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93 Why You Have to Pay Profits to Yourself First with Mike Michalowicz

The School of Greatness

CHAPTER

How to Pay Down Debt Simply Without Paying a Pain?

Debt is constant stress and I read a book by this guy named Dave Ramsey. He says, instead do what's called debt snowball, sort your debt by smallest amount to biggest amount due. Then pay the minimum payment, do everything you can to maintain all that debt to pay the minimum. Any remaining dollar above the minimum used to wipe out the first smallest debt. And you wipe that one out fast.

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