Real Estate Investing with Coach Carson - With a potential recession looming, I'm afraid to pay off debt [Ask Coach]

My new coaching & learning community, Rental Property Mastery is now LIVE. Join us here: 👉👉https://www.coachcarson.com/RPM-YT Episode 238 - If you had a big chunk of cash, would you be better off paying off your debt to play defense or reinvesting for more growth? Coach Carson shares his opinion on this decision in this episode of Ask Coach. Resources from the episode: Show notes (with transcript and links): https://www.coachcarson.com/payoffdebtorreinvest/ My video on the Rental Debt Snowball: https://youtu.be/_hUIoK6Pz7I TIMESTAMPS: 0:00 - Set up 1:30 - Financial breakdown 3:33 - My personal recommendation 6:18 - My financial recommendation 7:45 - Final thoughts __________ 💲RENTAL PROPERTY ANALYSIS🏘️ My online course teaches EXACTLY how I run the numbers and confidently analyze rental properties that produce cash flow and build wealth (and it includes my actual property analysis spreadsheet!): https://www.coachcarson.com/RPA-YT __________ 🧰MY FAVORITE REAL ESTATE & MONEY TOOLS: - American IRA - invest your retirement accounts into alternative investments like real estate, private loans, partnerships, crypto, and more - https://www.coachcarson.com/americanIRA-YT - Deal Machine - software to help you buy more real estate deals - https://www.coachcarson.com/dealmachine-YT __________ SUBSCRIBE for more videos about how to retire early with real estate investing! 🤗 https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1 ---------------- MY PODCAST ON INVESTING AND FINANCIAL INDEPENDENCE 🎧 https://www.coachcarson.com/podcast/ ---------------- GET MY FREE REAL ESTATE INVESTOR TOOLKIT 📋 https://www.coachcarson.com/toolkit-yt/ ---------------- FOLLOW ME ON INSTAGRAM 📸 https://www.instagram.com/coachcarson1/ ---------------- READ MY BOOK ON RETIRING EARLY 📚 https://www.coachcarson.com/retirementbook ---------------- 👋👋 SAY HI ON SOCIAL https://www.facebook.com/coachchadcarson/ https://twitter.com/CoachChadCarson ----------------- ▶️ MY YOUTUBE PLAYLISTS: “GET STARTED in Real Estate Investing”: https://www.youtube.com/playlist?list=PL5F-I4oW-y2GSa4B55DgpGOXFwhqMcCAm “100 Year Old Triplex Remodel Vlog”: https://www.youtube.com/playlist?list=PL5F-I4oW-y2EoCbkwMZrlJbStHVbxdsp3 “Ask Coach Your Questions Series”: https://www.youtube.com/playlist?list=PL5F-I4oW-y2Fns-a91jl5nU05fnej07Wp “Rental Property Analysis”: https://www.youtube.com/playlist?list=PL5F-I4oW-y2ExNeAqoGNhKBXhpFrQZmI_ “Creative Financing ToolBox”: https://www.youtube.com/playlist?list=PL5F-I4oW-y2GT1sXIBio2rEycQ6v38iyH “NITTY GRITTY Real Estate Investing”: https://www.youtube.com/playlist?list=PL5F-I4oW-y2FBXLqGI51b-aScuSPbc93M “BE YOUR BEST (Productivity Hacks & Personal Growth)” https://www.youtube.com/playlist?list=PL5F-I4oW-y2EyDHxapqzTHX33p15P1nCs “HACK Real Estate Debt” https://www.youtube.com/playlist?list=PL5F-I4oW-y2G8M605b1iuXpj-xWyjqNXP