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RE: Prepare the bear

in LeoFinance4 years ago

Things like reducing debt will go a long way towards freeing up some of that every two week paycheck money.

I agree, but I think timing can be used well at the moment. Is it better to reduce debt now by 1000, or at the end of the year by 3000 after earning in a pool on it? If the APR is so much higher than the interest on the debt, it makes it a bit of a no-brainer with some of the capital.

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Well, I just reduced my debt by 100%, so I am thinking it was the right move for me :)

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Yeah, don't get me wrong here, it is not a bad way to go. I would like to reduce mine a bit too.