If You Have Credit Card Debt Don’t Invest
BIg Cajun Man discusses the efficacy of investing extra money in paying off debt, making an argument that doing so yields a higher return compared to other forms of investments, like the stock market. It emphasizes the importance of prioritizing debt payment over saving or investing surplus money and arduously critiques the common counterarguments, such as the need to save early, maintaining an emergency fund, or that the stock market can yield higher returns. In conclusion, it surfaces the fact that investment professionals may not promote debt payment as it yields no profit for them.
