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1:24
YouTube
TheDebtFreeBlueprint
Dave Ramsey’s Debt Snowball Approach Explained
Are you feeling overwhelmed by debt? The debt snowball method could be the key to your financial freedom! In this video, we break down how the debt snowball approach works, step by step. You'll learn how to get started by listing your debts from smallest to largest and see how paying off that first small debt can give you the momentum you need ...
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Overwhelmed by debt and not sure where to start? Let me introduce you to the debt snowball method: a proven way to pay off debt fast and build momentum. Here’s how it works: 1️⃣ List your debts from smallest to largest balance (ignore interest rates). 2️⃣ Pay minimums on everything except the smallest debt. 3️⃣ Attack that smallest debt with everything you can until it’s gone. 4️⃣ Once it’s paid off, take that payment and roll it into the next smallest debt. As you go, your payments grow like a
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