16. Yanely Espinal: Should I Pay off "Las Deudas" or Invest Extra Cash?

Choosing between paying down debt and investing can be like trying to solve a rompecabezas. If you've ever tried to work out the answer, you've probably run into some version of this advice: Compare the interest rate on your debt with the return you expect to earn on your investments and put the money toward the option with the higher percentage figure. While that advice might make sense in theory, it isn't exactly easy to put into practice. Yanely walks us through that thinking process and shares great pointers for you to consider. Cheers to a great conversation! Compartelo con tus amigas, compañeras de trabajo, tias, primas... con titiri mundati :)

REFERENCE FROM THE SHOW

• Historical Returns on Stocks, Bonds and Bills: 1928-2022
• Chartered Financial Analyst (CFA) charterholders: apply their knowledge and skills in a wide range of positions throughout the global finance industry
• Whether you’re frustrated with your budget, dealing with debt, or struggling to raise that credit score, Mind Your Money Book⁠ by Yanely Espinal, this book will motivate and inspire you to finally reach your #MoneyGoals. Get it today!
• Women and Money by Suze Orman

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DISCLAIMER: The information contained in this episode is not intended as, and shall not be understood or construed as advice. We're not attorneys, accountants, or financial advisors, nor are we holding ourselves out to be. The resources or information contained in this episode is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.