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b'Scott Rieckens of Playing With Fire compares the debt snowball to the debt avalanche. This is part 1 of 2.\\nEpisode 1965: [Part 1] Debt Snowball Vs. Debt Avalanche: The Showdown by Scott Rieckens\\nA successful entrepreneur living in Southern California, Scott Rieckens had built a \\u201cdream life\\u201d: a happy marriage, a two-year-old daughter, a membership to a boat club, and a BMW in the driveway. But underneath the surface, Scott was creatively stifled, depressed, and overworked trying to help pay for his family\\u2019s beach-town lifestyle. Then one day, Scott listened to a podcast interview that changed his life. Five months later, he had quit his job, convinced his family to leave their home, and cut their expenses in half. Follow Scott and his family as they devote everything to FIRE (Financial Independence Retire Early), a subculture obsessed with maximizing wealth and happiness. Filled with inspiring case studies and powerful advice, Playing with FIRE is one family\\u2019s journey to acquire the one thing money can\\u2019t buy: a simpler \\u2014 and happier \\u2014 life.\\n\\xa0The original post is located here: https://www.playingwithfire.co/blog/debt-snowball-vs-debt-avalanche-the-showdown\\xa0\\n\\xa0Visit Me Online at OLDPodcast.com\\nInterested in advertising\\xa0on the show?\\xa0https://www.advertisecast.com/OptimalFinanceDaily\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'