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Episode 3092:

J.D. Roth challenges the notion that paying off debt requires extreme austerity, advocating instead for a balanced, sustainable approach. By gradually building frugal habits and allowing room for joy, you can make progress toward financial freedom without feeling deprived or overwhelmed.

Read along with the original article(s) here: https://www.getrichslowly.org/should-repaying-debt-be-an-obsession/

Quotes to ponder:

"You paid off $35,000 in debt in just over three years. Does that mean you were balls-to-the-wall dedicated and had no frills and were dour-faced the whole time?"

"Most people who leap from a lifestyle of deficit-spending to one of extreme frugality find the waters very, very cold."

"Yes, thrift and frugality are important tools to meeting your financial goals. But I believe it's important to develop sustainable financial goals."

Episode references:

Frugalwoods blog: https://www.frugalwoods.com

Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766

The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474

Mr. Money Mustache blog: https://www.mrmoneymustache.com

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