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Debt Snowball Vs Debt Avalanche (With Real Numbers) | Ep 16
Watch the YouTube version of this episode HERE or read the written version HERE
►Research stocks with Seeking Alpha https://seekingalpha.me/VanillaInvestor
►The Vanilla Newsletter - get the written version of episodes in your email every Sunday: https://vanillainvestor.com
►Get your FREE Spending Tracker https://spendingtracker.vanillainvestor.com
►Investing/Personal Finance books you should read https://amzn.to/3TFcfny
In this episode, we will go over the best debt repayment method that you should follow! And with real world numbers to help illustrate how long it takes to pay off your debt and how much interest you paid along the way.
Welcome to The Vanilla Podcast, hosted by Ivan from the Vanilla Investor. On this podcast you’ll learn everything investing-related, smart personal finance tactics and achieving financial independence for you and your loved ones! We talk about the ways of investing your money in the stock market, the most optimal debt repayment strategies, and how you can work your way to a millionaire even on a low salary!
Timestamps:
(00:27) - Debt snowball
(02:11) - Debt avalanche
(03:17) - Example with numbers
(08:01) - Comparing the 2
Follow Vanilla Investor’s Socials:
LinkedIn | Instagram | Facebook | TikTok | YouTube | Twitter | Website
View all episodes
By Vanilla InvestorWatch the YouTube version of this episode HERE or read the written version HERE
►Research stocks with Seeking Alpha https://seekingalpha.me/VanillaInvestor
►The Vanilla Newsletter - get the written version of episodes in your email every Sunday: https://vanillainvestor.com
►Get your FREE Spending Tracker https://spendingtracker.vanillainvestor.com
►Investing/Personal Finance books you should read https://amzn.to/3TFcfny
In this episode, we will go over the best debt repayment method that you should follow! And with real world numbers to help illustrate how long it takes to pay off your debt and how much interest you paid along the way.
Welcome to The Vanilla Podcast, hosted by Ivan from the Vanilla Investor. On this podcast you’ll learn everything investing-related, smart personal finance tactics and achieving financial independence for you and your loved ones! We talk about the ways of investing your money in the stock market, the most optimal debt repayment strategies, and how you can work your way to a millionaire even on a low salary!
Timestamps:
(00:27) - Debt snowball
(02:11) - Debt avalanche
(03:17) - Example with numbers
(08:01) - Comparing the 2
Follow Vanilla Investor’s Socials:
LinkedIn | Instagram | Facebook | TikTok | YouTube | Twitter | Website