Do I Pay Off Interest Bearing Loans or Do I Build for the Future?

When it comes to the decision, do I pay off interest bearing loans or do I build for the future? It's really an opportunity cost question. Your high interest debt should be knocked out in step three. You actually don't start knocking out that low interest debt until you get to step nine. For a 50 year old, you're going to be in a very diversified portfolio.