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If you're torn between paying off debt or saving money, this video breaks down the math behind paying off debt vs saving and reveals which financial situation is better or worse. Learn proven debt payoff strategies like the debt snowball method and discover how to balance retirement planning while managing debt. Whether you have no savings or significant debt, this guide will help you make the right choice for your financial planning goals. Get actionable tips on how to get out of debt while building your emergency fund for long-term financial security. --------------------------------- 💵 To apply for a loan, check out our website: https://www.creditninja.com/ ---------------------------------- 🎥Check out our other videos! How to Pay off Credit Card Debt with 0 Cash Flow👉 • How to Pay Off Credit Card Debt with 0 Cas... 30 Money Terms School Should've Taught Us👉 • 30 Money Terms That School Should've Taugh... If You Have $5000 or Less, This Is Your Last Chance👉 • If You Have $5000 or Less, This Is Your La... Want to Repair Your Credit Score? 👉 • Improving Credit Score ---------------------------------- About CreditNinja: We are a superior online lender offering more affordable personal loans for borrowers with low credit scores. Our quick and easy loan process allows you to get the cash you need, at ninja speed. If you’re currently experiencing a financial emergency, CreditNinja is here to help. ---------------------------------- Chapters: 00:00 $100K in Debt vs $0 In Savings 00:28 Meet Alex 01:36 Bad Debt, Paying Off Debt (2 years) 04:19 Bad Debt, Saving & Investing (2 years) 04:56 Good Debt, Paying Off Debt (2 years) 05:31 Good Debt, Saving & Investing (2 years) 06:18 Bad Debt, Paying Off Debt (10 years) 07:04 Bad Debt, Saving & Investing (10 years) 07:34 Good Debt, Paying Off Debt (10 years) 08:00 Good Debt, Saving & Investing (10 years) ---------------------------------- *Not all loan requests are approved. Approval and loan terms vary based on credit determination and state law. Applications approved before 10:30 a.m. CT Monday–Friday are generally funded the same business day. Applications approved after this time are generally funded the next business day. Some applications may require additional verification, in which case, if the loan is approved, it will be funded the business day after such additional verification is completed. #payoffdebtvsave #debtpayoffstrategies #retirementplanning #shouldisaveorpayoffdebt #howtogetoutofdebt #retirementsavings #debtsnowballmethod #emergencyfund #personalfinance #financialplanning #debtfreejourney #moneymanagement #creditcarddebt #401kplanning #saveorinvest #financialwellness #debtavalanche #retirementinvesting #budgetingtips #financialgoals