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Invest or Pay Off Debt - Hustle to Financial Freedom
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Invest or Pay Off Debt

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http://traffic.libsyn.com/financialfreedomcommunity/AJ_023.mp3

  • Episode Originally Posted:
  • February 14, 2018

Timeline:

  • 01:14 – My fiancé and I are getting married in December and we are still short $7,000. We make $80,000 per year and our expenses are $1,500 per month including $600 for rent and $500 for a car payment. How can we get the money we need?
  • 05:29 – My employer won’t pay overtime and requires us to clock out and work off the clock. Is this legal?
  • 09:05 – I currently have $18,000 in savings with an interest rate of 1.5% and $7,000 in the stock market making an average of 5% each year. I also have $13,000 in student loans that have an interest rate of 5%. Should I pay off my debt now or keep the money in the stock market and pay off my loans over time?

Resources & Links:

  • MoneySmarts 004: Creating a Zero-Sum Budget
  • Wage and Hour Division – United States Department of Labor
  • Email your questions to askjoel@hustletofinancialfreedom.com
  • Financial Freedom Community

*Intro and outro music is provided by Michael Cat Audio

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Hustle to Financial Freedom helps individuals and families gain clarity with their finances and assist them on their journey towards financial freedom and building their own business.

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