What you'll learn:
Research shows that those who struggle to pay off debts are more than twice as likely to report mental health problems, including stress, anxiety, and depression.
We’ve been fed this idea that debt is bad and we need to get out of it as soon as possible. We’ve been told to make all necessary sacrifices in order to live a debt-free lifestyle. We’ve been taught to fear debt.
And what happens if we believe it?
Debt will scare us. We’ll think it’s evil and we’ll do whatever we can to get out of it. We might stop taking vacations until we pay off that student loan. We might not buy a home for another decade or two until we can pay cash. We might postpone starting a family until our car is paid for.
All the while, we might find ourselves stressed, anxious, or depressed…
But are those mental health problems really coming from debt? Or are they coming from the feelings society has made us associate with debt?
What if no one cares? What if no one will ever ask you how much debt you are in? What if debt won’t ruin your life? And what if…debt can even be used for good?
There are a lot of things that might seem scary before you take the time to understand them. Cars, horses, that dark closet in the corner of your bedroom. Swimming pools are terrifying…if you don’t know how to swim. But once you learn how to handle these things that once intimidated you, you’ll often find that there’s nothing to fear.
Debt works the same way. What if, instead of fearing debt because of someone else’s feelings about it, you took the time to understand how debt works and how you can use it properly, safely, and even to your advantage?
The antidote to any negative feelings you might experience with debt is knowledge. When you take the time to learn how debt works, you can free yourself from the stress that you once associated with it, and even understand how to use debt to bring benefit to your life and the lives of others.
Conquer your fear. Live a better life. Learn.