Comments on: Debt Snowball – The Accelerated Debt Payoff Method http://www.debtreductionformula.com/blog/debt-snowball-accelerated-payoff-method/ Reduce Expenses + Increase Income + Discipline = Get Out of Debt Fri, 05 Mar 2010 09:37:31 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Ryan Healy http://www.debtreductionformula.com/blog/debt-snowball-accelerated-payoff-method/comment-page-1/#comment-56850 Ryan Healy Tue, 16 Feb 2010 18:44:50 +0000 http://www.debtreductionformula.com/blog/?p=705#comment-56850 Amen, John! And I love how you explained that: "reverse compound interest." :-) Amen, John! And I love how you explained that: “reverse compound interest.” :-)

]]> By: John Thomas http://www.debtreductionformula.com/blog/debt-snowball-accelerated-payoff-method/comment-page-1/#comment-56849 John Thomas Tue, 16 Feb 2010 17:42:46 +0000 http://www.debtreductionformula.com/blog/?p=705#comment-56849 Ryan, I've seen people use this method to pay down debt. People never really believe how fast this can make a difference until they actually see it done. In some ways it's almost like the reverse of compound interest in that it is compounding payments towards debt freedom, and, since you were already making the payments, you never miss the money. You're just using it with more wisdom. :-) - John Ryan,

I’ve seen people use this method to pay down debt. People never really believe how fast this can make a difference until they actually see it done. In some ways it’s almost like the reverse of compound interest in that it is compounding payments towards debt freedom, and, since you were already making the payments, you never miss the money. You’re just using it with more wisdom. :-)

- John

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