1965: [Part 1] Debt Snowball Vs. Debt Avalanche: The Showdown by Scott Rieckens

Scott Rieckens of Playing With Fire compares the debt snowball to the debt avalanche. This is part 1 of 2.

Episode 1965: [Part 1] Debt Snowball Vs. Debt Avalanche: The Showdown by Scott Rieckens

A successful entrepreneur living in Southern California, Scott Rieckens had built a “dream life”: a happy marriage, a two-year-old daughter, a membership to a boat club, and a BMW in the driveway. But underneath the surface, Scott was creatively stifled, depressed, and overworked trying to help pay for his family's beach-town lifestyle. Then one day, Scott listened to a podcast interview that changed his life. Five months later, he had quit his job, convinced his family to leave their home, and cut their expenses in half. Follow Scott and his family as they devote everything to FIRE (Financial Independence Retire Early), a subculture obsessed with maximizing wealth and happiness. Filled with inspiring case studies and powerful advice, Playing with FIRE is one family's journey to acquire the one thing money can't buy: a simpler — and happier — life.

 The original post is located here: https://www.playingwithfire.co/blog/debt-snowball-vs-debt-avalanche-the-showdown 

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Diania Merriam

Diania Merriam is the founder of The EconoMe Conference, an event centered around financial independence. After getting out of $30K of debt in 11 months, she used her newfound financial freedom to walk 500 miles across northern Spain on the Camino de Santiago. Diania saves 60% of her income and is on track to be financially independent by the time she’s 40 years old. She’s passionate about personal finance and thrilled to be the new host of Optimal Finance Daily. When she’s not working, you can find her cooking and hiking with her best friend, an 80 lb German Shepard Lab mix named Buddy.