Pay Down Debt or Save More Money?
Is it better to aggressively pay down debt or just make the minimum payments and save/invest your money instead?
This personal finance topic is constantly debated. There's no one size fits all answer because everyone's situation is different. However, there are some important considerations to be made when deciding to pay down debt or save the money instead.
In this week's video, Casey explains what YOU NEED to pay attention when making this decision for yourself. Tune in if this is something you struggle with.
#personalfinance #investing #debt
0:26 - Pay down debt
1:07 - What's the interest rate?
1:44 - Return vs. Interest
2:37 - You can do both
2:56 - Increasing your net worth
3:24 - What you own - what you owe
Mullooly Asset Management is a fee-only investment advisory firm located in Monmouth County, NJ. We work to educate our clients regarding managing the risk in their investments.
Tom Mullooly is an investment industry veteran of over 30 years. Prior to launching the "Mullooly Asset Show," Tom (along with his sons) recorded close to 200 podcasts and nearly 200 videos, which can be found on the site http://www.mullooly.net.
The "Mullooly Asset Show" is a new chapter in furthering the education of investors young and old. We answer questions and cover topics that YOU bring up. Our topics and questions range from those brought up by clients to those sent in by our viewers.
Get in touch with us here:
Office: 1971 State Route 34 Wall Township, New Jersey 07719
Website: http://www.mullooly.net
Facebook: www.facebook.com/MulloolyAsset
Twitter: / mulloolyasset
LinkedIn: / mullooly
Email: [email protected]
None of the content on our videos, podcasts, website or social media should ever be considered to be investment advice, financial planning advice or a recommendation to buy or sell investments. Nor should our content be considered research. Please our website for complete details.
This video is not a recommendation to buy or sell any of the investments mentioned. None of the securities mentioned in this video represent past specific recommendations of Mullooly Asset Management.
We rely on fundamental and technical analysis. Neither fundamental or technical analysis can predict the future, both methods have flaws. Past performance is no guarantee of future outcomes.
Our Point & Figure charts are provided by our good friends at Dorsey Wright & Associates.
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