Ever wondered if you should wipe out your debt as fast as possible or maybe hang on to those loans and invest instead? In this episode, we explore the balance between math and mindset because financial plans don’t live in spreadsheets, they live in real life.

Michael, CFP® and EA unpacks the pros and cons of paying debt quickly versus investing for the long haul, why behavior often beats math in the real world, and when taking on debt may actually make sense, especially if it’s investing in yourself or your career.

Plus, a lighthearted look at what happens when “adulting” meets your first paycheck (and suddenly your bed goes from one pillow to eight).

If you’ve ever wondered:

💭 “Should I pay off my student loans or invest instead?”

💭 “When is debt okay?”

💭 “How do I prioritize my money when I’m just starting out?”

This episode is right for you.

Chapters

00:00 Question: Debt Payoff vs Investing Thoughts?

01:49 Will People Stick With Their Plan During Down Years?

03:03 When is it Okay to Acquire Debt?

05:15 What to do After Getting First Career Job?

𝐖𝐡𝐲 𝐰𝐞'𝐫𝐞 𝐡𝐞𝐫𝐞?

We’re here to make retirement planning feel less intimidating by helping people think through their strategies and plans through clear relatable financial topics!

💬 Questions or Want to Connect?

🌐 𝐖𝐞𝐛𝐬𝐢𝐭𝐞: www.custerfinancialadvisors.com

📧 𝐄𝐦𝐚𝐢𝐥: [email protected]

📬 𝐂𝐨𝐧𝐧𝐞𝐜𝐭 𝐰𝐢𝐭𝐡 𝐮𝐬: https://www.custerfinancialadvisors.com/contact-us-form

Disclosures:

Harborfront Financial Group is a Registered Investment Advisor registered with the Securities and Exchange Commission (SEC). Registration as an investment adviser does not imply a certain level of skill or training, and the content of this communication has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority.

The information contained in this material is intended to provide general information about Harborfront Financial Group and its services. It is not intended to offer investment advice. Investment advice will only be given after a client engages our services by executing the appropriate investment services agreement. Information regarding investment products and services are provided solely to read about our investment philosophy and our strategies. You should not rely on any information provided on our web site in making investment decisions.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Harborfront Financial Group, a Registered Investment Advisor. Harborfront Financial Group and Custer Financial Advisors are separate entities from LPL Financial.

This is a hypothetical example and is not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing. All investing involves risk including loss of principal. No strategy assures success or protects against loss.