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5 Comments
Unless your debt is from credit cards or something worse, I think the answer is yes. Anything else will carry interest rates below the 7-8% long term you can expect to earn in the stock market
The world needs a really good calculator that shows the impact of having $100 (or whatever amount) and paying off your debt with it or investing it. I’d love to see those numbers and be able to compare the 401(k) match, etc. I’m totally on this. Thanks for the inspiration-this is always a burning question for everyone in personal finance!
I think yes personally. We started investing in real estate a few years back and I have never regretted the decision to invest. Our net worth is much higher than if we would have just done our work 401K’s as we do those as well. I really think you should look at the big picture. Look at how much debt you have overall and how you plan on tackling that debt. If you come up with a plan to attack it and still invest, I say go for it.
Becky@Frametofreedom recently posted…Financially Saavy Saturdays-143
We are now considering investing in our home so we can put it up for sale, and pay off our debt with that hopefully.
I wouldn’t invest instead of paying off my debt however, but only use it to spread my chances.
Mrs. CTC recently posted…Change of Plan! Can We Take a Shortcut Out of Debt?
I think it totally depends on your situation. Look at interest vs returns and decide what is best. I didn’t, but kind of wish I allotted SOME money for investing while in debt.