GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you might read more about oureditorial guidelinesand our products and servicesreview methodology.
The truth is, however, that the two feats can be tackled at the same time.
Finding financial freedom may not be as far away as you think.
Here are five ways tobuild your net worth while overcoming debt.
They believe that any extra income must be put toward paying off debt and not toward savings or investments.
Unfortunately, this can put you years behind your financial goals.
Instead, continue to invest while following a strategy to pay off your debt.
Set a Budget
see to it your emergency fund is healthy before you get going investing.
In contrast, with the snowball method you list your debts from the highest to lowest balance.
Each month you put extra money toward the loan with the smallest balance until it is paid in full.
A financial advisor can help you plan for your future and meet your goals.
They can help you establish a budget and strategize ways to pay off your debt while still building wealth.
More From GOBankingRates
Share This Article:
