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Topic	I have $56000 in Credit Card debt and about $69000 in 401K savings
MrAntisocial 05/07/24 2:43:00 PM #68:	As someone who was formerly in debt I used the snowball method to dig myself out. The debt definitely felt worse than the potential gains that I would miss out on had I kept those assets. To me it was worth paying off the debt (especially since credit card interest rates are very high at the moment). You could also consider a personal loan to consolidate your debt but it might not make sense for you depending on your situation. An advisor would be better qualified, especially if they're a fiduciary --- [insert signature here] <cite>MrAntisocial posted [p:980284849] in I have $56... [t:80764296]...</cite> <quote>As someone who was formerly in debt I used the snowball method to dig myself out. The debt definitely felt worse than the potential gains that I would miss out on had I kept those assets. To me it was worth paying off the debt (especially since credit card interest rates are very high at the moment). You could also consider a personal loan to consolidate your debt but it might not make sense for you depending on your situation. An advisor would be better qualified, especially if they're a fiduciary --- [insert signature here]</quote> ... Copied to Clipboard!
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