Wise choice for stimulus money?

[Tony Marcelle]

Is it better to use the money to pay off debt than to invest it into something that will grow that most recent stimulus money into six figure income or more?

[Carl Millsap]

@Tony Marcelle it depends on your situation.

1. Will paying off the debt change your debt to income ratio so you can purchase more properties?

2. Are you financially in a position that if an emergency came up you have money to handle it?

3. Do you have 6 -12 months of living expenses set aside? 

4. Can you cover the expenses of the investment (rental property) if the income from that investment isn't coming in because tenants aren't paying?

It's great that you're looking to use the stimulus to pay off debt and / or invest but I recommend you have a solid foundation first, build from there.