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.