How you can use Tesla and other growth stocks to pay down your debt

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Purchasing shares in the right companies could help clear your books.

It may not be the most risk-averse strategy, but putting your money behind growth stocks — shares in companies that are growing at a rapid rate — can help generate bigger returns that can then be applied to your outstanding debts.has the potential to provide significant financial breathing room.This advertisement has not loaded yet, but your article continues below.

Then you can start chipping away at your personal debt-to-equity ratio by investing in growth stocks expected to generate returns that outpace your interest costs.Article contentRaysonho @ Open Grid Scheduler / Wikimedia Commons Shopify has benefited greatly from lockdowns that pushed consumers online. And it’s a trend that shouldn’t slow anytime soon.

 

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