Some people have been misinformed that good credit equals financial independence. It doesn't. Those are two different things but having good credit can help you get to financial independence faster because bad credit causes you to pay more in interest (especially if you want to get a mortgage to buy a house) which takes away from your disposable income
As a teenager, my mother mentioned a few times to never get a credit card but never explained why and you have to tell me why. So when I received my first credit card offer I apply, get the card and tell myself that I would just use it here and there. Well... I maxed that card out in 1 month. It didn't have a high credit limit but it was still maxed (not good). Initially, I was not concerned because I had a job so I had the means to pay the bill when it comes, but I noticed that even though I am paying the minimum payment and the balance is not really moving.
In the beginning the motivation to pay off your debt is high and you are excite to achieve financial freedom but there are a few reasons that you may loose your enthusiasm. One could be the time period it takes for you to reach your goal or it could be frustration from unexpected expenses that throw you off of your plan during the payoff process. We are going to talk about the latter.