Kirk Greene: Before You Chase 10% Returns, Kill the 22% Debt That’s Killing You

Kirk Greene: Before You Chase 10% Returns, Kill the 22% Debt That’s Killing You

“Paying off your credit cards is better than any investment idea I’ve got,” Warren Buffett has said. That’s because the rate of interest is guaranteed, and so is the impact on your finances. Currently, marketwide credit card account balances are being charged about 22% average percentage rate (APR) — more than even Buffett’s amazing 19.9% 20-year return for shareholders of Berkshire Hathaway and the 10.9% return for the S&P 500. Yet the average …