Quote Of The Week: Mark Cuban’s Best Investment Advice

Billionaire entrepreneur Mark Cuban, owner of the Dallas Mavericks basketball franchise, is known for not mincing words.

He recently shared some surprisingly down-to-earth investment advice in an interview with Kitco news, talking about the investment he hates the most (gold) and his secrets to getting rich (pay off debt before investing in real estate or stocks). Here’s his comments:

“The best investment you can make is paying off your credit cards, paying off whatever debt you have,” he says. “If you have a student loan with a 7% interest rate, if you pay off that loan, you’re making 7%, that’s your immediate return, which is a lot safer than picking a stock, or trying to pick real estate, or whatever it may be.”

About Mari Adam

Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

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