Comments on: Investing While In Debt http://www.consumerismcommentary.com/2005/01/10/investing-while-in-debt/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: JLP http://www.consumerismcommentary.com/2005/01/10/investing-while-in-debt/#comment-122 JLP Thu, 20 Jan 2005 16:22:49 +0000 http://wp.consumerismcommentary.com/?p=154#comment-122 I think the first step is to build up a reserve so that you don't have to go back to the credit cards if an emergency comes up. After a person has 3 to 6 months of income set aside in an emergency fund, then I think they should start investing. JLP <a href="http://AllThingsFinancial.blogspot.com" rel="nofollow">http://AllThingsFinancial.blogspot.com</a> I think the first step is to build up a reserve so that you don’t have to go back to the credit cards if an emergency comes up. After a person has 3 to 6 months of income set aside in an emergency fund, then I think they should start investing.

JLP

http://AllThingsFinancial.blogspot.com

]]> By: Rob http://www.consumerismcommentary.com/2005/01/10/investing-while-in-debt/#comment-121 Rob Fri, 14 Jan 2005 02:50:14 +0000 http://wp.consumerismcommentary.com/?p=154#comment-121 I was reading START LATE, FINISH RICH by DAVID BACH. His advice was to pay off debt and save (not invest) at the same time so when you're out of debt you won't be back in debt due to a lack of savings. I like that idea better than DAVE RAMSEY's advice of using every last penny for the "debt snowball" and not saving. I was reading START LATE, FINISH RICH by DAVID BACH. His advice was to pay off debt and save (not invest) at the same time so when you’re out of debt you won’t be back in debt due to a lack of savings.

I like that idea better than DAVE RAMSEY’s advice of using every last penny for the “debt snowball” and not saving.

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