2989: How to Pay Off Your Debt: The Debt Snowball Vs. The Debt Avalanche by Kalen Bruce of Money Mini Blog

Optimal Finance Daily - Financial Independence and Money Advice

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 2989:

Kalen Bruce explores two powerful strategies for paying off debt - the debt snowball and the debt avalanche. By comparing their benefits and drawbacks, this article empowers you to choose the method that aligns with your financial goals and motivation style, whether you crave small wins or want to minimize interest payments.

Read along with the original article(s) here: https://moneyminiblog.com/debt-relief/pay-off-debt-snowball-vs-avalanche

Quotes to ponder:

"If you become debt free, you win. It doesn’t matter which method you used once you are debt free."

"Personal finance is less about the math and more about behavior, habits, and mindset."

"Sometimes the right method may not make the most sense on paper, but if it works, you still win!"

Episode references:

Dave Ramsey's The Total Money Makeover: https://www.amazon.com/Total-Money-Makeover-Dave-Ramsey/dp/1595555277

Learn more about your ad choices. Visit megaphone.fm/adchoices