Are you trying to get into a better situation financially only to feel like you’re never going to get out of debt? Well, you’re probably experiencing the snowball effect of debt.
I mean for the most part, this is why most people are broke, and rich people are rich. The snowball effect takes over one way or another. For most people unfortunately this leads to living paycheck to paycheck and a lifetime of debt. To the contrary, if you’re well off financially it’s likely because the snowball effect has worked out in your favor. [Read more…]