Read more on Charlie Munger's key step to financial freedom and a strategy to build a $100K dividend snowball with picks ...

which gets larger and gains momentum as it rolls down a hill. Using the debt snowball method can be a great way to get the ball rolling in terms of paying off your debt, as the name implies.

The goal is to build the biggest snowball possible. Once your snowball is big enough, you race against others by rolling it down massive ramps. The farther your snowball travels, the more wins you ...