This episode is about the freedom that comes from getting out of debt. We live in a time when being in debt is the norm in our society. The basis of the debt culture lies in government policies (such as inflating the money supply and artificially lowering interest rates) that actively incentivise individuals to get into debt. These government policies filter through into opportunities for debt everywhere that are encouraged by mainstream culture. For example: student loans for college, credit for consumer goods, the mainstream ideal of home ownership and the mortgage debt that goes with it. Debt becomes a way of life for most people, which can lead to rationalising it and being over-optimistic about it's impact. Ultimately debt always reduces your financial freedom. It is always restricting the freedom of action of your future self. Jake talks about his experience of being in debt and getting out of debt. The podcast goes on to focus on the benefits of being debt free:

• The main benefit is in increasing your freedom of action when you are out of debt
• When debt is cleared it removes a constant source of worry
• Deciding on how to use your money can be a pleasure again and an aspect of freedom
• Removing debt is an aspect of self-care: it is financial self-care

This podcast and blog summary contains only my personal opinions, it does not constitute financial advice and I am not a financial advisor.