http://youtu.be/UxTd7ZyKCMI
Which credit card should you pay off first? The one with the highest interest rate or the smallest balance?
The one with the smallest balance should be attacked first. This gives you a quick victory and keeps you motivated on your personal finance plan toward total debt free living. When prepaying debts, over time, you negate the interest charged on the higher rate credit card.
You can be debt free much faster than you ever thought possible.
With just 10% of your net income going toward prepaying debts, you can be totally debt free (including your home) in about 5 to 7 years on average.
That’s with the money you already make! Get started today.
To Your Financial Freedom,
Greg Whitaker
Intelligence and simplicity – easy to understand how you think.