Q
Should I pay off debt or invest?
A
Expert Answer
Mathematically, compare interest rates—pay off debt above ~6-7% before investing. Psychologically, some prefer eliminating debt entirely. High-interest debt (credit cards) should almost always be paid first. Low-interest debt (mortgages) can coexist with investing.
Key Insight
Mathematically, compare interest rates—pay off debt above ~6-7% before investing.
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