Should You Pay Off Debt Before Investing?

Money Girl

Macmillan Holdings, LLC

Investing, Education, Business, Entrepreneurship, How To

4.6 • 1.8K Ratings

🗓️ 25 August 2021

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Not sure whether to pay off a debt or to invest money instead? Laura covers the main pros and cons and shares a simple method to prioritize your precious resources so you accomplish key financial goals and build wealth as quickly as possible.

Transcript

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0:00.0	Welcome to the Money Girl Podcast. I'm Laura Adams, a leading personal finance and small
0:10.6	business expert and award-winning author. I've been hosting this show since 2008, and
0:16.1	I'm thrilled that you're here. I'm thrilled to have you as a listener. No matter what you
0:20.5	want to achieve with your money, it all starts with financial literacy. This show is for
0:25.4	everyone who wants more financial wellness, knowledge, tips, and down-to-earth practical
0:30.9	advice, no matter your age. My goal here is to help you live a healthy and rich life by
0:36.0	making the most of what you have, planning wisely for the future and making smart money decisions.
0:42.3	Being a wise money manager and building wealth is a marathon, not a sprint. If you're feeling
0:48.2	frustrated about not being where you want to be with your money, or maybe you're doing
0:52.4	great, but you just got questions about things like credit, debt, retirement, investing,
0:57.8	insurance, taxes, real estate, business, money mindset, and more. You're in the right place.
1:03.7	We cover all those topics in the show. Last week, I was out of town for a few days celebrating
1:10.0	a friend's wedding in New Sumerna Beach. We had an amazing time. I haven't danced that
1:16.6	hard in a long time. I pulled a great show from the archives for you that I hope you'll
1:22.7	enjoy, and I'll be back next week with a brand new show.
1:27.7	Getting your finances in shape is exactly what today's show is about. If you're ready
1:33.1	to get more clarity about how to make important financial decisions and really get serious
1:38.6	about making progress, stay with me. I think you'll love this show. This is episode
1:43.8	number 506 called, should you pay off debt before investing? To see notes from this episode,
1:51.7	go to the MoneyGirls section at quickendirtytips.com. There you'll see a section called MoneyGirls
1:58.6	Recent Tips. If you're looking for the full archive of podcasts, they're also on the
2:04.4	MoneyGirls section at quickendirtytips.com. They're in a section under the tips called
	...

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