This newsletter is a warm, inviting space where I connect deeply with you through a friendly and genuine tone. I love sharing personal stories and insights, often drawing from my own life experiences as a veteran and financial coach, to inspire and guide you. I emphasize community and support, encouraging you to reflect on your personal journey while offering practical advice on financial and personal growth. My goal is to create an engaging and supportive environment, allowing you to feel both motivated and understood. It's not just about imparting wisdom, but fostering a sense of belonging and empowerment so that you can thrive.
Hello, wonderful friends! 🌟
I hope you're all having an incredible week! Today, I want to talk about a very important financial decision: why you should pay off those credit cards before diving into investing.
Here's the scoop: the interest rates on credit cards are often so high that you'll never outsave the interest you're paying. Think of it this way: while investing can grow your money at a nice pace, those credit card interest rates are sneakily working against you behind the scenes, often faster than any returns you'll get from investments.
So, what's the action plan? Focus on knocking out that credit card debt first, setting a solid foundation for your financial future. Here's a simple tip to get you started: pay more than the minimum on your lowest balance credit card. Even a small amount extra can accelerate your journey to being debt-free!
Once those cards are paid off, you're in a great position to start investing and truly making your money grow, without high-interest debt holding you back. It’s like getting a double win—building wealth and freeing yourself from debt!
Keep at it, and just imagine the freedom you’ll feel without credit card payments hanging over your head.
Cheering for your financial success,
Jenny Cioto 🎉
P.S. Got a burning question about paying off debt or investing? I'm here to help—shoot me an email anytime! 💌
P.P.S. Need a little encouragement or extra guidance on your financial journey? Let’s connect and make those money goals your reality! 📞
See you next week!
