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)

168. “I’m going to die with student loans. Why should I count them?”

168. “I’m going to die with student loans. Why should I count them?”

Emi, 32, and Antonio, 29, have been married for six years and have struggled with debt for even longer. Credit cards, personal loans, student loans, refinancing—Emi has kept her head in the sand throu...

6 Elo 20241h 7min

167. “We took a loan to pay off our credit cards—and maxed them out again”

167. “We took a loan to pay off our credit cards—and maxed them out again”

Ashley is 29, Brandon is 30. They have been married for six years and have accumulated $261,000 in debt. Despite taking out a surrogate loan, they are still unable to have a baby. Ashley is desperate ...

30 Heinä 20241h 4min

166. “I’m embarrassed—we hid $10,000 cash in our closet for 3 years”

166. “I’m embarrassed—we hid $10,000 cash in our closet for 3 years”

Christina is 37 and Noah 35. They’re married with one young son and another on the way. They earn a very high income, but their decisions are clouded by stress over money and over the future. Noah pla...

23 Heinä 20241h 18min

165. “I make 10x my husband’s income. Will we ever feel like equals?”

165. “I make 10x my husband’s income. Will we ever feel like equals?”

Geena is 44 and James 39. They live in Brooklyn where she works as a corporate attorney and he’s a freelance musician—resulting in a 10x income disparity. They travel a lot, but do they invest enough ...

16 Heinä 20241h 12min

164. “I stress over money—but we’re seeing Taylor Swift in France tomorrow”

164. “I stress over money—but we’re seeing Taylor Swift in France tomorrow”

Taylor is 39 and Steve is 42. They're married and live in New York City. Steve lost his job years ago, but has coasted without getting serious about his career. Taylor’s done the opposite—and now she’...

9 Heinä 20241h 10min

163. “I work & watch my infant FT b/c we can’t afford childcare”

163. “I work & watch my infant FT b/c we can’t afford childcare”

James and Nicole, 42 and 44, just had a second baby—but they weren’t prepared for the additional costs associated with a growing family. They spend 90% of what they make and struggle to afford childca...

2 Heinä 20241h 15min

162. “We panic over money—but spend $84K/year on travel and shopping”

162. “We panic over money—but spend $84K/year on travel and shopping”

Paul, 33, and Maddie, 29, joined us in New York City for a live-recorded episode. She is a high earner, but worries about lifestyle creep. He recently left his job, and they’re treading water on one i...

25 Kesä 20241h 8min

161. “He hid $77k in CC debt from me—but can’t tell me what he bought”

161. “He hid $77k in CC debt from me—but can’t tell me what he bought”

Jim and Dana are 58, five years into their second marriages, and coping with changes in their new lifestyle in different ways. Jim is set on providing as he follows patterns from his past, hiding tens...

18 Kesä 20241h 15min

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