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Episode 2971:
Chris Reining emphasizes the importance of starting retirement investments early, even in small amounts, to capitalize on decades of growth. He explains the trade-offs between paying off low-interest debt and investing, highlighting the historical advantage of stock market returns while encouraging a balanced approach to savings, debt, and investments tailored to comfort levels. His advice underscores the value of consistent, intentional financial decisions to build security and wealth.
Read along with the original article(s) here: https://chrisreining.com/should-i-pay-off-debt-or-invest/
Quotes to ponder:
"To be successful at investing you have to invest within your comfort zone because when you’re investing within your comfort zone you’re less likely to make bad decisions."
"Think about how you’d feel not having debt, and if you’d feel better not having debt then pay it off."
"Investing, saving, and paying off debt are all really great ways to deploy your hard-earned dollars and there really isn’t a wrong choice here."
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