If I paid off all your debt tomorrow, how long would it take you to end up right back where you started?

Most people already know a payoff method. Snowball, avalanche, consolidation, they've heard it all. And they're still in debt. In this episode we talk about what keeps sending you back: the feelings loop, buying an image, waiting to be saved, having no safety net, and the people around you who make it really hard to say no.

You'll also hear a simple four-column tool from CBT for the moment you finally open that statement, the questions I ask people in my sessions, and the story of my own student loan.

Your homework:

Grab a notebook and answer three questions.

1. How did I end up here, and what was it for?

2. What's so scary about spending only what I earn?

3. If I had no debt at all, what would I actually do?

Then, this week, look at the full number. Just once.

Free guide "Why You Always End Up Back at Zero":

https://mindsetalina.gumroad.com/l/anti-sabotage-guide

Apply for a 1:1 session with me:

https://forms.gle/3PumaU1rhZePipdv8

Watch the full video on YouTube: https://youtu.be/F3RBBn7-n7Y

Chapters:

0:00 What if I paid off all your debt?

0:25 Who I am

1:18 Why the method isn't the problem

2:33 The day after your debt is gone

3:56 4 reasons people end up in debt

7:58 Why debt got so easy

9:14 The debt thermostat

9:46 Shame and the statement you don't open

12:31 The questions I ask in my sessions

14:56 My own debt

15:57 What actually helps

21:26 Why we quit, and what's waiting on the other side

23:50 Your homework

Research mentioned: Chava & Paradkar, Georgia Tech (2018); Hankins, Hoekstra & Skiba, The Review of Economics and Statistics (2011); Prelec & Simester, Marketing Letters (2001); Karlsson, Loewenstein & Seppi, Journal of Risk and Uncertainty (2009). Full titles are in the YouTube description.

The stories of other people in this episode are mixed and changed so nobody can be recognized. I'm a money coach. This is not therapy or financial advice.