No, you don’t need to pay off all of your debt before saving
theantibroke.substack.com
There’s an extremely popular piece of financial advice that I couldn’t disagree with more, and it’s about time we talk about it. The advice is that you basically shouldn’t do anything like saving or investing until you pay off all of your debt. I don’t fully disagree with this advice, because it’s sometimes true. The problem is that people use this as a blanket statement without taking into account any nuance at all.
No, you don’t need to pay off all of your debt before saving
No, you don’t need to pay off all of your…
No, you don’t need to pay off all of your debt before saving
There’s an extremely popular piece of financial advice that I couldn’t disagree with more, and it’s about time we talk about it. The advice is that you basically shouldn’t do anything like saving or investing until you pay off all of your debt. I don’t fully disagree with this advice, because it’s sometimes true. The problem is that people use this as a blanket statement without taking into account any nuance at all.