INVEST OR PAY OFF DEBT? - How You Can Do Both

Our Rich Journey – INVEST OR PAY OFF DEBT? - How You Can Do Both: Ever wonder if you should pay off debt or invest? That's what this video is all about! In this video, we break debt into two categories and discuss when you might want to consider investing versus paying off debt (and vice versa!) and when it makes sense to do both!

▸▸▸Check out some of our other videos!



Vanguard's VTSAX Index Fund: Our Number One Investment for Financial Independence Explained:

Improve Finances - 30 Day Money Challenge:

How to Live Off Investments & Retire Early | Our Seven Account Strategy for Financial Independence:

▸▸▸PLEASE SUBSCRIBE:

If you like our video, please make sure to "like" the video and subscribe to our channel. We post two videos a week related to our journey towards financial independence, including making money, saving money, and investing money. Make sure to check out all our videos and . . . join the journey!

DISCLAIMER:
We are not financial advisors. Our videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research!

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our personal opinions.

#debtpayoff #investvsdebt #FinancialIndependenceRetireEarly

[OurRichJourney]

Enrollment is now open for our 365 Days to F.I.R.E. Program for 2025
Sign up and get:
◼ Completed F.I.R.E. Plan, Stock Investing Plan, Real Estate Investing Plan, etc. by the end of program
◼ Daily F.I.R.E. Actions
◼ Monthly Live Q&As
◼ Small Accountability Groups
◼ Quarterly Book Club
◼ 3 Meet-ups in Portugal, including a 2-Day Conference with us in Porto!
◼ Private Facebook group
◼ Lifetime access to daily tasks, recorded live Q&As, recorded book club meetings, Facebook group, and resources
◼ Discounted future meetups as 365 Days to F.I.R.E. program alumni
◼ And more!

[minimalmillionairemom]

The psychology is so important to acknowledge. Doing what motivates us has helped us to achieve our goals.

[EvangelistRBColbert]

I divide my pay or check in three ways. (Savings, paying off debt and investing)

[alanija]

Money and family don't mix. I never lend money to friends or family. Instead if they ask for a certain amount of money and they say they will pay it back. I respond by saying that I can gift you an amount and you don't need to pay me back. That way I don't give up money that I saved for something else and I don't get upset when they never pay me back which always happens when you lends money to friends and family

[QuesttoFIRE]

I’m doing a little of both! Can’t leave that free money on the table with my 403b match. BUT once I get this high interest debt gone, I’m gonna BLOW UP my saving and investing!!!! And I can’t WAIT to vlog the journey- so much debt payoff on YouTube, but not a whole lot about both!🔥🔥🔥🔥🔥

[lanbao]

I really appreciate how you included loans from family and friends and tax debt! Most videos wouldn’t even include those and the damage to your relationships really needs to be considered. Thanks for a very balanced POV on this topic!

[aaronvaldi]

Do you have videos for Late starters? 40 or 50 year old? Getting parents to start? Getting family members to invest?

[YouHaveAGoodPoint]

I struggle with this soooo much! I go back and forth from year to year on this. We have $110, 000 in assets and a $30, 000 mortgage with about a 4% interest rate. I cannot decide to pay it off or not. We save about $30, 000 in cash every year. We have about 8 years left to reach our goal. This $30, 000 is our only debt. The average rate of return is 9%.

[bluvd]

I love y’all! Specifically I love your contribution to the world. The knowledge and wisdom you willingly give, the genuine excitement in your videos and the effort you put into making the information clear, organized and understandable. Thank you so much!

[chantelles]

I really needed to hear this. Thank you!!!

My home loan interest is 11.45% in South Africa. We pay interest from the first to the last payment. I think its like a 50/50 ratio. My return on investments were much much lower. So for me im going to pay off my home first. Thank you!!

[anthonythacker]

Continuing to at least get your match while paying Down debt is a concept dave ramsey doesn't push. He overlooks the power of compound interest working in your favor. Love the video

[Cubalibre]

Excellent video, informative and educational. Thank you!

[yvtravel]

Thank you! It’s a blessing to have you. You have cleared a lot questions.

[backtoasimplelife]

Thank you for your take on this hotly debated subject! As usual, your information was well thought out and comprehensive. Thank you for teaching us! You guys have me constantly on the edge of my seat waiting for the next episode.

[Trupinay]

Thank you for this video! I have been going back and forth on whether to pay off my debt or invest and this video helped reassure that I made the right decision.

[JoyfulLivingLinda]

I do both. The only debt we have is student loan and loan on our appartment. Our student loan only has 0.15% interest, so we put more effort into our appartment loan which has a 1.28% interest. We also have a savings account and invest in stocks and bonds. We have little money coming in due to me being on sick leave, so it's not the way it could be.

[elinl]

Thank you for this informative video. I am at the early stage of 30yo mortgage payment (first 5 yrs). Your video really put me into ease abt investing, saving while paying back a little bit more each month if has extra dollar. When I think of investing/saving and mortgage- I also think about inflation and how that could impact the sum of total payment.

[jessicaphoebe]

I need this... THANK YOU!!! All your videos have given me hope.

[smagumise]

Thanks guys. I’d say good debt is debt that you use to generate income. Like taking a mortgage on an investment property where the rentals are paying off the mortgage.
So in summary compare the interest you’ll pay vs the return you can get and decide based on that

[Chriscollinsusername]

I love your channel! I just refinanced my house with a 30yr note at 2.99%...would you guys try and pay down the mortgage or should I keep aiming to max out my wife and my Roths?