Dave Ramsey’s “snowball method” to pay off debt has definitely helped some consumers. But is the “zero debt” approach really the best path to prosperity? Kim and Spencer agree that a Prosperity Snowball is even better than a debt snowball! 

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!

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Show Notes

  • The Dave Ramsey Snowball method- 0:53
  • Paying your debts – 1:00
  • What happens if you do not use your credit card? – 1:46
  • Building up savings – 2:49
  • Solving future problems – 3:03
  • Having money in a savings account – 3:32
  • Your bills in autopay – 4:14
  • The “Perpetual Wealth” book – 6:06
  • How to build wealth – 6:41
  • Benchmarks of the Emergency Fund – 7:47
  • Savings is the foundation – 9:28
  • Building your opportunity fund – 10:24
  • Principles that are applicable to so many things – 11:29
  • Finding ways to earn extra money – 12:23
  • Make personal finance your focus – 13:30
  • Talking about Udacity.com – 14:28
  • The Prosperity Snowball – 15:30

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