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I've seen snowflakes mentioned several times in the blogs. I think I understand the gist of concept, but I would appreciate someone explaining it to me.
To me a snowflake is anything that I don't count in mine and hubby's regular monthly income.....credit card rewards, rebate checks, interest on accounts, mileage at work, reimbursements, and my hubby is paid on commission so anytime he makes more than expected, etc...
There is a biography about Warren Buffett called The Snowball by Alice Schroeder. In that book she uses the term snowflake as an analogy to each addition to Warren Buffett's bankroll that eventually turns into a snowball etc....
i think dave ramsey uses it as a way to reduce debt which is maybe what jeffry was referring to.
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