Should You Pay Off Debt Or Invest

Should you pay off debt or invest?
This is a question that many people face everyday. Instead of providing a complicated mathematical explanation telling you which is best, it truly does depend on your life situation and tolerance for risk.
Knowing how to answer the “should I pay off debt or invest” issue comes down to asking yourself a few simple questions, which I go over in this video.
Most people know themselves and their behaviors/tendencies, which will dictate how a big part of this strategy is actually implemented.
I try to explain how time in the market, tolerance for risk/debt, knowledge, and having a good safety net to start investing come into play.
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ABOUT ME 👇
My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.
This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.
Subscribe if you are interested in:
#Investing
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.

[@WhiteBoardFinance]

*Let me know if you prefer to pay off debt or throw more money into investing? Thanks for watching and give the video a thumbs up!*

[@cheyenne3882]

When the employer matches up to 5% it’s too good to pass up

[@marcricker2570]

I prefer to pay off debt.

[@shannongiuffre3478]

Pay off debt

[@jk4794]

invest

[@camaraderie6]

Hi Marko, this is Tom. First of all I give you a big thumbs up for all your videos. Regarding to your question if there is a debt I would prefer to add something extra maybe at least 10-20% on top of the monthly payment to decrease the APR ratio as quick as possible and the rest of the money on savings/emergency fund and investments. Off course everything depends on monthly income if flexible or not but if fixed rate than make it flexible using some other income options with “side” jobs like uber driver, valet etc...

[@benbabcock3818]

Debt free living leaves you with many more options and way less stress imo

[@WhiteBoardFinance]

agreed!

[@jahsonharris713]

Sooo much less stress bro.

[@mrpmj00]

@@WhiteBoardFinance 36 thumbs up for Ben and 686 for Marko are a lot, but that's why most people are NOT the top 8% net worth.

[@steveday5038]

@@WhiteBoardFinance just sold my house(stressor), used the money to pay off cars, also bought a triplex, less stress lol.

[@beastydude123]

Must be nice. Really feel bad for the suckers at university from here onward. Way too expensive, the risk vs. reward is just not there anymore. Get your degree online, kids.

[@harrisonmichael5047]

I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this.

[@raychristopher7797]

I understand that tomorrow isn't promised to anyone, but investing today is hard for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.?

[@harrisonmichael5047]

@@raychristopher7797 I invest across the top markets but not by myself though. I follow the guidelines of *PRISCILLA DIANE AIVAZIAN* . you might have heard of her. I can correctly say she's worth her salt as an investment advisor as her diversification skills is top-notch, I say this because I see that in her results as my portfolio grows by averages of 20 to 3O% every month, unlike I can say for my IRA which has just been trudging along. my portfolio just mirrors what she places and not just on some particular industries of my choosing. she gave me that financial freedom I needed

[@raychristopher7797]

@@harrisonmichael5047 That’s great, your investment advisor must be really good, I have seen testimonies of people using the help of investment advisors in making them more financially stable. Do you mind sharing more info on this person?

[@harrisonmichael5047]

@@raychristopher7797 look her up on the internet with her name. she's quite popular for her services as she was recently featured on CNN. She can work with anyone irrespective of where you're located

[@raychristopher7797]

@@harrisonmichael5047 I just looked up this person out of curiosity; surprisingly, she seems proficient. I thought this was just some overrated BS, I appreciate this.

[@insure4cheap]

The primary goal should be to pay down your debt first, not for credit reasons, not for investment reasons, but for controlling your life reasons. When you get a chance to walk the earth knowing you don’t owe anyone anything, that’s freedom!!! 🤷🏾‍♂️✊🏾

[@MrMiniPancakes]

Wrong

[@MrGrenade121]

@@MrMiniPancakes No your wrong

[@captainsoi]

@@MrGrenade121 *you're wrong

[@socratease4645]

Look, I know that I can pay for my house mortgage three times over. So no, I have a mortgage, I feel free.

[@zyilund]

I pay 80% into debt and 20% into investment.

[@travolous]

I love that Marko talks like he's having an actual conversation, not like every other KZbinr who can't figure out how to talk normal when the camera is recording.

[@aleemkarimi948]

This is my second video, you are spot on, he really knows the way of how to interact on you tube !!’ 👍🏻

[@josephboamah3755]

This is so true bro

[@veramonique1724]

Investing in the stock market is the most common way for beginners to gain investment experience.

[@samuelreyes7156]

The decision to invest is an acknowledgement that it comes with certain risks. Not all investments will do well and some may lose money. However, without risk, there would be no opportunity to potentially earn the higher returns that can help you grow your wealth.

[@danieljamal3709]

To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal.

[@veramonique1724]

Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline. Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey.

[@devdaniel3225]

who would you endorse ? I've have been in the shadows for too long

[@veramonique1724]

*PRISCILLA DIANE AIVAZIAN* is an expert who does the heavy lifting for me, she makes stock research and adds my portfolio with stocks for monthly and yearly earnings.

[@batman9512]

Minimal to no debt changes how you approach job interviews. It becomes more of a conversation than an interrogation.

[@mfgunit]

You interview the job, the job does not interview you.

[@Mike-op5us]

Absolutely true..i moved to another country with no education and still managed to think that way..got hired as a assistant manager in a restaurant..then I quit..got hired again in the quality department of a big marketing company..then I quit again and now work as a sales manager..no degree nothing...all about motivation and how you truly look at things

[@bradvincet1848]

People who are in debt always show their cards by being job-scared.

[@LiamR90]

Don't bite off more that you can chew. Get rid of the weeds before you start planting.

[@iamirish4361]

Being debt free is a tremendous feeling. I wish I had invested when I was younger. We never think we have the money then, and there was no financial education provided in school. We need to learn this as teens, and no later, when time is on our side. Marko, you would be excellent at directly teaching young people about finances.

[@MarcusFred-wn3iv]

After a terrible 2022, shell-shocked financial backers have a lot to think about and losses to recover from. An expansion report and a wealth of other data did little to alter assumptions that the Central bank would likely keep raising interest rates regardless of whether the economy slows down. This implies that portfolios will experience more losses during the first quarter of 2023. I'm currently at a crossroads deciding whether to exchange my $250k security/stock portfolio; how might the continuous market volatility work to my advantage?

[@BrunoLuke]

Concentrate on two main objectives. First and foremost, keep yourself safe by knowing when to sell stocks to reduce losses and maximize gains. Second, prepare yourself to gain from a market turnaround. I advise you to seek the advice of a representative or financial counselor

[@MarcusFred-wn3iv]

@@BrunoLuke In fact, ever since Coronavirus, I've been in regular communication with financial examiners. Nowadays, buying moving stocks is quite easy; the trick is knowing when to buy and when to sell. The section and leave orders for my portfolio are made by my counsel. accumulated more than $550,000 from a $150,000 savings that was initially stale.

[@BrunoLuke]

@@MarcusFred-wn3iv Please provide the information for your investment advisor here. I really need it now.

[@MarcusFred-wn3iv]

@@BrunoLuke She is KRISTIN GAIL CUNNINGHAM , my consultant. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about the chief online, on the off chance that you're interested. I made no regrets about substantially adhering to their exchange strategy.

[@BrunoLuke]

@@MarcusFred-wn3iv sincerely thank you I looked her up on the internet and was awestruck by how qualified she was; I contacted her since I need all the help I can get with canning. I've just scheduled a call.

[@RealLifeMoney]

*I believe paying off debt should be the primary focus. The interest rates are usually higher so theres a better return right there. But also do to the fact that the money you save is guaranteed because you pay it off, risk free. Once debts decrease cashflow increases and that increase in cashflow can be used for much larger things in life.*

[@WhiteBoardFinance]

Agreed, thanks!

[@TRLgoodvibesdotcom]

Larger like what? After paying off the house what’s left? Saving for retirement? Boooo-riiiing.

[@Trplr4life]

@@TRLgoodvibesdotcom going on trips, buying higher quality items, helping people out, etc. There's a ton you can do once your debt is paid off

[@TRLgoodvibesdotcom]

Coulson Thomas yeah I think helping others is kinda new to me but thats the best. Sad that it took so long for me to think about it. I just loaned my sister to 12k to pay off her cc debt immediately. I always tipped big because i grew up working a tip reliant job, but now i tip psycho fat. Ill keep my eyes open for more opportunities to help those in need. ✌🏼🕊

[@andre3k658]

What if I have 0% interest on my car?

[@MrJayk786]

Clearing debt especially costly ones like credit card debts is a priority. Once the high cost debt is cleared then a combo of clearing remaining debt and invest as well is what I think is the way to go.

[@cokemachine62590]

“Personal finance is financial and it’s personal.” Mind blown 😂 Just poking fun, love your content man!

[@WhiteBoardFinance]

water is wet 😀 lol

[@brandonwojcik9508]

I wish I had known this sooner! They never taught us such things in school! Lol! 😄

[@ktriebol]

I say pay off debt first just for the peace of mind. What if you decide to invest while you still have debt, and the investment goes bad (like it will do from time to time). Then you lost your free cash and you still have the debt.

[@sheribrooks8205]

This reasoning is so simple and sound; I plan to discuss this with the spouse. If he listens, we can hit my goals faster; if not, it'll take 3 extra months. I say MY goals because debt doesn't bother him like it does me.

[@NateOBrien]

Illustrations on point

[@WhiteBoardFinance]

Marko Van Gogh

[@fredbecker607]

Being retired and no house payment is great. Used small part of 401k to pay off the balance. Now just living off retirement and watching 401k grow.

[@WhiteBoardFinance]

nice!

[@TheChrisChannel1000]

Fred Becker how do you open a 401k

[@510jesus]

I believe the rule of thumb is: If your interest rate is higher than 5% then definitely pay that off first

[@WhiteBoardFinance]

agreed

[@elle_aire4789]

Mine is 17.99% and I wanted a direct answer like this. Thank you

[@510jesus]

@@elle_aire4789 that's a criminal interest rate. You should definitely pay that off ASAP

[@elle_aire4789]

@@510jesus lmao I totally agree

[@jerseygurl63]

Marko, I've watched three of your videos so far and they have really helped me to feel some relief from what I am going through right now. Even though you are talking to a camera, I do feel like you are talking to just me but at the same time I feel like I am not the only person experiencing financial difficulty. Your videos make me feel empowered, like I can tackle my problems, and there's a way out. Thank you!

[@anonymousfinance-subcribe5268]

If your loan payments are 600 it’s really more like 800 because of taxes I would say pay them off first because the stock market returns aren’t guaranteed! By paying off debt you get immediate return

[@ericmlcoch3434]

I was just thinking of requesting this video from your channel! I'm glad you beat me to it. I've crunched the student loan vs 401k numbers every year and found my balance. Able to do both for now with an aggressive plan on the student loans. This video kept me grounded and focused on the debt free life!

[@LouisJanYoung]

Live debt free. Gives you many more options in life. Remember, when you invest in the market, there's always a possibility that your money can lose value. Best to set a budget, live within your means and be debt free. It's very liberating!

[@jz4461]

Your statement about losing money depends on time in the market. Might be fairly likely if you invest for a year, but highly unlikely if you invest for 5+ years.

[@XxChuyoxX]

Louis Young Holding onto cash for too long is much worse. It will lose value much faster.

[@storypunman]

You should pay off debt first unless you actually know anything about investing. If you have to invest with a company then you will likely get a crap rate of return. Pay off debt while you learn to invest yourself. Learn the right way, then learn Options, that is where you will really start making money. Derivatives is the way to go, takes a while to learn, but will pay off.

[@lography6917]

"The economy we may be entering" damn, this is very on point today - I bet people without mortgages were happy they made the decision to pay off debt before the pandemic happened

[@dushennagesur9350]

Similar philosophy to Dave Ramsey- paying off debt has huge mental benefits

[@WhiteBoardFinance]

agreed sometimes numbers don't tell the whole story

[@PAPERCHASERCH47]

Well this answered my questions. I'm just now getting into the investment game but I got to pay off some debt first before I go all the way in. Amazing video!

[@AverageJoeInvestor]

*GREAT VIDEO MARKO* | Putting the math aside, the other consideration HAS TO BE how debt makes you feel...if it is a 50 lb weight on your shoulders and keeps you up at night, maybe it’s best to GET RID OF THE DEBT. Personal Finance is more than just math, it’s mental as well. GREAT VIDEO MARKO! 😎👍🏻

[@WhiteBoardFinance]

Thank you and agreed

[@LadyR489]

Average Joe on Money well put

[@calvinraab8798]

Love how it comes down to basic mathematic principles. Allows you to take your emotions out of it and make smarter decisions.

[@WhiteBoardFinance]

yup

[@najeebammarharb853]

I would say Invest!. Because by investing you end up paying off debts and still keep getting returns from your investment but it solely depends on the kind of investment you initiated. On the otherhand if you pay off debts first you end up with nothing....💯

[@coachkarenjohnson6515]

I totally agree to this. I have always recognized Investing as the only key to success....

[@momof3982]

Hello Simon. Please what type of investment is recommendable for a low income person(long term investment), with the best returns.

[@martinherbert3039]

Yes Investing ensures present and future long-term financial security. The money generated from your investments can provide financial security and income.

[@najeebammarharb853]

Sophia The most common and arguably most beneficial place for an investor to put their money is into the stock market. ... Investment Bonds. ... Forex Market...... Mutual Funds. ...,

[@salvadorcosta4364]

Forex is a very strong investment, in forex trading, a small deposit can controI a much Iarger total contract value. Leverage gives the trader the ability to make nice profits, and at the same time keep risk capitaI to a minimum.

[@jackwyatt9649]

The best way to find that balance between saving and living is by investing.. Anyone who intend on achieving financial freedom and early retirement should take good advantage of the stock market and the crypto market

[@whatsthesitch4983]

I loved this video! You are literally all I watch on KZbin now lol. Keep up the good work man🙏🏻

[@WhiteBoardFinance]

thank you!

[@DanielIles]

Completely depends on the debt. Debt that you can’t kill with bankruptcy like student loans or IRS debt. That should probably come first.

[@DanielIles]

Tyrone Jackson IRS debt for payroll taxes doesn’t either

[@marketmaestro4089]

Love not having debt. Can't beat it.

[@WhiteBoardFinance]

same

[@JoshuaMackos]

Yeah too many finance channels take it to interest rates and do what's going to get you the best ROI. But really if you got bad debt (student loan, car loan, credit card, payday loan). I'd say kill those first no matter what then start investing

[@WhiteBoardFinance]

Agreed. Knock it out early then chill

[@alantinoalantonio]

Not if you owe 100k plus in student debt. You gotta do both bit by bit.

[@JoshuaMackos]

@@alantinoalantonio I had 100k in student loan debt. Paid 80k of it off over the last 12 months by making very intentional decisions. You do not need to sacrifice years of compounding investments by just getting intentional and killing that debt asap

[@Koushi82]

@@JoshuaMackos depends on interest. I'd say get the 100% match and call it then put everything in student loans if the interest are pretty close or higher than returns.

[@eezy251able]

Mortgage is not bad debt. You're buying an asset not to mention security.

[@WendellLive]

Marko, I love your style. I’m over 60 and while I’m not as knowledgeable as you and can’t explain things like you, I know most of the concepts you discuss. But, your style makes me feel like we are friends and just talking about stuff. I so enjoy watching your channel. Keep going with your channel.

[@WhiteBoardFinance]

lol thank you!

[@andresurbina3554]

Dude you’re awesome! I’ve been nonstop watching your videos. Excited to make financial changes this year.

[@user-yy7sw5vg6r]

Agree with the last statement, throwing in some mathematical analysis will give us paralysis..you're videos are very informative in a simplest way explaining finances that i never learned in school. Thanks! New subscriber here 🙋🏻‍♀️

[@primusro]

What I ended up doing was to push forward and completely pay off my apartment. This gave me a lot of confidence when investing, mostly because it made me understand that if shit hits the fan, I still have my home to fall back to. Since then I bought other apartments with maximum credit duration and I'm very relaxed.

[@WhiteBoardFinance]

nice Radu

[@MISJPEREZ]

Thank You,I’m taking aPersonal Finance class in college, after losing job, debt and could have saved more on my Emergency fund. But!!! I Will Succeed. I just will.

[@redchersonese2444]

Marko, you're absolutely correct. Hv lived long enough to say that with conviction.

[@vermasean]

This has always been a topic I would discuss with my friends who are Ramsey & Orman fans. Different perspectives, but as long as you are winning in the end game...it is all about progress in the right direction. Do what it takes! Another fantastic video Marko!

[@braydensfinance7105]

Living without debt might not make as much financial sense but it makes phycological sense when you are living a stress free life

[@WhiteBoardFinance]

agreed!

[@flyings.monster6845]

What if you’re somebody that can live with a higher degree of stress?

[@edugohn]

Best channel on finance by far! Long life to it!!! Salutations from Rio de Janeiro, Brazil 🇧🇷

[@WhiteBoardFinance]

thank you sir!

[@ig3646]

you're both educating and entertaining with your jokes haha...analysis paralysis. i'm in the medical field so maybe thats why i chuckled at that....nerd humor

[@sanoski24]

Love the video! An emergency fund is a must when it comes to finance. Individuals can't predict what will happen to them, and if you have an emergency fund available it alleviates a ton of stress!

[@WhiteBoardFinance]

Agreed!

[@karenonthelakestamper]

Great video!!! I am not in m 20's so I am saving and taking care of debt, Hard to do at times when you are divorced, but it can be done!

[@LatinGhost916]

Been watching Dave and Marco and now my mindset is different now I feel like I’m making progress on my financial situation. Thanks

[@TolaRat]

Thanks Marco I love how you present everything so everyone can learn. Thank you so much!!

[@angeliqueramin6177]

Folks will be losing lots of money $$ in the Crypto markets due to the crash on Crypto's and lack of trading Education. Some just buy coins and move into trading without proper technical analysis to back their decisions.

[@misasylvester3744]

Sam Deymon trade are so helpful and useful and at the same time very easy to learn.

[@grzegorzed8930]

Sam Deymon commitment is greatly appreciated, thanks to him!👍

[@gustawlukasz6719]

@samdeymontradintips THAT IS SAMDEYMON USER NAME

[@gustawlukasz6719]

He's verified TE LEG RAM....

[@micknatan4403]

Thanks for the contact info, I will connect with him shortly.

[@rafaelgonzalez6158]

Hey Marko, I’ve been watching your videos for several months and let me tell you something buddy, you have done a hell of a job. Very valuable information, no mediocre advices no crap, right to the point. Keep it up brother. I follow several finance channels and you should have 5 times the views and subscribers you currently have base on the quality of your content. Keep doing what your doing.

[@WhiteBoardFinance]

Thank you Rafael please share with your friends and fam!

[@rafaelgonzalez6158]

Marko - WhiteBoard Finance absolutely will do.

[@SJ-oq7iu]

You're awesome man! Planning on paying off the debt before adding more to the 401k. Rock on!

[@jimhandler1129]

Never understood how people cannot be interested in money. It is the nucleus for everything we do.

[@aersn4locs]

Some people aren’t materialistic and god says only the poor will be accepted into his kingdom

[@HQuintana867]

Thanks, Marko! I watched this and refi'd my mortgage at a lower rate and combined my debt in the process. By paying it off early, I'll only end up paying 2.09% on all my debt, as opposed to 18%, 3.5% and 7.5%. I'll be saving thousands!! Keep up the great work!

[@johnyracercat]

Did you go back into credit card debt again? That's the part people miss. Using home equity to pay off debt, only to run up bad debt again.

[@godfearingwomanilovejesus2840]

Thanks for this video, pay off debt first! Then save all the money you can in emergency fund

[@Veronique487]

Thanks for helping me get the gears moving, definitely setting goals of reducing The Debt 1st.👍

[@aperezit]

You mentioned that this video is not earth shattering stuff, but it’s an opener for me. So thank you!!!

[@beastfromtheeast9318]

I learned that the people who say to invest instead of paying off debt are the people who never really experienced what it’s like to live with no consumer debt (credit card, car payments, student loans etc). So they never really know what it’s like to actually feel like you got paid when it’s payday or you can go out to eat when you want to or book a vacation getaway at the spur of the moment.

[@WhiteBoardFinance]

very well could be the case, thanks for sharing

[@jamie49868]

That spur of the moment spending is probably why they have debt to bein with. It's not likely that they that had an extra $1000 and said "gee honey should we drop this on the CC or put into the market?". People with debt problems of their own volition tend to keep having debt problems.

[@joshdavis7311]

I pay off debt first. I want to be debt free by the end of the year. 3 debts down, 3 to go! Then afterwards, I'll worry about my investments that will be already growing by the time they are making me money.

[@WhiteBoardFinance]

Good luck Josh

[@rdc323]

Debt sucks for regular people but for companies is a big tax shield

[@luciodeluca3257]

Thank you for such the info you provide!

[@ethansmith2499]

The stock market has plenty of opportunities to earn some decent payouts. Traders can benefit from identifying and drawing trend lines, successful trading is all about risk control. making reasonable profits in the stock market is easy with the right skill, patience and the right setup.

[@bernardogutierrez8392]

I wouldn’t say it’s easy making profits in the stock market, I’ve been making more trade losses than profits for over 4 months.

[@amandafoy4455]

the stock market is indeed lucrative, and trading eventually pays off, most traders are too eager to make quick buck and unable to wait for the right trading setup.

[@ethansmith2499]

@@bernardogutierrez8392 Waiting for the right trade opportunities requires patience, and it takes skills and intuition to come up with any tangible profits in the stock market. I’ll advise you invest with a reliable brokerage for more profitable trades.

[@jamesowen9384]

Investors should anticipate the factors that impact portfolio performance and make decisions based on their expectations.

[@bernardogutierrez8392]

@@ethansmith2499 actually I’ve been considering getting an expert to guide me, I’m currently trying to get a genuine and profitable one.

[@deltas4587]

Great video! Glad I'm here early as always :)

[@WhiteBoardFinance]

:) thanks for watching as usual

[@CleanSC]

Solid info as usual. The answer is always the same: debt sucks! Compound interest works both ways: I'd kill that debt Dave Ramsey style then after it's paid, go another year on them beans and rice and what you have saved up over those 12 months, throw that into your investments. A solid head start will go a long way over the long term. Starting with $1k is worlds apart from starting with $10k. After that, tone it down and breathe a little and live easy knowing you got a solid start at your retirement.

[@lawjye4169]

Damn thank you. I literally came here because of FOMO in investing, but I know that there’s a balance with debt and investing, so thank you, I got some more understanding as to how to be more responsible, and paced with my decisions and choices man.

[@schm2818]

I was just getting into this situation for myself, thanks for the help!

[@WhiteBoardFinance]

my pleasure Steve

[@Victor809Flow]

Pay off debt first for me 🤙

[@barbaraleszczynski2214]

Victor809Flow Absolutely! Being debt free....is losing the hugest boulder off you back.....the weight is off and you can finally breathe......

[@JustineCarissa]

Great video. I have two more months to go until I’m debt free!

[@WhiteBoardFinance]

That is awesome!

[@schld7976]

Hey Marko! Great video. Could you make a video on the pros and cons of different ways of paying down debt? i.e., helocs, bi-weekly installments, etc. Thanks and keep up the great work

[@mannydavidcastillo1109]

Pay off debt study the housing market where you live/if renting is cheaper and you don't have a family rent/invest and save..

[@anisswu4807]

To point Marko! Love you videos! Cheers from Morocco!

[@dougz2855]

Thanks for the info. Subscribed and shared!

[@nomad7412]

Always thumbs up for you Marko. As an old guy, I am now, too old to react to all of what you are advising. However, I agree with all that you have said. My wife and myself have always taken the view that debt is bad and basically loses you money (makes sense?). So we have always paid cash for what we can afford and if we can't afford it? TOO BAD ! It has always been the case with us that as long as we have each other, the rest can wait and if one day we get to afford other things? Then we don't have problems of repayments etc ( et cetera not ec cetera, etcetera) ( me being pedantic for fun lol ). Our problem at the moment is how to find financial advice. We are from England but now live in Australia (17 years). We worked and have private pensions which are still in England. I am retired but my wife still works. Because she is 9 years younger than me, I want her to get as much of our pensions as she can get after I'm gone. Financial problems come with our lives regardless of debts etc. We are at a time when, looking back on our past, we ask questions like did we do the right things. I believe we did and investment of even a small amount was never on our minds. Your video has allowed me to see that way back then, even a very small amount of investment can work for us. I believe that in todays' (old school grammar) society, we don't think about our financial future enough and while I still have reservations on insurance companies, think that investment is the way to go. In Australia it is still a property investment society, however, even though I feel too old to invest in that side of the market, I am of the opinion that your advice for younger generations is sound. I am of the opinion that money can't buy us ( for those that feel that way ) is a magical life with a magical wife. Stay happy and love 'till you die. Good life young man.

[@WhiteBoardFinance]

Thanks for sharing and for the kind words

[@mhaag1619]

Well done, Marko, thank you for educating us.

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[@orlymarq6238]

I like the way you explain things, very clear and simple. Thanks for your videos.

[@babybruce8256]

I’m for paying off debt myself nice to see like minded folks

[@burningbelow4424]

Always pay off your debt first! So you know you are 100% financially free!

[@megaboom69]

Pay off debt first for sure and try and still invest what you can. 💵💵💰💰great content

[@WhiteBoardFinance]

Agreed thanks Steven

[@makeitubE]

I’m in this exact position. Thanks for talking about this

[@VictorKyalo]

Love the educational content and the humour

[@nelizajoey26]

debt free = financial peace save first before investing extra savings invest it

[@jeremiahberry1134]

Thanks alot bro! Love your videos. They should be teaching this in schools man.

[@WhiteBoardFinance]

agreed!

[@poojashrestha504]

Wow! The way you use both upper and lower case letters in a single word is interesting! Your videos are informative and precise! Thank you!

[@wadjias4246]

Another GREAT video. You are wealth of knowledge. Thanks a lot

[@fredswartley9778]

Excellent video! Well balanced approach to this topic. I think paying off debt should usually be the top priority, but I think it's ok to invest a little too to take advantage of compound interest.

[@icemanvf143]

I literally had this conversation with my coworkers today! It started because people have this assumption about me because I live with my folks. And the ONLY debt I have is a school loan that will be paid off with minimum payments in 2021. Really want to maximize my $$$ but I have a STRONG mindset of getting rid of debt which is what you seem to lean on here...

[@WhiteBoardFinance]

debt is dumb

[@ntrawat]

Best personal finance advice.. addresses conflicting finance decisions

[@cameashapowell1961]

I’m doing both at the same time because every time I say I can’t I need to clear up my debt I add more.

[@CosgroveNotts]

Pay off debts for sure. Great life having no debt. I aren't even middle class but I've got more than most

[@WhiteBoardFinance]

very cool great job

[@jackhawthorne1359]

Great video! Very balanced approach. Consumer debt is a killer but debt is almost always necessary to build your asset column in real estate. Bottom line: be smart and conservative with your 💰

[@WhiteBoardFinance]

agreed!

[@deanberger9597]

100% I invest first and don’t worry about debt! I love that my passive income pays my debts every month. Liked and subbed keep up the good work

[@mrssummersbudgets]

this subject is a constant mental tug of war for me. its like two rights so how do u choose lol. u made some great points to help with deciding which is best for u.

[@richardallard519]

Really enjoy your videos, very thought provoking and useful. I would be interested in your white board approach to paying off your mortgage off in 5-7 years. Could you break it down and explain the approach. Thank you, Richard

[@nancymorrison9978]

Thank you for the video Marco. I always find them interesting and very informative.

[@WhiteBoardFinance]

thanks nancy please share :)

[@codeChris]

Seeing this during the 2020 recession. Thanks!

[@miteshjoshi7868]

You described very smoothly, good job marko.. keep posting such videos 👍

[@pravingohil1352]

marko you are a funny guy that makes video more interesting. thank u for your informative videos!!!

[@WhiteBoardFinance]

lol thank you pravin

[@cjagz]

9:00 saving is the worst thing you can do... Million doesnt give you much now days...never mind in 40 years from now... I guess it also depends on your cost of living. Aside from that, great content ma man.

[@WhiteBoardFinance]

Thanks Chris!

[@kimsiewers]

Always be investing, no matter what. The personal debt can linger; you cannot make up for lost time compounding dividends and capital gains. Buy capital appreciation stock mutual funds from Vanguard, T.Rowe Price, Fidelity, and keep buying. Some people make the huge mistake of waiting; "I'll start saving/investing as soon as I pay off X." Waiting for any reason means lost time; lost time means lost capital appreciation.

[@TaruProductions]

when I saw you talk about the markers briefly, I said to myself “This guy is FLY” - talking about the marker shows that you’re an actual real guy because that is exactly what I would have said too haha. 100% a fan you have my attention.

[@WhiteBoardFinance]

Lol thanks

[@dylongarrett4779]

I like the idea of paying off debt while simultaneously investing at the same time. It’s a good way to steadily become debt free while getting something started for yourself for motivation

[@RealLifeMoney]

Thats a good point, maybe contributing to a 401k to gain that benefit at the same time of paying debt off

[@WhiteBoardFinance]

A man who chases two rabbits catches neither