Breaking Free from Debt

di Pierre Michel Dubois (Autore)

Cobbo Publishing LLC, 2025

This audiobook is narrated by a digital voice. Debt is more than numbers on a statement or monthly payments that drain your bank account. It represents a fundamental shift in how we perceive our relationship with money, our future, and ourselves. Understanding the psychological foundations of debt is crucial because financial liberation begins in the mind long before it manifests in bank balances. Most people accumulate debt gradually, almost imperceptibly at first. A credit card purchase here, a small loan there, perhaps a larger purchase justified as an investment or necessity. This incremental process masks the true weight of financial obligation until it becomes overwhelming. The human brain, evolved to focus on immediate rewards rather than long-term consequences, makes us particularly vulnerable to this gradual accumulation. The emotional cycle of debt creates a powerful psychological trap. Initially, borrowed money provides relief, satisfaction, or the ability to acquire something desired. This positive association with debt creates neural pathways that make future borrowing feel natural and justified. However, as obligations mount and payments become burdensome, the emotional landscape shifts dramatically. Anxiety, shame, and fear begin to dominate financial decisions, often leading to even more destructive choices. Shame plays a particularly insidious role in perpetuating debt cycles. Unlike guilt, which focuses on actions we have taken, shame attacks our sense of self-worth and identity. People in debt often begin to see themselves as failures, losers, or fundamentally flawed individuals. This internal narrative prevents them from taking the rational, systematic steps necessary to address their financial situation. Instead, they may withdraw from financial planning entirely, ignore statements, or make minimum payments while hoping their situation will somehow improve on its own.

• Autore: Pierre Michel Dubois
• Anno edizione: 2025
• Editore: Cobbo Publishing LLC
• Lingua: Inglese
• EAN: 9798318185120