How to Pay Off Debt: Snowball Meets Avalanche
There are many methods for paying off debt. From the Debt Snowball Method to the Debt Avalanche Method, how do you know what to pay off first? Mindy Jensen has created her own system combining these two methods! Her theory is to first achieve a psychological win by paying off a small debt and then tackling the largest debt with the highest interest rate. This hybrid system will surely set you on the path to pay off your debt faster than choosing one method alone! ~~~~ Check Out Budgeting Part 1: ð    âĒ How to Budget and Track Expenses Successfully  ~~~~ Watch How to Save Money Each Month | +Free Budget Sheet:    âĒ How to Save Money Each Month | +Free Budge...  ~~~~ Listen to the BiggerPockets Money Show: https://www.biggerpockets.com/moneyshow ~~~~ Read Set for Life by Scott Trench: https://store.biggerpockets.com/colle... ~~~~ Get Tickets to BPCon 2021: https://www.bpcon2021.com/ ~~~~ Follow Mindy on Instagram: @mindyatbp or   / mindyatbp  00:00 Debt is a Four Letter Word 00:18 Mindy Jensen! 00:33 The Debt Snowball Method 01:18 The Debt Avalanche Method 02:02 Mindy's Hybrid Solution 03:06 Debt Exercise with Real Debts
