Should You Pay Off Debt or Invest? Let’s Find Out! (Ep. 6)
Balancing debt repayment and investing can be a tricky decision for many.
How do you decide whether to pay off debt or invest your extra cash? What factors should influence your decision?
In this episode, Aaron Buchner from Cactus dives into the common financial dilemma of whether to pay off debt or invest when you come into some extra money.
Hear insights into how to approach this financial decision, consider the pros and cons, and understand the importance of personal goals and lifestyle choices in making your decision.
Aaron discusses:
- Should you pay off debt or invest windfall money?
- The impact of high-interest credit card debt and why it’s crucial to pay it off first
- Understanding mortgage rates and how they differ between the US and Canada
- The importance of balancing debt payments, investments, and lifestyle goals
- And more!
Resources:
Connect with Aaron Buchner:
- Website: Prick-Free
- aaron@prickfree.com
- 613-876-9899
- LinkedIn: Aaron Buchner
- Facebook: Aaron – Cactus
- Instagram: @aaron.b.cactus
- Threads: aaron.b.cactus
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