ilmscore | Prediction Details
"The debt snowball strategy is the strategy that Dave Ramsey talks about all the time what this says is you are going to list your debts not by the interest rate that you're paying but by the size of the debt and what you're going to do here is you're going to pay off the smallest debt first and then go the next smallest and then the next smallest the whole idea behind this is you're going to ignore the interest rates and you're going to pay off debts in a way where you can pay off the smallest balance first that way you can get the small wins that way you can get the psychological reassurance that you're doing something right and that you're winning here"
By Minority Mindset | January 7, 2024 | Pending
From video
This LOOPHOLE Lets You (Almost) NEVER Pay a Mortgage Bill Again 01:09:07 - 01:09:38
Interpreted Prediction
The 'debt snowball' method involves paying off debts in order of smallest balance first, regardless of interest rate, to achieve quick wins and psychological motivation.

Prediction Details

Topic
Debt Management

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