4 thoughts on “Why I say ‘negative wealth’ and not ‘debt’?”

  1. Another good reason to use this mindset is because it does encourage raising your income, not slashing your budget. I’m all for living frugally and slashing your budget, and we should do that – just not necessarily to the point of misery. Have a little fun with life! Raise your income and pay off debt and have even more fun!

  2. Very nice–the way we think about things can make a big difference. ‘Debt’ does have a pejorative connotation. I like your idea of thinking of each loan or credit card payment as cutting ‘negative wealth.’ Our goal is not really to be debt-free; that’s just a means to and end, and that end is to build enough wealth to live as we wish throughout our lives.

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