207 – REBROADCAST: Which Debts Should You Pay First?

For the month of August we are replaying the most downloaded podcasts of the past year; not surprisingly, the first two rebroadcasts were about debt, and so is this one.

Originally broadcast back in January, on this podcast Ted Michalos and Doug Hoyes answer the question: which debts should you pay first?

Should you knock off the small ones first, or go for the high interest rate ones first?  Does it matter if the debts are secured, like a car loan or mortgage, or unsecured, like a credit card?

This is a short podcast, less than 18 minutes, but that’s all we needed; I have strong opinions on this topic, which I why I addressed this in both chapter 18 and chapter 19 of my book, and Ted also has no shortage of opinions, so here’s a rebroadcast where we answer the question what debts should you pay first?