Are you tired of paying off debt only to find yourself right back where you started months later? You are not alone.
In this episode, I'm answering the question so many high achievers quietly carry: Why do I keep getting back into debt, even though I know how to pay it off?
Debt numbers are simple—money in, money out—but the patterns driving your decisions are not. Most people try to fix their debt with strategies like balance transfers, avalanche vs. snowball, or throwing lump sums at their credit cards. But without understanding why debt keeps resurfacing, those strategies never stick.
This episode walks you through the four debt identities, the Safety Net User, the Status Keeper, the Points Chaser, and the Survival Debtor, and breaks down the fake math, emotional hurdles, and hidden habits that keep smart, capable people stuck in the debt cycle.
If you want your next debt payoff to be the last time you ever do it, this episode is your starting point.
In this episode you'll learn...
[00:30] Why knowing how to pay off debt is not the real problem
[01:40] Why debt keeps resurfacing, even after you pay it off
[02:16] Why your debt payoff strategy must match your debt identity
[04:10] Debt Identity #1: The Safety Net User
[06:20] Debt Identity #2: The Status Keeper
[09:30] Debt Identity #3: The Points Chaser
[11:35] Debt Identity #4: The Survival Debtor
[13:45] Why shame keeps survival debt lingering
[15:00] What to reflect on before paying off debt again
Tune into this episode of Money Files to discover how understanding your debt identity can finally help you change your money patterns for good.
Get full show notes and the episode transcript: https://wealthovernow.com/debt-identity-series-why-debt-keeps-coming-back-and-what-to-do-about-it/
Links mentioned in this episode…
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