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(256)

7. “My parents keep expecting us to pay for them”

7. “My parents keep expecting us to pay for them”

Barry is a first-generation Pakistani immigrant. His wife, Maria, is also Pakistani and was born and raised in the United States. Cultural expectations are making it difficult to get aligned on their ...

31 Aug 202147min

6. “We can’t afford to live in NYC, but my wife doesn’t want to leave the city”

6. “We can’t afford to live in NYC, but my wife doesn’t want to leave the city”

Jessica grew up wealthy in New York City. She can't imagine her life anywhere that's not within walking distance to the coffee shop, the best schools, and her parents (who live two blocks away). Her h...

24 Aug 202146min

5. “I paid off $50,000 of debt, but I still feel guilty buying toothpaste”

5. “I paid off $50,000 of debt, but I still feel guilty buying toothpaste”

Sheena has paid off a huge chunk of her student debt. Peter wants to plan a trip to Japan for their 10th anniversary and decorate their apartment, but Sheena’s first reaction is, “How will we afford i...

17 Aug 202137min

4. “My wife didn’t know I had $450,000 of debt until yesterday”

4. “My wife didn’t know I had $450,000 of debt until yesterday”

John has a lot of debt. Wendy knew about the $450k he owed when they started their relationship, over ten years ago, but she only found out what the current number is the day before their call with me...

10 Aug 202149min

3. “My husband is going broke, but he won’t let me help”

3. “My husband is going broke, but he won’t let me help”

Calvin feels he needs to be the “man of the house” and pay for everything. There’s just one problem: He can’t afford it. Every month he’s in the red, leading him to be anxious around money. Chantha li...

6 Aug 202146min

2. “We’re worth $1 million, but we're so cheap, our friends don't want to see us anymore”

2. “We’re worth $1 million, but we're so cheap, our friends don't want to see us anymore”

Ashley and Greg have a household income of over $250,000 and a net worth of over one million dollars. They’ve developed a reputation for being cheapskates. Not only do their friends and family say tha...

5 Aug 202155min

1. “My husband doesn’t trust me to run our business”

1. “My husband doesn’t trust me to run our business”

Alyssa and Ilan have been in a relationship since 2007 and are now married. They both lost their jobs during the pandemic, but acting on their feet, launched a highly successful baklava business which...

4 Aug 202151min

Trailer: Real money stories from behind closed doors

Trailer: Real money stories from behind closed doors

I’m Ramit Sethi, author of the New York Times bestseller ‘I Will Teach You To Be Rich.’ I’ve always been fascinated with money and psychology. Why do some of us feel so anxious about money? Why do we ...

19 Jul 20218min

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