A short personal-finance talk by Ramit Sethi warning viewers that delaying a debt-payoff plan can cost them the equivalent of over $100 per day; he uses the vivid metaphor of literally burning $100 bills daily to illustrate the hidden, accumulating cost of procrastination and urges immediate action to avoid that loss.
Sometimes I wish I could show you how much you are paying every single day by delaying making a debt payoff plan. For some people, it's over $100 a day. Can you imagine just walking to the window and taking $100 bill and lighting it on fire and then the next day you do the same thing and the next day you do the same thing. All because you go, I'll do it later. You would be absolutely outraged. But because it's quietly accumulating somewhere and it's not clear how much it is, you don't care. I'll never allow that to happen.
