emergencyBreaking NewsTax Cuts and Deportations Pull Social Security Insolvency Forward to 2032ARK Invest Rotates Capital From Medical Hardware Into Genomic Data and Cloud InfrastructureOil Inflation Triggers Bond Sell-Off and Market SlideHousing inventory growth is nearing zero — and could turn negative as mortgage rates hover below 6.5%A $226 million stock purchase signals that Berkshire’s new leadership sees value where others see riskTax Cuts and Deportations Pull Social Security Insolvency Forward to 2032ARK Invest Rotates Capital From Medical Hardware Into Genomic Data and Cloud InfrastructureOil Inflation Triggers Bond Sell-Off and Market SlideHousing inventory growth is nearing zero — and could turn negative as mortgage rates hover below 6.5%A $226 million stock purchase signals that Berkshire’s new leadership sees value where others see risk

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Home/Briefs/personal finance

BriefApril 9, 2026 · 11:27 AM

The compounding cost of high-interest debt

Every dollar paid in high-interest charges is a dollar that will never compound. This occurs when interest rates on consumer debt climb into double digits, as no investment can reliably outpace the losses generated by these rates. Warren Buffett warns against purchasing items with high-interest debt because compounding works against the borrower as powerfully as it works for the investor. Buffett states that if a person is paying 18% or 20% interest, they are going to be broke.

Blake Whitmore

personal financedebt managementwealth building

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