Jul 15 • Q & A
Can investing help me pay off my debt faster?
This may sound crazy but I actually believe it can - if done in a healthy and strategic way.
Here's how I would invest my way out of debt knowing what I do today:
1. Prioritize learning experiential stock market skills.
2. Wait for a market correction or crash.
3. Utilize LEAPs which are Long-Term Equity Appreciation Positions. This requires being patient before taking profits gradually.
4. Find one or more high paying side hustles.
5. Pay off debt with more than 10% interest and invest gradually.
6. Live frugal for a while.
7. Take strategic steps to improve my credit score.
8. Use low-interest debt as leverage carefully.
Some of these would require further details to fully express what I mean.
If this topic sounds interesting enough to you, please let me know in the comments or ask a question about specifics which interest you.
If there is enough interest I will cover it in an upcoming course.
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Can investing help me pay off my debt faster?
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