Scrubbed Out

Investing vs. Paying Off Debt


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In this episode we discuss the basics of paying off debt vs. investing, and I share my favorite resources for slowly (but surely) learning these tricks to the trade. Hope you find this helpful!

00:40 podcast starts + intro

01:44 what is your mindset around debt?

02:23 "good" debt vs. "bad" debt

03:43 do you have a problem with debt? Do you just want to pay off debt first?

04:39 interest rate of debt vs. investments - how do you decide?

05:20 your level of wealth matters

05:49 when to invest? TIME matters

06:21 Top 3 steps you should take to invest while paying off debt

06:49 1. Employer Match

07:42 2. Pay off high interested debt (8% or more)

08:28 3. Max out retirement accounts

09:30 before you do any of this: emergency fund (high yield savings account)

09:58 wrap up!

Favorite resources:

The White Coat Investor

Travis at Student Loan Planner

Dave Ramsey

Strive with Kristin Burton (IG)

Trading Secrets (podcast)

The Simple Path to Wealth (book)

It would mean so much to me if you would drop a review, hit subscribe, share this with a friend, or DM me with any ideas you might have for future episodes! Until then, have a great safe day and enjoy the episode!

Connect with me on Instagram:

@stethoscope.kat

https://www.instagram.com/stethoscope.kat/?hl=en

Thanks for tuning in! Xoxo, Kat

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Scrubbed OutBy Kat Bernard

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