FMOOD 0048: Pay off Debt or Save for Retirement? - a podcast by Tom Merlino | Tom is inviting you to follow him on his journey to get out of debt and get into prosperity.
from 2017-02-02T07:00
It's a question that will come up at some point along your journey towards getting out of debt: do you continue saving for retirement (or start saving for retirement) before you are completely out of debt?
There are several schools of thought on this. I'll discuss the main ones and will discuss how I personally feel about this topic. The final decision that you make on this will be based on several factors. The first thing is to be honest with yourself and consider your behavior, how focused you are when you are trying to accomplish a goal, and whether or not you will be a disciplined saver when the time comes to set your focus on your retirement.
I'll also discuss other factors that will help you to make an informed decision on this topic for yourself. There is no cookie-cutter approach when it comes to personal finance; however, you do want to make an educated choice when you stop to consider this and how it may factor in to your overall financial picture.
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