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Friends That Invest — Should I Invest, Pay Down Debt or Save?
Scout ratingSCOUT· 68%15m·2026-03-09·Money

Should I Invest, Pay Down Debt or Save?

Friends That Invest · 10

This week, Sim breaks down exactly what to do when you come into a lump sum of money, from a $10,000 bonus to a $40,000 windfall, using her simple decision matrix. She covers the order of operations for tackling high interest debt, building a three to six month emergency fund, and deciding when to invest so you can…

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What people are saying

So most homeowners wont invest unless the interest rate is lower than 5%?

@radiantdevi1 · YouTube comment

Thank you so much for the video! Do you think a Cash ISA is good for an emergency fund?

@rceed22 · YouTube comment

Awesome video, thanks for the matrix Sim 🤩

@colleenking7762 · YouTube comment

I just want to add that if you are in your late 50s or 60s or retired, it is wise to have an emergency fund that is 2-3 years not 3-6 months. It will be much more difficult to find replacement income.

@nlubbrennlubbren621 · YouTube comment

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