The fastest way to get out of debt isn’t always the way people think

The fastest way to get out of debt isn’t always the way people think.

Most people are told to pay off the highest interest rate first. On paper, that sounds smart. But in real life, that’s not always the method people stick with.

The debt snowball focuses on paying off your smallest balance first, then rolling that payment into the next debt, and then the next.

Example:
$1,500 credit card
$4,000 personal loan
$12,000 car note

Knock out the $1,500 first. Then roll that payment into the $4,000 loan. After that, attack the car note with even more momentum.

Why does this work so well?

Because progress builds confidence.
Confidence builds consistency.
And consistency is what gets debt gone.

The best payoff strategy is not always the one that looks best on a spreadsheet. It is the one you will actually finish.

If you are trying to clean up debt and improve your buying power, send me a message.

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