Should you pay off debt or invest first? A Ramsey-certified financial coach breaks down how to do both — the smart way.
In this episode of the Tall Oaks Podcast, Branden DuCharme sits down with Marcus Corvino, the financial coach at DuCharme Wealth Management, to answer one of the most common questions they hear from younger clients and second-generation families: should you wait until you're debt-free to start investing?
Marcus walks through the debt snowball method, when it beats the math-optimal "avalanche" approach, and the behavioral side of paying off debt that most calculators ignore. Then they tackle the big question — how to think about investing while you still carry debt, why an employer 401(k) match is so hard to pass up, and how to choose between Roth and tax-deferred contributions. Plus: the truth about "0% interest" car loans, and why financing more car than you can afford can quietly work against your retirement.
Whether you're just starting to tackle debt or deciding where your next dollar should go, this conversation gives you a clear framework to work from.
Questions for Marcus? Reach him on Instagram: @marcus.at.dwm
— Information presented on this program is believed to be factual and up to date but is not guaranteed to be accurate and should not be regarded as a complete analysis of the subjects discussed. Discussions are limited to the dissemination of general information and do not constitute personalized investment advice. A professional advisor should be consulted before implementing any of the options presented. Encompass More Asset Management, LLC is a registered investment advisor with the U.S. Securities and Exchange Commission and only transacts business in states where it is properly registered or is excluded or exempt from registration requirements.
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