD. both OH, MY GOD! AMY, LOOK AT THAT ONE! OH, MEGAN! HE IS SO CUTE. THAT IS THE CUTEST FING PUPPY I'VE EVER SEEN IN MY ENTIRE LIFE. OH, MY GOD, I'M JUST GONNA TAKE HIM, AND I JUST WANNA BITE HIS LITTLE EARS OFF. I JUST WANNA TAKE HIS LITTLE LEGS,.

AND I COULD SNACK ON 'EM LIKE CHICKEN DRUMETTES. YEAH, I JUST WANNA TAKE HIS FUZZY LITTLE PERFECT HEAD. I WANNA PUT IT IN MY MOUTH AND SQUEEZE DOWN ON IT HARD UNTIL I HAVE A PUPPY FACE DIAMOND IN MY MOUTH. MM, I FEEL LIKE I HAVE TO WRAP HIS FACE IN A TOWEL AND THEN BEAT IT WITH A TIRE IRON. I'M GOING TO BUY THAT DOG, I'M GOING DRIVE HIM TO THE VET, AND I'M GOING TO HAVE HIM PUT DOWN IMMEDIATELY. gasps OH, MY GOD.

YOU WHAT I'M GONNA HAVE TO DO WHAT I'M GONNA HAVE TO TAKE THAT SCRUFFY LITTLE NOSE. YES. AND JUST KICK IT. I JUST HAVE TO YES. I WOULD KICK IT UNTIL IT COMES UP ON MY SHOES LIKE LITTLE PUPPY SNOUT SLIPPERS. AND THEN I'M GONNA GO TO A PARTY AND EVERYONE'S LIKE, OH, MY GOD, WHERE'D YOU GET THOSE SLIPPERS I'LL BE LIKE, THESE ARE MY FACE SLIPPERS FROM MY ADORABLE, DUMB LITTLE PUPPY. THAT'S EXACTLY WHAT I WAS GOING TO SAY!.

ESP! OH, MY GOD, I JUST WANNA TAKE HIS HEAD. I WANNA PEEL THE SKIN OFF OF HIS SKULL. I KNOW WHERE YOU'RE GOING. I WANNA JUST START THROWING IT UP LIKE PIZZA DOUGH. UNTIL IT'S LONG, FLAT, AND ROUND. I WANNA TAKE IT TO A PICNIC AND TOSS IT AROUND LIKE A FRISBEE AT A PUPPYFACEFRISBEE PICNIC! LET'S GET HIM! YEAH! SO CUTE. SO CUTE. OH, MY GOD, IS IT ME, OR IS IT LIKE TOTALLY MOSQUITOY OUT HERE OH, MY GOD, REMEMBER THIS ONE.

There is NO Debt Crisis!

Yesterday he said you know we have a debt crisis blind well we don't have that debt crisis the what is the crisis i mean we had there's plenty more revenue for us to get out there we have we're pulling in revenue rates did fifteen percentage atp we haven't seen this in ages part of that's because of the recession in part of it is because the bush tax cuts so you could raise uh. revenue by gifts in the if dignity of the definition of a crisis that you have.

Some type of problem what is the problem with the deck right now given urgent problem with the dead you know we were urging problem when joblessness i mean it's like uh. it's like saying can you explain why we don't have a tsunami crisis well because there's an absence of an impending tsunami hitting us uh. people are still loaning us money pat rates that a actually profitable for us to borrow the money i'm talking about the us government there is simply no reason to believe that our debt is causing any type of.

Crisis there's no there are no implications to our debt at least shorter nearterm certainly none that are at the well i'm not that there's none that i mean do you know you want to talk about longterm debt increase taxes deal at all the bush tax cuts expire you reduce the deficit within died or no couple of decades and you starting year wait the debt but uh. what is the crisis and um. i think will uh. will hear from uh. some uh. amman and modern monetary theorist mccumber into a startling.

Stock Market Watch

IS ON I85. I85 LOOKING GREAT AS WELL. KIM CHINA STOCK MARKET REELING FROM MORE BIG LOSSES THIS WARNING. THE FREEFALL AS PROMPTED A MASSIVE SALE LOVE THE LAW THE GLOBE INCLUDING AT THE STOCK EXCHANGE WAS STOPPED UP AND DOWN FOR A NUMBER OF DAYS. NIKOLE KILLION WITH A LOOK AT HOW WALL STREET CAN REACT TODAY. EVERYONE SAYING NOT TO CAN IT. PANIC. AT LEAST FOR NOW, THE DOW POISED FOR A HIGHER OPENING BASED ON FUTURES. WE WILL SEE WHAT HAPPENS WHEN THE OPENING BELL RING.

IF IT DOES OPEN HIGHER, THAT WOULD BE GOOD NEWS, ESPECIALLY CONSIDER CHINA'S MARKET IS DOWN FOR FOURTH STRAIGHT DAY. WALL STREET HOPING TO RECOVER AFTER PUNCHING PLUNGING MORE THAN 1000 POINTS. THE WORST DOW DECLINE IN FOUR YEARS, PROMPTING FRESH CONCERNS OVER FOR A ONE 401K'S AND MORE. YOU HAVE THE CLASSIC BATTLE BETWEEN BULLS AND BEARS. OVER THE SHORTTERM ANYTHING CAN HAPPEN. THE MARKETS ARE TOTALLY UNPREDICTABLE OVER THE SHORT TERM. THE QUESTION NOW, WHAT WILL THE FED DO ABOUT INTEREST RATE SOME RX THING THE FED TO HIKE.

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