Your income is the most powerful wealth-building tool you will ever have. Until you free your income from being spent on payments, you can’t fully use the power of investing. Don’t start investing until you’re out of debt and have a fully funded emergency fund.
It’s still important to start investing as soon as possible. The average time it takes people to pay off all consumer debt is 18 months to two years. But you’ve got to get gazelle intense and truly focus your efforts on becoming debt-free. Use your desire to start investing for your future as motivation to become debt-free!