#121: How the Debt Snowball Works

<p><strong>About the Episode: </strong></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">In this episode,</span> <span style="font-weight: 400;">we’re explaining how the debt snowball works for paying off debt. Should you focus on the highest interest rate or smallest debt? We’re breaking down how it all works. </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">In our Current Money Events segment,</span> <span style= "font-weight: 400;">we’re talking about finding and funding your dreams.</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Our success story comes from</span> <span style= "font-weight: 400;">Todd, who shared that after 3 months of attending our Financial Learning Experience, he’s paid off his car loan and has one month's expenses saved up! </span></li> </ul> <p><strong>Resources:</strong> <span style= "font-weight: 400;"><br /></span><a href= "https://iwbnin.infusionsoft.app/app/storeFront/showProductDetail?productId=261"><em><span style="font-weight: 400;">OXEN: The Key to an Abundant Harvest</span></em> <span style= "font-weight: 400;">Online Study</span><span style= "font-weight: 400;"><br /></span></a><a href= "https://www.iwasbrokenowimnot.com/budgeting"><span style= "font-weight: 400;">Next Steps Section</span></a><br /> <a href= "https://ministrydeal.clickfunnels.com/2020-money-book34168297"><span style="font-weight: 400;"> BOOK:</span> <em><span style="font-weight: 400;">20/20 MONEY: Gaining Clarity for Your Financial Future</span></em></a><br /> <a href="http://www.iwbnin.com/ladder"><span style= "font-weight: 400;">IWBNIN Ladder</span></a><br /> <a href= "https://www.annualcreditreport.com/index.action"><span style= "font-weight: 400;">Annual Credit Report</span></a><br /> <a href= "http://www.josephsangl.com//?smd_process_download=1&download_id=7164"> <span style="font-weight: 400;">TOOL: Debt Freedom Date Calculator</span></a></p> <p><strong>Related Monday Money Tip Podcast Episodes:</strong><br /> <a href= "https://ww