Who likes to be in debt?  If you or anyone you know likes to be in debt, please let us know in the comment section!  Debt is one of the most stigmatized, loathed, and talked-about words to have ever graced the English language. No matter where you are in the world, debt is something that follows us all.  It invades our thoughts like an army coming to wage war on us, with its fixed, revolving, and recurring payments and we often feel shackled with no escape.  It permeates our very being and wreak havoc on our lives, and sometimes continue for generations.

The accumulation of debt is something that is habitual. It plays on some of our most basal instincts of the mind that push us towards avoiding pain and gaining pleasure, and money is that tool that helps us in our virtually endless quests to constantly gain pleasure.

But, is there a way to get out of debt?  How do we free ourselves from the seemingly eternal servitude of being obligated to pay out large portions of our monthly income for the pleasures that we have already enjoyed?  How do we get rid of our debt, and remain debt free?  Is it really possible?  Or, are we just puppets in a very calculated zero-sum game of financial chess that leaves us as mere pawns on the playing field?

Well, the answer is yes!  It is possible to eliminate debt and remain debt free.  It will take some analyzing, strategic planning, and mindset shifting but it can be done.  We have helped thousands of women strategize and craft plans to eliminate their debt and begin saving and building wealth instead of paying those huge interests that make it impossible to ever have any substantial amount of savings – let alone wealth.

Much of our behavior has a lot to do with what’s going on in our minds. That impulsive buying habit you have comes partly from this subconscious interaction. So, what we have to learn to do is create some awareness to this interaction and learn to override it.  You can learn more about that process by reading our article, How to Break Bad Habits & Develop Good Habits. Another aspect of why some of us get into debt is as a result of trying to keep up with the Joneses (and the Kardashians).  We scroll social media and see all the glitz and glam that are trending and decide we need to be a part of it (#fomo) – whether we can afford to, or not – and this kind of comparative, mimicked following can quickly put a hole in your finances.

Now, understanding debt is one thing. We can talk about it all we want. We can extrapolate, analyze, criticize, theorize, and do a slew of other things related to the concept, idea, and reality of debt. But how do we get out of debt? How do we free ourselves from living a life that is imprisoned by a cycle that seems like it’s never going to end?

Some may argue there are good debt, but the only good debt we acknowledge here at MBB is the the debt that is owing to us – receivables.  As long as we are on the receiving end, then all is well with debt.  If you are in debt, you can become debt free!  Make the decision today to get out of debt and stay out of debt, and take the necessary steps to make “debt free” a reality for you.

With love, gratitude, and empowered attitude,