Ep.165 Should You Pay Off Debt or Invest First?

Should You Pay Off Debt or Invest First? 💰📉 The golden rule: Compare your debt interest rate to potential investment returns. ✔️ If debt interest is >7% → Pay it off ASAP (it’s costing you more than investing would earn). ✔️ If debt interest is <7% → Invest while making minimum payments (your money can grow faster). 🎯 Example: Credit card at 18%? Kill that debt now.Mortgage at 3%? Investing likely makes more sense.💡 But don’t ignore emotions—some people just sleep better debt-free. Do w...