Debt Snow Ball VS. Avalanche .. Which Is Best For You?

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On this episode of The Table with Anthony ONeal, we share how you can become a millionaire on an average salary. Contrary to common belief, achieving millionaire status is within reach for anyone, regardless of their income level. AO shares practical strategies, smart financial habits, and investment opportunities that pave the way to wealth accumulation. Join us as we demystify the path to millionaire status, offering actionable steps needed to turn your financial dreams into reality, regardless of your salary.
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Hey, fam! I’m Anthony and I’m here to help you discover your authentic self and achieve spiritual, financial, and mental freedom. I know what it’s like to be in debt and homeless - I’ve been there. But with the grace of God, I was able to turn my life around and I’m now helping others to do the same.
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Пікірлер: 18

  • @barbarafallin2038
    @barbarafallin2038Ай бұрын

    I used the Avalanche Anthony, and now I am debt free, this worked for me,house paid off ,no credit card debt and paid my car off two years early, and I am retired ,and yes it does feel good,to build my emergency fund up again and help my grandchildren

  • @Lcshell

    @Lcshell

    Ай бұрын

    What is the avalanche method?

  • @barbarafallin2038

    @barbarafallin2038

    Ай бұрын

    @Lcshell you start with the highest debt first, and pay the minimum on the lowest debt, I paid my 10,000 debt off first,bye putting extra money on it

  • @simplyprecious441

    @simplyprecious441

    Ай бұрын

    @@Lcshell it’s when you are focusing on the debt with the highest interest first, not the balance. You are making minimum payments on the other loans you may have while putting all your extra or additional money towards the loan with the highest interest. Once that one is paid, you move on to the loan with the next highest interest, and so on and so forth until you completely pay off all your debt. Benefit to this method is less money you pay towards interest over time, so you ultimately end up saving money in the long run, and you can pay your debt off a bit faster than the snowball method.

  • @Lcshell

    @Lcshell

    Ай бұрын

    @simplyprecious441 thank you!

  • @enkulemma3270
    @enkulemma3270Ай бұрын

    I am using a debt snowball method to pay off my student loans. 3 student loans down one left. It works.

  • @coachanthonyburgos3971
    @coachanthonyburgos3971Ай бұрын

    Snowball will charge you lots of interest. What we should do if we run into situations where we can’t use credit cards like debit cards is use the avalanche method on steroids. Here’s what that’d look like. Put the most money to the highest interest credit cards. Then look at the rest of your credit card statements. There’s a section that says “if you pay the minimum amount you’ll pay off by this timeframe. If you pay this slightly higher amount you’ll pay off at this timeframe. On your lower minimum payment/lower interest pay the recommended slightly higher amount. Don’t take my word for it put these scenarios into a debt calculator and see for yourself

  • @ADR7707
    @ADR7707Ай бұрын

    I used the snowball method. It took some time but it certainly worked for me. I am now 100% consumer debt-free.

  • @sdg4883
    @sdg4883Ай бұрын

    Please reword that. "We can have "Financial Freedom" when we are diligent with our payments by paying extra as you go forward until the debt is paid off.

  • @josephawich9294
    @josephawich9294Ай бұрын

    Good start on my Sunday morning

  • @aallen1999
    @aallen1999Ай бұрын

    Bruh, that statement of what we consume (foolery) that's not making us a dime hits hard! I'm having to reevaluate what I am watching on social media.

  • @trey2.o352
    @trey2.o352Ай бұрын

    Glad I stumbled across your platform sir! I’m a Native American man, and I’m going to use the information you been putting out! Thankful for what you and your team do 🔥

  • @ramonalopez7516
    @ramonalopez7516Ай бұрын

    Love this channel!❤

  • @LyciaJ

    @LyciaJ

    Ай бұрын

    Same, but the marketing and repetitive info can be annoying. LOL.

  • @DerrickHarris916
    @DerrickHarris916Ай бұрын

    I thank you brotha

  • @isahenix
    @isahenixАй бұрын

    I’m working a job I hate right now, because I can’t get a better one, without moving.

  • @shinahereford8582

    @shinahereford8582

    Ай бұрын

    Me too ,but we are Here, so I know we are on the right path .

  • @Mrsmetamorphosis2012
    @Mrsmetamorphosis2012Ай бұрын

    Thing w the Bible is u can’t pick n choose. U except it all or not at all. Start reading the book of John. You will will with not just ur money🙌🏾