SUPPORT THESE VIDEOS:
? Patreon – https://www.patreon.com/NextLevelLife

START INVESTING FOR FREE:
? M1 Finance – https://m1finance.8bxp97.net/NextLevelLife

GET YOUR FREE AUDIOBOOKS:
? Audible FREE Trial (Includes FREE Audiobook) – https://amzn.to/2zEFqhT
? My Favorite Books – https://thefinancialghost.com/books/

START YOUR OWN SIDE HUSTLE:
? Bluehost (Start Your Own Website) – https://www.bluehost.com/track/nextlevellife/
? ConvertKit (Build Your Business) – https://convertkit.com?lmref=cdSVnQ
? TubeBuddy (Grow Your Own YouTube Channel) – https://www.tubebuddy.com/NextLevelLife
? VidIQ (Alternative to TubeBuddy) – https://vidiq.com/#_l_1ra

You’re Wrong… Paying Debt Off Early Works (4 Reasons):
Conventional wisdom suggests that paying off debt early at the expense of some of your investment money in the short term is a bad trade unless the debt you’re carrying is high interest debt like credit cards. The thinking is why would anyone want to pay off debts with 5% or 6% interest rates when they could instead invest that extra payment money into the markets and earn 7%-10%. And, to be fair, there are certainly instances where that logic makes a lot of sense. I know the title of the video is pretty black and white, but that’s mainly because in my experience the discussion surrounding this topic presents it as a very clear cut decision and I feel that there’s a bit more nuance to it that often gets lost in translation. Today I’m going to be going over 4 reasons why I feel that, in certain situations, paying off even lower interest debts can be the better approach, even if it means giving up some investment returns in the short-term.

SUBSCRIBE FOR WEEKLY FINANCE VIDEOS: https://www.youtube.com/channel/UCbsDR27rGCFdDKQVRl_tgEQ?sub_confirmation=1

WANT TO LEARN MORE ABOUT MONEY?
All of my Personal Finance videos: https://goo.gl/3qMbXW
All of my Financial Independence & (Early) Retirement Videos: https://goo.gl/R5JU8E
All of my Stock Market & Investing Videos: https://goo.gl/swSUQN
All of my Debt-Related Videos: https://goo.gl/9HkrtF
All of my Budgeting Videos: https://goo.gl/D3iiSn
All of my Side Hustles/How to Make More Money Videos: https://goo.gl/oQui48
All of my Book Summaries: goo.gl/xmWeaD

SUPPORT THIS CHANNEL:
? Patreon (Exclusive Content From Me) – https://www.patreon.com/NextLevelLife
? M1 Finance (Start Investing Today) – https://m1finance.8bxp97.net/NextLevelLife
? You Need A Budget (Excellent Budgeting Software) – https://www.youneedabudget.com/

BOOKS & EDUCATIONAL RESOURCES:
? Audible FREE Trial (Includes FREE Audiobook) – https://amzn.to/2zEFqhT
? My Favorite Books – https://thefinancialghost.com/books/
? Skillshare (Affordable Online Video Classes) – skillshare.eqcm.net/NextLevelLife

START YOUR OWN SIDE HUSTLE:
? Bluehost (Start Your Own Website) – https://www.bluehost.com/track/nextlevellife/
? Wix (Alternative to Bluehost) – https://wixstats.com/?a=30171&c=2611&s1=
? ConvertKit (Build Your Business) – https://convertkit.com?lmref=cdSVnQ
? TubeBuddy (Grow Your Own YouTube Channel) – https://www.tubebuddy.com/NextLevelLife
? VidIQ (Alternative to TubeBuddy) – https://vidiq.com/#_l_1ra
???? NordVPN (Protect Yourself & Your Business Online) – https://go.nordvpn.net/aff_c?offer_id=15&aff_id=30988&url_id=902
???? Fiverr (Hire Freelancers to Help Scale Your Business) – https://track.fiverr.com/visit/?bta=51908&brand=fiverrcpa
? Grammarly (Free online Grammar Checker) – https://grammarly.go2cloud.org/aff_c?offer_id=182&aff_id=45298

OTHER RECOMMENDATIONS:
? Check Out My Merchandise (Shirts) – https://teespring.com/stores/next-level-life?aid=marketplace&tsmac=marketplace&tsmic=campaign

#PersonalFinance #Wealth #Money

Disclaimers: All opinions are my own, sponsors are acknowledged. Links in the description are typically affiliate links that let you help support the channel at no extra cost to you.

For information about our new Fast Track membership, go here: https://yourlegallegup.com/blog/fast-track-to-victory-over-debt-collectors/.

Arbitration is different from mediation, which is voluntary. Instead, arbitration is an alternative type of court, where the arbitrator renders a judgment. The debt collectors (and big money in general) like it because it makes it easier for them to get a judgment against you. It typically has easier rules of evidence and reduced discovery, and appeals are nearly impossible. So we generally suggest against it – to put it mildly. But if you happen to have everything you need, we still suggest against it because of its lack of “transparency” and the fact that arbitrators are often loyal to the debt collection side.

Approximately 1 in 8 Americans hold student loan debt. Amy Richardson, a certified financial planner with Schwab Intelligent Portfolios Premium, joined CBSN’s Tanya Rivero with tips for how new college graduates entering the workforce can pay off debt and save money.

CBSN is CBS News’ 24/7 digital streaming news service featuring live, anchored coverage available for free across all platforms. Launched in November 2014, the service is a premier destination for breaking news and original storytelling from the deep bench of CBS News correspondents and reporters. CBSN features the top stories of the day as well as deep dives into key issues facing the nation and the world. CBSN has also expanded to launch local news streaming services in major markets across the country. CBSN is currently available on CBSNews.com and the CBS News app across more than 20 platforms, as well as the Paramount+ subscription service.

Subscribe to the CBS News YouTube channel: http://youtube.com/cbsnews?
Watch CBSN live: http://cbsn.ws/1PlLpZ7c?
Download the CBS News app: http://cbsn.ws/1Xb1WC8?
Follow CBS News on Instagram: https://www.instagram.com/cbsnews/?
Like CBS News on Facebook: http://facebook.com/cbsnews?
Follow CBS News on Twitter: http://twitter.com/cbsnews?
Subscribe to our newsletters: http://cbsn.ws/1RqHw7T?
Try Paramount+ free: https://bit.ly/2OiW1kZ

For video licensing inquiries, contact: licensing@veritone.com

Don’t just move the problem around, fix it and get your debt paid off. Contacting a certified debt counselor to help you handle your money and set up a budget will get you started.