AE President Sean Noble: A Case for Small Victories in Congress
AE President Sean Noble: A Case for Small Victories in Congress
In addition to rolling back disasters like ObamaCare, Republicans should look at the next two years as a public relations battle, not just a legislative battle. Some on the right have said nothing short of a repeal of ObamaCare is good enough. However, there is a case to be made for small victories.
Financial guru Dave Ramsey often talks about the “Debt Snowball” principle. Rather than using the traditional method of paying off personal debt starting with the card with the highest interest rate, Ramsey suggests that you ignore the interest rates and start with the smallest debt. Then pay off the next smallest card, adding the previous debt’s minimum payment. Ramsey writes:
“The point of the debt snowball is behavior modification. In our example, if you start paying on the student loan first because it's the largest debt, you won't see it leave for a while. You'll see numbers going down on a page, but that's it. Pretty soon, you'll lose steam and stop paying extra, but you'll still have all your debts hanging around.
But when you ditch the small debt first, you see progress.”
Read more from American Encore President Sean Noble's column here at Townhall.