2971: Should I Pay Off Debt or Invest by Chris Reining on How to Start Investing for Retirement Early

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2971: Chris Reining emphasizes the importance of starting retirement investments early, even in small amounts, to capitalize on decades of growth. He explains the trade-offs between paying off low-interest debt and investing, highlighting the historical advantage of stock market returns while encouraging a balanced approach to savings, debt, and investments tailored to comfort levels. His advice underscores the value of consistent, intentional financial decisions to build security and wealth. Read along with the original article(s) here: https://chrisreining.com/should-i-pay-off-debt-or-invest/ Quotes to ponder: "To be successful at investing you have to invest within your comfort zone because when you’re investing within your comfort zone you’re less likely to make bad decisions." "Think about how you’d feel not having debt, and if you’d feel better not having debt then pay it off." "Investing, saving, and paying off debt are all really great ways to deploy your hard-earned dollars and there really isn’t a wrong choice here." Learn more about your ad choices. Visit megaphone.fm/adchoices

Om Podcasten

Optimal Finance Daily, hosted by Diania Merriam, the innovative mind behind the personal finance conference EconoMe, takes you on an enlightening journey through the world of personal finance. Each episode brings to life the most compelling and practical advice from leading financial bloggers and experts. Diania’s engaging narration and insightful commentary transform complex financial concepts into relatable, actionable insights. Whether it’s budgeting, investing, debt management, or money mindfulness, she covers it all, making financial wisdom accessible to everyone. Gain not just knowledge, but also the motivation to apply it in your daily life. It's not just a source of personal finance tips; it’s a daily companion that guides you towards financial independence and savvy money management, all delivered with Diania's trademark enthusiasm and expertise. By focusing on early retirement, financial independence, and saving money, each episode provides you with the tools needed to achieve your financial goals. This podcast is designed for those passionate about personal finance, early retirement, financial independence, and saving money. It’s your go-to source for practical advice on managing your finances, saving money, and working towards early retirement. Each episode offers actionable steps to foster financial independence and secure your financial future. Listen now, and become an OLD friend--your optimal life awaits...