Debt Snowball vs Debt Bazooka

Related Linkage:

J.D. Roth of  The Get Rich Slowly bolg - Check out the interview podcast he did with Duff (featured below). J.D. talks about the psychology behind Dave Ramsey's Debt Snowball. The strategy may work for you. I think you'll like what you hear and want to listen to JD's 2nd interview.
[see my comments at the bottom of this post concerning bankruptcy]

Meet:

Duff McDuffee - He recently started a cool personal development blog called Precision Change. Duff interviews bloggers on his podcast. Here is a bonus link to one of the podcasts I enjoyed:


Brian Johnson -“The Secret” Looks Good in Overalls

Notes on bankruptcy:
Hey folks, Dave Ramsey puts out some good info on his radio show to be sure, but his "death before bankruptcy" concept goes too far. He perpetuates the myth that bankruptcy is the end of the world. I filed for bankruptcy a couple of years ago, best fucking financial decision I've ever made. If your ass is in a financial sling, check out this bankruptcy forum and ask questions to help you determine for yourself.

Related Comic:
The Transition Phase to Becoming Poor

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Comments

[chris]

I like debt bazooka better than debt snowball.

[Duff]

Hey MonkMojo,

Glad you are enjoying the podcasts. I agree that bankruptcy isn't the end of the world. The debt snowball method is still a good idea, if you don't take it all too rigidly.

[MonkMojo]

Hi Duff,

Thanks for stopping by.

Enjoyed a couple of your recent writings as well “What’s the Point of Productivity?” and Yay for Minimum Standards.

Keep on rockin.

[Falls-Down-Laughing]

Love the graphic, man (debt snowball vs. debt bazooka) - laughed my head off hehe ^_^