The Ramsey Show

Why Should I Pay Smallest Debts Off First? (Hour 2)


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Dave answers questions from across America about your life and your money. Featured call: A caller from St. Louis tells Dave he thinks he can by-pass the proven "Debt Snowball" method by paying off his higher interest loans first. Listen as Dave explains why it's pointless to try to cheat the steps: "The power of focus far supersedes whatever forced discipline that you can create there." Debt-Free Scream: A family from Kentucky visits the show to share what motivated them to start their debt-free journey: "We had these payments piled up on the table and we had a whole lot of payments left at the end of our paychecks on a monthly basis. It was just an overwhelming fear of 'How am I going to be able to support my family?'"   

 

Also Mentioned on the Show:

  • Learn the fastest way to get out of debt at Financial Peace University
  • Budgeting is easy with EveryDollar!
  • Help people win with money! Become an FPU Coordinator.
  • Learn how to make smart decisions now to help you live your retirement dreams with Retire Inspired

  

Thanks for listening!

 

Using Google Play? Here are links to the resources mentioned above:

  • Financial Peace University: https://goo.gl/Ui6MDT
  • EveryDollar: https://goo.gl/j2acMb
  • FPU Coordinator: https://goo.gl/zhrmcD
  • Retire Inspired: https://goo.gl/LL1RMU
...more
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