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James starts this hour in Canada.

Hi, James. How are you?

I'm doing very well. Better than I deserve. How are you, Dave?

Better than I deserve, sir. What's up?

This is an honor to talk to you. I am such a fan of the show.

Well, I'm honored to talk to you. How can we help?

I just have a quick, well, I'm not a quick question.

Me and my wife are planning to get out of debt as soon as possible.

And I just have a question that's been lingering on my mind.

I have some investments about $5,000 Canadian in some ETFs, and I'm just wondering

if I should sell my investments to pay off debt. Okay. What kind of debt have you got?

I have a line of credit that's about $19,000.

We also have some credit card debt and a car loan as well.

How much do you owe on your credit cards?

My credit card itself is about $13,000.

Okay.

So there's an old rule that I've learned.

I've twisted it around a little bit and used the rule because it's a decision-making

framework that's helped me a bunch.

It comes from the Harvard Investment newsletter.

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