Episode 5: Grow Your Net Worth or Pay Down Your Debt
In today's episode Rennie answers the question: Should you focus on paying down credit card debt before you invest?
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Show Notes
In today's episode Rennie answers the question: Should you focus on paying down credit card debt before you invest?
In this episode Rennie explains how:
- Waiting two years to pay off a $6000 debt can cost $200,000 in lost investment earnings
- The emotional draw to pay off debt is real, but is wrong financially
- Paying off debt before investing is just a roller coaster ride with debt
- Your investment earnings can pay off your credit card balances
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