S2 EP12 - Debt Payoff That Actually Sticks

We break down how to decide between paying off debt and investing, then lay out a clear plan for tackling multiple balances without losing momentum. Cody compares the snowball method and avalanche method with a simple spreadsheet so you can see how interest, cash flow, and psychology change the outcome.

• Deciding when debt payoff beats investing, based on your situation and timeline
• Defining consumer debt and why I prioritize it before heavy investing
• Freeing up cash flow by removing monthly payments
• Reducing risk when layoffs, medical bills, or repairs hit
• Valuing peace of mind and lower money stress at home
• Handling exceptions like 0% financing without losing the bigger plan
• Keeping the 401k match while redirecting extra dollars to debt
• Using the snowball method to build fast, visible wins
• Using the avalanche method to minimize interest, with slower visible progress
• Choosing the approach you will actually follow through on