Pay Off Debt or Invest? A Simple Framework for Beginners
Quick answer: Whether to pay debt or invest primarily comes down to your interest rate. Pay off high-interest debt (like credit cards, often 20%+) before investing. For lower-interest debt (e.g., mortgages, some student loans), it may be better to invest — especially in tax-advantaged accounts like a 401(k) match, HSA, or Roth IRA — while […]