Mark Cuban, billionaire owner of the Dallas Mavericks, has been writing about financial issues quite a bit lately on his popular Blog Maverick. I just finished a really good piece about debt, especially credit card debt. Some unconventional advice that makes great sense.
“If it takes selling every stock, bond and whatever you have to pay off your debts, do it. If it means borrowing against your 401k and paying back yourself instead of the credit card or finance company, do it. It is a far better return than you will ever make putting that money elsewhere.”
That sounds drastic, but read his reasoning, and then argue about it.
