The Lie That Debt Tells Us

“You’ll always have me…”

I am not an absolutist when it comes to debt. Though I do think at a certain stage of someone’s life they ought not to have any, but for younger people mortgage debt can be helpful. But beyond that, I don’t see the value in carrying a 15% APR credit card balance month to month, nor do I see a benefit in a $490 monthly car payment.

Why? So you can look cool when you whip into Wendy’s? Come on.

Society tells us debt is normal and it’s a “fact of life”. Going forward, when I mention debt, I’ll be speaking of merely consumer debt (non-mortgage). The average American household is $130,000 in debt yet we walk about like we’re living the dream.

We put up a facade for our friends because we feel shame if get found out that we suck with money. That is one stereotype I hope to diminish. If I didn’t talk about my near $70,000 student loan debt, I’d still be drowning. Getting help shouldn’t have shame as a tag along. Our education system doesn’t exactly do a gangbuster job of teaching financial wellness, nor do parents as most Americans struggle with money due to the education system.

It’s a vicious cycle.

The moment you believe you’ll always have debt is the moment you’ve lost. Failed. Quit. Given up. All the same. But, if you believe that you can develop a plan and work your way out of debt, then you can start to gain some traction by putting some action behind that talk.

Seems like there’s no shortage of people on socials who are going to be a millionaire and make six figures, yet few people actually go and do that. Most just talk so they can sound cool and put forth no effort. All talk, no walk.

I want you to stop believing this nonsense lie that you can never get ahead and that you will always lose. You have the ability to change it. One word: effort. If your effort beats the will of those who want you to lose, you’ll win.

Your call.

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