EPISODE 121: HOW THE DEBT SNOWBALL WORKS
Welcome to the Monday Money Tip Podcast! Are you working on Rung #4 of the I Was Broke. Now I’m Not. Ladder -- paying off all non-house, non-business debt? It can be a challenging step to accomplish, but you can make progress quickly with the right technique! In this episode, we’re explaining how the debt snowball works for paying off debt. Should you focus on the highest interest rate or smallest debt? We’re breaking down how it all works. In our Current Money Events segment, we’re talking about finding and funding your dreams. Our success story comes from Todd, who shared that after three months of attending our Financial Learning Experience, he’s paid off his car loan and has one month’s expenses saved up!
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About the Episode:
In this episode, we’re explaining how the debt snowball works for paying off debt. Should you focus on the highest interest rate or smallest debt? We’re breaking down how it all works.
In our Current Money Events segment, we’re talking about finding and funding your dreams.
Our success story comes from Todd, who shared that after 3 months of attending our Financial Learning Experience, he’s paid off his car loan and has one month's expenses saved up!
Episode 19: Is All Debt Bad?
Episode 28: 8 Ways to Speed Up Debt Elimination
Episode 61: The I Was Broke. Now I’m Not. Ladder - Explained
Episode 84: Is All Debt Equal?
Episode 109: Making Your Student Loans Disappear
Episode 117: Celebrate Along the Way
Email info@iwbnin.com to ask questions or share success stories.
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