The Debt Snowball

I have been reading a book call "Financial Peace" by Dave Ramsey, and last night I specifically read about the Debt Snowball method which is a debt reduction strategy where you pay off debt in order of smallest to largest, gaining momentum as you knock out each remaining balance. When the smallest debt is paid in full, you roll the minimum payment you were making on that debt into the next smallest debt payment.

One thing got my attention is that is a method that people has applied even when they felt there was not hope for them, after trying all they did it, and guess what they got a happy ending.

I know that get rid of debt is not an easy thing to do but once you decided to do it, perseverance is what is going to help you get victory over it. I have always thought that a debt makes you a slave of the person you owe money, this should be enough reason to make us look for any necessary resource that can lead us on the dark road's debt so we can get into the light's road of debt free.

What do you think about this method? Have you ever heard of it?

Do you have any other strategy to get rid of debt?