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SUPPORT THESE VIDEOS: 🎬 Patreon - / nextlevellife START INVESTING FOR FREE: 📈 M1 Finance - https://m1finance.8bxp97.net/NextLeve... GET YOUR FREE AUDIOBOOKS: 🎧 Audible FREE Trial (Includes FREE Audiobook) - https://amzn.to/2zEFqhT 📘 My Favorite Books - https://thefinancialghost.com/books/ START YOUR OWN SIDE HUSTLE: 💻 Bluehost (Start Your Own Website) - https://www.bluehost.com/track/nextle... 📧 ConvertKit (Build Your Business) - https://convertkit.com?lmref=cdSVnQ 📷 TubeBuddy (Grow Your Own YouTube Channel) - https://www.tubebuddy.com/NextLevelLife 🥈 VidIQ (Alternative to TubeBuddy) - https://vidiq.com/#_l_1ra You're Wrong... Paying Debt Off Early Works (4 Reasons): Conventional wisdom suggests that paying off debt early at the expense of some of your investment money in the short term is a bad trade unless the debt you’re carrying is high interest debt like credit cards. The thinking is why would anyone want to pay off debts with 5% or 6% interest rates when they could instead invest that extra payment money into the markets and earn 7%-10%. And, to be fair, there are certainly instances where that logic makes a lot of sense. I know the title of the video is pretty black and white, but that’s mainly because in my experience the discussion surrounding this topic presents it as a very clear cut decision and I feel that there’s a bit more nuance to it that often gets lost in translation. Today I’m going to be going over 4 reasons why I feel that, in certain situations, paying off even lower interest debts can be the better approach, even if it means giving up some investment returns in the short-term. SUBSCRIBE FOR WEEKLY FINANCE VIDEOS: / @nextlevellife WANT TO LEARN MORE ABOUT MONEY? All of my Personal Finance videos: https://goo.gl/3qMbXW All of my Financial Independence & (Early) Retirement Videos: https://goo.gl/R5JU8E All of my Stock Market & Investing Videos: https://goo.gl/swSUQN All of my Debt-Related Videos: https://goo.gl/9HkrtF All of my Budgeting Videos: https://goo.gl/D3iiSn All of my Side Hustles/How to Make More Money Videos: https://goo.gl/oQui48 All of my Book Summaries: goo.gl/xmWeaD SUPPORT THIS CHANNEL: 🎬 Patreon (Exclusive Content From Me) - / nextlevellife 📈 M1 Finance (Start Investing Today) - https://m1finance.8bxp97.net/NextLeve... 🛒 You Need A Budget (Excellent Budgeting Software) - https://www.youneedabudget.com/ BOOKS & EDUCATIONAL RESOURCES: 🎧 Audible FREE Trial (Includes FREE Audiobook) - https://amzn.to/2zEFqhT 📘 My Favorite Books - https://thefinancialghost.com/books/ 📺 Skillshare (Affordable Online Video Classes) - skillshare.eqcm.net/NextLevelLife START YOUR OWN SIDE HUSTLE: 💻 Bluehost (Start Your Own Website) - https://www.bluehost.com/track/nextle... 🥈 Wix (Alternative to Bluehost) - https://wixstats.com/?a=30171&c=2611&s1= 📧 ConvertKit (Build Your Business) - https://convertkit.com?lmref=cdSVnQ 📷 TubeBuddy (Grow Your Own YouTube Channel) - https://www.tubebuddy.com/NextLevelLife 🥈 VidIQ (Alternative to TubeBuddy) - https://vidiq.com/#_l_1ra 👮♂️ NordVPN (Protect Yourself & Your Business Online) - https://go.nordvpn.net/aff_c?offer_id... 🙋♂️ Fiverr (Hire Freelancers to Help Scale Your Business) - https://track.fiverr.com/visit/?bta=5... 👍 Grammarly (Free online Grammar Checker) - https://grammarly.go2cloud.org/aff_c?... OTHER RECOMMENDATIONS: 👕 Check Out My Merchandise (Shirts) - https://teespring.com/stores/next-lev... #PersonalFinance #Wealth #Money Disclaimers: All opinions are my own, sponsors are acknowledged. Links in the description are typically affiliate links that let you help support the channel at no extra cost to you.