Episode notes
Today, I’m diving into a question so many of us wrestle with: Should I pay off my debt first or start investing for my future?
In this episode, I’ll walk you through the pros and cons of each approach. I’ll share practical tips to help you figure out what works best for you, because let’s face it: no two financial situations are the same.
Whether you’re dealing with student loans, credit card debt, or just trying to figure out if you can start investing with a little extra cash, this episode is for you.
Benefits of Paying Off Debt First (00:02:56)
Interest Costs Explained (00:03:58)
Credit Score and Debt Management (00:05:07)
Opportunity Cost in Debt vs. Investing (00:05:58)
Inflation's Effect on Debt (00: ...
Keywords
debt management, investing strategies, financial dilemma, personal finance, debt repayment, mental health and debt, credit score, interest rates, compounding returns, financial goals, debt levels in Canada, statistics on debt, Equifax, credit card de