debt is slavery
one thing i really admire about the ceo of our company is how considerate he is. he comes off as a fundamentally human being that cares about people. he works hard, focuses on what he wants, and leads well.
one of the first things he mentioned to us about starting a business is that you dont need to take on debt. that makes for some very poor decisions in the long run. more importantly though, debt is modern day slavery. you limit what you can do when you take on debt. consumerism feeds into the cycle of debt in america. how the economy and everything else hasn’t collapsed given the absolutely miserable state of american finances is beyond me. more than a trillion dollars in credit card debt and another trillion in car loans. i make more money than 3 out 4 americans and this is just my first job. im incredibly blessed. on top of that, while i am fairly liberal with my money, im also very well educated on money, how to use it, spend it, invest it, etc. even then, im projected not to be debt free until january of 2026. i could do it in 3 months living extremely frugally but if im only putting half my income towards debt it will take me 6 months.
that’s the outcome for someone who has a well paying job, knows about money, tracks his spending down to every last cent, and has a plan. i can only imagine how terrible the situation is for most americans, it just can’t be sustainable. i feel the shackles even now and i have no real obligations. i think, from this experience of buying a car and having some other minor debt (braces/invisalign treatment), ive learned how much more seriously to take money. more importantly though, ive learned how important it is not to take on bad consumer debt— that can be a burden that takes years off your life. not only does it give you a constant source of worry, but you end up paying more for the thing you wanted in the long run. loans are a way to get a dopamine hit. on top of that, the ease with which consumers can access capital at predatory rates is borderline criminal.
debt is slavery. and im enslaved. i have a couple months until i dig myself out of this hole.
126 - 07/23/2025