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Should You Invest or Payoff Credit Card Debt

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A balanced approach to wealth management serves both today’s needs and tomorrow’s goals. For some, that may mean paying off some debt today while simultaneously investing for the future.
Of course, your own needs and circumstances will be unique. But hopefully, this video can help you evaluate alternatives and find an approach that fits your situation and goals. Enjoy!

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11 thoughts on “Should You Invest or Payoff Credit Card Debt”

  1. At this present time… Pay off debt. You'll gain more by removing the higher interest of debt. If you have spare change to toss into lower end stock, or whatever, then do that as well – just get out of the higher interest rates of debt. You can get a loan, pay most off and get a new loan at lower interest rate – do that. There are options out there.

  2. Had a good run during my first year in the fin-market, I assumed I had a hang on it. However, things changed during the pandemic, and I needed to diversify into safe assets, so I approached a portfolio manager–Tracy Britt Cool–who devised a structure that matched my goals, and in my first year working with her, I made a whopping $695k, which I hope to scale to a million before the end of the fourth quarter.

  3. I think it is an important topic that many people struggle with. I like that you looked at both sides of the argument and offered some helpful tips. I think it is important for people to understand the pros and cons of both options before making a decision. Thank you for sharing your knowledge!

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