By the age of 33, Chloé Daniels wanted to be debt-free. She claims she had a troubled connection with money and was nearly $70,000 in debt.

Due to her student loan debt and her inability to escape the “paycheck to paycheck” lifestyle, Daniels claims that money was giving her a great deal of worry, anxiety, and sadness.

“I simply felt trapped by it. I’ll never be able to do any of the things I really want to do because I don’t know how to deal with this stuff, it was like.

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So she began documenting everything on Clo Bare, a personal blog for relationships and mental wellness. She began blogging in September 2017 with the intention of overcoming personal trauma, anxiety, and depression. She used the blog during her first year to express herself and hold herself accountable for personal development. The blog also helped her make a significant realization: she needed to have a better relationship with money, which required setting up a budget and learning about personal finance.

Then she realized that she had not only learned about debt but also investment. All debt was it bad? Should someone who is in debt invest?

Now Daniels adds, “I think the default in our country is: “Debt is terrible.” “Not all debt is bad, and you shouldn’t instantly assume that you should do all in your power to pay off debt and ignore investing altogether. People can frequently be doing both.

Daniels rapidly realized that paying off her debt by the age of 33 wasn’t the objective she should be aiming for. It involved learning how to simultaneously invest and pay off debt.

Then she realized that she had not only learned about debt but also investment. All debt was it bad? Should someone who is in debt invest?

Now Daniels adds, “I think the default in our country is: “Debt is terrible.” “Not all debt is bad, and you shouldn’t instantly assume that you should do all in your power to pay off debt and ignore investing altogether. People can frequently be doing both.

Daniels rapidly realized that paying off her debt by the age of 33 wasn’t the objective she should be aiming for. It involved learning how to simultaneously invest and pay off debt.

Source: https://time.com/nextadvisor/investing/influencer-increased-net-worth/

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