Pay Off Your Credit Card Debt First

Before you really even start thinking about getting involved with stock trading you should really be clear of all outstanding credit card debt. Why? Because most of the time you will be paying somewhere in the range of 20% interest on your credit card debts and it just doesn’t make sense to try and put money towards creating wealth when you have debt with that kind of interest on it.

Investing is great and making money with your money is the way that people become truly wealthy. So I encourage you do that. But if you still have credit card debt to pay off, it’s just not the right time yet. Pay your credit card debt and then get back to me!