Get Out of Debt

High-interest consumer debt — credit cards, personal loans, and buy-now-pay-later balances — is the single biggest obstacle to building wealth. Every dollar paid in interest is a dollar that could have been invested and compounded over decades. Eliminating this debt is a guaranteed return equal to the interest rate you are paying.

Two proven approaches dominate debt repayment strategy: the avalanche method (paying off highest-interest debt first to minimize total interest) and the snowball method (paying off smallest balances first for psychological momentum). Both work — the best method is the one you will stick with consistently.