154. “We’re drowning in debt, but I drive a BMW”

154. “We’re drowning in debt, but I drive a BMW”

Kevin and Michelle, 32 and 30, joined me live in New York City earlier this year for our very first in-person interview. They have one young child and another on the way, but they can’t stop spending. With low savings, their debt mounts while they both lease luxury vehicles. This episode is brought to you by: Sidebar | Join thousands of leaders from companies like Microsoft, Amazon, and Meta who have taken the first step towards accelerating their career https://sidebar.com/ramit LMNT | Right now, LMNT is offering 8 single serving packets FREE with any LMNT order. This is a great way to try all 8 flavors. Get yours at https://drinklmnt.com/RAMIT. Masterclass | For unlimited access to every class and 15% off an annual membership, go to https://masterclass.com/ramit. Facet | Get affordable, accessible financial planning with a flat fee membership. For a limited time, the $250 enrollment fee will be waived when you sign up at https://facet.com/ramit. Rocket Money | Stop throwing your money away. Cancel unwanted subscriptions – and manage your expenses the easy way – by going to https://rocketmoney.com/ramit. Links mentioned in this episode • "My husband doesn’t trust me to run our business" #1 Connect with Ramit • Get the Podcast Newsletter and exclusive Q&A about the show • Get Money Coaching with Ramit • Download the Conscious Spending Plan • Listen to my book—now on Audible • Get my New York Times best-selling book • Get my no-numbers journal • Other episodes • Instagram • Twitter • YouTube • Submit a question for the newsletter iwt.com/askramit If you and your partner have a money issue and you want my help, I occasionally select a couple to work with, free of charge. Apply for my help here. Produced by Crate Media.

Jaksot(257)

184. “I survived a plane crash. Is stressing about money really worth it?”

184. “I survived a plane crash. Is stressing about money really worth it?”

Ryan is a 38-year-old Air Force pilot. Chloe is a 33-year-old economist. And though they are on track to have millions in retirement, they struggle to spend. Ryan has been criticizing every little pur...

26 Marras 20241h 25min

183. “I saved $5k for an engagement ring, but she secretly took the money”

183. “I saved $5k for an engagement ring, but she secretly took the money”

Michelle (33) and Matt (31) have been dating for seven years, but they’re stuck in relationship limbo, waiting to get married until Michelle deals with her financial problems. Michelle makes great inc...

19 Marras 20241h 23min

182. “We’re $350k in debt & have no savings. Will I have to work until we die?”

182. “We’re $350k in debt & have no savings. Will I have to work until we die?”

Don is 50, Tana is 48, and they’ve struggled to make ends meet their entire adult lives. They have a lot of debt, they’ve never really saved or thought they’d be able to retire… but their income has r...

12 Marras 20241h 23min

181. “We argue about money daily b/c he can’t stop talking about Ramit”

181. “We argue about money daily b/c he can’t stop talking about Ramit”

Nathan (35) and Linda (37) are arguing about money constantly due to Nathan’s anxiety and stress. He continually optimizes and re-optimizes their finances, worrying about retirement and the amount of ...

5 Marras 20241h 27min

180. "We have $30k in cc debt but insist on sending our son to private school"

180. "We have $30k in cc debt but insist on sending our son to private school"

Alexis, 55, and Olivia, 54, are working towards their retirement so they can spend more time with their son. On paper, they’re in a good financial position, with a net worth of over $3 million… but th...

29 Loka 20241h 28min

179. “He just turned 50 and we have no savings. I’m panicking.”

179. “He just turned 50 and we have no savings. I’m panicking.”

Kate is a 43-year-old mom and homeschool teacher. Drew is a 50-year-old professor. They’re $480k in debt with no savings and no retirement plan. Kate is panicking—but Drew refuses to talk about it, an...

22 Loka 20241h 21min

178. How to Get on the Same Page with Your Partner about Money

178. How to Get on the Same Page with Your Partner about Money

Live from Seattle, I work with 2 couples on stage. Sophia is a 41 y/o ultrasound tech. Charley is a 40/yo filmmaker. They don’t combine finances because she can’t trust him with money. Megan, a 37/yo ...

15 Loka 20241h 11min

177. “We’re stressed about cash flow—but I refuse to sell any of my 8 cars” (Part 2)

177. “We’re stressed about cash flow—but I refuse to sell any of my 8 cars” (Part 2)

Jason, 40, and Megan, 34, return to make a plan before Megan gives birth. Jason wants to pay off debt—but refuses to sell his 8 cars. Megan wants equal spending money—even though she’s making 0 income...

8 Loka 20241h

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