Earning interest will actually harm your finances. Investing in volatile assets such as gold, silver, and cryptocurrencies is much better because by the end of the year, you will be earning more if you avoid interest and rather invest money in real assets such as gold. The ratio of interest to inflation is very low. Many banks do not offer high interest rates and this is why earning interest is not a good idea.
How Much Interest Do You Pay For Your Home Loan
- Thread starter nomad
- Start date
You can avoid interest by avoiding financial instrument such as credit cards. Many people use debit cards instead that offer interest-free option to purchase products.
Over here we don't even have access to a credit card. Most people are not even aware there is anything like credit cards cause all they give us is a debit card.
- Thread starter
- #29
Yes, interested depends on individual bank. Where we have between 11 and 16. We can get between 5 and 30 years loan. And can get 100 percent funding
