Eric Arnold Planswell - How to Minimize Your Debt Costs While You Invest

 It is very natural for one to be tempted to weigh between investing or paying off the debts one may have.  And obviously, it is not an easy choice. 


With the help of financial industry professional, Eric Arnold Planswell, let us explore some efficient ways to minimize debt costs while investing.


If You are considering investing, it is often encouraged by the thought that you can pay your debt through your investment’s profit. However, this concept may come as a convenient financial step to pursue while you have a solid amount of debt. Investments, while you are in debt, come with many risks. So the question is if you should abide by the routine to pay off your home loan, student loan, car loan, credit card loan, or start saving up for your retirement funds and explore attractive funds to invest in the stock market. 


The answer to this question will be to do both. With proper balancing, you can make good investments while paying off your debts. To do so, here are some effective tips brought to you under the guidance of Eric Arnold, Planswell.




Effective steps to make investments and pay the debt 

  • Begin with paying the highest interest rate of your debt at first to make it easier for you to maintain debt payment while you’re investing.

  • Maintain the proper financial goals of simultaneously managing your spending between paying your debt, saving for retirement, and keeping some money aside for emergency funds

  • Acknowledging the balance of this complicated financial situation is a necessary factor and to do so, you should not take an additional debt.

  • It is best not to carry debt through your retirement period as it will easily exhaust your savings. If your debt is a big amount, it will be wise to prioritize your debt first and make small investments that won’t be a hassle in your debt-paying amounts.

  • Even if you are making a lot of money from your investments, it is essential to opt for retirement savings as future financial crises may come unannounced at any time.



Eric Arnold, Planswell, states that debt payment and investment can go hand in hand if one is devoted to disciplined financial management. If you are someone struggling to understand all the factors and management skills, Planswell is the best help. Mortgages, investments, retirement savings, paying a debt, Planswell help with it all. Money management and successful investment knowledge provide an excellent service for you.


Location: Toronto, ON, Canada

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