What Makes THIS Work So Well?
Jul 24, 2024 10:21 pm
Good Afternoon
So what makes the debt snowball work so well?
All right. For example:
You have three debts...
- $500 on a credit card
- $1, 000 on a personal loan
- $5, 000 on the other, the car loan, let's say.
You focus on paying off the $500 loan first, okay? That way, when you get ready, you're actually able to take that 500, right there, that minimum monthly payment that you were paying to the credit card and place that money to the next largest loan.
Well, it's because the quick victories give you that psychological boost and help you stay on track. It's generally wise to make sure that you're staying on track. It's wise to stay motivated, especially in the beginning stages of debt elimination.
These small wins can make a huge difference in your mindset and then keep you committed to your goal.
So here's some more tips to implement that debt snowball method successfully.
And of course, you've already heard about the debt blizzard method where you're mixing the debt snowball and Velocity banking and that's what equates to a debt blizzard.
If you are still new to that, stay tuned we have way more where that came from.
Remember that all of this is covered in my class as well. It now comes with your very own Velocity Banking Debt Elimination Plan... personalized to you:
Get it now --> https://bit.ly/VelBan2
Go forth and prosper,
CJ Wallace