Pay off Debt vs. Invest Debate w/ Angela Matthews

Set Up Your FREE Credit Call: https://chad-murray.mykajabi.com/p/strategycall Stay Connected to the blog: http://www.yourcreditcoach.com/blog/ CONNECT WITH CHAD: www.yourcreditcoach.com https://www.facebook.com/chad.murray.71 https://www.instagram.com/yourcreditcoach/ https://www.linkedin.com/in/chad-murray-15763929 ________________ Video Summary: _______________ Angela Matthews, the founder and CEO of Mindful Investors Club and creator of the Mind Investor is a strong advocate for regular people investing regularly. She believes that investing should be as much apart of your life as going to the bank. In this video we go head to head on our philosophies on choosing investing in the stock market and paying off debt. What do you think? Angela has created a tribe of people who have been exposed to investing in a simple and dynamic way that is changing lives. With the strategies that Angela teaches, stocks and bonds are no longer a foreign language. They are quickly becoming a lifestyle for her followers. For far too long only a financially fit few could reap the reward of playing the market to win. I have the same passion for real estate that Angela has for investing. The market pre 2008 broke generation long barriers to homeownership and many people for the first time became home owners. While many unqualified buyers entered the market as a result of lenders lowering the bar of mortgage approvals to a pulse and a signature, others got a taste of the pride and responsibility involved in homeownership. Many would argue that these people should’ve never been given the loans that helped them to buy homes. True, the banks were absolutely reckless with the no verification loans and programs that started at a 1.75% interest rate, but some of those people are still homeowners. Others lost homes. Will that entice them to rebuild and become homeowners again, or will they be scarred and afraid to enter into that world again? I can’t say we’ll ever know, but I’d rather get a chance and blow it rather than never being given the opportunity. While Angela and I disagree on some points in this video, we share the value of creating more opportunity for more people. Homeownership and investing in financial markets represent growth for an individual, family and community. The more people who take the plunge into those realms of investment are taking up a worth cause and should be applauded, win or lose. The more people who take up the crusade to make a change in the financial trajectory of people and communities like Angela Matthews has, the better the world we live in.

Comments

1. You always want to pay off your debts before you invest. The money you "might" get from investing you will still OWE so it's never truly yours until you pay off your debts. While you're investing, you are steadily losing money by only paying the minimum payments on your debts. When you pay off your debts, you have so much breathing room and extra money to build wealth. Investing first before paying off your debts is very poor advice.