Clearing Debt vs Investing - Do I Wait or Do Them At The Same Time

In this episode of the Mind Money Soul podcast, I am going to talk about debt versus investing and whether you should clear your debt before you start your investing journey.

I am always asked by my community about what comes first: debt repayments or investing. Really, there is no right or wrong answer but there are a number of things to consider when working out what option is best for you.

This episode is going to help you build a plan for clearing down your debt whilst also investing, making the most of compound interest on your investments for the future while also improving your financial situation in the present.

In this episode:

• Things to take into consideration when deciding whether to clear debt or invest
• Which types of debt are more beneficial to clear aggressively
• The plan for clearing debt while building future wealth
• The strength of compound interest
• Mindset tips to help you when reducing debt

Resources

Connect with me on Instagram, on LinkedIn or on TikTok

Send me an Email

Book a Money Mindset Exploration Session

Get a copy of my FREE Monthly Spending Planner Template

Get a copy of my FREE Money Date Template

Listen to My Investing Journey

Access my investing mini-course - The Feel Good Investors Mini-Course