251. "We own a $1M house but can’t pay for groceries"
About this episode
Ramit Sethi follows up with John and Victoria to see how they managed their finances after a coaching session.
Ramit Sethi of I Will Teach You To Be Rich talks to John and Victoria in a follow-up episode. This couple, in their thirties with three children and a home in suburban New York, is facing severe financial challenges with 97% fixed costs and over $100K in non-mortgage debt. In their last session, Ramit highlighted the urgency of their situation, presenting them with two stark choices: sell their house and clear debt, or double down on income and aggressive cuts. They chose to keep their house, which required Victoria to return to work, both of them to significantly increase their earnings, and drastically cut spending. Ramit challenged them to implement these changes within two months. This episode reveals how John and Victoria fared in those crucial eight weeks. Did they truly embrace change, or did old habits resurface? In this episode we uncover: • Their initial feelings after the first money coaching session • The surprising reason for Victoria's job loss • How they managed to cut $500 from their grocery bill • Why John thinks dry cleaning is a necessity • Ramit's radical advice on debt repayment versus savings • The true meaning of "rich life" for John and Victoria • How…
More episodes of Money For Couples with Ramit Sethi
- 257. "We really want a house - but have $0 in savings"
- 256. "We moved abroad for fun. Now we can’t afford to leave"
- 255. "I’m 40 and work 2 jobs. How are we still broke?"
- 254. My $0 to $100k Playbook (full beginners guide)
- 253. "I’m 53, exhausted, and still living paycheck to paycheck"
- 252. "I’m 35, in debt, and spend everything I make"
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