140. Building Wealth: From Debt Reduction to Financial Freedom feat. Madison Gammons

INHABIT with Alessia Citro

In this episode of INHABIT, Alessia Citro sits down with Madison Gammons, a money and mindset coach. They discuss Madison's journey from being $70,000 in debt to building a net worth of $300,000, and explore strategies for debt reduction, wealth building, and aligning finances with personal values. Madison shares insights on changing money mindsets, the power of delayed gratification, and the difference between being rich and wealthy.

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TIMESTAMPS:

5:05 - Madison's transition from corporate life to entrepreneurship

10:26 - Discussion on delayed gratification and its importance in wealth building

15:54 - Strategies for getting out of debt, including the avalanche and snowball methods

21:23 - The importance of gratitude in debt repayment and reframing debt as a learning experience

25:21 - Explanation of aligned spending plans vs. traditional budgeting

30:48 - The power of accountability in achieving financial goals

35:22 - Madison's personal habits that contribute to her success

40:19 - The difference between being rich and being wealthy

45:57 - Overview of Madison's coaching program and approach to financial freedom

RESOURCES MENTIONED:

Connect with Madison on Instagram: @themadisonj

Madison's new podcast, Busy Getting Better

Hatch alarm clock* (mentioned as a tool Madison uses to keep her phone out of her bedroom)

EFT (Emotional Freedom Technique) tapping resource

Whitney Yuland's hypnosis program (mentioned by Alessia, specifically for helping with being perceived on a massive scale)

Get Alessia’s book, Higher Self Habits*

Now available on Audible! Get a free 30-day trial!*

TRANSCRIPT

KEYWORDS: Debt payment habits, debt payment celebration, emergency fund building, using credit cards wisely, delayed gratification, reframing debt, gratitude practice in debt repayment, managing debt shame, value-aligned spending, strategic debt, practical financial advice, motivational financial advice, social media branding, client financial success, managing negative thoughts, curiosity about root causes, truth checking beliefs, EFT tapping, financial literacy, wealth building, sales career for financial escape, long-term financial discipline, compound interest, avalanche debt repayment method, snowball debt repayment method, transforming debt into net worth, improving morning routine, tracking net worth, wealth mindset coaching, personal development podcast

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