Robert is a financial planner who helps people create their personal finance goals. A friend whom he had previously helped to ge
t a student loan called him for advice. This friend now had a well-paying job. What would Robert suggest as the most important part of his friend’s personal finance goals?
PAYING OFF DEBTS is the right thing for Robert to suggest to his friend to do first. Debts has many disadvantages and has negative effects on one's finances. Unpaid debt is very dynamic and increase in amount all the time. Thus, efforts should always be made to clear off one's debts as soon as possible.
