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

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Content provided by Optimal Living Daily LLC and Optimal Living Daily | Greg Audino. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Greg Audino 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://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

2474 episodes

Artwork
iconShare
 
Manage episode 427623578 series 2334874
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Greg Audino. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Greg Audino 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://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

2474 episodes

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