Best Way to Pay Off Debts - Accessible Vs Non Accessible

Should I put extra payments into my home? My car? Credit cards? This is a risk management question, and I answer it here... Can you get money out is the real question? Here I show you why you shouldn't snowball a home mortgage or a car, but you can snowball credit cards and other accessible debts. Read more about paying off debt with an Infinite Banking policy in our article here... http://Daniel-Thompson.com -------------------------------------------------------------------------------------------------------------- Learn everything you need to know, and more, about the Infinite Banking Concept and high cash value life insurance by signing up for our free videos and books at... http://Daniel-Thompson.com Also, don't forget, you can learn also purchase my newest book, "The Simple Banking System." Get it on Amazon - http://www.amazon.com/Simple-Banking-System-insurance-investment/dp/1490911340/ref=sr_1_1_bnp_1_pap?ie=UTF8&qid=1373875495&sr=8-1&keywords=the+simple+banking+system Or on Kindle - http://www.amazon.com/The-Simple-Banking-System-ebook/dp/B00DUYBUWU/ref=sr_1_1?ie=UTF8&qid=1373875495&sr=8-1&keywords=the+simple+banking+system

Comments

1. So a "side fund" is a fancy word for savings account...of course it's a good idea to have funds in case of emergency. Paying off credit cards is always the way to go usually they are the high interest debts. I guess you would still snowball the non accessible after the credit cards are gone?
2. Kudo's to you Joshua, here is a video where you're looking out for the common human, my only question is what is my return? Or is it just sitting in the bank? Low risk, low return, is what I would expect from a side fund. What is..... a side fund? Or, what is your idea of what a side fund?
3. Dude, That is a brilliant idea!
4. i understand the concept of side fund, but until you can collect 40k in a side fund, the value of 50k will increase a lot with interest, and also requires a lot of discipline. If losing job is very likely i kind of understand otherwise i would split into more reasonable batches of side fund, like 10k and a parallel side fund for emergency. In this way you have a buffer but sill keep reducing interest in 10k.
5. Otherwise, this is what you call the "scared straight snowball" method for your non accessible debts.
6. Yessss!!
7. Best Way to Pay Off Debts - Accessible Vs Non Accessible