Day 38 of 90 · STRENGTHEN · Week 6: Understand Your Debt
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Debt Is Not One Thing
Distinguish between the kinds of debt you hold.
About 5 minutes
Learn
Debt varies by cost, flexibility and purpose. A low-rate fixed loan and a high-rate revolving balance behave very differently.
Grouping all debt into one emotional lump makes it harder to act on the part that costs the most.
Precision reduces dread. Vagueness increases it.
Do
Write out each debt you hold by name, without figures yet.
Think About It
How many separate debts do you actually have?
Optional — no answer needed to continue
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