2971: Should I Pay Off Debt or Invest by Chris Reining on How to Start Investing for Retirement Early

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Business, Education, Investing, Self-improvement

4.5 • 1.3K Ratings

🗓️ 15 December 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2971: Chris Reining emphasizes the importance of starting retirement investments early, even in small amounts, to capitalize on decades of growth. He explains the trade-offs between paying off low-interest debt and investing, highlighting the historical advantage of stock market returns while encouraging a balanced approach to savings, debt, and investments tailored to comfort levels. His advice underscores the value of consistent, intentional financial decisions to build security and wealth. Read along with the original article(s) here: https://chrisreining.com/should-i-pay-off-debt-or-invest/ Quotes to ponder: "To be successful at investing you have to invest within your comfort zone because when you’re investing within your comfort zone you’re less likely to make bad decisions." "Think about how you’d feel not having debt, and if you’d feel better not having debt then pay it off." "Investing, saving, and paying off debt are all really great ways to deploy your hard-earned dollars and there really isn’t a wrong choice here." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:57.0	And yeah, that's the end of the script.
1:00.4	This is Optimal Finance Daily.
1:03.1	Should I pay off debt or invest?
1:05.7	By Chris Rining of chrisrining.com.
1:09.6	Today's question comes from Colleen.
1:12.1	She asks, quote, I am 22 and I recently started my first job out of college as a nurse.
1:18.9	The place I work at is a non-profit and they offer a 403B, not a 401k.
	...

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