Should we pay off debt first before investing?

[Suba]

We live in constant contact with debt, be it short-term debt such as accounts payable, credit cards etc., we are also often involved with long-term debt such as credit for buying a car with a tenor of 3 years or buying property mortgages with a tenor of 5 to 10 years. still have debt both short term and long term so our minds will always be divided between debt and investment or not focused. What is your opinion?

 

[relcap23]

We must be vigilant at managing our finances. If there are investment opportunities we cannot always wait to pay off our existing debts before venturing into business. Good investment will even help out in paying off previous obligation.

 

[Stardom22]

For me I would prefer paying off the debts and be a debt free person before I can invest and move on with the life like making investments and doing businesses .

 

[Bisolami]

We live in constant contact with debt, be it short-term debt such as accounts payable, credit cards etc., we are also often involved with long-term debt such as credit for buying a car with a tenor of 3 years or buying property mortgages with a tenor of 5 to 10 years. still have debt both short term and long term so our minds will always be divided between debt and investment or not focused. What is your opinion?

It is not necessary to pay off your debt before investing but it is always good to be free of debt

 

[eldavis]

I believe this should be the best thing to do. You investing does not guarantee that it would be profitable. Though we do not pray for this but some investments do not give the desired results.

 

[astutimeliana723]

For me I would prefer paying off the debts and be a debt free person before I can invest and move on with the life like making investments and doing businesses .

That's right I totally agree with you, I prefer to pay off debt before deciding to invest. Because for me investments are made when I have financial leeway, if I'm still barely able then I will not choose investment but prefer to save or develop business capital. For me business is different from investment.

 

[Stardom22]

I think it's the best thing for one to make sure that they cleared their debts before they can make the investment with respect to the investment portfolio they intend to do.

 

[Phavee]

I think paying off debt before investment is the right thing to do. With that you can have a free mind on investing, some people barely have a free mind when they're on debt so paying off debt before investment is better than investing before paying off debt.

 

[cherry123]

it depends on the creditor if the person isn't putting pressure then you should just to for the investment provided it will yield you profit to make the payment later

 

[Springtime]

I never borrow money except I use credit card for cashback. I always pay my credit card bill on time. Never paid any interest and penalty. Meanwhile, I do buy stocks if I think the price is right.

 

[Ratine]

I think it's very advisable to pay off all our debts before making investments. Investing should be done with our own money.

 

[Shavkat]

It is ideal to pay the debts first before investing. We cannot afford having a lot of liabilities in business.

 

[nomad]

It really depends on how much debts you have and how much interest you are paying.

 

[Ofonime]

We need to pay off debt before we operate any business this will ensure the safety of your fund because now you will be debt free