How does the debt snowball method compare to the avalanche method in terms of overall time to become debt-free?

The debt snowball method is typically used by individuals to manage personal debt, not by corporations like Google or Apple. These companies have complex financial strategies that involve a variety of debt instruments, equity financing, and retained earnings. The concept of paying off smaller debts first to gain momentum doesn't directly apply in their context.

I'm sorry, but specific real-world examples of people using the debt snowball method are not provided in the content. However, it's a popular debt management strategy and many people have successfully used it to pay off their debts. The method involves focusing on paying off the smallest debt first while making minimum payments on the rest. As each debt is paid off, the money that was being used for that debt is then rolled into the next smallest balance. This strategy provides a psychological boost that can be a powerful motivator in debt repayment.