The Debt Snowball

Have you ever heard of the Debt Snowball? How does it work? Well, let's say you have a lot of bills that need to be paid. List them from smallest to largest. Then here is what you do. Pay off the first bill as fast as possible, take the money you were using to pay off the first bill, and add it to the second bill. Once that second bill is paid off, use the money from bill #1 and #2, add them together to pay off bill #3. Before you know it, you have a lot of money that has "snowballed" to pay off your largest debt. This is how you will be debt free and can start on paying off your house. Imagine what it would be like!!!

I truly believe in the steps to financial freedom. As this is the second step, there are number of other steps that you must do in order to have a strong offensive and defensive plan. Schedule time with me to discuss how I can help you. Contact me here: Link

Jim Poirier

PearTree Financial Coach

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Phone: 309-669-9448

Location: Bartonville IL, 61607

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