Should I Invest or Pay Off Debt (Which to Prioritize FIRST)

BiggerPockets MoneyApr 7, 20223m 27s1.6K viewsScore 75
Pricing & Profitability
intermediate
debt payoff
investing
401k match
financial strategy
net worth
M

Summary

AI-generated

This video helps viewers decide whether to prioritize investing or paying off debt. It explains how to evaluate debt interest rates and employer 401k matches to make the most financially beneficial decision for increasing net worth.

Key insights

  • Double-digit interest rates on debt require immediate and maximum effort to eliminate the debt as quickly as possible.

Mistakes to avoid

  • Ignoring a company 401k match means forfeiting 'free money' and a guaranteed 100% return, which is a significant missed opportunity for wealth building.

Tools & resources

  • BiggerPockets Money Podcast Episode 35podcast

    BiggerPockets Money Podcast episode 35 features Craig Curelop discussing his strategy of investing in real estate while managing student loan debt.

Frequently Asked Questions

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial