There are a lot of absolutes being thrown around the personal finance world:
Avoid paying off debt so you can put money into investments.
Avoid investing until you can pay off debt.
Don’t worry about retirement until you’re debt-free.
Start saving for retirement yesterday.
And so the list goes.
No matter what financial question you have, there will be at least two experts telling you opposite ways to solve your problem – and both will say that their way is right.
Here’s the thing: there’s no right or wrong way to do things in personal finance. What makes sense for you won’t necessarily make sense for me. Why? Because even if our balance sheets look the same, our circumstances do not. When it comes to taking financial advice, the best thing to do is focus on what makes the most sense for your finances and finding the balance within that.
So, if you really want to have your personal finance questions answered, then what you need to do is seek wisdom and seek balance.