I Went Against Everyone’s Advice and Stopped Investing to Pay Off Debt (and I’d Do It Again)

articles news Oct 08, 2020

Never stop investing for retirement, even if you have debt. If you stop, you will lose time and compound interest.

I heard this advice from my father, my rich uncle, my financial advisor, and every mainstream financial expert throughout my entire adult life. But no one was able to answer my follow-up question:

“How can I invest when I have so much debt I feel like I can’t afford to live right now?”

Their response was always “Well, you still need to do both.”

I don’t know about you, but I can only handle so much...

My newest article with Next Advisor in partnership with TIME is not what everyone would agree with.

But when it's your own story and you are happy with yourself and your results, you don't need everyone's approval.

Read the full story here:

https://time.com/nextadvisor/investing/retirement/investing-paying-off-debt/

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