Do I have to stop investing to get out of debt?

First, we don't like using the word STOP. Instead we use the word "Pause". In many situations, we suggest pausing investing and have laser focus on getting out of debt. In other situations, it may not be worth it to pause investing to get out of debt.

We don't want you to invest $20 or $100 a month while trying to get out of debt, while trying to save for a holiday, etc. We want you to become debt free. Then have a fully funded emergency fund, and then invest 10-20% of your income which may be $1,000 or more! Think about how much money your investments will be making if you are investing properly.

What will you decide today? Will you decide to get out of debt?

Be sure to check out the ILMA Budget/Debt Elimination Course and the ILMA Investing Course

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