Part 2/7:
Next, step two focuses on getting out of debt, excluding the mortgage. Ramsey introduces the concept of the "debt snowball," which entails listing debts from smallest to largest, making minimum payments on all but the smallest debt, and intensively directing all available funds to pay it off. This process requires discipline—selling possessions, avoiding dining out, or skipping vacations—to decrease expenses and attack debt with unwavering focus.
The metaphor of gazelle intensity is highlighted, suggesting that one should attack debt as fiercely as a gazelle escapes a predator. This commitment to financial freedom is essential, as Ramsey underscores that achieving success in debt elimination fosters a sense of hope and accomplishment.