Two People. Same Income. VERY Different Results.

Ajouté : 2026-06-03

[00:00:00]Two investors, they both have $10,000 of, let's assume it's credit card debt at a 24% interest rate. They have $500 a month with which they can pursue their goals.

[00:00:11]So, average Allen says, "You know what?

[00:00:12]I want to put $250 per month towards my emergency fund, and I'm going to put $250 a month towards my credit card debt." Manny on other hand says, "You know what? I understand the financial order of operations. I understand that if I have high interest debt, I should extinguish that first. I'm going to pay $500 a month until I wipe that out.

[00:00:29]Then, I'm going to start saving $500 a month into my emergency fund." After 5 years, Manny actually has a savings account's balance just over card debt.

[00:00:38]So, he is almost $6,000 better off than Allen was, even though they spent and deployed the exact same amount of dollar.