Fiology: The Study of Financial Independence (FI)

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Fiology Lesson 8: Overcome Debt


Having debt on our way to Financial Independence feels like starting a baseball game already down 5 runs. The good news is we have the ability to come back from our deficit and achieve victory. Now, you may be wondering how to get out of debt. We just have to understand a few methods of debt repayment and use them to our advantage. Overcoming debt allows us to accelerate our savings rate towards achieving Financial Independence. And it feels great knowing that once you are debt free, the money you are now making belongs to you and your future. This lesson educates and inspires us to take action now.

Read:  The Emotional Burden Of Debt  by Jane Hwangbo of

Read:  The Dark Side Of Interest  by Joel of

Read:  Kick Debt’s Butt! How To Get Out Of Debt On Your Own  by David Weliver of

Read:  News Flash: Your Debt Is An Emergency!!  by Pete of

Watch:  How To Pay Off $87,000 of Student Loan Debt  by Marissa of

Explore:  The Debt Paydown Calculator at and the Debt Repayment Calculator at

Read:  A Step-by-Step Guide To Getting Out Of Debt  by Johnny Appleseed of

Take Action:  Now for the fun stuff that actually makes a difference in your world. Put a plan in place to tackle your debt. Be specific, know what accounts are going to get paid off and in what order. Determine the date that each debt will be repaid and the date that you will be able to claim that you are 100% debt free (with the possible exception of mortgage debt).  Publish these dates somewhere you (and others) will see them often. Dry erase marker on a bathroom mirror works as does putting it into your electronic calendar and posting it on a home bulletin board or refrigerator. This endeavor will be a challenge, a challenge worth undertaking and necessary to reach Financial Independence. When times get tough, remember your “Why.”

Additional Resources:

Read:  The Best Debt Payoff Method by Mark of

Quote:  What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?” – Adam Smith is an educational resource designed to teach Financial Independence (FI). We scoured the internet to find content from the best and brightest of the FI community and created lessons covering the critical concepts.

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