The avalanche method is the clear mathematical winner. Another popular option is the debt snowball method - paying off your largest debt first, regardless of interest rates. I believe the debt avalanche method is the best strategy for eliminating debt - paying off high-interest debt before low-interest debt. One example of how this lesson changed my perspective regards debt payoff. Here are three of the most memorable lessons I learned from the book: 1. Or, as Thaler would put it, everyone is not an "econ." The most notable lesson from the book is that the world is not 100% numbers-based. The book was fast-paced and entertaining, and also provoked my thinking on a lot of levels. I recently finished reading " Misbehaving: The Making of Behavioral Economics " by Richard Thaler, an economics professor who won the Nobel Memorial Prize in Economic Sciences in 2017 for his work in behavioral economics, a field in which he's considered a founding member. By clicking ‘Sign up’, you agree to receive marketing emails from InsiderĪs well as other partner offers and accept our
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