Investing VS Paying Off Debt VS Saving： Optimal Order Explained

#investing #saving Investing VS Paying Off Debt VS Saving: Optimal Order Explained So you’ve got some money...How do you know whether you should invest it, save it, or use it to pay off debt like a mortgage or credit card? I’m going to show you my simple 3-step formula for answering that question and take you through some real-life examples, like buying a house in cash vs. paying an 8% mortgage. 00:00 Intro 00:17 Step 1 Consider Interest Rates 1:51 Step 2 How Sure Am I About Getting Each Interest Rate? 5:53 Step 3 Am I Comfortable With My Savings? 7:13 BONUS Tip! #saving #investing Disclaimer: Not Financial Advice The content provided on this channel, "Fundamentals of Finance," is for informational and educational purposes only. The information shared is not intended to be, and does not constitute, financial advice, investment advice, trading advice, or any other advice. You should not make any decision, financial, investment, trading, or otherwise, based on any of the information presented in this channel without undertaking independent due diligence and consultation with a professional broker or financial advisory. The opinions expressed in this channel are those of the authors and do not necessarily reflect the views of any sponsors or affiliated parties. Any financial decision you make is at your own risk. "Fundamentals of Finance" will not be held liable for any losses or damages incurred as a result of your reliance on information provided on this channel. Remember to always do your own research and consult with a qualified financial advisor before making any financial decisions.