# @mumswhobuild on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/C6t_pq2oVzR
- **Gondola URL:** https://gondola.cc/posts/76668375-mumswhobuild-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/841d822392.jpg
- **Posted:** 2024-05-08T19:08:21.000+00:00
- **Account Owner:** The MOB: App + Slack Community (@mumswhobuild) — https://gondola.cc/mumswhobuild

## Caption

I get asked this A LOT 💰 and there is a simple answer…

NO ❌

If you have personal debt like credit cards, loans, store cards etc (excluding a mortgage) you need to prioritise paying that off in full BEFORE you start investing 

Debt is EXPENSIVE to service aka it costs you more to have debt than what you’d earn from starting to invest 

Debt will also negatively affect your credit score 💳 so you might loose out on opportunities if you need a good credit score, eg when applying for a mortgage 

Getting rid of debt is a foundational step in building financial security 

Download our free toolkit that enables you map out the ways to pay off your debt in as shortest time as possible 

And keep your eyes peeled for more support with building financial security soon from The MOB 🎓 we are working hard in the background to create more support and resources to get your financially fit 💪

If you want practical help fast, register for a spot on our monthly financial working sessions that happen on the last Monday of the month - see the events page on our website for more details 🤩

B x

The MOB enables mums to build more financial security 
Join us and get more support in building your 💰💰

#financialfitness#debt#creditscore#myrichlife

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- **Likes:** 6
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## Credits

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## Tags

financialfitness, creditscore, debt, myrichlife

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