How to balance paying debt vs. investing
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Subtítulos (200 segments)
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let's say you're at a place financially
where you're able to start saving rather
than living paycheck to paycheck a
situation that describes more than one
in three American workers across many
different income levels after covering
your monthly expenses like groceries
Health Care your rent or house payment
you've got $200 left over what should
you do with this money there's two
places people usually look paying off
their debt or investing in the stock
market to watch the money grow and save
for retirement so which one sets up for
a better Financial outcome in the long
run there's no simple answer but there
is a rule of thumb that can help you
start thinking about
[Music]
Full subtitles available in the video player
Key Vocabulary (10)
Used to refer to the person or people that the speaker is addressing. It is the second-person pronoun used for both singular and plural subjects and objects.
To give money to someone in exchange for goods, services, or to settle a debt. It can also mean to give something non-monetary, such as attention or a compliment.
Interest is the feeling of wanting to give your attention to something or learn more about it. It also refers to an activity or a hobby that a person enjoys doing or studying in their free time.
A month is one of the twelve periods into which a year is divided, usually consisting of 28 to 31 days. It is a standard unit of time used for scheduling, billing, and marking the passage of seasons.
A measurement of the speed at which something happens or changes over a particular period of time. It can also refer to a fixed price paid or charged for something, such as an interest rate or a room rate.
Grammar in This Video
"which one sets up for a better Financial outcome"
"let's say you're at a place financially"
"if your debt has a lower interest rate below 7% it's considered mathematically m..."
"if your debt has a lower interest rate... it's considered mathematically more be..."
"it's considered mathematically more beneficial"
"by investing rather than tackling the debt right away"
"start saving"
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