In this conversation, Julien and Kiersten discuss their personal journey of paying off $200,000 of debt in five years. They explore the emotional impact of debt, the different approaches to debt payoff, and the importance of discussing debt openly as a couple. They also discuss the role of shame and regret in debt payoff, the significance of debt payoff as a financial goal, and the stigma attached to having debt. The conversation highlights the importance of planning, budgeting, and setting goals during the debt payoff journey as well as the impact on lifestyle and mindset. They emphasize the power of partnership, the importance of enjoying living below your means, and the need to anticipate setbacks along the debt payoff journey. In this conversation, Julien discusses the journey of paying off debt and the unexpected benefits that come with it. He emphasizes the importance of building financial resilience and how it can provide a sense of comfort and confidence during challenging times. Kiersten highlights the need to embrace the full range of emotions throughout the debt payoff process, rather than solely focusing on happiness. Together they share their appreciation for the debt payoff journey and contrast it with investment growth, emphasizing the sense of fulfillment that comes from putting in immense effort.

To learn more about the show, visit https://richandregular.com/listen/

Show notes, articles, research or data mentioned in the episode:

Survey: Nearly Two thirds of Americans don't expect their personal finances to improve in 2024
https://finance.yahoo.com/news/survey...

About the Hosts:

Julien and Kiersten Saunders are the hosts of the rich & REGULAR® podcast. New episodes are published weekly on YouTube, Apple Podcasts, Spotify and other streaming platforms. Julien and Kiersten are also the authors of Cashing Out: Win The Wealth Game By Walking Away, named 2023 best overall book about investing by Business Insider and one of the best personal finance books by Forbes. To learn more and purchase the book, visit https://richandregular.com/cashingout/


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