20: Why You Should Start Investing Before You’re Debt Free

<p>🎙 Popular advice will tell you to pay off your debt first before you start investing. But following that advice means that you could be leaving tens of thousands of dollars on the table when it comes time to retire. It’s important to set a solid financial foundation before you start investing. You need to learn how to manage the money you already have before you start making more. But that doesn’t mean you need to follow outdated and unhelpful (and often expensive) advice. But then, what comes first? 🤔</p> <h4>This episode discusses topics like:</h4> <p>🌟 What your #1 financial priority needs to be regardless of the current state of your finances;</p> <p>🌟 Why you need to start investing before you become debt free and why the popular advice about this from Dave Ramsey is so wrong; and</p> <p>🌟 How to start investing when you still have debt, and how to become totally debt free.</p> <h4>Links from this episode:</h4> <p>Episode transcript & show notes: <a href= "https://www.papermoneyco.com/20-save-debt-invest-first">https://www.papermoneyco.com/20-save-debt-invest-first</a></p> <p>Dave Ramsey’s Baby Steps: <a href= "https://www.ramseysolutions.com/dave-ramsey-7-baby-steps">https://www.ramseysolutions.com/dave-ramsey-7-baby-steps</a></p> <h4>Time codes:</h4> <p>00:00 Hello & Welcome! - <a href= "https://www.papermoneyco.com">https://www.papermoneyco.com</a></p> <p>02:44 Common Advice About Saving, Debt & Retirement From Dave Ramsey</p> <p>11:48 Should You Save, Pay Off Debt or Invest First?</p> <p>20:46 Next Weeks’ Episode</p> <h4>Remember to:</h4> <p>Join our exclusive community by becoming a Patron: <a href= "https://www.patreon.com/girlonfirepodcast">https://www.patreon.com/girlonfirepodcast</a></p> <p>🤩 Subscribe so you don’t miss any future episodes.</p> <p>🏆 Rate and review the show on Apple Podcasts: <a href= "https://www.papermoneyco.com/podcastreview">https://www.papermoneyco.com/podcastreview</a></p> <p>Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more