Move from Debt-Dependent to Debt INdependent with debtN2wealth
There's no doubt that the "debt snowball" method is the fastest way to eliminate debt (outside of winning the lottery or getting a big inheritance, of course) but the problem is it always ends in ZERO.
Zero debt.
Zero savings.
Zero investments.
Zero wealth.
What happens next?
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The next purchase is financed again – by a bank. Right back in debt.
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The next emergency (roof repair, car repair, fix/replace the air conditioner or heat) goes right back on a credit card and you're right back in debt again.