Debt Snowball vs. Debt Avalanche: Which Pays Off Debt Faster?

If you're paying off debt, you'll hit this question fast: do you pay off the smallest balance first, or the highest interest rate first? The first is the debt snowball. The second is the debt avalanche. Both work. Here's the honest difference, with real numbers. The Short Answer The avalanche saves a little more money …

Financial Coach vs. Financial Advisor: Which One Do You Need?

People ask me this every week: "Do I need a financial coach or a financial advisor?" Here's the short answer. A financial advisor grows the money you already have. A financial coach helps you build the foundation so you have money to grow. What a Financial Advisor Does A financial advisor is licensed to recommend …