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Reasons to pay off debts before investing
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[QUOTE="Yusra3, post: 305698, member: 31907"] There are several reasons to pay off your debt before you invest. The first is that paying off your debts will help you save money for retirement. You can also reduce the amount of interest you have to pay and lower your monthly payments. The second reason is that paying off your debts will give you more time to focus on investing in stocks, bonds, and other types of investments. If you have a lot of debt and don't have the time or energy to focus on investing, then it may be better to invest after paying off your debts. Finally, having less debt means that you'll have fewer payments to make each month. Having less payments means that you'll have more money available for other expenses like groceries or gas. [/QUOTE]
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