3389: Should You Save More For Retirement Or Pay Off Debt First? by Mark Dennis with Financial Finesse

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3389:

Mark Dennis explores the classic personal finance dilemma of whether to save more for retirement or focus on paying off debt. Blending both mathematical logic and behavioral psychology, he outlines a hybrid approach that leverages guaranteed investment returns while maintaining motivation through small debt victories, helping you take control of your money and stay on track long-term.

Read along with the original article(s) here: https://www.financialfinesse.com/2018/03/29/should-you-save-more-for-retirement-or-pay-off-debt-first/

Quotes to ponder:

"Use those good feelings of accomplishment to help motivate you to stay on track and hammer away at the next debt on your list until you kill that one too."

"Free money is free money, and nothing beats a guaranteed return on your investment."

"People often struggle to fully understand how compound growth works, which leads us to underestimate how much our savings could potentially grow."

Episode references:

Retirement Estimator Calculator: https://www.calcxml.com/do/ret02

Learn more about your ad choices. Visit megaphone.fm/adchoices