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2232: What Comes First: Saving, Investing, or Paying off Debt by Erik Carter with Financial Finesse

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Contenuto fornito da Optimal Living Daily LLC and Optimal Living Daily | Greg Audino. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Optimal Living Daily LLC and Optimal Living Daily | Greg Audino o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 2232:

Erik Carter outlines key priorities for managing personal finances, emphasizing the importance of establishing an emergency fund first, taking advantage of employer retirement matches, and paying off high-interest debt. He offers a clear roadmap to balance saving, investing, and debt repayment for optimal financial health.

Read along with the original article(s) here: https://www.financialfinesse.com/2013/06/06/what-comes-first-saving-investing-or-paying-off-debt/

Quotes to ponder:

"Building an emergency fund should be your first priority but how much is enough? Experts suggest having anywhere from at least $1k to 3-12 months of necessary expenses."

"If you get a match in your employer’s retirement plan, this should be your next priority. Otherwise, you’re leaving free money on the table."

"Credit card rates are typically much higher than any investment returns, so pay them off before investing, starting with the highest interest balances."

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

  continue reading

2897 episodi

Artwork
iconCondividi
 
Manage episode 427623582 series 1425300
Contenuto fornito da Optimal Living Daily LLC and Optimal Living Daily | Greg Audino. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Optimal Living Daily LLC and Optimal Living Daily | Greg Audino o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 2232:

Erik Carter outlines key priorities for managing personal finances, emphasizing the importance of establishing an emergency fund first, taking advantage of employer retirement matches, and paying off high-interest debt. He offers a clear roadmap to balance saving, investing, and debt repayment for optimal financial health.

Read along with the original article(s) here: https://www.financialfinesse.com/2013/06/06/what-comes-first-saving-investing-or-paying-off-debt/

Quotes to ponder:

"Building an emergency fund should be your first priority but how much is enough? Experts suggest having anywhere from at least $1k to 3-12 months of necessary expenses."

"If you get a match in your employer’s retirement plan, this should be your next priority. Otherwise, you’re leaving free money on the table."

"Credit card rates are typically much higher than any investment returns, so pay them off before investing, starting with the highest interest balances."

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

  continue reading

2897 episodi

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