#107 | Why you should reject Dave Ramsey's Debt Snowball Method, and what to do instead

friends on FIRE - A podcast by friends on FIRE

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In this week’s episode, we talk about one of the most popular debt payoff strategies, Dave Ramsey’s Debt Snowball Method. It’s been around for a long time and has helped many people get rid of their debt. But this doesn’t mean it’s the best strategy for paying off your debt and maximizing your financial recovery. We discuss our thoughts on this method and explain why you should ignore it. And then provide you the reasons why a different method is better!