After discovering Dave Ramsey's show, my perspective has changed drastically

[mizzourah2006]

Originally Posted by SportyandMisty

I believe Dave acknowledges that mathematically paying the high interest rate debt first is correct, but he goes on to make the point that human behaviour is more important here - the psychological effects (positive reinforcement of good behaviour) of extinguishing sources of debt outweighs the mathematical benefit of extinguishing the highest interest rate first.

Yup, you could look at it like freeing up cash flow. Until one of the debts is gone you owe the min. on each of them every month. Once one is gone you have freed up cash flow, which psychologically gives you more "breathing room" if something else unfortunate would happen.

[RVD90277]

Dave Ramsey can be ok at helping eliminate debt. But that's a fairly small window. Heck, even Suze Orman is pretty good at helping people eliminate debt.

MMM and Bogleheads is much better since neither are trying to sell you anything. Even though Bogleheads is mostly Vanguard friendly, it's only that way because of low fees.

Clark Howard is still a decent guy for a radio personality.