40 | How Examining Your Mindset Around Debt Can Help You Pay It Off

Have you ever taken the time to think about your relationship with debt? Many of my clients come to me with student loan debt, personal loans, or credit card debt. Their thoughts are consumed with trying to figure out how to manage paying off their debt while also working towards other goals like buying a home, building an emergency fund, or having extra money to do things they enjoy like traveling or enjoying a spa day. In today’s episode I help you reframe your relationship with debt so you can then decide how you want to approach paying down debt in your own life. This episode will help you discover the root cause of your debt, engage you in a flexible plan to help you pay down your debt, and identify ways to ease the financial burden so you can pay off your debt sooner. In this episode, you’ll learn… [01:14] The debt brain-dump and how it can help you sort out your feelings around your debt [04:43] How the financial awareness you gain from a debt brain dump allows you to make adjustments in the way you handle your money [07:30] Why examining your motivations will help you choose a debt payoff strategy that works best for your unique situation [12:03] Why you shouldn’t turn to balance transfers until you understand why you’re in debt [16:49] How you can change debt payoff from feeling restrictive to expansive by looking for ways to make extra money and finding extra money in your budget [24:52] Why changing your mindset and paying off your debt can open up opportunities you never thought possible Tune in to this episode of Money Files to change your mindset around debt and pay it off for good. Get full show notes and the episode transcript: https://wealthovernow.com/how-examining-your-mindset-around-debt-can-help-you-pay-it-off