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today Im going to dive into three of the most common ways to attack your debt Ill also share the method that my husband and I use to pay off three hundred and eleven thousand dollars in two years and eight months now for all you math Wizards before you get your undies tied up in a ball just sit tight and watch because if you stick around until the end of the video Im going to show you a method that works and actually leaves you feeling like you are winning with your money if you arent sure how interest Works heres an example interest is the price you pay to borrow money lets say you have an amount of 100 as your starting money in the financial world this would be known as principal so we have the 100 principle and lets say we pay an interest rate at five percent annually in one year with a 100 principal and five percent interest we will owe a balance of one hundred and five dollars one hundred dollars is a principal and five dollars is the interest that is added on to the one hu
