Debt repayment strategy: debt snowball or avalanche
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Making the decision to start paying off your debt can be difficult. Finding the best way to do this can be even more difficult. In this video, we'll break down the two most popular debt repayment strategies: the debt snowball and the debt avalanche. We'll look at how each works and help you decide which one is best for you.
Time codes:
0:00 – Introduction
0:16 – Debt – Wealth Killer #1
2:11 – Debt snowball method
3:46 – Debt avalanche method
4:35 p.m. – Automation
17:08 – So which is better?
17:46 – Tae’s preference
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DISCLAIMER: I am not a financial advisor. These videos are intended for educational and entertainment purposes only. I'm just sharing my personal opinion. Please seek professional help if needed.
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