There’s a psychological reason you’re missing: getting to that first debt paid off and experiencing that bit of joy and pride in accomplishment, in order to rei

There’s a psychological reason you’re missing: getting to that first debt paid off and experiencing that bit of joy and pride in accomplishment, in order to reinforce new habits. If the people turning to Ramsey for financial advice were, by and large, analytical types, they probably wouldn’t need to be turning to Ramsey for financial advice. Would it be better to push more money to a $7000 debt at 7% than a $1000 one at 5%? Analytically, yes. Is it more likely that someone who had become nihilistic about their financial situation will actually get both of those paid off if they get to see that $1000 account “paid in full” in two or three months? That’s what Ramsey has bet on, and apparently is right about.