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Can I start investing even when I have debt?

Continental assestOne of the most commonly asked questions is: Can I start investing even when I have debt?
The simplest answer is yes, so long as you develop a good debt management plan.
First, identify all your debts, both long-term and short term. Also identify debts with a high interest rate as these will become very costly in the long run.
Next, put aside a percentage of your monthly income towards settling your debts.
Finally, aim to clear off all high-interest debts as soon as possible. Where possible pay off more than the monthly instalment when you have excess cash flows as this will reduce your debt burden and set you on the right path to start investing!

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