Pay off Credit Card Debt FIrst or Invest ?

Let's say you kill it in the market, you'll probably make 15-20%. IF you play it perfectly. Every month you don't pay the credit card you pay 20-30% interest bthats capitalized the next month. What do you think is the better idea?

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Let's say you kill it in the market, you'll probably make 15-20%. IF you play it perfectly. Every month you don't pay the credit card you pay 20-30% interest bthats capitalized the next month. What do you think is the better idea?

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This. It'll give you better peace of mind as well.

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Get rid of the debt first.

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This and try not to acquire any new debt so you can invest and build a small emergency fund.

always pay off CC debt as fast as possible

How good is your credit score

What interest rate is your debt? I leverage credit cards from time to time and it might be worth looking into if you are financially disciplined.

Figure out how long you think it will take to pay off the debt. Figure out if you have the ability to balance transfer to a 0% card if your debt is not already on one. How much will this cost you? Will you need to balance transfer again before the end of the 0% terms? Assume a reasonable rate of return for your Roth. Do the math to see what ends up being the better option.

BTW the best balance transfer card is Chase Slate if you can get it.

Start there and work down.

Your credit card debt and interest rate are a sure thing; your financial profits from investing aren't. Definitely erase your debt first and then use that monthly CC payment to invest if you like, that's what I'm working on myself.