[Sniper]

Conventional wisdom is wrong... you should be paying off debt and saving/investing at the same time.

Here are some additional thoughts for you..

1. Negotiate with your credit card companies to reduce your interest rates. With diligence, you should be able to get the rates on your cards down to 10% or less, unless you have a bad credit history.

2. Max out your 401K contributons each year.

3. Pay yourself first... take 10% of your gross, split it in half each check and 1/2 goes to investments, 1/2 to pay credit card debt above your current payment level.

4. Look for ways to reduce your expenses... 1 less cup of starbucks every day adds up, drop a mag subscription that you dont really read anyway, etc... put the extra saved into your investment account.

5. Every year, increase the pay yourself first % by 1-2%

6. Use the Bonus $, 1/2 to investments and 1/2 to extra debt payments immediately when you receive it.

Hope I've given you some things to think about!