--- title: "Meaning & Key Takeaway of: First, pay off your high-interest-rate…" description: "\"First, pay off your high-interest-rate debt. If you have student loan debt - that's low interest rate; that has a tax benefit - you can leave that out...." image: "https://sms4smile.com/quotes/i/a2a/sallie-krawcheck-4304_credit_first-pay-off-your-high-interest-rate-de_670306.png" --- # First, pay off your high-interest-rate debt. If you have… ![“First, pay off your high-interest-rate debt. If you have student loan debt - that's low interest rate; that has a tax benefit - you can leave that out. A mortgage can be an OK one. Credit card debt is poison. That needs to be paid off right away.” quote by Sallie Krawcheck](https://sms4smile.com/quotes/i/a2a/sallie-krawcheck-4304_credit_first-pay-off-your-high-interest-rate-de_670306.png) [Download](https://sms4smile.com/quotes/i/a2a/sallie-krawcheck-4304_credit_first-pay-off-your-high-interest-rate-de_670306.png) [Open image](https://sms4smile.com/quotes/i/a2a/sallie-krawcheck-4304_credit_first-pay-off-your-high-interest-rate-de_670306.png) > “First, pay off your high-interest-rate debt. If you have student loan debt - that's low interest rate; that has a tax benefit - you can leave that out. A mortgage can be an OK one. Credit card debt is poison. That needs to be paid off right away.” [Sallie Krawcheck](https://sms4smile.com/quotes/author/sallie-krawcheck/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Prioritize eliminating high‑interest debt, especially credit cards, before tackling lower‑interest obligations. **In simple terms:** Pay off costly debt first. Key Takeaway Eliminate high‑interest liabilities. Themes finance debt prioritization Mood practical encouraging Type advice instructional When to use this quote - personal budgeting - loan consolidation - credit repair - financial planning Key Concepts interest rates financial health budgeting Questions to Reflect On - Which debts cost you most? - How will you restructure your payments? A Different Perspective Some low‑interest debts may still be burdensome despite tax benefits. ★ ★ ★ ★ ★ No ratings yet [Credit](https://sms4smile.com/quotes/about/credit/) [Credit card debt](https://sms4smile.com/quotes/about/credit-card-debt/) [Customer](https://sms4smile.com/quotes/about/customer/) [Interest](https://sms4smile.com/quotes/about/interest/) [Poison](https://sms4smile.com/quotes/about/poison/) [Student loan](https://sms4smile.com/quotes/about/student-loan/) ## Related quotes > [The burden of student loan debt weighs heavily on both students and families across New Jersey.](https://sms4smile.com/quotes/mikie-sherrill/the-burden-of-student-loan-debt-weighs-heavily-on-both-students-and/) [Mikie Sherrill](https://sms4smile.com/quotes/author/mikie-sherrill/) > [I don't come from a family that had the money to put me through college, so I left school with $100,000 in student loan debt.](https://sms4smile.com/quotes/candace-owens/i-don-t-come-from-a-family-that-had-the-money-to-put-me-through/) [Candace Owens](https://sms4smile.com/quotes/author/candace-owens/) > [Student loan debt is a real problem. People want to have serious conversations about that.](https://sms4smile.com/quotes/ana-kasparian/student-loan-debt-is-a-real-problem-people-want-to-have-serious/) [Ana Kasparian](https://sms4smile.com/quotes/author/ana-kasparian/) > [“I have carried the weight of my student loan debt for about half of my life now, but I have not been “defined by…](https://sms4smile.com/quotes/cheryl-strayed/i-have-carried-the-weight-of-my-student-loan-debt-for-about-half-of/) [Cheryl Strayed](https://sms4smile.com/quotes/author/cheryl-strayed/) > [War at home is matched by a war on youth. I wrote about this recently. 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And did you know student loan debt is the most dangerous debt any of us can have?](https://sms4smile.com/quotes/suze-orman/learn-how-to-prioritize-all-your-debt-and-did-you-know-student-loan/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [“What I know for sure is that freaking out about your student loan debt is useless. You’ll be okay. It’s only money. 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The research, however, tells us that, on trading floors, that poor risk rises…](https://sms4smile.com/quotes/sallie-krawcheck/as-a-society-we-have-this-perception-that-women-are-emotional-the/) [Sallie Krawcheck](https://sms4smile.com/quotes/author/sallie-krawcheck/) > [Ask any woman who has gone through a divorce and had her standard of living decline substantially. Ask any woman who's been fired or…](https://sms4smile.com/quotes/sallie-krawcheck/ask-any-woman-who-has-gone-through-a-divorce-and-had-her-standard-of/) [Sallie Krawcheck](https://sms4smile.com/quotes/author/sallie-krawcheck/) > [I make it a priority to keep in touch with people with whom I've worked in the past. 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