Compound Interest

[mr.twin]

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it applies to both.

If ang interest rate sa imo utang kay 4% per month.
Imo utang modouble every 18 months or 1.5 years kung di ka mobayad.
If imo investment mo earn ug 12% per year. Mo double every 6 years.
Usually maspaspas mo tubo ang utang kaysa investments.
Avoid utang unless emergency. Kung mangutang nalang for trivial stuff, mag antos jud ka sa payments. Try to buy in cash.

Solution sa utang, try debt consolidation, eliminate money leaks, and if get a part time job or 2nd income para paspas mahurot ang utang. Daghan mapilian ani.

If nangita mo ug high return investments I can help with that.

sir how I want to invest? What are the requirements needed?

thanks

[istoryamember]

OT: by all means ayaw pangutang unless grabe na jud ka kihanglan. Labi na mangutang lang ka para palit ug luho.

OnT: good luck sa imong pag save TS. Para nako ok ra na magstart ka ug save sa bank while building your confidence.