Should I Pay Off Debt or Invest?

by | | Debt, Investing

One of the most common questions we get from our clients is “Should I pay off debt or invest?” When you become an attending physician, you’re finally at the point where you have some excess cash at the end of the month, and you want to make sure you’re using it wisely. In this short video (<4 min) I cover some of the factors to consider when answering the question of paying off debt vs investing.


    • Both are good options! Both increase your net worth an put you on the path toward financial independence, so don’t get caught up in the exact allocation between debt and investing.
    • Often times the best strategy is to do some of both.
  • Allocate money towards whatever has the higher interest rate or expected rate of return.
  • Consider your personal attitude toward debt and investing risk tolerance.

Additional resources:

When it comes to handling their finances, most ER docs face the same issue: They’re simply too busy to do it. That’s where we come in. We start with a FREE Financial Pulse Assessment™. This is a 3-step process to help evaluate our services and make an informed decision about working together.

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