53. “We want to break the cycle of generational poverty, but we don’t know how” (Part 1)

53. “We want to break the cycle of generational poverty, but we don’t know how” (Part 1)

Annie and Austin were both raised without knowing where their next meal would come from. They came to me looking for a way to break the relentless chain of generational poverty that they’ve experienced… and that they fear they’re passing on to their two young children. The good news is that it’s not too late for them, or anyone, to start making the right decisions and move toward a Rich Life they can be proud to pass on. They bring in about $130k a year in a low-cost region, and since they’re only in their twenties, they can expect to make more money as they get further into their careers. Annie and Austin have never been taught about money. So listen in as I meet them where they are: zero savings, $68,000 in debt, and no tools for managing their finances. Stick around next week for part two of this conversation, where we dig into the numbers and present long-term solutions. Connect with Ramit Website Instagram Twitter Facebook YouTube Linkedin 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.

Episoder(257)

128. “We have $285k in debt. Can we achieve financial freedom in 5 years?” (Part 1)

128. “We have $285k in debt. Can we achieve financial freedom in 5 years?” (Part 1)

Trin and Lucas are 35 with two kids. They’re bleeding money but they don’t know why, or how to fix it. Lucas is an extreme entrepreneur, leading to trust issues related to his shocking risk taking and...

31 Okt 20231h 4min

127. “Our financial advisor almost cost us $800k. How do we fire them?”

127. “Our financial advisor almost cost us $800k. How do we fire them?”

Jeff is 50, he’s a specialized surgeon. Susan is 48, she stays at home with their two kids. Their discretionary spending has grown over the years, ballooning at an uncontrollable rate. But their bigge...

24 Okt 20231h 24min

126. “We have $30k of CC debt. Why did we buy a $10k timeshare?” (Part 2)

126. “We have $30k of CC debt. Why did we buy a $10k timeshare?” (Part 2)

It’s time to get tactical in this energetic follow-up episode with Cristina and Ron. Building on their story, we unpack their three most glaring money mistakes—a percentage-based financial advisor, wh...

17 Okt 202348min

125. “He’s so afraid of money he can’t log into his own bank account” (Part 1)

125. “He’s so afraid of money he can’t log into his own bank account” (Part 1)

Meet Cristina and Ron. Cristina's 30, Ron is 45, and they've been married for four years. Cristina wonders why she's the one managing money in their relationship, especially when Ron is older and he s...

10 Okt 202355min

124. “We make $113,500. Why do we feel poor?”

124. “We make $113,500. Why do we feel poor?”

Bebe and Paul are 37 and 40. They have two young kids and in the last few years, they have moved about ten times for various family reasons. They’re stuck in false narratives that are sinking their fi...

3 Okt 20231h 15min

123. Ramit’s travel tips, real estate FOMO, and talking to kids about money

123. Ramit’s travel tips, real estate FOMO, and talking to kids about money

This is a special solo episode where I answer questions from members of my Money Coaching program. In today’s episode: My favorite services that I use when I travel, how to handle FOMO when you're inv...

26 Sep 202350min

122. “I shouldn’t have to ask for $20 to get McDonalds for the kids”

122. “I shouldn’t have to ask for $20 to get McDonalds for the kids”

Doni and Cacey are 30 and 40 years old with three very young kids. Doni’s struggled with credit card debt in the past, putting pressure on Cacey to control their finances—in addition to being the fami...

19 Sep 20231h 14min

121. “He wasn’t supposed to have student loans. Now he has $157k.”

121. “He wasn’t supposed to have student loans. Now he has $157k.”

Alana and Sam, 37 and 36, have two kids and $157,000 in student loans—loans which his mother assured would be paid. They haven’t been. Instead, the debt has tripled since he left school. Their home li...

12 Sep 20231h 8min

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