The Debt Snowball: The Fastest and Easiest Way To Pay Off Creditors

Kylie Craft
Aug 13, 2020 · 3 min read

How to use Dave Ramsey’s debt snowball method to quickly pay off debts

A glass or ice ball sits on a blanket of snow.
A glass or ice ball sits on a blanket of snow.
Photo by Voicu Horațiu on Unsplash

We are what we repeatedly do. Excellence, then, is not an act, but a habit.” — Aristotle

A debt snowball is not a crumpled up wad of your bills for you to throw around in the snow. It is a debt reducing strategy that I learned from financial guru, Dave Ramsey. I have tried almost every financial strategy in existence and this one is the one I recommend to my financial or credit analysis clients.

Using this method, paying off debt can be done a little at a time for faster results and skyrocketing credit scores.

Step One

Step Two

Repeat until the first debt is paid off.

Step Three

After that final debt is cleared, you will be amazed how fast things got better for you financially and regretful for how long it took you to do it. Suddenly, you’ll be in the position to buy something that you need when you need it and use cash. Being debt free is an amazing feeling to have especially if you have almost drowned from it before.

That doesn’t sound like a big deal to some people, but I know many, many people who pray for only that circumstance to happen in their lives before they die. They just want a chance to not worry constantly about making ends meet for a few moments in their life before it’s over.

I am a definite realist and true unbeliever in fairy tales. So, please believe me when I tell you that this goal is attainable for everyone. Anyone willing to put in the work can make this happen. As with anything else, small changes and/or steps done on a consistent basis will quickly lead to great accomplishments.

My favorite financial quote has always been, “It is not how much money you earn, but how much you don’t spend that determines your wealth.”

Kylie finds herself funny and is a mixture of sarcasm, White Zinfandel, attitude, and love. In addition to humoring herself, she also is a Real Estate Agent and a Property Manager. She lives in Georgia with her huge, loud family.

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Kylie Craft

Written by

Property Manager, Credit Specialist and Writer in addition to being a mother of four kids, two dogs, two birds and a turtle. www.kyliesrants.net

Writers’ Blokke

The publication for writers and readers to create and read amazing content

Kylie Craft

Written by

Property Manager, Credit Specialist and Writer in addition to being a mother of four kids, two dogs, two birds and a turtle. www.kyliesrants.net

Writers’ Blokke

The publication for writers and readers to create and read amazing content

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