How to build a six-figure net worth on a five-figure salary
Scott Hefty, Senior Wealth Manager and Founding Partner at Serae Wealth, explained to Yahoo Finance:
“[Having] debt is like swimming upstream, and the interest rate you’re paying is the speed of the current,” said Scott Hefty, CFP, senior wealth manager and founding partner at Serae Wealth. “It’s almost impossible to make progress when you’re swimming against a 20% or higher interest rate.”