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Below are the top ways they advise spending that extra cash.
Maluck said 4% would be a healthy rate at the moment.
Lets say youre carrying acredit card balancewith a high interest rate.
He noted it also effectively earns you a return equal to the interest rate on that debt.
Once youve reduced that high-interest debt, Heerlein said you now havemore disposable incomeavailable each month.
Its like giving yourself a raise but without any new work, he advised.
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