This week, Sim breaks down exactly what to do when you come into a lump sum of money, from a $10,000 bonus to a $40,000 windfall, using her simple decision matrix. She covers the order of operations for tackling high interest debt, building a three to six month emergency fund, and deciding when to invest so you can feel confident you are making a smart move. If you have been wondering whether to pay down debt or invest, this episode gives you a clear plan to protect your future and stop feeling overwhelmed.Watch the episode on Youtube hereFor more Friends That Invest:Stock Market Tea newsletter: build financial freedom in under 5 minutes a week. Join 115,000+ investors in training.InstagramTikTokTwitterFacebook Hosted on Acast. See acast.com/privacy for more information.

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“What did the council decide on item 42?” — answered with the speaker and the moment.