1650: Reject The 'Everyone Has Debt' Mentality by Paula Pant of Afford Anything on The Normalization of Debt

Optimal Finance Daily - Financial Independence and Money Advice

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Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 15 September 2021

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Paula Pant of Afford Anything tells us why we should reject the "everyone has debt" mentality Episode 1650: Reject The 'Everyone Has Debt' Mentality by Paula Pant of Afford Anything on The Normalization of Debt Paula Pant is the founder of the award-winning website AffordAnything.com and a writer and speaker specializing in money, business, and real estate investing. She is a real estate investor, as the owner of seven rental property units in metropolitan Atlanta. She holds a real estate license in Georgia. She's also the host of the Afford Anything podcast. The original post is located here: https://affordanything.com/reject-the-everyone-has-debt-mentality/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group Join the Ol' Family to get your Free Gifts Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 1650.
0:04.0	Reject the Everyone Has Debt Mentality by Paula Pant of AffordAnything.com.
0:10.9	And I'm your host and personal finance enthusiast, Diana Mariam.
0:15.4	This is the show where I read to you from the best personal finance blogs on the web
0:20.0	with the author's permission, of course.
0:22.3	For now, let's get right to it and continue optimizing your life.
0:30.4	Reject the Everyone Has Debt Mentality by Paula Pant of AffordAnything.com.
0:38.2	Recently, Ben, a nice-looking fellow who works at an oil rig in the Gulf of Mexico,
0:43.7	wrote a detailed story about how he and his wife repaid $90,000 of debt.
0:49.6	Their debt didn't include a mortgage.
0:51.9	It consisted of car loans, credit card balances, student loans, and a $10,000 bank loan
0:58.4	to pay for their wedding. Ben's story included a powerful sentence,
1:03.3	which he uttered the day he tallied his debts.
1:06.8	Quote,
1:07.6	I knew we owed some money, but I assumed this was a normal part of living in the real world.
1:13.8	He goes on,
1:15.2	everybody has car loans. Everyone has credit card debt. Everyone has student loans.
1:20.1	But it wasn't until I added all these balances up that I knew we had a problem.
1:24.6	End quote.
1:26.2	Not to harp on Ben, he's done a great job cleaning up his finances,
1:30.6	but I hear his premise repeated enough that it's time to put an end to it.
1:35.5	Let me be clear. This mentality, the everyone has debt mentality, is dangerous.
	...

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