3 common myths about being in debt that are stopping you from paying it off

3 common myths about being in debt that are stopping you from paying it off

Paying off your debt can seem like an obstacle you don't even know how to start climbing over.

While millions of Americans carry some form of debt “” whether from credit cards, medical bills or student loans “” it could be that a simple mindset shift is all you need to get rid of it for good.

"It's very easy to see paying off debt as a chore," Jordanne Wells, personal finance blogger at Wise Money Women, tells CNBC Select. "A lot of sacrifice is required and it feels very difficult."

Yet Wells describes her debt payoff as joyful when she's able to keep perspective.

"I do it with joy when I'm working toward my lifestyle and where I want to be," she says.

Wells, who successfully paid off $30,000 in credit card debt in one year, says it takes a lot of mindset shifts to tackle your debt. But first, you have to stop believing in these three common myths about debt.

Myth 1: You can't enjoy your life until you're debt-free

If you're holding off on plans until all your debt is paid off, you'll never get there. Thinking you can't see the inside of a restaurant unless you're serving there doesn't help motivate you, argues Wells.