Alfie has £45k of student debt at 7.1% interest. He asks "Should I focus on trying to take chunks off this debt, with my yearly bonus, or invest it?"

What's your biggest question about money? Email makingmoney@kindling.media.

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You can find all our previous newsletters on our website: www.makingmoneypodcast.co.uk/episodes.

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Get 45% off Blinkist after a 7-day free trial: [ Ссылка ]

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Here are some of the biggest investment platforms in the UK - and Damo uses all of them too.

Some of these are affiliate links. If you purchase a product or service using one of these links, we will receive a small commission from the seller. There will be no additional charge for you.

Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.

InvestEngine
Get a £25 bonus when you invest at least £100.
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Vanguard
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This is not an affiliate link.

Trading 212
Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1.
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If you do not get your free share after depositing at least £1, use the promo code ‘MM’ (for Making Money). You can use this code for up to 10 days after opening the account.

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This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.

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