No. of Recommendations: 0
Not all of "us Fools" do it this way by a long shot. Some of "us Fools" don't even recommend doing things this way, depending on the situation. For many, smallest balance first or the DOLP method work as well or better as highest interest paid. In particular, if a person has a very tight cashflow, it is often preferable to pay off a few small balances as quickly as possible to remove those minimum payments and give a little breathing room.

I agree with your post, and obviously each situation is different. My comment was meant to give folks a general idea of his suggested method because, as was also posted in this thread, most of the book is an advertisement.

I will rephrase though, just for you ;)

"Us fools who like to pay as little interest as possible prefer the snowball method."

Cheers,
Mike [bracing for another winter storm in NC? ugh]
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