I would say QUANTIFYING debt is essential.

The people who Dave Ramsey gives advice to do not understand concepts like debt amortization schedules and compound interest. He’s preaching to the least financially sophisticated people in our society. It works for them. Explaining why it makes more sense to prioritize higher balance, higher interest loans over smaller ones would go right over their heads.

One clap, two clap, three clap, forty?

By clapping more or less, you can signal to us which stories really stand out.