The Debt Payoff Planner with Brady Benware, Co-creator of Debt Payoff Planner
It all started during a Thanksgiving dinner conversation with his brother-in-law. Brady Benware and his co-creator of The Debt Payoff Planner wanted to remove one of the biggest barriers that consumers bump up against when trying to create a debt repayment plan: doing the math. In this episode, host Todd Christensen speaks with Brady about how they incorporated elements of human psychology into their product and why willpower is not enough.
- Automating the complexities of doing the math of getting out of debt
- The frustration of relying on willpower only when getting out of debt
- How automation addresses the snowball versus avalanche dilemma
- Celebrating every milestone along the way to debt freedom to stay motivated
- Incorporating human psychology into the debt elimination process
- Keeping progress front-of-mind to stay motivated
- Story of a woman with $45k of debt
- The 5 approaches for paying off debt
