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)

56. “We have $200,000, but we’re afraid to take a vacation”

56. “We have $200,000, but we’re afraid to take a vacation”

Michelle and Dan are in their early thirties, and from the outside, they look like they’re in a great place financially. They make $225,000 annually, and they’ve saved $200,000 already. So, why do the...

16 Aug 20221h 1min

55. “My top 5 lessons from one year of interviewing couples about money”

55. “My top 5 lessons from one year of interviewing couples about money”

Personal finance can seem complicated, but most issues are linked back to two core influences—how people think and feel about money. Where they land on those scales has a wide range of possible manife...

9 Aug 202244min

54. “We grew up poor—but we could be millionaires” (Part 2)

54. “We grew up poor—but we could be millionaires” (Part 2)

Last week, in part one of my conversation with Austin and Annie, we got deeply personal about their upbringings and the invisible scripts they picked up as kids. I learned that they were passing bad m...

2 Aug 202253min

52. “He hides purchases from me—and I let him”

52. “He hides purchases from me—and I let him”

Lisa and Jeff are in their forties and have a blended household. They had about a $300k net worth before they were awarded a $1.275M settlement in January of this year. What’s important isn’t the deta...

19 Jul 20221h 18min

51. “We went bankrupt, but I still have no boundaries with money”

51. “We went bankrupt, but I still have no boundaries with money”

Katie and Cal are in their mid-twenties and, after moving around a bit, they live back home in Alaska with their young children. They bring in about $100k a year and have a good chunk of debt, about $...

12 Jul 20221h 25min

50. “Maybe buying this condo was a mistake” (Part 2)

50. “Maybe buying this condo was a mistake” (Part 2)

In part 2 of Elena and Eric’s story, we learn about the deep emotional ties that Elena associates with the condo that’s draining their savings account—and why she’s so anxious about outside opinions i...

5 Jul 202247min

49. “Our housing expense unexpectedly went up $2K when we bought our first home” (Part 1)

49. “Our housing expense unexpectedly went up $2K when we bought our first home” (Part 1)

Elena and Eric are both 25. They live in Toronto, and they make $160k as a household. They love going to EDM festivals and spend thousands of dollars every year traveling to them—it’s their Rich Life!...

28 Jun 20221h 8min

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