Younger workers have time to aggressively pay off credit card debt and can hold off investing for a year or two, said Travis Gatzemeier, founder of Kinetix Financial Planning in Flower Mound, Texas.
“Those years you sacrifice to be debt-free won't matter much in 30 years,” he said. “Reducing or eliminating credit card debt can lift a huge emotional weight off your shoulders. The sooner this debt is off your plate, the sooner you can give your savings and investments a boost to build future wealth.”
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