94: Being Debt-Free Doesn’t Make You Rich

The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Being Debt-Free Doesn’t Make You RichToday, I’m talking all about debt. I’ve spoken about it before, and there is a whole chapter about it in my book. However, I believe it’s a topic we can’t talk about enough. Most of us have a terrible relationship with debt. It makes us feel shame, stress, and we want to avoid it at all costs.

One thing I’ve noticed more and more lately is people wanting to celebrate being debt-free. Now, while it’s not a bad thing to celebrate paying off our debts, why isn’t it just as normal to publicly celebrate how much money we have and make? So today, I’m bringing a new angle to the debt conversation.

Tune in this week to discover why a fear of debt is never going to make you rich. We all want security, and debt seems risky. But in this episode, I’m showing you how you have more control over your money than you think, and debt has an important role to play.

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What You'll Learn from this Episode:

  • Why it doesn’t make sense that we publicly celebrate being debt-free, but not becoming rich.
  • How I define and like to think about debt.
  • Why it’s so important that we work to neutralize debt as a concept.
  • The negative beliefs about debt we’re reinforcing when paying it off is our main focus.

Listen to the Full Episode:

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