“We used the debt snowball. And budgeting was a big part of that puzzle to stay on track.”

Erica Young · BiggerPockets Money · Best of BiggerPockets Money: $90K in Debt to Coast FI with $2.5M (Here's the Blueprint)

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What was described

used the debt snowball to pay off $90,000 debt over five years

90,000 debt, five years

Said nearby on the same subject

“As immediately, you get the KGB out of your life… you have about $10,000 IRS debt… pay that off this month”
DR
Dave Ramsey
The Ramsey Show ·
How they work $10,000 Share this moment
“Number two would be paying principal and interest repayments on your tax-deductible debt when you also have owner-occupied debt… preserve that, don’t pay it off”
PN
Pat Noll
Equity Mates Investing Podcast ·
Contrarian take Share this moment
“There’s so many strategies that people don’t even know about that they can do where you can literally pay off a rental portfolio in seven years by doing the old snowball effect, the good old Dave Ramsey snowball.”
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Said on Small Business Stories
Why it worked 7 years Share this moment
“Take the 150 billion off the 2 trillion in government debt… reduce debt by about 12% and save 8 billion a year”
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Said on Straight Talk with Mark Bouris
Why it worked $150 billion; reduces debt by ~12%; saves $8 billion annual interest Share this moment

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