EP 7: What is the Relationship Between Addiction, Control, and Debt?

What is debt? And what is the story, or narrative you believe about it? Many women in business will borrow money at some point in their career, whether it’s start-up capital to grow, bridge financing to cover unexpected expenses, or as we saw in 2020, emergency funds to get through an economic and global health crisis.

In this episode of the Nature of Money, I sat down with Lily’s Mockerman, a founder who ended up more than 500K in debt despite her hard-line personal commitment to ‘avoid debt at all costs’. Her story walks us through a pattern of addiction fueled by a desire for control which was imprinted on her as a little girl when her parents lost her family home. 

I’ve had the pleasure of working closely with Lily as a money therapist over the past several years - and have gotten a front row seat to her transformation. Her story illustrates what is possible with deep inner work.

Addiction specialist Dr. Reef Karim also joins us, along with Mary Shores, a CEO of an innovative collection agency, to explore how unconscious parts of our debt story are often linked to addictive behaviour.

Are you willing to reexamine your relationship with debt? Is it healthy or unhealthy? Maybe you too have been acting out of unconscious beliefs in an addictive pattern, or avoiding the very thing that could set yourself free.