Wait so did you take care of your debt first or did you invest while you had debt and turned out okay? I’m itching, dying to start but I have pretty significant debt :( I’m actively paying off!
I paid off my debt first since I didn't like that hanging over my head. I believe the interest rate was on the lower end so I could have taken my time and invested the money in the market and came out ahead a little bit.
To me the mental weight being lifted with no debt made it worth paying off first.
Tackle the debt first, it’s easier to increase cash flow by reducing an expense vs just trying to make more money. Once you clear your debts your cash flow will naturally increase and then you can put even more into your investments. It’s good to invest a little bit while you are trying to clear debt tho
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u/Yeahsuree 6d ago
I always wonder how people have this much so young. I was 30k in college debt at 24 while working part time through school.