Debt Snowball
Pay off debts from smallest to largest, regardless of interest rate. The psychological wins from eliminating debts build unstoppable momentum.
Steps
List every debt: amount owed, minimum payment, and interest rate
Pay minimums on everything except the smallest debt
Throw every extra dollar at the smallest debt until it's gone
Roll that payment into the next smallest debt — your snowball grows
Celebrate each debt elimination — momentum is the point
Related Systemsin Money & Wealth
5/25 Rule
List your top 25 goals, circle the top 5, and avoid the other 20 at all costs. Warren Buffett's ruthless prioritization system for focus and wealth building.
Daily Financial Reading
Spend 5-6 hours every day reading financial reports, newspapers, and industry analysis. Warren Buffett's lifelong habit that compounds knowledge into investment edge.
Lean In
Proactively take on leadership roles, speak up in meetings, and advocate for yourself. Sheryl Sandberg's framework for career advancement and closing the ambition gap.
Annual letter writing
Write a candid yearly letter summarizing your results, mistakes, and thinking. Warren Buffett's annual shareholder letters force clarity of thought and build trust through radical transparency.