Do you find yourself more inclined to invest your money first, then pay off debt, or vice versa?
My philosophy has always been to pay off the debt first, then invest the money. I know that many of you subscribe to the idea that if you can earn more interest investing the money than the interest you pay on the debt, then it makes sense to invest the money. However, many of you don’t factor in inflation and taxes when comparing the return on your money to the interest on the debt. It’s something to think about, but I thought that I would re-open the debate about paying off debt versus investing.