255. "I’m 40 and work 2 jobs. How are we still broke?"
About this episode
Ramit Sethi discusses the financial struggles of a married couple with multiple jobs, zero savings, and significant debt.
Ramit Sethi of I Will Teach You To Be Rich talks to Gabriella, 36, and Chris, 40, a married couple from Pennsylvania with four kids, zero savings, and $32,000 in credit card debt. They both work multiple jobs. Chris travels all week and picks up extra shifts on weekends. Gabriella juggles three income streams while running the household alone. And yet their fixed costs sit at 109% of their income and the debt keeps growing. What Ramit uncovers goes much deeper than the numbers. For years, Gabriella has been managing everything alone, building budgets Chris never looks at, covering purchases she never agreed to, and quietly losing hope. Chris has been avoiding the conversation entirely. And buried underneath it all is something neither of them mentioned in their application: they've been here before. They filed for bankruptcy. And now, with four kids in tow, they're on the exact same path. In this episode we uncover: Why two incomes and two extra jobs still aren’t enough when your fixed costs are 109% The treadmill purchase that broke Gabriella's trust What Ramit means by "95% of your money relationship is in the shadows" The bankruptcy reveal that changes everything Why Chris…
More episodes of Money For Couples with Ramit Sethi
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- 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"
- 251. "We own a $1M house but can’t pay for groceries"
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