Should You Pay Off Debt or Invest First?

Should you pay off debt or start investing? It is one of the most common financial questions people face - and most people either guess at the answer or default to one extreme without ever running the actual numbers. The truth is it depends. But it depends on specific things you can actually know and act on. In this video I break down exactly how to think about debt versus investing based on your specific situation - covering credit cards, student loans, car loans, and mortgages - and give you a clear order of operations for making the right call. What we cover: -Why this question is more emotional than mathematical and how that feeling is costing people -The one number that drives almost every debt versus investing decision -Why sometimes the math favors investing even while carrying debt -How to think about credit cards, student loans, car loans, and mortgages differently -The five step order of operations that applies to most situations -Why capturing your employer match always comes first no matter what Want to run the numbers on your specific situation? Use our free debt payoff calculator at https://www.erdmanfinancialgroup.com/... Ready to map out the right order of operations for your financial life? Schedule a conversation at https://www.erdmanfinancialgroup.com/... Erdman Financial Group | Lancaster County, PA Financial Planning | Investment Management #DebtFree #PayOffDebt #Investing #PersonalFinance #FinancialPlanning #StudentLoans #WealthBuilding #ErdmanFinancialGroup 00:00 Intro 00:51 Why This Question Feels So Hard 01:42 The One Number That Drives The Decision 03:13 The Framework By Debt Type 06:45 Putting It All Together 07:47 Next Steps 08:27 Final Thoughts