Summary: How do you know whether you should focus on paying off debt or investing your money elsewhere? In this episode, I give 3 principles to follow that will help you decide whether paying off debt first or investing is the better choice for your situation. Principle 1 - Pay off high interest debt before investing in anything else. Principle 2 - Do the math. Principle 3 - Do What Makes You Feel Safe If you follow these 3 principles, there is no way to go wrong. To check out the corresponding article for this podcast, go to: https://www.wholesomefinancial-brentdunn.com/blog/how-to-know-whether-to-pay-off-debt-or-invest As a way of getting to know more people and build better relationships, I offer a Free 30-Minute Discovery Call. During this call, I am all your to ask any personal finance questions you may have. If you would like help figuring out where to invest your money or whether to pay down debt or invest for retirement, I would love to help! The reason I do this for free is because I know that if I can bring value to you and we can establish a relationship, I will be the first one you call when you or a friend need help making a financial plan. :) Free 30-Minute Discovery Call https://www.wholesomefinancial-brentdunn.com/free30minutediscoverycall Website: https://www.wholesomefinancial-brentdunn.com/ FB https://www.facebook.com/Bdunnfinance/ FB Finance 101 Group https://www.facebook.com/groups/finance101group/ Twitter: https://twitter.com/Finance101_Blog Blog https://finance101.blog/ Linked In www.linkedin.com/in/brentdunn1 iTunes Podcast: https://itunes.apple.com/us/podcast/finance-101-your-guide-to-investing-financial-planning/id1394097470?mt=2#
