Pay Off Debt or Keep Investing? (Money Q&A)
The Personal Finance Podcast
Intro
This chapter explores the delicate balance between paying off debt and investing, offering insights on how to make informed financial decisions. The hosts highlight the significance of personal circumstances and financial goals in shaping strategies for managing debt and investments.
In this episode of the Personal Finance Podcast, we are going to do a Money Q&A about should you pay off debt or keep investing.
Today we are going to answer these questions!
Question 1:
How do I handle high expense ratios in my child’s Roth IRA? Should I switch vendors, change funds, or stay the course?
Question 2:
How do I get smarter about small business finances—write-offs, taxes, and making better financial decisions?
Question 3:
Is disability insurance worth it? Who really needs it and what should I look out for in a policy?
Question 4:
With $150K in student loans and a strong investment strategy, should I focus on paying off debt or keep investing?
Question 5:
As I start a web design side business in California, should I create an LLC or a Corporation—and what should I consider long term?
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Relevant Episodes:
- From 100K in Debt to Building Generational Wealth as a Couple with Josh and Ali (The FI Couple)
- How to Go from in Debt to Millionaire in 10 Years with George Kamel
- How to Never Go In Debt During The Holidays Again - Money Q&A
- How I would Invest Large Sums of Cash - Money Q&A
- How to Invest In Yourself and Earn More (THIS YEAR!)
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