Getting out of debt isnt easy, and while theres plenty of practical advice to help, the psychological toll is a huge, often-overlooked obstacle. When you feel utterly powerless against debt, it only makes the process more difficult. While it takes money to get the job done, shifting your mindset to an empowered one will help you through the long slog to financial freedom.
Illustration by: Sam Woolley
In Dear Debt, personal finance author Melanie Lockert describes her own story about paying over $US80,000 ($105,975) worth of student loan debt in less than five years. She says that while all of the basic money advice is a necessary part of the plan, what helped her more than anything was changing the way she thought a…
Read the full article at: http://www.lifehacker.com.au/2016/09/the-shift-in-mindset-that-will-help-you-get-out-of-debt/
