The guy I like to call the godfather of financial blogging, Luke Landes (aka “Flexo”) visits the basement again for a rousing discussion that’s a tale as old as time….debt snowball or debt avalanche?
If you don’t know the difference, you’re in for a treat…and if you DO know the difference, I think you’ll like Luke Landes’ refreshing take on the whole debate. Even if you think that the “horse is dead” there’s still lots of ground we cover about not being a lemming, coming up with a plan that suits you best, and the importance of community when paying down debt.
SHOW NOTES
<> Open
<> StackingBenjamins.com/Amazon
<> Luke Landes from Consumerism Commentary: Debt Snowball vs. Debt Avalanche
Luke’s piece on this topic: Debt Reduction Methods and Philosophies: Snowball, Avalanche and More
<> End Show
Play our game! In the first few minutes of each episode we’ve hidden a clue. Tell us the game we’re playing AND the answer to win. Email me at joe (at) stacking benjamins (dot) com with your guess.
It really depends on what motivates a person to pay off debt. No one answer is better than the other. Just as long as the person is focused on paying off.
Im not seeing the article, is it missing?
Yipes! Sorry about that: http://www.consumerismcommentary.com/the-correct-way-to-pay-off-personal-debt-the-debt-avalanche/