Debt Snowball vs. Debt Avalanche | HOW TO PAY OFF DEBT FAST (Best Methods Explained)

FREE DOWNLOAD of Debt Free Printable: https://erikakullberg.com/debtfree

If you have debt, you’ll want to watch this: I’m going to talk about 2 common strategies used to pay off debt: Debt Snowball and Debt Avalanche.
In this video, I’ll explain what the debt snowball and debt avalanche method are, work through some concrete examples so you can see for yourself, and weigh the pros and cons so you can decide which payoff method might work best for your debt payoff. I’ve also included a free debt payoff printable that goes with this video that says “DEBT FREE”! Download it using the link above and send me your progress on Instagram @erikankullberg

As I mention in the video, my personal preference (and the way I paid off my $200k+ of student loans) was using the debt avalanche method. But, debt and personal finances is very personal, so you should figure out what method works best for you. It doesn’t matter to me--what matters to me is that you become debt free, because I promise it’ll be the most freeing feeling in the world!
▽MY RECOMMENDATIONS▽

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➤ SOFI
1) 🎓 SoFi - Get $100 when you refinance Your Student Loans to Cut the Interest Rates! (I refinanced with SoFI!)
https://www.sofi.com/share/223292

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➤ WEBULL
2) 📲 Webull - Investing App - Earn 2 Free Stocks (valued at up to $1400) when you deposit $100.
https://erikakullberg.com/webull

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➤ ROBINHOOD
3) 📈 Robinhood - Investing App - Earn 1 Free Stock when you open an account.
https://erikakullberg.com/robinhood

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➤ PERSONAL CAPITAL
4) 📊 Personal Capital - Finance Tracker - Get $20 when you open an account.
https://share.personalcapital.com/x/qxY7Eg

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➤ CAPITAL ONE
5) 💰 Capital One - Credit Card - Earn up to 50,000 bonus miles with a Capital One Venture Rewards Card (one of my favorite cards)
https://capital.one/2DheZj5

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➤ RICH DAD POOR DAD
6) 📚 Rich Dad Poor Dad - Book - This is my favorite personal finance book
https://amzn.to/2I0f6Wd

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➤ FREE DOWNLOADS
7) 💸 Download the budget & expenses tracker or the net worth tracker I created
Free Budget & Expenses tracker: https://bit.ly/3aTYOrJ
Free Net Worth tracker: https://bit.ly/2U5UOOR

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➤ OTHER RESOURCES
8) 📧 For other resources, check out my website
http://www.erikakullberg.com/resources

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About ME:
Hello! My name is Erika Kullberg. I'm a lawyer by profession, but my passion is personal finance. After I graduated, I had over $200,000 of student debt, so I made it my mission to dive into everything personal finance-related, so I could equip myself with the tools to pay off the student loans as quickly as possible. I ended up paying them off in under 2 years, and now it's my passion project to share with you all of the strategies I've used to pay off my student loans, increase my net worth, credit card hack (travel on points), invest, house hack (invest in real estate), build passive income streams, and more. I hope you'll join me—I'll have a new video with filled with valuable personal finance tips every Tuesday!

📮 LET'S CONNECT!
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Website
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NOTE: This description contains some affiliate links, meaning that I may earn a minimal commission if you click through and use these links (at no additional cost to you).

Disclaimer: I am not a financial advisor. Although I am lawyer by profession, I am not your lawyer and no attorney-client relationship is established with you in any way. This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as financial or legal advice.

#howtopayoffdebt #debtpayoff #debtfree

Видео Debt Snowball vs. Debt Avalanche | HOW TO PAY OFF DEBT FAST (Best Methods Explained) канала Erika Kullberg