Term
Expensive debt
Anything charging roughly 20% a year or more: credit cards, store cards, payday-style loans. Paying it off is a guaranteed return no investment matches.
In pesos: Paying off a $10,000 MXN card at 45% saves you $5,220 a year for certain — the interest plus its 16% IVA; no ETF promises that.
Where to go deeper
1/2 6 min Read 3 common mistakes when you start investing Saving and investing do different jobs. Here's the order that works, and the signal that tells you you're ready to start investing.More terms on the same topic
Educational content only: not financial, investment or tax advice. The numbers are examples to understand the idea, not a forecast or a recommendation.