How To Pay Off Debt (Debt Snowball vs Debt Avalanche)

In this video I show you how to pay off debt using the Debt Snowball or the Debt Avalanche method.

There are two fundamental differences between the Debt Snowball and the Debt Avalanche methods, which we go over in this video.

Essentially, the Debt Snowball method has you paying off your debt in order of smallest amount owed to the largest amount owed regardless of interest rate.

The debt Avalanche, however, has you paying off your debt from highest interest rate to lowest interest rate, regardless of amount owed.

There are pros and cons to both, and I will show you in a real Excel spreadsheet how the debt snowball and the debt Avalanche will help you pay off debt!

Make sure you watch until the end of this video to fully understand how to pay off debt using the Debt Snowball and Debt Avalanche strategies!

SPREADSHEET USED:
vertex42.com/Calculators/debt-reduction-calcula…

WBF UNIVERSITY - JOIN MY SCHOOL HERE
► whiteboardfinance.com/wbf-university-waitlist

LIMITED TIME - Get 1 FREE STOCK ON ROBINHOOD
► whiteboardfinance.com/go/robinhood

FUNDRISE - INVEST IN REAL ESTATE FOR ONLY $500
► whiteboardfinance.com/go/fundrise

M1 FINANCE - INVEST FOR FREE (Yes, Really)
► whiteboardfinance.com/go/m1-finance

My FREE M1 Finance Training Video
► whiteboardfinance.com/go/m1-finance-training

My FREE Stock Market For Beginners Guide
► whiteboardfinance.com/go/stockmarket4beginners

GET MY HOME AFFORDABILITY SPREADSHEET HERE
► patreon.com/whiteboardfinance

SCHEDULE A COACHING CALL WITH ME
► whiteboardfinance.com/go/marko-coaching

HOW TO BUY & STORE BITCOIN
► whiteboardfinance.com/go/bitcoin

THE BEST CREDIT CARDS TO USE RIGHT NOW
► whiteboardfinance.com/go/best-credit-cards

CHECK OUT MY BLOG:
► whiteboardfinance.com

FOLLOW ME ON INSTAGRAM
► instagram.com/whiteboardfinance

Instrumental Produced By "iAmHaywood" on IG
Instrumental Produced By Chuki:
youtube.com/user/CHUKImusic

ABOUT ME 👇

My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.

This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.

Subscribe if you are interested in:
#Investing
#PersonalFinance
#Entrepreneurship
#StockMarket

DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.