How Paying Off Debt is an Anti-Capitalist Act
Debt freedom is more than just being rid of monthly payments. Over a flight of kombucha, Joanne and I get to talking about our finances. Friends for three years now, our easy conversation ranges across all the domains of our lives – love, money, work, creative pursuits. Sometimes, these take the form of PowerPoint presentations when a few weeks have lapsed between meetings. This day’s PowerPoint had exciting news. My student loan balances are now below $10,000 and I’m projected to pay that off in less than a year. Shocked, Joanne asks how that’s possible. She confides in me that she feels like she’s drowning in her debt and doesn’t know where all her money goes every month. She has medical debt, owes money to the IRS, and a five-figure credit card balance. She lamented that her list of debts only seems to grow – debts she feels like she’ll never be able to pay back. By the time we leave the kombucha bar we’ve struck a deal. I will analyze her finances from the last year and help h...