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The Hidden Cost of Paying Off Debt

Illustration showing a choice between debt repayment and investment, with money and documents on each side of a dollar sign symbol.

The Hidden Cost of Paying Off Debt: Understanding Opportunity Cost Most people assume that the faster you pay off debt, the better. And while reducing debt is usually a good idea, there’s a hidden cost most people never consider—the opportunity cost. The time it will take to get rid of debt is really the hidden […]