Number one financial rule: get out of debt first

Financial planning rule number one:  pay off debt first.

Rule number two:   if your financial advisor,

a) doesn’t ask about your debt, or

b) doesn’t suggest that you pay it off before trying to ‘invest’, or

c) suggests that you borrow money to ‘invest’,

Run away from them as fast as you can.

Insolvency trustee Doug Hoyes, on the trouble with debt; Should you always pay yourself first when it comes to finances? Here is a direct video link.

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