Should I Invest, Pay Down Debt or Save?

About this episode

Sim provides a clear plan for managing a lump sum of money, focusing on debt, savings, and investment strategies.

This week, Sim breaks down exactly what to do when you come into a lump sum of money, from a $10,000 bonus to a $40,000 windfall, using her simple decision matrix. She covers the order of operations for tackling high interest debt, building a three to six month emergency fund, and deciding when to invest so you can feel confident you are making a smart move. If you have been wondering whether to pay down debt or invest, this episode gives you a clear plan to protect your future and stop feeling overwhelmed. Watch the episode on Youtube here For more Friends That Invest: Stock Market Tea newsletter : build financial freedom in under 5 minutes a week. Join 115,000+ investors in training. Instagram TikTok Twitter Facebook Hosted on Acast. See acast.com/privacy for more information.

People in this episode

Host: Sim

Topics covered

• investing
• debt management
• financial planning
• emergency fund
• decision matrix

Keywords

• invest
• debt
• savings
• financial freedom
• emergency fund
• decision matrix

Mentioned in this episode

Organizations: Friends That Invest, Youtube, Stock Market Tea, Instagram, TikTok, Twitter, Facebook, Acast

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