How To Pay Off Debt | DO NOT use Dave Ramsey's Debt Snowball
Chandler Smith has been investing in real estate for years and so he has acquired millions of dollars of real estate (and millions of dollars of debt.) However, Chandler has only acquired good debt and in this video he explains the best way for you to get rid of your bad debt. Chandler specifically discusses Dave Ramsey's snow ball method of paying off debt. He expresses his gratitude to Dave for helping thousands of people get out of debt with this method but also shares why the snowball method is not the best way to get out of debt. The snowball method teaches to attack the smallest debt first while Chandler expresses the importance of attacking the highest interest rate debt first. This video give great examples so that anyone can understand how debt and interest work. It shows you that if you are in debt you can get out of it more quickly as you avoid using the debt snowball.