What is a registered investment advisor? A Registered Investment Advisor (RIA) is an advisor or firm engaged in the investment advisory business and registered either with the Securities and Exchange Commission (SEC) or state securities authorities. LSA is an Independent RIAREAD MORE >
It has been said, “The quickest way to make money is to stop doing things that lose money”. Debt has that uncanny way of making us lose money. It’s usually because high interest rates on credit cards and loans easily surpass any rates you could achieve in savings accounts.
Consider then your “beginners investment” to pay down debt. A few of the many benefits included are: First every payment against debt saves that interest charge. Second you will learn the practical lesson of spending less than what you earn. Third is that you will develop a discipline of regular savings that will eventually apply to real long term investment.