Summary:Taking on new debt to pay off old debt is a bad idea. It's like trying to climb out of a hole by digging yourself deeper into it. In fact, according to CNBC the average person will spend $9,624 on credit card interest alone during their lifetime. Let's look at some ways to help you get out of that debt.
The disparity in resource distribution has seen the world devise various methods to try and mitigate this and get something for the less fortunate. The rich, however, continue to enrich themselves and hence the slogan, ‘it takes money to make money.' The rich have come up with a trick to do this by creating credit facilities and lending out their surplus to the poor for a cost of course.
The President of the Highland Capital Management, Mr. James Dondero anticipates a better 2016 in the United States Stock Market. The August-October hiccup in 2015 shifted the positive attitudes on most investors to a mentality of a risky business this year. Despite the comeback from the short-lived lows, a cloud of uncertainties still covers the previously optimistic capitalists.
George Soros is a self-tailored billionaire who has been making a great impact in the stock market. George Soros started his career as an entrepreneur, where he met his lifetime opportunity after predicting the 2008 economic recession. Billionaire Soros has also been helping potential traders by predicting the turn-over of prices in the stock market.