Pay Off Debt or Invest while in debt

Paying off debt before investing offers several crucial advantages. Firstly, it reduces your financial risk. High-interest debt, like credit card balances or loans, can erode your wealth faster than investments can grow. By eliminating debt, you free up future income for investing without the burden of interest payments.

Secondly, debt elimination provides peace of mind. It removes the psychological stress associated with owing money and allows you to focus on your financial goals. It also enhances your credit score, potentially lowering future borrowing costs.

Additionally, when you invest with debt still hanging over you, market fluctuations can be especially unnerving, leading to impulsive decisions. Clearing debt provides a more stable financial foundation for long-term investment strategies.

Lastly, the opportunity cost of paying interest on debt can outweigh potential investment gains. By reducing interest expenses, you retain more of your earnings, which can be channeled into investments with the potential for compounding over time.

And to remind you all, it’s the September before the Halving, there will be News & events happening to have the market target people’s… institutions…. Demand zones.. and don’t allow your favorite YouTuber lead you to believe anything will push the market up before Binance is dissolved. One of a couple events..✌???? until next week