Learn the fastest – and cheapest– way to pay off your debt or loans.
BUT – make sure you are set on all foundations of your financial plan. If you’re wanting to invest, the following link is a great starting point!
Get $50 free to invest when you open and fund $100 to an M1 account: https://m1.finance/6DsN-MGZ-HMD
There are three main debt payoff strategies. Each of these methods has its pros and cons, but only one strategy is mathematically most efficient.
The three strategies, ranked from my least favorite to my favorite are:
1. Emotional Method
2. Snowball Method
3. Avalanche Method
The video goes into detail on how each payoff plan works.
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DISCLAIMER: Mark Palmer, including but not limited to any guests appearing in his videos, is not a financial/investment advisor, broker, or dealer. He is solely sharing his personal experience and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing, and Mark Palmer’s results are not typical; therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or external hyperlinks. For investment advice please seek the counsel of a financial/investment advisor(s); and conduct your own due diligence.
Affiliate Links Disclosure: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, Mark Palmer may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact Mark Palmer’s opinions and comparisons.