Do you pay off debt or invest first?

[freelancermaria]

High-interest debt often motivates people to pay it off first. In contrast, you can balance both if your investment yields surpass your debt's interest payments. Prioritizing emergency savings and debt avoidance is essential when investing. What are your thoughts?

 

[eLdavis]

If i have debts to pay, i would rather pay it off first before anything else, so i can have peace of mind to do anything else.

 

[Suba]

It is impossible for investment returns to exceed bank loan interest, unless you invest in high-risk instruments such as stocks and crypto, so you should pay off your debts first before deciding to invest and it is highly recommended to invest only with idle money.

 

[Springtime]

If I have debts, I think I'll pay off the debts first. The loan interest is usually higher than your return on investment unless you go for high-risk investment. But then you may take the risk of losing in your investment. If that happens, you have debts which need to pay off but you may not have enough money due to the loss in your investment.

 

[Kross]

I don't joke with my peace of mind. I pay off debts first so that I can get my peace of mind rather than investing.

 

[Trush Jodie]

I won't even think twice about it. I would pay off debts first. I don't want to risk it with investment and might lose to still be in debts.