Debt can feel like handcuffs holding you back from true financial freedom—even for high-income professionals like lawyers, doctors, and business owners. In this episode of the LawyerFi Podcast, Florida Collaborative Divorce Lawyer Adam B. Cordover dives into practical and psychological strategies to break free from debt and build lasting wealth.
You’ll learn:
Why paying off debt is about freedom—not just numbers
How compound interest can work for or against you
The Debt Snowball Method (momentum & early wins)
The Debt Avalanche Method (efficiency & interest savings)
How to choose the approach that fits YOUR personality—checklist people vs. spreadsheet people
Hybrid strategies Adam used in his own journey to financial independence
The systems, mindset shifts, and habits that keep you on track for the long run
Whether you’re buried in student loans, credit card debt, or car payments, this episode will help you create a sustainable plan, avoid burnout, and stay motivated until you’re debt-free.
Resources and Links Mentioned:
The Psychology of Money by Morgan Housel: http://bit.ly/3VvjTkA
The Simple Path to Wealth by J.L. Collins: https://bit.ly/4gnUmDT
Atomic Habits by James Clear: https://bit.ly/4p3qZdD
The Gap and the Gain by Dan Sullivan and Benjamin Hardy: http://bit.ly/47tW6ZP
Debt Repayment Calculator: https://bit.ly/3HYV4dG
American Bar Association Student Loan Debt Statistics: https://bit.ly/4lXphrF
Subscribe to the LawyerFi Podcast for more episodes on financial independence for professionals.
Like, comment, and share this episode with a colleague or friend who’s ready to take control of their money.
Sponsored by Family Diplomacy: A Collaborative Law Firm:
If you’re a professional in Florida seeking a private, respectful divorce process, visit FamilyDiplomacy.com
or call 813-443-0615.
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