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Pay Off Debt or Invest: A Balancing Act

Michael W. K. Yee, Financial Advisor and Certified Financial Planner | Jul 14, 2023 | July - August 2023, Wisdoms

If you find yourself with extra cash — either a lump sum or excess dollars from your monthly paycheck — you may be wondering what to do with it. If you have debt — such as a mortgage or student loans — the prudent option may be to pay off your balances. Yet it might make more sense to put the money to work in the form of investments that have the potential to generate greater returns than the interest rate on your debt.

In the current issue

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  • Grief & Bereavement — Part IX
  • No Kids? 5 Tips for Your Retirement
  • Nurturing Your Financial Freedom
  • Helping Dogs Help People
  • Medicare Can Be A Slam Dunk!
  • Volunteer to Protect Kūpuna
  • IRA Changes to Part D in 2024
  • Supplemental Security Income
  • Care & Self-Care Holiday Gifts
  • Dementia Care in Times of Crisis
  • Game On!
  • Dana is a Joy!
  • How to Make Your Smile Merry & Bright
  • How to Age Gracefully, Inside and Out
  • Champions at Heart
  • Becoming the Reason Someone Smiles
  • Be Prepared and at Ease for the Holidays
  • My Reflections on Caregiving
  • Grandma’s Butter Crunch Jello Cream Cake
  • Ban the Grinch This Christmas
  • Ask a Kupuna
  • Finding Balance and Joy in Your Life
  • The Sewing Hui

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