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You DON'T Need to Be "Debt-Free" to Reach FIRE

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Manage episode 515363360 series 2566047
Content provided by BiggerPockets. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BiggerPockets or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Should you pay off all your debt before investing? Or is that costing you years of financial freedom?

In this episode, we're tackling the debate that divides the FIRE community: aggressive debt payoff versus strategic debt management. We break down two real case studies to show you exactly when to prioritize debt payoff and when to invest alongside debt. You'll discover:

  • The interest rate threshold where investing beats debt payoff (and why it matters)

  • Student loan strategies that most people get completely wrong

  • How to calculate whether you should pay off debt or invest

  • Two detailed case studies with specific recommendations you can apply to your situation

This isn't about telling you debt is good or bad—it's about giving you the framework to make the right decision for YOUR financial situation. Whether you're drowning in debt or debt-free and wondering if you made the right call, this episode will change how you think about the relationship between debt and building wealth.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

697 episodes

Artwork
iconShare
 
Manage episode 515363360 series 2566047
Content provided by BiggerPockets. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BiggerPockets or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Should you pay off all your debt before investing? Or is that costing you years of financial freedom?

In this episode, we're tackling the debate that divides the FIRE community: aggressive debt payoff versus strategic debt management. We break down two real case studies to show you exactly when to prioritize debt payoff and when to invest alongside debt. You'll discover:

  • The interest rate threshold where investing beats debt payoff (and why it matters)

  • Student loan strategies that most people get completely wrong

  • How to calculate whether you should pay off debt or invest

  • Two detailed case studies with specific recommendations you can apply to your situation

This isn't about telling you debt is good or bad—it's about giving you the framework to make the right decision for YOUR financial situation. Whether you're drowning in debt or debt-free and wondering if you made the right call, this episode will change how you think about the relationship between debt and building wealth.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

697 episodes

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