It's not always a math question as it a behavioral finance question. Debt repayment is a guaranteed payoff vs a variable payoff through investing. Being debt free is a goal in life and it gives you much needed peace of mind when you achieve it.
Behavioral finance can work the other way too. I feel really guilty if I leave too much in savings or put too much in debt payment when I could be buying stocks. In fact I’m taking out margin loans to invest in stocks since the returns are higher than margin interest. I would feel guilty if I wasn’t taking every opportunity to maximize my returns.
I paid off all debt including my house here in houston. Considering all the craziness going on in the world now I’m glad I did that instead of investing other than in my 401k. May not work for everyone but I’m happy I did it.
I'd say it depends on how stable u r, & how much income you have coming in monthly. If income is slow, u should be careful. If fast & u r stable, u should pay off debt & then invest.
If it was me.... I would keep 8k as an emergency, 10k thrown at debt, 5k in precious metals, 5k in dividend stocks with the drip option and 2k in food and water preps.
Debt repayment is like weight loss... You know you will feel better in the long run, but its so hard to start and stay motivated! But if you put your mind to it, it can be done! This is where Rose's Financial Vision board is so inspirational and motivating!
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Just like Dave Ramsey always tell people. Pay off your debt first before you start investing. Interest alone will rob your future wealth. Keep up great works and congrats on that 100k debt!
I disagree because debt has made me richer. I graduated with no debt but I take out as much margin loans as possible to buy more stocks. It has made me more money than if stayed debt free and invested on cash only.
Lol, I'm loving this. But for real its best you have an investment, when it comes to crypto, with 300usd worth of bitcoin, I make over 5kusd in a week through the help of Prof. Gerald. With such profit, gradually all debts will be paid.
THANK YOU FOR THIS! I just hit $1000 on my Emergency Fund today and I have been trying to figure out my next step. I knew it needed to be debt but I wasn't sure where to start. You have helped me alot. Appreciate you!
Glad to see that I came to the same conclusion as you with regards to this topic. I decided a while back that I would pay off all of my credit card debt first before I start investing.
"Debt is the status quo". That is so true in America! It is completely normal for people to live in debt almost their entire lives. That needs to change! I felt so accomplished when i finished paying of my student debt last year. Great tips, awesome video!
really looking forward to the next video, Rose! I'm in my 30s, debt free, maxed my Roth, and have a nice emergency fund-- I really want better ideas on what to do with the extra (that's currently just sitting in a savings account)...
That is awesome you are in your 30s and debt free. I should have all consumer debt gone by 30. Invest in your future. Investments grow quicker than savings.
Great advice! It can quickly become overwhelming when you have several financial goals and you don't know which one to prioritize first. It's also challenging to decide how much to set aside and invest when you are running a capital intensive business! Being informed is the best way to become one step closer to financial freedom 🙂
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
When you said you sat on $10k just sitting on savings and didn't pay off outstanding debt because you thought you might need it...that is LITERALLY me hahahaha...call it impulse, but I just bit my tongue and paid off one of my credit cards lol :) I think seeing this video today at 8 pm est was not just a coincidence. Thank you Rose for popping up on my recommendations. The universe works in mysterious ways, I shit you NOT.
I did the same thing! After watching this video I paid off one my student loans ($11k) out of my savings account I've been sitting on. I feel great to see my overall debt amount is lower and can see that end goal of $0 is near.
As soon as I finished watching this video I paid off 3,000 in credit card debt. I've had the extra money in the bank for about a year! now I know it was a huge mistake!!! only 2,500 of credit card debt to go. Thank you!
I recently decided I'm going to try and pay off my vehicle within the next 12 months. I crunched the numbers and it's very doable in my current financial situation. Once it's paid off I'll be saving $307 every month. I eagerly await the feeling of that debt being off of my shoulders.
I recommend a very good specialist Michael Gibbs who helped me so much to improve my credit score and removed all negative items that I didn’t want. My score was 510 and after 9 days it was boosted to 790. I was very pleased and desire to share this with the world. I was not sure he would actually do it because I have been scammed twice. He told me all I need to do which I humbly did without hesitating in less than a week I saw the miraculous job, I couldn’t believe it. And I got a mail from credit bureau confirming the good job he did. Contact email [Gibbs@creditpatchup.com] Cheers.
I usually pay cash for stuff I buy. however i have quite a bit of debt due to my low income, how is that viewed when applying for a credit card. My credit score is constantly on a roller coaster and now severely suffering because my cousin has not been paying her monthly note as expected and myself has been skipping few bills. I applied for an American Express card, the application was denied. Though I had one many years ago, and I used it to pay my minor expenses on time. This is the second time that I get denied. I have been monitoring my score and now I have My credit score at about 610 but I needed it to be upgraded for a CAR loan, just last month I saw a review on Facebook about this Credit repair Experts who helped a lady to boost her credit score. I took his contact(Mark@creditpatchup.com) and mailed him asking him if he can help me fix my credit, Expectantly it was fixed and raised to 760, still on my way to 800 golden score and all my debts has been rolled out as well all in less than 2 weeks. I urge everyone in need of credit help/advice to look them before giving them a try just like I did.
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Rose you read my mind! I've been struggling with this topic for a while now and it's awesome that you made a video about it. I kept telling myself that I should pay off debt first but I can't wait to see what you say in this video (I'm commenting before I watch it). Thx for your weekly videos and as always, I'll look forward to your future videos on Wednesday's.
Marth Frost Another way is to increase income and income streams first. Making money comes before paying off debt. Any extra income will help offset any debt no matter how large. I advise anyone to start a side hustle or two. Your job can be your main income generator, while side hustles can be used to pay off debt. Easier than relying on just one income. After debt is paid off, side hustle money can be used to increase investments. And your investment income can be used to pay off rent or mortgage. Better security through working a few income streams than just one.
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Honestly thank you for this information. Definitely feel better after knowing of a actual plan I can personally take towards better wealth so thank you again Rose!
Great info, I'm kinda new to all this and I felt like I was spreading myself too much trying to invest save and pay off debt. Like you said though the 401k has been a boost. I'm 25 hand have almost 12k in it, not much but enough to get going. Time to get that emergency fund going and pay off that debt hard.
I was steadily paying off debt up until the market crashed a few months ago. At that point, I started throwing ALL extra cash into the market, and I'm glad I did. I've maxed out my 2019 Roth (as you already know 😅), and I'm still investing into 2020, but at a lower rate. I'll be putting more money into my debt now.
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Those are the steps I took to be debt free, and continue practicing to stay out of debt. Life is so much better without the burden. Listen to this lady. She is giving you a gift!
I had bad spending habits, the past 6 months, I went on self lockdown (before the country lockdown) and focused on debt and savings. Now I am auto debt free (which would have been finished in 2.5 years on regular monthly payments, I paid a lump sum). I have 10 months of emergency + living expenses fund and just started a Roth IRA with investments in VTSAX. Feeling good RN
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Thanks Rose! I have my car loan left. And this was a question I've been thinking about since I have a Roth IRA and a 403B with my employer. I really want to pay off my car this year!
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Investment is totally not worth it if it's not generating enough profit return. I see no need to invest when the profit turnout over long run is still not enough to cover up for losses
You just had a wrong view and perspective about investment. Investment can be very profitable if only you get in touch with the right personnel who can help your account portfolio grow effectively
We believe that it is not a cut and dry answer when it comes to the choice of investing or paying off debt. It is based on the individual and the rates that you are paying on your debt. Glad to see a fellow NYU (Columbia undergrad) grad fighting the good fight.
I saw the recommendation of G-hacker and decided to use his services because I was in a terrible position financially, and it turned out to be the best decision I ever made. G-hacker is the only expert I will speak of and recommend to you all I got $15,000 in my Bank account, $10000 in my CASHAPP and $12000 in my PayPal and account after paying the charges for the paypal hack. He also cleared my daughter's credit card debt for free and also funded the credit card, he was the one who also removed past eviction from my daughter's credit report and she was able to apply for a high limit credit card worth $19,000 it got delivered to her believe me and go check him out I assure you of a job done professionally he is the best and only real hacker that can help you become not only financially stable but very rich, mind you HIS SERVICES IS THE BEST IN THE WORLD. Contact him on whats-app or via text +1 (202) 697-7171 or through via (Moneymachine0203@protonmail.ch) Don't forget to thank me, later...
Made my own debt plan. Car will be paid off 19 months early in November. Will start investing in the brokerage account after that and paying more on the mortgage.
I’ll never get out of debt. Can’t even get to the emergency fund step, because it just seems like there is one emergency after the next ...... ughhhh. I’m 51 now and it’s hopeless. I’m only here for my grown kids.... learning soooo much. They ask me for help with 401k and investing, which I really don’t know about. Your videos are awesome and will really help them. I’m so glad my kids are so interested in investing and such at ages 21 and 22!!!!!! I have watched many videos and yours are the best!!!! Thank you for sharing your knowledge.
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
A statement i tell people all the time is one You said recently " Pay that shit off ". You will never understand how much your income is until you have no debt. Words my Granddad told me when i was young, " Son count your pennies. Pennies count nickels, nickels count dimes, dimes count quarters, quarters count dollars. If you only count your dollars you will never see the pennies you are loosing". Didn't understand this till i was older but i get it now. Great Vid Rose.
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
I've contemplating of whether to pay off my debts or invest then I bump into this channel anf it totally change my mindset. Thank you for creating this content. It really help me a lot.
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support,account management and how to enroll on the master class inbox me privately using a text request to.👇
I beg to differ. This is the perfect time for investors. Use the volatility to your advantage to earn more. I was this close to ruining my portfolio. Thank you Payden.
Fabricio Jimenez you can’t put stocks and gambling in the same sentence. If you feel that way about the stock market, then you must have been doing it wrongly.
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support,account management and how to enroll on the master class inbox me privately using a text request to.👇
So glad I stumbled across your channel, Rose! (thanks UA-cam algorithms) I'm 22 and recently started my first full-time job, and I've been binge-watching your videos. They've really inspired me to be more proactive and shrewd about my finances, and I already feel more in control of my life amid all the turbulence happening this year! Going to open a savings account, start building my emergency fund, and tackling my student debt. Thank you!! :D
If you can earn a higher return on your investments than the interest on your debt, you should invest. On the other hand, if you're carrying high-interest debt such as credit card debt, it may make more sense to pay off your balance.
I generally love this advice, but given the rising job losses due to COVID-19, why wouldn't you recommend having a larger savings account over throwing money at debt? It seems like a lot of people may end up needing that money for basic living expenses over making more than the minimum payments on loans (agree on having no credit card debt, only what you can pay off immediately).
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
@@elpasomyk I recommend a very good specialist Michael Gibbs who helped me so much to improve my credit score and removed all negative items that I didn’t want. My score was 510 and after 9 days it was boosted to 790. I was very pleased and desire to share this with the world. I was not sure he would actually do it because I have been scammed twice. He told me all I need to do which I humbly did without hesitating in less than a week I saw the miraculous job, I couldn’t believe it. And I got a mail from credit bureau confirming the good job he did. Contact email [Gibbs@creditpatchup.com] Cheers.
Being debt free would be so great, I need to stop hoarding and get the ball rolling. I always stress between investing and paying off my mortgage as soon as possible. I keep forgetting that if I pay off my mortgage more and more that I will pay less and have more money to put away. Thank you for this nudge in the right direction❤️
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support,account management and how to enroll on the master class inbox me privately using a text request to.👇
You know honestly, I watched this video as soon as I finished work and sincerely absolutely loved it because I have scouting for getting my debts off and this video was amazing. Seriously good work. Appreciate that you sharing your story. Thanks a ton Rose. Have a good one.
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
I wish you all the best and I hope you all achieve your Dreams! Mine goal is to rech 250k till end of the year. Cheers Jannis Roth - Grow Your Wealth! -
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
"Some people get used to carry debt" that's me. As bad as credit card debt sounds, I have to say thank you to all these credit card companies. Because without them I don't know how to survive all these years. Now that I'm back on my feet I only has about $1000 credit card debt left with zero APR until March 2023. Now I am 100% focus on how to save and invest. Kinda late but you have to start somewhere. I love watching your videos, I even shared it with my kids.
Pay off high interest debt asap. The interest will put you behind every month. I definitely agree with the points you made. I decided to cut back on my IRA temporarily to wipe out my debt first. I should have the CC paid before the end of summer ($4k left)!
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
it's always good to stay on track with goals and I'm switching things up due to this video. I'm pay off my smallest debt right now and it feels damn good.
I saw the recommendation of G-hacker and decided to use his services because I was in a terrible position financially, and it turned out to be the best decision I ever made. G-hacker is the only expert I will speak of and recommend to you all I got $15,000 in my Bank account, $10000 in my CASHAPP and $12000 in my PayPal and account after paying the charges for the paypal hack. He also cleared my daughter's credit card debt for free and also funded the credit card, he was the one who also removed past eviction from my daughter's credit report and she was able to apply for a high limit credit card worth $19,000 it got delivered to her believe me and go check him out I assure you of a job done professionally he is the best and only real hacker that can help you become not only financially stable but very rich, mind you HIS SERVICES IS THE BEST IN THE WORLD. Contact him on whats-app or via text +1 (202) 697-7171 or through via (Moneymachine0203@protonmail.ch) Don't forget to thank me, later...
I followed the "snowball" effect paying down/off credit cards. My personal opinion is to pay down/off the highest interest credit card vs. Smallest amount owed. It doesnt make sense to pay off a $3,000 w/0% interest cc when you have $1500 w/ 14% interest.
I agree with this, but many people have trouble with math, personal finance, willpower and/or focusing on a plan. If smallest amount to largest helps someone get out of debt, then it is good.
But studies have shown that people feel better when they accomplish a goal. So her advice on paying off the smallest loan the best for a majority of people but mathematically, high interest loans should be the main focus. I guess Rose is a realist and knows what trips up people in real life
Great Advise Rose, Thank You. Dave Ramsey also gives the same advise too along with his baby steps program . I look forward to many more of your video's.
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
ive sent an entire day watching your videos!!! this year has been rough, but im finally finding a footing and income!! im in a pretty good situation and i feel itll be easy to get out of debt and then start investing after listening to you!!! so happy to have learned about betterment. excited they do checking as well bc i have been looking for a new bank!!! thanks for all your research, pdfs, and insight!!
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
I’m so glad I found your channel. I am new to investing and need lots of advice, and your videos have been great! This is such a strange time (2020) to be investing. I sure appreciate your help. Thanks!
I have taken my time to read several reviews and decided to do some investigation about some of them; I can strongly say that Michael Gibbs is the right person to work with. He is the best and really good in boosting credit score and increasing credit card limit. He helped me increase my credit score to +800 (excellent) and increased my two credit card limit to $19,200 in less than 10 days. He also helped erase all negative items on my credit report within few days, His works are fast and affordable compare to others. Email him directly today 'Gibbs@creditpatchup.com' if you desire an excellent credit score in this pandemic year. LOL!
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Thanks for this! I’ve been delaying on paying off my debt in regards to school loans, even during this pandemic! Didn’t pay anything towards it since it’s been paused! Time to destroy it before investing in stocks/index funds/ETFs again
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support,account management and how to enroll on the master class inbox me privately using a text request to.👇
Was hoping for some discussion at least regarding the interest rate and at what point it makes more sense to divert money to a Roth IRA/401k rather than pay down.
Very informative. Well-spoken and with solid advice to boot. People around 18 would benefit the most from this, but anyone can follow this and see better days. On a side note Rose, I think something nice for your videos would be to add a piece of light background music under you're speaking as some other channels do. would make for a nice experience. Subscribed.
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support,account management and how to enroll on the master class inbox me privately using a text request to.👇
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
I disagree with the 5th. It is actually financially smarter to pay off first not the smallest, but the one that has the biggest interest percentage. This way you pay less in interest
I wouldn’t even worry about the emergency fund until after the credit card debt is paid off. You could use that $1,000 to pay off a good chunk and reduce your interest a good bit thus also giving you extra money each month. Granted this requires some self control but if you really need to you can just use your credit card as an emergency fund. In the meantime you’re saving money by reducing interest
Thanks Rose - I had a video on this when assessing mortgage debt, and whilst some advocate paying the small debt first.. I still feel that if you are on a path to pay down debt then paying off the highest interest rate debt first is the cheapest way to reduce the debt... but your point about focus is very well received :)
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Thanks for watching.! The support is very much appreciated. For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Great advice Rose. However I feel time is not on my side. My finances would be in order if my daughter and grandkids had not moved in with me, I have to years to retire. I wish I could turn back the hands of time and get a fresh start. My daughter lost her job during the pandemic so a lot of the responsibility falls on me. I hope there is a light at the end of the tunnel. I just scaled back on my 401K contribution from 13% to around half of that. Don’t know if that was a wise thing to do. Rather than being extra income on my check it will probably get taxed.
It's not always a math question as it a behavioral finance question. Debt repayment is a guaranteed payoff vs a variable payoff through investing. Being debt free is a goal in life and it gives you much needed peace of mind when you achieve it.
Behavioral finance can work the other way too. I feel really guilty if I leave too much in savings or put too much in debt payment when I could be buying stocks.
In fact I’m taking out margin loans to invest in stocks since the returns are higher than margin interest.
I would feel guilty if I wasn’t taking every opportunity to maximize my returns.
Yea! True
Amen!
Debt can easily make us feel hopeless at times, but having a plan like this makes repayment quite feasible in most situations.
David Liang - College Grad Finance I completely agree. Planning is a way to manage expectations and possibilities.
I paid off all debt including my house here in houston. Considering all the craziness going on in the world now I’m glad I did that instead of investing other than in my 401k. May not work for everyone but I’m happy I did it.
@@AHuth scam!!
I'm literally sitting on almost $30k in cash, but don't want to splooge it all on paying off debts. Think I needed to hear this...
I'd say it depends on how stable u r, & how much income you have coming in monthly. If income is slow, u should be careful. If fast & u r stable, u should pay off debt & then invest.
I would have a hard time letting that go too.
@@AHuth scammer
I feel the same way, it’s a tough mindset for me to buy in to,
If it was me.... I would keep 8k as an emergency, 10k thrown at debt, 5k in precious metals, 5k in dividend stocks with the drip option and 2k in food and water preps.
When you learn a semester worth of a class in college in under 20 mins... Power of YT
Debt repayment is like weight loss...
You know you will feel better in the long run, but its so hard to start and stay motivated!
But if you put your mind to it, it can be done!
This is where Rose's Financial Vision board is so inspirational and motivating!
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
Being in debt was the biggest source of stress I had and it was so freeing when I finally paid it off. Love the motivational moment here :)
Same here!
"You will get your eyes gouged out with interest." Best. Quote. Ever. Lol Love it
LOL! :D
My thoughts exactly lol
Just like Dave Ramsey always tell people. Pay off your debt first before you start investing. Interest alone will rob your future wealth. Keep up great works and congrats on that 100k debt!
I disagree because debt has made me richer. I graduated with no debt but I take out as much margin loans as possible to buy more stocks. It has made me more money than if stayed debt free and invested on cash only.
@@geniusgenesect When your parents back your education. Your investment doesn't really count ~
Why would it not count in that case?
@@geniusgenesect you are an arrogant buffoon.
Lol, I'm loving this. But for real its best you have an investment, when it comes to crypto, with 300usd worth of bitcoin, I make over 5kusd in a week through the help of Prof. Gerald. With such profit, gradually all debts will be paid.
THANK YOU FOR THIS! I just hit $1000 on my Emergency Fund today and I have been trying to figure out my next step. I knew it needed to be debt but I wasn't sure where to start. You have helped me alot. Appreciate you!
Glad to see that I came to the same conclusion as you with regards to this topic. I decided a while back that I would pay off all of my credit card debt first before I start investing.
"Debt is the status quo". That is so true in America! It is completely normal for people to live in debt almost their entire lives. That needs to change! I felt so accomplished when i finished paying of my student debt last year. Great tips, awesome video!
AGREE :)
really looking forward to the next video, Rose! I'm in my 30s, debt free, maxed my Roth, and have a nice emergency fund-- I really want better ideas on what to do with the extra (that's currently just sitting in a savings account)...
Sarah, hopefully you’ve got that savings in a high yield account!
That is awesome you are in your 30s and debt free. I should have all consumer debt gone by 30. Invest in your future. Investments grow quicker than savings.
Great advice! It can quickly become overwhelming when you have several financial goals and you don't know which one to prioritize first. It's also challenging to decide how much to set aside and invest when you are running a capital intensive business! Being informed is the best way to become one step closer to financial freedom 🙂
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
When you said you sat on $10k just sitting on savings and didn't pay off outstanding debt because you thought you might need it...that is LITERALLY me hahahaha...call it impulse, but I just bit my tongue and paid off one of my credit cards lol :) I think seeing this video today at 8 pm est was not just a coincidence. Thank you Rose for popping up on my recommendations. The universe works in mysterious ways, I shit you NOT.
I did the same thing! After watching this video I paid off one my student loans ($11k) out of my savings account I've been sitting on. I feel great to see my overall debt amount is lower and can see that end goal of $0 is near.
As soon as I finished watching this video I paid off 3,000 in credit card debt. I've had the extra money in the bank for about a year! now I know it was a huge mistake!!! only 2,500 of credit card debt to go. Thank you!
I’m thinking about doing the same thing.. kind of nervous to use my extra money though 😫😫😫
Yayyy! And she’s back with another banger😍 Never clicked a video so fast✅
I recently decided I'm going to try and pay off my vehicle within the next 12 months. I crunched the numbers and it's very doable in my current financial situation. Once it's paid off I'll be saving $307 every month. I eagerly await the feeling of that debt being off of my shoulders.
First we should pay off debt, then create a safety net by building savings while starting to invest. 👍🏻❤️
I just paid off my debt, best investment ever!
"Over the last decade, almost every type of debt has risen significantly"
*Dave Ramsey intensifies*
I recommend a very good specialist Michael Gibbs who helped me so much to improve my credit score and removed all negative items that I didn’t want. My score was 510 and after 9 days it was boosted to 790. I was very pleased and desire to share this with the world. I was not sure he would actually do it because I have been scammed twice. He told me all I need to do which I humbly did without hesitating in less than a week I saw the miraculous job, I couldn’t believe it. And I got a mail from credit bureau confirming the good job he did. Contact email [Gibbs@creditpatchup.com] Cheers.
I usually pay cash for stuff I buy. however i have quite a bit of debt due to my low income, how is that viewed when applying for a credit card. My credit score is constantly on a roller coaster and now severely suffering because my cousin has not been paying her monthly note as expected and myself has been skipping few bills. I applied for an American Express card, the application was denied. Though I had one many years ago, and I used it to pay my minor expenses on time. This is the second time that I get denied. I have been monitoring my score and now I have My credit score at about 610 but I needed it to be upgraded for a CAR loan, just last month I saw a review on Facebook about this Credit repair Experts who helped a lady to boost her credit score. I took his contact(Mark@creditpatchup.com) and mailed him asking him if he can help me fix my credit, Expectantly it was fixed and raised to 760, still on my way to 800 golden score and all my debts has been rolled out as well all in less than 2 weeks. I urge everyone in need of credit help/advice to look them before giving them a try just like I did.
Thanks, Rose! Just paid off my credit card!
Currently on my journey to becoming debt free! Thank you, Ma'am Rose for always reminding me to be consistent with my goal ☺️🙌
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
Having a plan is key! It helps focus energy. No plan is a plan to fail after all. Great vid!
Yea! So true!
Rose you read my mind! I've been struggling with this topic for a while now and it's awesome that you made a video about it. I kept telling myself that I should pay off debt first but I can't wait to see what you say in this video (I'm commenting before I watch it). Thx for your weekly videos and as always, I'll look forward to your future videos on Wednesday's.
Marth Frost Another way is to increase income and income streams first. Making money comes before paying off debt. Any extra income will help offset any debt no matter how large. I advise anyone to start a side hustle or two. Your job can be your main income generator, while side hustles can be used to pay off debt. Easier than relying on just one income. After debt is paid off, side hustle money can be used to increase investments. And your investment income can be used to pay off rent or mortgage. Better security through working a few income streams than just one.
This was the video I needed to stop hoarding my student loan payment. Thank you 🙏🏽
Great advice... like your content.
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
Honestly thank you for this information. Definitely feel better after knowing of a actual plan I can personally take towards better wealth so thank you again Rose!
Congratulation on becoming debt-free! You deserve it 🙌
Can't tell you how much I appreciate all the knowledge and advices you shared. Getting addicted to listen to your voice too 😄. Thanks Rose!
Great info, I'm kinda new to all this and I felt like I was spreading myself too much trying to invest save and pay off debt. Like you said though the 401k has been a boost. I'm 25 hand have almost 12k in it, not much but enough to get going. Time to get that emergency fund going and pay off that debt hard.
I was steadily paying off debt up until the market crashed a few months ago. At that point, I started throwing ALL extra cash into the market, and I'm glad I did. I've maxed out my 2019 Roth (as you already know 😅), and I'm still investing into 2020, but at a lower rate. I'll be putting more money into my debt now.
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
Congratulations you have 173,000 subscriber, I'm one of them. keep up the great work. God bless stay safe.
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
Those are the steps I took to be debt free, and continue practicing to stay out of debt. Life is so much better without the burden. Listen to this lady. She is giving you a gift!
She gives wonderful insight!
Girl, YOU are the best. Thank you, thank you, thank you for making the videos we all need. Esp. women! I wish I knew these things when I was 18.
For the one step back, I try to think of it like, you're not stepping back, you're setting up for a running star!
I had bad spending habits, the past 6 months, I went on self lockdown (before the country lockdown) and focused on debt and savings. Now I am auto debt free (which would have been finished in 2.5 years on regular monthly payments, I paid a lump sum). I have 10 months of emergency + living expenses fund and just started a Roth IRA with investments in VTSAX. Feeling good RN
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
Wow, Rose. Thank you so much, I really appreciated your critiques in this one. I’ll keep working on it 😤
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
Thanks Rose! I have my car loan left. And this was a question I've been thinking about since I have a Roth IRA and a 403B with my employer. I really want to pay off my car this year!
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
You are the noona that no one wants but everyone needs
Personal finance is just that, personal. Though you do well on showing what some beat practices are, thanks :)
Excellent video! Very important to know what to prioritize over what when it comes to personal finance!
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
Investment is totally not worth it if it's not generating enough profit return. I see no need to invest when the profit turnout over long run is still not enough to cover up for losses
You can actually do both at the same time. With a little capital you can start investing and gradually increase your capital
You just had a wrong view and perspective about investment. Investment can be very profitable if only you get in touch with the right personnel who can help your account portfolio grow effectively
@@saeedomar8304 your point exactly?
I suggest you get an account manager who you could invest with and grow your account effectively
I started investment with my account manager. Experts Mrs Joan Reynolds. And over a short period of time I was able to pay off my dept.
We believe that it is not a cut and dry answer when it comes to the choice of investing or paying off debt. It is based on the individual and the rates that you are paying on your debt. Glad to see a fellow NYU (Columbia undergrad) grad fighting the good fight.
I saw the recommendation of G-hacker and decided to use his services because I was in a terrible position financially, and it turned out to be the best decision I ever made. G-hacker is the only expert I will speak of and recommend to you all I got $15,000 in my Bank account, $10000 in my CASHAPP and $12000 in my PayPal and account after paying the charges for the paypal hack. He also cleared my daughter's credit card debt for free and also funded the credit card, he was the one who also removed past eviction from my daughter's credit report and she was able to apply for a high limit credit card worth $19,000 it got delivered to her believe me and go check him out I assure you of a job done professionally he is the best and only real hacker that can help you become not only financially stable but very rich, mind you HIS SERVICES IS THE BEST IN THE WORLD. Contact him on whats-app or via text +1 (202) 697-7171 or through via (Moneymachine0203@protonmail.ch) Don't forget to thank me, later...
Made my own debt plan. Car will be paid off 19 months early in November. Will start investing in the brokerage account after that and paying more on the mortgage.
I’ll never get out of debt. Can’t even get to the emergency fund step, because it just seems like there is one emergency after the next ...... ughhhh. I’m 51 now and it’s hopeless. I’m only here for my grown kids.... learning soooo much. They ask me for help with 401k and investing, which I really don’t know about. Your videos are awesome and will really help them. I’m so glad my kids are so interested in investing and such at ages 21 and 22!!!!!! I have watched many videos and yours are the best!!!! Thank you for sharing your knowledge.
I'll never understand people who consider a credit card to be their emergency fund. If you don't have $1000 you certainly don't have $1400.
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
A statement i tell people all the time is one You said recently " Pay that shit off ". You will never understand how much your income is until you have no debt. Words my Granddad told me when i was young, " Son count your pennies. Pennies count nickels, nickels count dimes, dimes count quarters, quarters count dollars. If you only count your dollars you will never see the pennies you are loosing". Didn't understand this till i was older but i get it now. Great Vid Rose.
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
Pay off debt first before investing anything.
Totally agree Ling, that is my plan now. Once all debt is paid, use all those funds to invest. Take care, Ling.
Disagree. If you have a mortgage with a tiny interest rate, why pay it off early when you can easily beat the rate in the market?
Did you watch the video at all? She never said that.
I've contemplating of whether to pay off my debts or invest then I bump into this channel anf it totally change my mindset. Thank you for creating this content. It really help me a lot.
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support,account management and how to enroll on the master class inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
Anyone investing right now is definitely on a path to mental breakdown. It’s not as easy as these people claim it is.
I beg to differ. This is the perfect time for investors. Use the volatility to your advantage to earn more. I was this close to ruining my portfolio. Thank you Payden.
For me, as soon as I started getting my returns from my investments under Payden, I went ahead to adjust my portfolio to place larger bets.
I never take the stock market serious. It’s gambling disguised as investing.
The last time the economy got hit badly, Alec made sure I steered the course and benefited from the market crash.
Fabricio Jimenez you can’t put stocks and gambling in the same sentence. If you feel that way about the stock market, then you must have been doing it wrongly.
I just read Rich Dad Poor Dad and Total Money Makeover - this was SO helpful - helps put them both together. Thank you SO SO much.
read millionare fastlane as well:)
The FED "Debt... you ain't see nothing yet" 😂
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
Great video Rose! Trying to pay off this mortgage and car payment in the next 4 years debt free 2024!!!
Call me crazy, but the intro sounded like Rose calling out Graham and Jaspreet. :-)
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support,account management and how to enroll on the master class inbox me privately using a text request to.👇
Plus One*
Eight
One
Three
Seven
Zero
Four
Zero
Seven
Four
Six.
✅✅✅
So glad I stumbled across your channel, Rose! (thanks UA-cam algorithms) I'm 22 and recently started my first full-time job, and I've been binge-watching your videos. They've really inspired me to be more proactive and shrewd about my finances, and I already feel more in control of my life amid all the turbulence happening this year! Going to open a savings account, start building my emergency fund, and tackling my student debt. Thank you!! :D
I felt like you were talking to me
If you can earn a higher return on your investments than the interest on your debt, you should invest. On the other hand, if you're carrying high-interest debt such as credit card debt, it may make more sense to pay off your balance.
I generally love this advice, but given the rising job losses due to COVID-19, why wouldn't you recommend having a larger savings account over throwing money at debt? It seems like a lot of people may end up needing that money for basic living expenses over making more than the minimum payments on loans (agree on having no credit card debt, only what you can pay off immediately).
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
THANK YOU. There's so much advice and information out there and this video really helped clear up what I need to do to get started. Much appreciated!
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
I finally have enough money invested to pay off my debt.
Have you decided on what you are going to invest in?.
Otovbo Runor I should’ve rephrased. I have money invested that has turned profitable. Enough that I can actually pay off debt.
@@elpasomyk
I recommend a very good specialist Michael Gibbs who helped me so much to improve my credit score and removed all negative items that I didn’t want. My score was 510 and after 9 days it was boosted to 790. I was very pleased and desire to share this with the world. I was not sure he would actually do it because I have been scammed twice. He told me all I need to do which I humbly did without hesitating in less than a week I saw the miraculous job, I couldn’t believe it. And I got a mail from credit bureau confirming the good job he did. Contact email [Gibbs@creditpatchup.com] Cheers.
Being debt free would be so great, I need to stop hoarding and get the ball rolling. I always stress between investing and paying off my mortgage as soon as possible. I keep forgetting that if I pay off my mortgage more and more that I will pay less and have more money to put away. Thank you for this nudge in the right direction❤️
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support,account management and how to enroll on the master class inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
My portfolio has grown tremendously, i continue to make huge profit with my broker Mr Paul Stanley
Mr Paul is consistent in making huge profits.
What is the manimum and how can i reach him?
@@jaysoncasper7056
His intriguing strategy cuts down losses and ensures winnings, Mr Paul Stanley is a genius.
I could listen to you all day. Great video. I agree with you 100%
Bitcoin still remains the future,and the best investment to do
Exactly!
Buy Bitcoin today
I think now is the best time to start investing in crypto rn
Yes especially with the current increase
Bitcoin trading is a legit way of making money online
You know honestly, I watched this video as soon as I finished work and sincerely absolutely loved it because I have scouting for getting my debts off and this video was amazing. Seriously good work. Appreciate that you sharing your story. Thanks a ton Rose. Have a good one.
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
I wish you all the best and I hope you all achieve your Dreams!
Mine goal is to rech 250k till end of the year.
Cheers
Jannis Roth - Grow Your Wealth! -
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
"Some people get used to carry debt" that's me. As bad as credit card debt sounds, I have to say thank you to all these credit card companies. Because without them I don't know how to survive all these years. Now that I'm back on my feet I only has about $1000 credit card debt left with zero APR until March 2023. Now I am 100% focus on how to save and invest. Kinda late but you have to start somewhere. I love watching your videos, I even shared it with my kids.
Pay off high interest debt asap. The interest will put you behind every month. I definitely agree with the points you made. I decided to cut back on my IRA temporarily to wipe out my debt first. I should have the CC paid before the end of summer ($4k left)!
There are many good investing and financial channels but you are by far the best.
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
it's always good to stay on track with goals and I'm switching things up due to this video. I'm pay off my smallest debt right now and it feels damn good.
I saw the recommendation of G-hacker and decided to use his services because I was in a terrible position financially, and it turned out to be the best decision I ever made. G-hacker is the only expert I will speak of and recommend to you all I got $15,000 in my Bank account, $10000 in my CASHAPP and $12000 in my PayPal and account after paying the charges for the paypal hack. He also cleared my daughter's credit card debt for free and also funded the credit card, he was the one who also removed past eviction from my daughter's credit report and she was able to apply for a high limit credit card worth $19,000 it got delivered to her believe me and go check him out I assure you of a job done professionally he is the best and only real hacker that can help you become not only financially stable but very rich, mind you HIS SERVICES IS THE BEST IN THE WORLD. Contact him on whats-app or via text +1 (202) 697-7171 or through via (Moneymachine0203@protonmail.ch) Don't forget to thank me, later...
Great stuff Rose. This is practical advice and I'll be applying it to get rid of my $6,000 of debt within a year. Thank you!
Your videos are amazing, thank you so much for what you do!
I followed the "snowball" effect paying down/off credit cards. My personal opinion is to pay down/off the highest interest credit card vs. Smallest amount owed.
It doesnt make sense to pay off a $3,000 w/0% interest cc when you have $1500 w/ 14% interest.
I agree with this, but many people have trouble with math, personal finance, willpower and/or focusing on a plan. If smallest amount to largest helps someone get out of debt, then it is good.
But studies have shown that people feel better when they accomplish a goal. So her advice on paying off the smallest loan the best for a majority of people but mathematically, high interest loans should be the main focus. I guess Rose is a realist and knows what trips up people in real life
Agreed . That’s why I don’t agree with Dave Ramsey on that even though I understand the why behind it .
Best finance channel on UA-cam!
Thank you so much for this Rose! This really has helped put things in order for myself! Much appreciated!
I love your financial advice Rose. Thanks for sharing this!!
Great Advise Rose, Thank You. Dave Ramsey also gives the same advise too along with his baby steps program . I look forward to many more of your video's.
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅.
ive sent an entire day watching your videos!!! this year has been rough, but im finally finding a footing and income!! im in a pretty good situation and i feel itll be easy to get out of debt and then start investing after listening to you!!! so happy to have learned about betterment. excited they do checking as well bc i have been looking for a new bank!!! thanks for all your research, pdfs, and insight!!
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
I’m so glad I found your channel. I am new to investing and need lots of advice, and your videos have been great! This is such a strange time (2020) to be investing. I sure appreciate your help. Thanks!
I have taken my time to read several reviews and decided to do some investigation about some of them; I can strongly say that Michael Gibbs is the right person to work with. He is the best and really good in boosting credit score and increasing credit card limit. He helped me increase my credit score to +800 (excellent) and increased my two credit card limit to $19,200 in less than 10 days. He also helped erase all negative items on my credit report within few days, His works are fast and affordable compare to others. Email him directly today 'Gibbs@creditpatchup.com' if you desire an excellent credit score in this pandemic year. LOL!
Rose this channel is awesome thank you so much for teaching us. Deserves millions of subscribers!
Thank you so much 😀
So true! These steps helped me achieve financial independence!
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
Thank you, seriously, thank you! These were the things I needed to hear and I am so glad to have found your channel!
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*.
✅✅
Great video. Thanks for showing the bank rate calculator. It is incredibly useful
This video is great and definitely what I needed. Trying to juggle too many things at once but I really want to be debt free
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
Thanks for this! I’ve been delaying on paying off my debt in regards to school loans, even during this pandemic! Didn’t pay anything towards it since it’s been paused! Time to destroy it before investing in stocks/index funds/ETFs again
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support,account management and how to enroll on the master class inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
Was hoping for some discussion at least regarding the interest rate and at what point it makes more sense to divert money to a Roth IRA/401k rather than pay down.
Very informative. Well-spoken and with solid advice to boot.
People around 18 would benefit the most from this, but anyone can follow this and see better days.
On a side note Rose, I think something nice for your videos would be to add a piece of light background music under you're speaking as some other channels do. would make for a nice experience.
Subscribed.
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
Another great video. It really helps :) Always assures my decisions or gives amazing advice!
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
OMG! I did the same thing! Sitting on money instead of paying my loans! I thought I was the only one. Thank you!
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support,account management and how to enroll on the master class inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
WTHeck! I just asked this question in the comments of one of your other videos about 30mins ago!😳
She's quick!
I asked her first! 😂
Great information! I'm at the debt-free stage, and you are right it does feel great. Looking forward to your next week's video. Two thumbs up.
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
I paid off my two highest interest student loans in early March and it felt good. Now I have one loan left which should take 18-24 months!
Awesome!
I disagree with the 5th. It is actually financially smarter to pay off first not the smallest, but the one that has the biggest interest percentage. This way you pay less in interest
I wouldn’t even worry about the emergency fund until after the credit card debt is paid off. You could use that $1,000 to pay off a good chunk and reduce your interest a good bit thus also giving you extra money each month. Granted this requires some self control but if you really need to you can just use your credit card as an emergency fund. In the meantime you’re saving money by reducing interest
The recap was great Rose. Thanks!
Thanks Rose - I had a video on this when assessing mortgage debt, and whilst some advocate paying the small debt first.. I still feel that if you are on a path to pay down debt then paying off the highest interest rate debt first is the cheapest way to reduce the debt... but your point about focus is very well received :)
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
Thanks you to Rose 🌹 and Congratulations to Rose 🌹
Another great video Rose. I'll be following these tips diligently
Thanks for watching.!
The support is very much appreciated.
For more guidance on stocks to invest in, clearification tips, support and account management inbox me privately using a text request to.👇
Plus One* Eight* One* Three* Seven* Zero* Four* Zero* Seven* Four* Six*
✅✅
Great advice Rose. However I feel time is not on my side. My finances would be in order if my daughter and grandkids had not moved in with me, I have to years to retire. I wish I could turn back the hands of time and get a fresh start. My daughter lost her job during the pandemic so a lot of the responsibility falls on me. I hope there is a light at the end of the tunnel. I just scaled back on my 401K contribution from 13% to around half of that. Don’t know if that was a wise thing to do. Rather than being extra income on my check it will probably get taxed.