I actually think that this is based on individual differences. I haven't been in a debt before and that is my greatest fear in life. I have this kind of natural pride in me that will reduce to zero if I am indebted to someone. If I were you I will not even eat well let alone talking about investment when I am in debt.
Be it from friends, relatives or institutions, it is a debt and it is a mini prison if you do not free yourself from it. Unless you are ready to forfeit your collateral or you are willing to betray the trust if it's from relatives.
Clear your debts and free yourself
Topic: in debt but want to invest. - page 4. (Read 980 times)
That's really funny how will you be on debt them you are still planning to invest, you better clear your debt then you can invest, it those not make any sense for you to invest and you are having debt to settle, if you don't pay back on time definitely if you need money another time the person won't want to borrow you, I think it's better you protect your reputation, pay back your debt and invest later. If you pay your debt and you are still having extra cash remaining then you can now invest and you will have rest of mind.
right now i’m in debt for $6k but i want to keep DCA. should i focus more on pay my debt down or investing?
I guess the debt is one that is not pressing you on the neck, if it a debt that can cause damage to you, I don't think you would plan to invest without paying the debt. I would advise to pay any outstanding debt before any investment. One of the quality of a good investor don't owe to invest, expecially cryptocurrency. 
right now i’m in debt for $6k but i want to keep DCA. should i focus more on pay my debt down or investing?
Primarily, in a situation like this, it take time to take decision, because i know quite well that investment is nice ideas and to clear your debt is also a nice ideas. But the problem is that you have to think of, if the investment goes wrong your debt will remain for you. And if you make it through investment, it's of your luck. But from my perspective clear your debt first before thinking of investment. Because what i will advice people is to use their spell money for the investment.
Why will you be in debt and you will be planning to invest, the first thing you should do is to pay off your debt, how will feel when you know you are having debt to pay off, my own opinion is you should pay your debt and you will invest later, how will you feel whenever you see the person you borrowed the money from am sure you won’t be comfortable and you won’t be happy, is better you Pay off your debt and free yourself from unnecessary embarrassment, you can invest later and no time is late for investment.
right now i’m in debt for $6k but i want to keep DCA. should i focus more on pay my debt down or investing?
If the debt can be repaid in parts, then you can pay the debt in parts. At the same time, there should be enough money left to buy food, pay rent, etc. If after that there are free funds, then you can think about investing them.
legendary
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I agree that to give an answer that can help, we should know more details, such as the amount of the monthly payment, the term, or the annual rent.
It is not the same to have to pay 100 USD per month with an income of 100,000 USD per year as 300 with an income of 30,000 USD.
But in general I agree that it is better to avoid debt and get rid of debt before investing.
It is not the same to have to pay 100 USD per month with an income of 100,000 USD per year as 300 with an income of 30,000 USD.
But in general I agree that it is better to avoid debt and get rid of debt before investing.
Do both. Split your wages for paying debt and invest as well. Totally stopping paying debt could anger your lender and totally stopping investing is not a good idea as well.
You don't invest money that you don't have. If OP is in debt of $6000, he should focus on returning and honoring that contract first. Debts don't disappear. Instead, they become bigger. What is $6k today can become $7k tomorrow if you are not careful. Another piece of advice does not sell your BTC to pay the debt. It's not a good idea to sell your assets this way. Instead, invest your assets somewhere to earn some passive income and use that income to pay the debt. In my opinion, assets should only be sold to make more assets other wise you are just wasting your assets.
Are you suggesting staking and similar irresponsible activates? Whoever has followed what's been happening on the crypto market in recent months will know how dangerous such platforms are and they ought to stay away from them. 
right now i’m in debt for $6k but i want to keep DCA. should i focus more on pay my debt down or investing?
Do not invest in a state of necessity. If there is something that needs to be paid off, pay it off first.You need to clearly state the meaning of the debt such as the time period, the amount of interest per month so that it is easy for anyone to understand who reads it and so that you can get a solution to every answer given in this thread so that you can use it as a solution to the problem you are facing.
If the debt you have is approaching the time of repayment, then in my opinion, don't invest.
If you want to invest outside the burden of debt, you must be able to minimize income with needs, the rest please use it to invest.
Hopefully there is a solution for you.
right now i’m in debt for $6k but i want to keep DCA. should i focus more on pay my debt down or investing?
What is your financial condition right now?the wisest thing to do is exactly pay for debts although it is done several times regularly in monthly or another tme period.
However, if you can save more money outside of paying the debts, and you can really manage your money very well and wisely, you may also do spending some of your salaries as free money to invest in Bitcoin and use them for long-term investment. But if you can't split your money, focus at first on your debts, because whatever, debt is your responsibility to pay. Trust me, if you have end your debts, your life will be much better
right now i’m in debt for $6k but i want to keep DCA. should i focus more on pay my debt down or investing?
You can do both but it depends on the debt time limit, how you are to pay, and your weekly remunerations. If there's no room for you to pay the debt and also invest in crypto. I will advise you to settle the debt first.You still have plenty of time to DCA before the end of this year.
legendary
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right now i’m in debt for $6k but i want to keep DCA. should i focus more on pay my debt down or investing?
Like some other users have said, it depends on who you owe, and even at that, you have to find out from the person whether he or she won't be needing the money anytime soon.But if I were you, I would throw my weight at paying off the dept first, and it doesn't matter who I am owing, I am one person that hate being in dept to anyone, it ties my emotional freedom and peace of mind down.
So personally, I would advice you focus more on paying off your dept, you can invest little by little, but really pay more attention to paying off your debts, and when you do, you will have peace of mind, and will also make you allow your investment to grow, instead of selling untimely to pay off the dept.
right now i’m in debt for $6k but i want to keep DCA. should i focus more on pay my debt down or investing?
Clear off your debt first so you have a free mind while investing. It is bad practice not to pay off debt on time, If the people or cooperation you owe money find out that you are making plans to invest rather than try to pay off your debt with them first, they will not be glad. If you had 100k loan and ignored it, took another loan and invested everything a year ago at 30k you'd still make enough to pay back everything and have money on top of it by the end of the year.
That's not a very smart thing to, to go into so much debt for any investment, including bitcoin. Sure, you will most likely profit in the long run, but bitcoin price may stay below your entry for years and you might suddenly need money/lose job etc. On top of that, we live in very uncertain times with recession knocking at our door.
It took me many years to pay all my student loan debt, but I finally take on the freedom to start everything. After that I can still remember what I feel after I am free from my debt.
Start to save your money first, if you already in debt, start to pay it slowly. Don't ever do anything that would risk your money since you can lost it all. If you have a good job, you can save money to pay your debt faster. If you don't have a job that can pay your bills, then you need to make your work harder like doing freelance more than before. Do not spent money that you don't have because if you owe a lot of money with high interest rate it will take years for you to pay off your debt.
Start to save your money first, if you already in debt, start to pay it slowly. Don't ever do anything that would risk your money since you can lost it all. If you have a good job, you can save money to pay your debt faster. If you don't have a job that can pay your bills, then you need to make your work harder like doing freelance more than before. Do not spent money that you don't have because if you owe a lot of money with high interest rate it will take years for you to pay off your debt.
Start to pay your debt first, after you're no longer in debt you can do anything that you're wanted to do. Even you're want to gambling by buying a shitcoins, you can do! though you can lose all of your money if the shitcoins get delisted on the exchanges.
Based on my experience, I never life in serenity when I'm in debt. Everyday I only think how to get more money to pay all of my debt and I never think to do trading, invest etc that would risk my money.
Based on my experience, I never life in serenity when I'm in debt. Everyday I only think how to get more money to pay all of my debt and I never think to do trading, invest etc that would risk my money.
right now i’m in debt for $6k but i want to keep DCA. should i focus more on pay my debt down or investing?
Investing is good, but from the borrowed one is not a good practice and its better to pay your debt first before investing and because we can not predict the market and also the price of our coin sometimes lower sometime high. But from majority and experience must be better if we invest our extra money so that if the value of our investment are deeper then not just hurt unless longterm investment because there's a chance that after downward of the price there's a big increase. 
right now i’m in debt for $6k but i want to keep DCA. should i focus more on pay my debt down or investing?
You should pay your debt first before investing so you won't have problems with your debt especially if the interest is not low and I am sure you know that your debt will increase little by little until you can't afford to pay all of it. Borrowing money to invest is different situation where you borrow to use it to invest but if you are already in debt and want to borrow more to invest then that's not a good decision to make as you will be in debt more if your investment doesn't go in the right direction. 
Borrowing money to invest is called leverage investing. If your investment increases in value, you win! If your investment decreases in value, you lose. Usually you borrow some and use some of your own money, so you're not in debt when the market drops. If you're already in debt, you risk getting in deeper than you are already.
right now i’m in debt for $6k but i want to keep DCA. should i focus more on pay my debt down or investing?
Starting an investment without paying off your debt is like carrying more burden on yourself. Every investment has it own risk of lose, and maybe if anything happens in the market while investing that may result to lose, it can be a pressure of you thinking how to solve the problem of debt at hands and not realising a better profit from the investment. It is better to clear up your debts first before you can plan of making an investment. Jump to: