This is the best explanation I’ve seen to the snowball method, I actually didn’t understand why they call it snowball until today. Thanks for making this video!
Not quite long I started investing. I'm very curious and need help on how to enhance and increase my returns. Any good investment tips would be appreciated
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@@eadad4371 look her up on the internet and leave her a message she's quite popular for her services as she was recently featured on cnn. She can work with anyone irrespective of where their located
@@skoopqueen. I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot . This was of so much help to me .
Hi Monet! I just started a cash stuffing channel. I'm going to start this method soon. Paying credit cards each month can be a hand full. This was a very good video... I just subscribed.. Love it!🥰🥰
Awesome breakdown. I would also mention that it's usually good for people to have Dave Ramsey's baby step 1: Save $1000 fast. That way people have a safety cushion, while they're going aggro on their debt snowball. I always felt vulnerable when not having some savings, while getting aggressive on the debt per month. Was scared to over-extend.
The debt snowball method is effective, yet investing in assets such as rental properties or syndications might be a more strategic use of available funds than debt repayment. Targus primarily targets individuals with lower net worth who are burdened by debt. However, for those with a net worth exceeding $1 million, it's often more advantageous to focus on wealth accumulation rather than debt elimination. Repaying debt is not necessarily synonymous with achieving financial freedom.
Im about to be hit with over 1500$ worth of interest on 2 of my cards. 😢do I still start with my other couple of Lower amount credit cards or do I go for these big ones with no interest until August ?
This is past aug. anytime you have a credit card with no interest until so many months pay that first so you aren’t paying high interest if there is a balance when the it stats to calculate interest
Yes!!! You are such a great teacher when it comes to budgeting. So very detailed and organized. Thanks for helping others that wants to get started. ☺️
This was the greatest visual representation to break down the snowball method, while also being so supportive! I loved this, and I’ll definitely be coming back to it when I need a little extra motivation!
This is amazing! Would this method if things are in collections and such? I've made mistakes, and I'm finally at a point where I realize I need to stick to the changes that I attempt to make.
Thank you so so much for this video! I think the Debt Avalanche will be more suitable for me, but I definitely made note of everything for future reference. I love your presentation style!
Thank you for this video! I was aggressively paying off debt two years ago, but life happened and I got into debt further. I’m currently working on digging myself out this hole and I just needed a refresher on the snowball method.
I love these videos so much! You lay it out so simply so it makes so much sense. I used your video on how to create a cash budget by essentially "saving" from each paycheck for a bill and it has changed our finances! Thank you!!
What can I do If I was sick for a long time and my wife and I broke up and now I have a really low income employment and I'm homeless? Plus I owe a LOT...
How does this work with paying on a car loan instead of paying the whole amount owed? My note is 350 per month, so they won't accept 250 per month. I'd be in the hole. Doesn't make since.
As a homeless disabled woman dying from end stage non-alcoholic liver disease/cirrhosis and suffering from hepatic encephalopathy, I won’t be able to work much longer because of our situation and still increasing in medical debt and yet whose husband already is working three jobs and who both families have kicked us out after we went to them for help after losing our home. Note we did look into shelters and so called “churches” and we don’t qualify and we’re abused by them. So those are no-go and yes we did move to less expensive states to try to find cheaper living and still homeless. Any advice for someone in this particular situation - we’d be grateful.
My name is Mone't, and I wanted to know more about the snowball method to become debt free. The way God works this is the first video I clicked on, and your name is Monet!!!! with a channel called Monet's Money!!!!. Lol God is outchea and he's very clear and always right on time. Thanks love, from one Monet to another!!!!
Thank you so so much for this video! I think the Debt Avalanche will be more suitable for me, but I definitely made note of everything for future reference. I love your presentation style!
