3092: Should Repaying Debt Be An Obsession by JD Roth of Get Rich Slowly

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🗓️ 31 March 2025

⏱️ 9 minutes

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3092: J.D. Roth challenges the notion that paying off debt requires extreme austerity, advocating instead for a balanced, sustainable approach. By gradually building frugal habits and allowing room for joy, you can make progress toward financial freedom without feeling deprived or overwhelmed. Read along with the original article(s) here: https://www.getrichslowly.org/should-repaying-debt-be-an-obsession/ Quotes to ponder: "You paid off $35,000 in debt in just over three years. Does that mean you were balls-to-the-wall dedicated and had no frills and were dour-faced the whole time?" "Most people who leap from a lifestyle of deficit-spending to one of extreme frugality find the waters very, very cold." "Yes, thrift and frugality are important tools to meeting your financial goals. But I believe it's important to develop sustainable financial goals." Episode references: Frugalwoods blog: https://www.frugalwoods.com Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 Mr. Money Mustache blog: https://www.mrmoneymustache.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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1:04.8	Should repaying debt be an obsession by J.D. Roth of getrichslily.org.
1:16.2	Some people never take control of their finances because they're afraid that doing so would require them to give up everything they enjoy. I don't believe that's true. Getting out of debt
1:22.0	requires hard work and sacrifice, but that doesn't mean you can't have fun along the way.
1:29.5	Aaron recently sent the following email, quote, you paid off $35,000 of debt in just over three years. Does that mean that you were
1:37.6	balls to the wall dedicated and had no frills and were dower face the whole time? Were you using every spare penny to pay debt? Did you give up
1:47.7	all luxuries and all fun? Did paying off the debt consume you? That's my greatest fear about
1:54.4	the whole thing. What makes it worse is that I'm serious about getting out of debt. I just don't want to
1:59.5	be miserable in the process, especially since I'm going to be out of debt. I just don't want to be miserable in the process,
	...

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