69. “We make almost $300k per year but we can’t afford our mortgage”

69. “We make almost $300k per year but we can’t afford our mortgage”

Chris and Camilla are 33 and 31 and they make almost $300k collectively living in a high cost of living area. They recently bought a vacation home, like everyone on TikTok tells you to do. Surprise, surprise—there’s no fairytale ending here, no mounds of passive income, no soaring property values or slam dunk investments. They thought they’d cash in on a hot market. But with the slow season approaching, they’ve realized they're losing money. How should they handle it? And (gasp) what might other people say if they have to sell? This episode is reminiscent of another Canadian couple, Eric and Elena, from episodes 49 and 50, who also bought a house they realized they couldn't afford. But I think you'll find this one fascinating for the differences—especially in the numbers. 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)

65. “I make $200k/month. He makes $2k. Who pays for dates?” (Part 2)

65. “I make $200k/month. He makes $2k. Who pays for dates?” (Part 2)

Connie and Wes have severe gender expectations. Connie desperately wants Wes to be the “man” in the relationship and pay for dinner. But when he tries, she scolds him to save for the future instead. T...

18 Okt 20221h

64. “My boyfriend is perfect… except he’s broke” (Part 1)

64. “My boyfriend is perfect… except he’s broke” (Part 1)

Connie and Wes have been dating for a year—but they have some very serious issues with how they see money, both individually and as a couple. The story to keep in mind: Connie’s mom earned considerabl...

11 Okt 202239min

63. “How to stop feeling guilty about money—no matter your income”

63. “How to stop feeling guilty about money—no matter your income”

After talking to 60+ couples, Ramit reveals the #1 money issue that people deal with: feeling guilty. From what you heard as a child about money… to not being able to enjoy a vacation as an adult, Ram...

4 Okt 202232min

62. “Why are we waiting for payday if we make $140k?”

62. “Why are we waiting for payday if we make $140k?”

Amy and Andre are 42 and 34 respectively. They make $140k a year, but they admit they’re often waiting for payday. They’re buried in debt and can’t seem to make any progress, which is bringing serious...

27 Sep 20221h 16min

61. “I am going to die in 5 years. Should I quit my job?” (Part 2)

61. “I am going to die in 5 years. Should I quit my job?” (Part 2)

In part two of Tom and Julie’s conversation, they start to see their reality for what it is—Julie may not have long to live, but she’s still working and is afraid to spend their millions on making mem...

20 Sep 202251min

60. “My health is in question, but I don’t want to stop making money” (Part 1)

60. “My health is in question, but I don’t want to stop making money” (Part 1)

Today’s conversation will shock you—point blank. Tom and Julie are in their early fifties and have two school-aged kids. Both are savvy with their investments, and they’ve amassed a $12 million dollar...

13 Sep 202244min

59. “98% of our net worth is in real estate. Are we in trouble?”

59. “98% of our net worth is in real estate. Are we in trouble?”

Georgia and James bring a different problem to the table than we’re used to hearing about. In this one, we zoom in on where, exactly, their net worth has come from… and the real risks of these decisio...

6 Sep 202257min

58. “If we want to retire, we’d have to live on $36k”

58. “If we want to retire, we’d have to live on $36k”

This week’s conversation brings a slightly different perspective to the table. Michelle and Eric are in their fifties and are terrified that they’ve waited too long to invest for retirement. They’ve b...

30 Aug 202258min

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