Navigate money 59
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Person 1: I am transferring $5,000 to my account in an investment service for my long-term investing.
Person 2: But you had told me that there’s an outstanding amount of $10,000 as credit card debt.
Person 1: Yes, I will pay off that debt later in the coming months.
Person 2: No! pay off all your credit card debt before you start investing for the long-term. The interest rate is very high.