4 Reasons to repay Debt before Investing

Emergency Funds

Before investing, ensure you have an emergency fund to handle unexpected expenses. It prevents you from taking on high-interest debt in tough times.

High-Interest Debt

Prioritize paying off high-interest debt like credit cards and personal loans. Their interest rates can become unmanageable quickly.

Retirement Planning

Focus on repaying high-interest debt like credit cards and personal loans. High rates can quickly become overwhelming.

Long Term Goals

Consider long-term financial goals, like buying a home or funding your child's education. Plan to balance investing and paying off debt wisely.