Debt Reduction

Wow, Visitors Already!

So Cool, the incredible Neville, from Neville’s Financial Blog, was the first to post a comment. Awesome. A quick rationale behind paying off debt by smallest to largest balance, and not largest to smallest interest rate. It is pretty simple…It gets you motivated. When you see that first small debt gone, and then you see that next debt gone, it motivates you to keep going. I know that the “math” side of the brain says, “pay off the higher percentage first.” And some people will be perfectly capable of getting out of debt this way. But tons and tons will just give up because they don’t see any “progress.” This is less about the “nerdy” part of paying off debt,…

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Debt Story

Welcome, AKA, The very first post…

Hi All, this is my first post to my new blog. I will update this blog with information about my journey to get out of debt, stay out of debt, and stockpile tons and tons of cash. I am following the “baby steps” program suggested by Dave Ramsey. If you would like info about him or his 3 hour daily talk show, click here… www.daveramsey.com …I LOVE Dave’s stuff. My wife and I are on step 2. There are a total of 7 steps. I will outline the first 3 today, and go over a little about them for you. Step 1… Create a “baby” emergency fund of 1000 dollars. Put this 1000 dollars in a savings account or a…

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