S1E8 - Financial Readiness Friday: Mission Money - Debt Snowball vs Debt Avalanche

In this episode, we delve into two powerful strategies for tackling debt: the Debt Avalanche and Debt Snowball methods.

🏔️ Debt Avalanche: Like a skilled mountaineer, this method prioritizes high-interest debts first, systematically chipping away at your financial burdens. By targeting the most costly debts upfront, you save money in the long run and expedite your journey to debt freedom.

☃️ Debt Snowball: Picture rolling a snowball downhill, gradually accumulating momentum and size. With the Debt Snowball approach, you start by tackling your smallest debts first, gaining motivational wins that propel you toward larger financial goals. It's all about building momentum and confidence as you conquer one debt at a time.

Join me as I explore the nuances of each method, helping you identify the best approach to conquer your debts and pave the way to financial liberation. Don't let debt hold you back; take charge of your financial future today!

"To preserve their independence, we must not let our rules load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude.” -Thomas Jefferson