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Updated over 8 years ago on . Most recent reply
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Investing with debt?
I have credit card debt, student loans and a car loan that's upside down. Between my fiancee and I that equals about a total of $56000 in debt. Should I spend time agressively tackling debt or focusing the time and money on investments?
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- Rental Property Investor
- East Wenatchee, WA
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I chose to pay off my high interest credit cards and car loans prior to investing. Doing that changed something inside of me and proved I was serious. It also freed up a whole bunch of stupid monthly payments so I actually had some money.
My renters have fancier cars and nicer TVs than I do. They have nicer clothes and buy their lunches and fancy coffees. I drive a beater, brown bag my lunch and brew my own coffee. I'd rather have wealth and a library. To be different, we have to be different than our broke friends @Lisa Jones!