47: What's Better Than Being Debt-Free?

What's Better Than Being Debt-Free?As a financially-minded coach focused on teaching you how to live a wealthy life, I’m all about debunking the myths we have about money and debt. This may come as a shock to you, but I don’t believe debt to be a bad thing, and today, we’re diving into why so many people choose to pay off debt as quickly as possible instead of buying and growing assets.

At first glance, it makes sense that having no debt is a big goal for many people and that there’s an insinuation that if you do have debt, there are some underlying issues with how you handle your money. Sure, being debt-free is an amazing feeling, but this week, I’m inviting you to see how there’s something even more liberating than being debt-free.

Join me this week as I show you why we perceive paying off debt to be easier than investing in assets. We’re discussing this through the container of the motivational triad, and I’m laying out the top 3 reasons I see people choosing the route of being debt-free over having income-producing assets that generate money for you while you sleep.

If you’re ready to take control of your money and practice medicine on your terms, you need to check out Money for Women Physicians. Click here to learn more!

What You’ll Learn from this Episode:

  • Why you might think paying off debt is easier than buying and growing assets.
  • The story that keeps so many people stuck in negative emotions about debt.
  • What the motivational triad is and how it drives you to pay off debt as much as possible
  • Why our brains have a hard time with the concept of buying and growing assets.
  • The 3 most common things I hear from people when it comes to debt.

Listen to the Full Episode:

Featured on the Show:

  • Learn more about Money for Women Physicians where you’ll learn the tools to make practicing medicine OPTIONAL.
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