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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
5
6060 ratings
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