Ep 47 - Should I Take Out A Personal Loan To Invest?

<p>In this episode, we talk about if you should take out a personal loan to invest!</p> <p>Help support us by joining our Patreon! (<a href='https://www.patreon.com/BrokeMillennialFinance'>https://www.patreon.com/BrokeMillennialFinance</a>)</p> <p>Check out our website for more content: (<a href='https://brokemillennialfinance.net'>https://brokemillennialfinance.net</a>) </p> <p>Subscribe To Our YouTube Channel: (<a href='https://www.youtube.com/c/brokemillennialfinance'>https://www.youtube.com/c/brokemillennialfinance</a>)</p> <p>Here are the referral links for you to join to get your free stocks:</p> <p>Webull: (<a href='https://act.webull.com/i/QNmo8WB8Yzc2/74x/'>https://act.webull.com/i/QNmo8WB8Yzc2/ufl/</a>)</p> <p>Robinhood: (<a href='https://join.robinhood.com/naveras-a23246'>https://join.robinhood.com/naveras-a23246</a>)</p> <p>Coinbase: (<a href='http://coinbase.com/join/khan_st?src=ios-link'>http://coinbase.com/join/khan_st?src=ios-link)</a></p> <p> </p> <p>Want to reach out to us? Email us at contact@brokemillennialfinance.net</p> <p> </p> <p>Show Notes:</p> <ul><li style="font-weight:400;">What is a personal loan?</li> <li style="font-weight:400;">Should you get one to invest in the stock market?</li> <li style="font-weight:400;">Should you get one to invest in crypto?</li> <li style="font-weight:400;">Reasons to get the loan <ul><li style="font-weight:400;">Personal emergencies, really need the cash.</li> <li style="font-weight:400;">Paying off the debt with a higher interest rate.</li> <li style="font-weight:400;">Consolidating debt into one.</li> </ul> </li> <li style="font-weight:400;">Reasons to not get the loan <ul><li style="font-weight:400;">High APR (Average 9%)</li> <li style="font-weight:400;">Low turn around time for payment (not like credit cards) </li> </ul> </li> </ul>