That investing the extra sounds good when the market is bullish. But what about in a time like this year? Or 1990? Or 1972-74? That 16% credit card interest really gets larger compared to that market loss.Paying off the credit card interest is like a "guaranteed" return. You have definitely "saved" that 16% where as the market is an uncertain risk for the short term.Pay the debt off as fast as you can without killing yourself.Of course the best time to have planted a tree was 20 years ago. However, one planted today in 15 years will still give some nice shade.JLC
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