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Radical Personal Finance

Early Retirement FAQs: Should I Pay Off Debt First or Should I Invest? An Interview with Joe, AKA Arebelspy RPF0095

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 4 November 2014

⏱️ 129 minutes

🧾️ Download transcript

Summary

Today, we continue the Early Retirement FAQs series with Arebelspy, one of the lead moderators in the Mr. Money Mustache forums. We tackle the question of “Should I pay off debt first or invest first?” from every angle we can think of. This show is packed with ideas and perspectives, many of which I’ll bet […]

Transcript

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0:00.0

I've got some debt and I want to invest, which should I do first?

0:05.0

Should I pay off my debt first or should I invest first?

0:10.0

And how do I figure out the answer to that question? Welcome to the Radical Personal Finance Podcast. My name is Joshua Sheets.

0:32.6

Today is Tuesday, November 4, 2014.

0:36.4

This is episode 95 of the show, and today is an interview with Joe,

0:40.6

aka Rebel Spy, one of the lead moderators in the Money Mustache forums.

0:45.0

We're going to continue our early retirement FAQ series and talk about whether I should

0:50.1

invest first or pay off debt first.

0:52.1

It's a pretty good conversation.

0:55.0

Joe and I are excited to bring you this show today.

1:03.0

We've recorded this previously, so you'll hear the recording.

1:06.0

And this is one of the most common questions that practically just about anybody has.

1:12.0

And especially it's common in the you know in the space

1:15.7

where people are paying attention to their money and they're focusing on their

1:18.6

money and they're trying to figure out what should I be doing? What should I be doing

1:22.0

first?

1:22.8

And this is a big question.

1:25.9

And unlike what maybe you might believe,

1:31.3

it's not necessarily a simple answer and I think you'll find that out in

1:36.8

today's show that there are a lot of different aspects that really for a

1:41.8

comprehensive discussion of it really should be considered.

1:46.2

This is a continuation of the Early Retirement FAQs series that I'm recording with Joe.

...

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