Common Myths About Debt (Infographic) -

Our minds are a powerful thing. They can propel us forward or hold us back, depending on the beliefs we hold as true.

It’s no different when it comes to paying off debt. Whether you believe you can conquer your debt or not can make the difference between success or failure.

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I will be elaborating on these myths on my next post, but here’s 5 of the most common debt misconceptions.

Are any of these holding you back?

Getting out of debt is not an easy feat. However, many times we prolong the process by believing lies about ourselves and our situation. Don't believe those debt myths! Click through to find out more about these myths about debt that are all too common but destructive.

During my payoff journey, I believed all these myths at some point or another.

At times, I tried to justify my debt and rationalize it by the fact that so many people I knew were also in debt. Not only that, but when I started researching how debt is normal, I realized that statistically speaking, most people around me were carrying some form of debt themselves!

There were days, and even months, in which I felt completely defeated.

I felt that I had no control over my debt and that I couldn’t tell anyone about what I was going through. I believed, falsely, that whatever led me to accumulate a ton of debt could never be changed.

All these misconceptions kept me trapped inside my own mind. Paralyzed by fear and isolated by shame.

However, once I started changing my perspective on my situation, I was able to make different choices, which led to different outcomes.

I made a decision to become debt free, threw everything I had into it, and tracked my progress.

Today, I am totally debt free!

If you’d like to learn more about how I was able to pay off over $50K of debt on one income, check out my free Quick Start Guide to Paying Off Debt!