I’ve given a lot of financial advice over the years. The most important thing I’ve ever told anyone is to pay off their debts! Nothing kills growing wealth, like paying high-interest on a credit card for a night out at the local Chili’s. If you don’t have it, don’t spend it!
I’ve been debt-free aside from a mortgage and 0% car loan for over 8 years. In that eight-year span, I’ve been able to accumulate enough wealth, that I will have complete financial freedom in 10 years.
It would have never happened if I had been paying off debts, instead of growing my wealth! If you don’t want to take my word for it, listen to Mark Cuban.
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