Who’s more likely to have “good debt” like a mortgage?
People who are middle to upper class.
Who’s more likely to have “bad debt” like credit card debt?
Lower class folks.
There’s so much shame around not having enough money for things. And how wealth is distributed is impacted by the way this white supremist patriarchy is set up.
And shaming certain kinds of debt while celebrating others is classism in disguise.
Debt is a tool.
And you get to decide how you want to use it.
Sometimes you want to buy something earlier and you’re willing to pay the 19% interest on your credit card so you can buy it.
It might be a cute sweater. It might be dance lessons for your kid. It might be food.
And you totally get to make that choice.
And other times you might not want to pay that 19% interest, so you won’t use your credit card. That’s okay too.
It’s okay to have debt. And it’s okay to not have debt.
It’s okay to declare bankruptcy. And it’s okay to not declare bankruptcy.
AND NONE OF THIS HAS AN IMPACT ON YOUR WORTHINESS. Saying some decisions make you worthy and others are shameful is a tool of the patriarchy.
YOU ARE WORTHY NO MATTER WHAT DECISIONS YOU’VE MADE IN THE PAST AND NO MATTER WHAT DECISIONS YOU MAKE GOING FORWARD.
No matter what your net worth is today, you’re amazing and worthy and smart.
You can burn the patriarchy down by being okay with the decisions you’ve made in the past.
PS If you feel like shame is what’s been holding you back from your next income level, I can help.
You’re invited to book a FREE consultation to explore how shame is impacting your income and whether working together can help you get unstuck.