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4:14
humix.com
Mastering Your Finances: The Debt Snowball Method Demystified
In this informative video, we dive into the powerful Debt Snowball Method, a proven strategy for conquering your debts and achieving financial freedom. Starting with an introduction to the method, we break down the three essential steps that will help you take control of your finances. Step 1 focuses on assessing your debts and creating a ...
Aug 8, 2023
Debt Snowball Method
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Let’s make a debt payment on the first card in our snowball #debtsnowball #debtfreejourney #debtpayoff #payingoffdebt
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120.3K views
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0:07
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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