Pay off the credit cards first, keep the car loan unless its rate is high, and put the rest into the business.
"Here's how Hormozi would probably put it, based on what he says again and again: Don't rush to pay off the car loan. If the rate is around 5–7%, it's cheap money…"
Confident, in his voice, and the standard financial-advice answer. No source behind it.
Pay off the car loan and the credit cards first. Then fund only what has already shown it pays back.
"ideally a paid-off clunker is the best way to go… ideally just pay off your car so you don't have to think about it again."
▶ youtube · 2:08
"I tend to skew like very close to the Ramsey side… debt increases risk."
▶ youtube · 8:37