Episode 238: "I Came Into A Chunk Of Cash. Should I Pay Off Debt or Invest?"

Should I Pay off Debt or Invest Extra Cash? This is one of the most frequent questions I receive, and in this episode of the MoneyFitMD podcast, we’re diving deep into this financial dilemma. This episode is essential listening if you’ve recently landed on a substantial amount of money.

Hi, I’m Dr. Latifat Akintade, and I’m here to help you make the smartest financial decisions with your newfound wealth. Whether it’s a bonus, inheritance, or profits from a sale, I’ll guide you through deciding whether to pay off debt or invest your extra cash.

In this episode, you’ll learn:

• Key Considerations: Understand the critical factors when deciding between debt repayment and investing.
• Balancing Act: Learn how to effectively balance paying off debt while making strategic investments for your future.
• Four Essential Asset Classes: Discover the four key asset classes I recommend for building long-term wealth and financial security.
• Mindset Shifts: Find out how to transition from a debt-focused mindset to one of abundance and wealth-building.
• Actionable Strategies: Learn practical steps to allocate your funds wisely, prioritize high-interest debt, and start investing effectively.

I’ll share my personal experiences and the proven strategies that have transformed the financial lives of countless women physicians. This episode goes beyond the numbers, focusing on creating lasting wealth and freedom through smart financial habits and mindset shifts.

Text "Free" to  +1 (717) 973-8883 to schedule your complimentary personalized Financial Freedom Diagnostic session EXCLUSIVE for women physicians (MD/DO/MBBS/DMD only)

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It's time to finally take action on your financial goals. Join other women physicians who are choosing an uncommon life of financial and life freedom by registering for the 5-DAY Money Moves Challenge for women physicians. Register Here

Ready to explore the transformative power of sabbaticals?
Download the free Sabbatical Guide at Moneyfitmd.com/Sabbatical and embark on a journey to financial freedom and personal growth. Share the link with your fellow physicians and join the movement to normalize taking pauses for a healthier and more fulfilling life.

If you are a Hardworking, Busy Woman physician who wants to get good at money without wasting more time sifting through the internet. This is for you.  https://www.moneyfitmd.com/guide

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