Ep 38: Debt is a Habit: Here’s How to Change It
If you’ve ever felt buried under debt, this might be the most liberating podcast you’ll ever hear.
Imagine waking up one morning and realizing that the crushing weight of debt that has been plaguing you for so long is gone. Not because you won the lottery. Not because someone bailed you out. But because you rewired the habit that created it in the first place.
In this episode of the 30-Day Year Podcast, Dave and Jacq dive into a topic most people dread: DEBT, and approach it from a completely new perspective.
They reveal why debt is not a financial condition but a mental habit… and how changing that habit unleashes unstoppable forward momentum.
From Bob Proctor’s challenge that forced Dave to reset his “zero,” to the McDonald’s drive-thru lesson that explains credit and debt better than any finance textbook, this episode turns guilt into growth and turns “getting out of debt” into a game of personal mastery. Let’s dive in!
Key Takeaways
1. Debt Is a Habit, Not a Sentence (09:11)
Most people treat debt like a life sentence. But it’s really just a habit of thought and behavior. If your mind expects to owe, it will keep finding ways to stay in that pattern. Freedom starts the moment you remove shame and understand that debt is simply receiving something you haven’t yet earned.
2. The Eye-Opening McDonald’s Drive-Thru Lesson That Explains Debt Perfectly (06:27)
Dave’s McDonald’s example explains credit and debt with beautiful simplicity. At the first window, you pay (McDonald’s owes you.) At the second window, they deliver your food. Debt cleared. In life and business, every exchange works the same way. Once you understand where you stand in that cycle, you can stop drowning in confusion and start moving forward with confidence!
3. Why Setting Your Goal To “Get Out of Debt” Keeps You In It (13:23)
When your main goal is to “get out of debt,” your energy stays tied to debt. And you can’t escape what you constantly picture. Dave calls it “the goal trap.” Instead, he recommends shifting your focus to these THREE things instead. Tune in to find out what they are!
4. The Shane Story: How One Client Crushed $70K in Debt, Fast! (16:54)
Dave tells the story of Shane, a client who spent years suffocating under a mountain of debt. Once he changed his mindset and refused to nibble at small payments, everything flipped. He earned more and got rid of $70,000 of debt in just four months! What was his secret? Dave shares it in this segment of the episode!
5. How To Beat Tax Trauma (18:37)
Dave confesses he used to avoid taxes early on in his career, and he shares how he finally broke the avoidance habit and replaced stress with structure, beat his tax trauma, and skyrocketed his confidence!
6. The Four Habits of Financial Freedom (24:58)
Want financial freedom? In this segment, Dave lays out these 4 simple habits… and he also shares which habit is THE MOST important! Tune in now!
Final Insight
Debt is not your enemy. It’s just a habit. When you stop resenting what you owe and start mastering how you earn, you can flip compounding in your favor… and every dollar begins to work for you, not against you. Ready to discover how to change your debt habit?
FREE BONUS: Join The 21-Day Money Momentum Challenge!
To help you build the earning habit, Dave and Jacq created the free 21-Day Money Momentum Challenge. It guides you through daily mindset and action steps that increase income, build confidence, and create the kind of surplus that wipes debt off your books, for good!
