paying off debt is baby step two and it's going to be almost impossible to build wealth and to save six figures if debt payments are constantly draining you financially now I know it can feel kind of daunting and overwhelming to think about paying off your debt but you have to get any and all debt out of the way so that you can free up your income so that you can build real wealth longterm once all of your debt is paid off then you really are going to have the momentum to build up some good savings.