<p>Three times this week I was asked if "I should pay down my debt or put my extra money into savings." It's a great question that not everyone asks. Most people start by tackling their debt and then move on to savings. In this episode I explain why putting money into a savings account and then working on your debt gets better results.</p>

Three times this week I was asked if "I should pay down my debt or put my extra money into savings." It's a great question that not everyone asks. Most people start by tackling their debt and then move on to savings. In this episode I explain why putting money into a savings account and then working on your debt gets better results.

Pay Off Debt or Put Money in Savings?

Financial abundance (the financial ability to live the life you want)
comes from success in two ares. 1) Math Side - This includes income, expenses, budgets, debt, credit card payments, interest rates etc. This is what people think of when they think of finance. 2) Mental Side - This is how we think about money, debt, income, expenses and the "math" side. Most people incorrectly believe financial success comes from mastering the math side, but ~75% of your financial results comes from your thoughts about money. This is GREAT news because we can create new thoughts which will turn produce new results.

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Investing

How To

Financial abundance (the financial ability to live the life you want) comes from success in two ares. 1) Math Side - This includes income, expenses, budgets, debt, credit card payments, interest rates etc. This is what people think of when they think of finance. 2) Mental Side - This is how we think about money, debt, income, expenses and the "math" side. Most people incorrectly believe financial success comes from mastering the math side, but ~75% of your financial results comes from your thoughts about money. This is GREAT news because we can create new thoughts which will turn produce new results.

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Pay Off Debt or Put Money in Savings?

Pay Off Debt or Put Money in Savings?