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RE: Cashing Out Steem To Pay Off Debts vs. Investing in Steem Power

in #money7 years ago

It's a hard choice to make but think about all the money you save on interest from paying down your debt sooner. You should take the leap if the oportunity is available. I recently paid off the last bit of my line of credit and credit card. They both now sit at $0. It was a hard choice to make, putting a few thousand on them, but now I have almost $300 extra each month that would have normally gone to paying those down. I'll be putting that back into cryptocurrency as much as I can every month.

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It's super hard!! I am just trying to remind myself that if I solve this problem once and for all, I'll never have to go back. Your story about how you now have the extra $300 each month is a great reminder of that. If I can just keep those kinds of anecdotes in my mind, I know I can hang in there for the next 3-6 months and just pay off more and more of this debt rather than spend on other things.