The article discusses the importance of becoming debt-free and financially free. It highlights how consumerism has normalized the accumulation of debt, with people often taking on debt without considering the long-term consequences.
The author argues that the traditional question of "how much money do I need to retire" is now outdated, as the focus should be on becoming debt-free first. The article emphasizes that no one at the bank tries to talk people out of taking on debt, and friends and family often view debt as a sign of adulthood, which is the wrong mindset.
The key to achieving financial freedom, according to the author, is to prioritize becoming debt-free. This involves avoiding the trap of consumerism and the mentality that debt is a normal part of life. Instead, the focus should be on developing strategies to pay off existing debts and avoid taking on new ones.
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by Tim Denning at medium.com 05-08-2024
https://medium.com/illumination-curated/this-is-how-you-become-debt-free-and-financially-free-acd24fd6cad9Deeper Inquiries