Pay Off Debt or Keep Investing? (Money Q&A)

The Personal Finance Podcast

Andrew Giancola

Entrepreneurship, Investing, Business

4.6 • 1.2K Ratings

🗓️ 28 April 2025

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode of the Personal Finance Podcast, we are going to do a Money Q&A about should you pay off debt or keep investing. Today we are going to answer these questions! Question 1: How do I handle high expense ratios in my child’s Roth IRA? Should I switch vendors, change funds, or stay the course? Question 2: How do I get smarter about small business finances—write-offs, taxes, and making better financial decisions? Question 3: Is disability insurance worth it? Who really needs it and what should I look out for in a policy? Question 4: With $150K in student loans and a strong investment strategy, should I focus on paying off debt or keep investing? Question 5: As I start a web design side business in California, should I create an LLC or a Corporation—and what should I consider long term? How Andrew Can Help You: Listen to The Business Show here. Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a future where your aspirations are not just wishes but realities. Enroll now and make this year count! Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! Learn to invest by joining Index Fund Pro! This is Andrew’s course teaching you how to invest! Watch The Master Money Youtube Channel! , Ask Andrew a question on Instagram or TikTok. Learn how to get out of Debt by joining our Free Course Leave Feedback or Episode Requests here. Car buying Calculator here Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast. Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at shopify.com/pfp Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn’t affect your credit score. Get started at chime.com/ Thanks to Fundrise for Sponsoring the show! Invest in real estate going to fundrise.com/pfp Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote. Go to https://joindeleteme.com/PFP20/ for 20% off! Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance Turn your business dream into reality! Apply now at www.oneday.org/pfp Go to Acorns.com/pfp and start automating your investments and get a $5 bonus today! Delete Me: Use Promo Code PFP for 20% off! Shop Data Plans and Save Big at mintmobile.com/pfp Relevant Episodes: From 100K in Debt to Building Generational Wealth as a Couple with Josh and Ali (The FI Couple) How to Go from in Debt to Millionaire in 10 Years with George Kamel How to Never Go In Debt During The Holidays Again - Money Q&A How I would Invest Large Sums of Cash - Money Q&A How to Invest In Yourself and Earn More (THIS YEAR!) Connect With Andrew on Social Media: Instagram TikTok Twitter Master Money Website Master Money Youtube Channel Free Guides: The Stairway to Wealth: The Order of Operations for your Money How to Negotiate Your Salary The 75 Day Money Challenge Get out Of Debt Fast Take the Money Personality Quiz Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	on this episode of the Personal Finance Podcast, should you pay off debt or keep investing?
0:06.7	We're going to cover it in this money Q&A.
0:30.9	I'm going to do. What's up, everybody, and welcome to the Personal Finance Podcast.
0:34.4	I'm your host, Andrew, founder of MasterMoney.com. And today on the Personal finance podcast, we're going to be diving into your
0:39.5	questions on this money Q&A. If you guys have any questions, make sure you join the Master
0:44.4	Money newsletter by going to mastermoney.co slash newsletter. And follow us on Spotify, Apple Podcast,
0:51.3	YouTube, or whatever podcast player, you love listening to this podcast on it.
0:56.5	If you want to help out the show, consider leaving a five-star rating and review on Apple Podcast, Spotify, or your favorite podcast player.
1:04.2	Now, today we're going to be diving into five of your questions here on this episode of Money Q&A.
1:10.3	The first one is going to be,
1:11.3	how do I handle high expense ratios in my child's Roth IRA? Should I switch vendors,
1:16.7	change funds, or stay the course? And question two is, how do I get smarter about small
1:21.7	business finances, talking through write-offs and taxes and making better financial decisions?
1:27.1	Question three is, is disability insurance worth it?
1:30.7	And who really needs it?
1:31.7	And one should I look out for in a policy?
1:34.5	And question four is with $150,000 in student loans and a strong investment strategy,
1:40.1	should I focus on paying off that debt or should I keep on investing? The last one is as someone
1:46.1	starts a web design side business in California, should they create an LLC corporation, or what
1:51.5	should they consider long term? And so we have all that more on today's episode of the personal
1:57.9	finance podcast. So without further ado, let's get into it.
2:02.5	I have a question for this show.
	...

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