Comments on: Should You Pay Off Your Debt Before Investing?

By: Lalos

Lalos — Fri, 28 Aug 2009 01:26:08 +0000

I believe everyone needs a cushion fund, an amount of money for emergencies. Above that, pay off the debt, absolutely.

By: Pay off student loan or save?

Pay off student loan or save? — Thu, 14 May 2009 11:01:54 +0000

[...] a personal note, I agree with your boyfriend, because long-term investing will more than likely give you a better return on investment than paying down yo…. For example, you can increase your 401k contribution, or start contributing to Roth IRA. However, [...]

By: Pinyo

Pinyo — Fri, 10 Apr 2009 03:48:37 +0000

@BobV – That sounds wonderful. Congratulation.

By: Weekend reading for investors 4/4/09

Weekend reading for investors 4/4/09 — Sat, 04 Apr 2009 11:04:04 +0000

[...] you pay off your debts before investing, asks [...]

By: BobV

BobV — Sat, 04 Apr 2009 10:15:31 +0000

I like the direction of the article. I was investing heavily while carrying a mortgage with a relatively high interest rate. When my wife and I decided to become totally debt free, I cashed in some of my investments, paid off the house, and have been been amazingly blessed ever since. It’s great to be debt free, retired, able to give freely. Thanks for the article.

By: Business Books Giveaway Roundup

Business Books Giveaway Roundup — Fri, 03 Apr 2009 14:24:06 +0000

[...] Should you pay off your debt before investing? [...]

By: Pinyo

Pinyo — Fri, 03 Apr 2009 04:37:30 +0000

@Bob – In a way, I am doing the same. I am not waiting to pay off my mortgage before investing. But Larry’s numbers make a lot of sense.

By: Bob

Bob — Fri, 03 Apr 2009 03:42:06 +0000

I have been working on investing and paying down the debt at the same time – but only because I know that I am not going to “fall off the wagon”… That said, I do understand why Dave Ramsey preaches what he does about knocking it all out first – for many people they need to do it that way…

By: Sweeney

Sweeney — Thu, 02 Apr 2009 18:02:20 +0000

Thank you very much for your post. I believe this is very sound advice. I am going to have to sit down with my wife over the weekend and review all of our options. Thanks again for the post!

By: Pinyo

Pinyo — Thu, 02 Apr 2009 15:52:30 +0000

@Weakonomist – For the most part I agree with you. But I don’t know if investing 15% for retirement is a good idea when you owe credit card debt.