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(258)

33. “We’re in debt, but I don’t want to make her go back to the corporate world”

33. “We’re in debt, but I don’t want to make her go back to the corporate world”

Martin and Arly feel suffocated by mounting interest on their debt and are jaded by the corporate world. Martin earns $125,000, but Arly is selling essential oils in a network marketing business (read...

8 Mar 202241min

32. “We just got married, but I’m scared to combine our income and debts”

32. “We just got married, but I’m scared to combine our income and debts”

Today is part two with John + Lindsey, and progress on finding a solution that sticks for the couple is slow. Listen to how John gets riled up with rage and resentment when I ask him simple questions....

1 Mar 202255min

31. “Shopping at Target is like visiting a casino to me”

31. “Shopping at Target is like visiting a casino to me”

Lindsey and John are stuck. Despite earning a joint income of $150,000, John’s debt is crippling their relationship and financial future. They respond by self-soothing. John runs on auto-pilot avoidan...

22 Feb 20221h 6min

30. “I want to change—but can I keep the truck?”

30. “I want to change—but can I keep the truck?”

It’s time to create a plan of action for Brad and Becca’s unsophisticated spending habits that we learned about in part one. I want to get them away from the gimmicks of monthly payments and immediate...

15 Feb 202244min

29. “I never know when spending money on something will be an issue with him”

29. “I never know when spending money on something will be an issue with him”

Brad and Becca are in debt. Lots of it. Together they make $105,000 a year, but Brad makes impulsive flash purchases on credit cards. There is no saving, no long-term plan–only short bursts of gratifi...

8 Feb 202243min

28. “What if we divorce and I end up homeless like my mom?”

28. “What if we divorce and I end up homeless like my mom?”

Most people think if they earned 25-50% more, all their money problems would disappear.  Katie and Shawn are a living example that that’s not true.  They earn almost half a million dollars per year, s...

1 Feb 20221h 1min

27. “I don’t care about what he wants, I just want to win the argument”

27. “I don’t care about what he wants, I just want to win the argument”

It all started with a splurge at Target. Tami spent $250 and tried to hide it from her husband, Mike. He likes to make digs and police her spending habits. She likes to make jokes about his bad purcha...

25 Jan 20221h 2min

26. “How do we create our Rich Life when we don’t trust and respect each other?”

26. “How do we create our Rich Life when we don’t trust and respect each other?”

My conversation with Mira and Dan was supposed to be about tax returns. He hasn't filed his yet, and it's making Mira feel insecure, anxious, and unsafe. Dan wants her to relax and trust him for once!...

18 Jan 202251min

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