I’ve been using this approach but for paying credit bills.

Ludicrous, yeah?

Actually, I’ve been targeting the bills with my disposable income. I still pay them regularly and invest my disposable income until the balance reaches my lowest card or bill. Then I sell and pay them off.

I’m paying taxes on small short term gains, but I’m paying off credit that accrues interest. It’s been a great way to have fun in the market while targeting a better lifestyle.

I don’t go in at high risk. I buy stocks like Apple and Microsoft. By the time I sell I maybe have made $6 on a stock in gains but that’s usually more than a savings account.

For me it’s less about the risk and more about the mindset. It’s more engaging for me to park money in the market. When the value of paying off debt becomes higher than the balance in my stock fund I drain it and start over.

I’ve freed up $1622.00 per month so far doing this because it’s fun! I’m starting to do the same but for other things like items I want to buy in the future, etc.

Instead of financing a new mirrorless camera, why not buy stock in stable companies and make returns on my funds until I can afford it? That’s like reversing the idea of financing on its head without just resorting to cash savings.

So that’s my take. You learn about the market while your risk remains low (50% loss on $500 is a lot less than a $4000 travel fund).

*as of writing, I have $598.00 in the market with 2.7 shares of Apple and 1 share of Microsoft. I’m at a $13.77 gain. My next Bill to pay off is my Best Buy card which currently is not accruing interest. I’ll continue until my balance reaches $1000 and then make a bulk payment and start over. See? Fun!

Quality Assurance Analyst, Web Developer, and Tech Enthusiast

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