20k Inheritance - debt pay down or invest?

[Piper Watson]

What would you do in this scenario and why?

If you had 50k in credit card debt for business startup costs (not real estate) with a 3-4-year plan to pay it off, high debt utilization in the meantime and a 620 credit score - but wanted to start investing in rental properties - what would you do with 20k that falls into your lap?

[Chris Seveney]

@Piper Watson

Pay down the credit cards as the chances of earning a return that is at a greater interest than the credit cards is very rare and risky. Always pay down your high interest debt first.

It only makes sense to invest cash when it can provide a greater return on your money than your debt can.

Hope this helps