So you have decided to start paying down your debts. If you only have a mortgage that you can easily afford, this is not a problem. But if your are drowning in debt, what do you do? Let’s investigate the options you have here; the debt snowball and the debt avalanche. I will assess both debt strategies here, assisted by a case study with Jeff, who’s in quite some debt.
I don’t know a lot of people in my personal life (outside of blogging) who are in a financially sound position. Most are spending, spending, spending. And that’s fine. There must be people that spend money in order for business to make profits so they can return those profits to me as an investor. Anyway, … Read moreHow My Colleague Lost 400,000 With This Financial Decision