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Episode 3423:
Jackie Beck explains why emotions, not logic, are the key to successfully paying off debt. By focusing on the smallest balances or the debts that weigh heaviest emotionally, you’re more likely to build momentum and stay motivated, leading to long-term behavioral change and financial freedom.
Read along with the original article(s) here: https://www.jackiebeck.com/what-debt-to-pay-off-first/
Quotes to ponder:
"Put your debts in order from smallest to largest and get rid of the first one as fast as you can."
"Logic wasn’t a factor in getting into debt, and it’s not going to be the biggest factor in getting out."
"Remember, a huge part of how to get out of debt is changing your behavior for good."
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Optimal Finance Daily - Financial Independence and Money Advice