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.

Avsnitt(256)

199. “I struggle w/ cc debt but insisted on a Cartier wedding ring”

199. “I struggle w/ cc debt but insisted on a Cartier wedding ring”

On today’s episode, we’re live from Boston for my recent Money For Couples book tour. First, I talk with Robert (28) and Giselle (28) who appear to have it all together, but behind the scenes, they’re...

11 Mars 20251h 13min

198. “I work 7 jobs but can’t get ahead. Are we doomed?”

198. “I work 7 jobs but can’t get ahead. Are we doomed?”

Juan (43) and Amber (40) feel behind on their retirement plans after years of prioritizing travel and expensive hobbies over investing. Juan, who grew up poor, struggles with a scarcity mindset—underc...

4 Mars 20251h 36min

197. “I thought he was the problem… but it’s me?!”

197. “I thought he was the problem… but it’s me?!”

Live from the House of Blues in Chicago, Ramit coaches Evelyn and Mike (41). Despite their successful careers, money is a constant source of tension. Evelyn scrutinizes every purchase, while Mike feel...

25 Feb 20251h 28min

196. “He used to help me with debt…Now he’s making it worse”

196. “He used to help me with debt…Now he’s making it worse”

Frank (29) and Jill (33) are parents of two young kids and are trapped in a vicious cycle of overspending and debt. With fixed costs eating up 107% of their income and $25,000 in credit card debt, th...

18 Feb 20251h 37min

195. “Her socks have holes but she's too cheap to buy new ones”

195. “Her socks have holes but she's too cheap to buy new ones”

Matt (34) and Eliza (32) have spent years prioritizing investments, setting themselves up for a secure retirement—but now, they struggle to enjoy spending money. Matt deprives himself when they go out...

11 Feb 20251h 24min

194. “$0 savings, $0 investments. Is it too late for us?” (Part 2)

194. “$0 savings, $0 investments. Is it too late for us?” (Part 2)

On last week’s episode, we met 38-year-old LaKiesha and 45-year-old James, a couple struggling to get on the same page financially. With no savings, no investments, and deep-rooted money fears, they’r...

4 Feb 20251h 14min

193. “I’ve filed for bankruptcy twice. Will I ever stop spending?” (Part 1)

193. “I’ve filed for bankruptcy twice. Will I ever stop spending?” (Part 1)

Despite their best intentions, LaKiesha (38) and James (45) have fallen into a cycle of overspending—convincing themselves that wants are needs and that enjoying money now outweighs planning for the f...

28 Jan 20251h 14min

192. “We spend 98% of what we make—Where is it all going?”

192. “We spend 98% of what we make—Where is it all going?”

Justin (40) and Deepika (32) are stuck in a frustrating financial loop: despite their high income, they feel like they’re living paycheck to paycheck. Deepika dreams of buying a house someday, but the...

21 Jan 20251h 37min

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