“Don't rush to pay off debt. That's not a strategy. That's a panic.”

Wendy Wright · Take Back Retirement · 146: Financial Therapy: The Intersection of Money and Emotions with Wendy Wright (rerun)

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What was described

advise clients to avoid rushing to pay off debt, focusing on staying out of debt first

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”
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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”
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Pat Noll
Equity Mates Investing Podcast ·
Contrarian take Share this moment
“We used the debt snowball. And budgeting was a big part of that puzzle to stay on track.”
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Erica Young
BiggerPockets Money ·
Why it worked 90,000 debt, five 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”
♫
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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