Should You Invest or Pay Off Debt? (VERY Important)

Should You Invest or Pay Off Debt? (VERY Important)

Should you invest or pay off debt? This is a question many of us are faced with at one time or another. Finance influencers like Dave Ramsey insist that paying down debt is the best way to wealth while others believe that it’s a bad move. Why would you pay off debt when you could put that money to work to earn more money than the debt is costing? Is it better to use extra money to eliminate or at least pay down debt you’ve accumulated or is it better to invest that money so it grows and provides exponential returns for your future? The fact is, either can make sense but you might be surprised at the difference this simple decision will make. In some cases, these decisions could mean the difference of hundreds of thousands or even millions of dollars in the future. Let’s take a look at the advantages and disadvantages of both options so you can make the right choice that could mean the difference of being completely broke or financially free.