“We’re $520k in debt & he hid it from me” 

0:00 Download the Conscious Spending Plan so you can use your money GUILT-FREE: iwt.com/csp-youtube Please remember: These are real people who had the courage to come on my podcast and ask for help. Would you be willing to come on this podcast and share every detail of your financial life? Feel free to leave comments based on what you think, but remember that we are here to help in a supportive way, not to demean and criticize.

I so want to make a negative comment, but the fact that they are on here and being honest is so hard. Good for them.

I would love to see a 6months - 1year follow up with couples like this! I am pulling for them. 💪🏽

This episode really hit home for me. I was *completely* unaware of our family finances, let my husband manage all of it, used his credit card and just assumed it was all going to be fine because he "made a lot of money." Surprise, we were in CC debt and had a mortgage that was 50% of his take-home pay --- Then. He. Died. I was a 34-year old widow with no idea about money. I didn't even know the name of the bank which held our mortgage, much less what the monthly payment was! It took me months to pull together a picture of what bills I was now solely responsible for, and I had to do some serious lifestyle changes to get out of *our* debt all by myself - while grieving the loss of my partner. I never want anyone else to go through that.

Ramit is a trip: “listen up you credit card point seeking freaks!!!” as I was literally mid-sentence telling my husband about all of our points accrued this year, lol. I nearly spit out my lunch.

He's a salesman period. He sells products, meets/exceeds expectations, and gets rewarded handsomely for it. He has next to zero fiscal sense to allow this to happen. Thankfully they're now BOTH on the same script. Great episode.

It’s not just the dollar amount of debt they have that shocks me, it’s how many DIFFERENT kinds of debt they have. They have like 15 different credit cards and loans

These types of episodes honestly highlight the fantasy that is being peddled by social media and television. We think we’re all so above it and then you see two loving, empathic, highly intelligent individuals and parents believing they should be able to do a $100k home reno, 3 international trips a year, have a mortgage, and get whatever they want whenever they want just because they’re both employed and work hard. These are things that for most people, staying within their means, take years of saving and sacrificing on other stuff. But that isn’t really shown in our cultural landscape. This show has made me think really critically about my own expectations of what my life should look like at my income level, and I really appreciate that lens. Thanks to Ramit and to this couple ❤ Rooting for you guys! Take a couple years off of the BS and pay it down!

Her face when she said "we will be left without nothing to be able to do things, I know my habits will not be near to what they used to be, but there is holidays, no able to take the kids away". To me is like, we'll you ready enjoy enough, time to cut, example: they have $900 dollars on subscriptions, why they need a gym membership if they have gym at home??. I see their faces and I am almost sure, they feel shame to tell family or friends how drastically their life style is going to change. But, is possible to get out from that situation if you really want to, is going to hurt, you need to change habits, life style and bust your butt. My husband and I was $320k total, business, mortgage and credit cars. We did the snowball and it took us 2.5 years to get everything paid off. We changed lots of things, zero restaurants, zero investments, zero retirement, just our 6 month emergency founds, no vacatios, we cook at home for breakfast, lunch and dinner, zero renovations at home, no presents either bdays or Xmas. We got together with family, cook a meal and that's all. No concerts or events unless we had coupons or free events. Look for deals on groceries stores, overtime at work, we worked all our shifts and I got into doordash after work and weekends selling handmade items at farmers markets, I turned myself into a minimalist sold my clothes, shoes, decor, kitchen items that I never used or barely used. Garage sales, I learned how to make my own shampoo, deodorant, toothpaste, I cut my own hair and my husband's. Canceled gym, amazon, and most of streaming. Just on 04/05/24 we got free, zero debt after all our hard work. So, it is possible, just left the shame at side and do what you have to do to get free. Trust me is one of the most amazing feelings a person with financial problems can have.

“Wait… there’s more… “🤣. I’m always impressed at how brave these couples are to come on this very popular show and air their ugly finances. BOTH couples MUST be aware of THEIR finances. NO EXCUSES! I handle all of our finances BUT we have monthly finance meetings. It was very difficult and uncomfortable but we looked for ways to make it work and now even celebrate! Our childhoods have such a deep lasting impression on how we handle our finances as adults. These couples teach us so much. Thank you to this beautiful couple. 💜 Thank you for teaching us all Ramit!🙏🏻💜

Women, please Please PLEASE learn the basics of personal finance. Most men who are self-proclaimed "money guys" are usually terrible with money. The fact that HER paycheck was garnished because of HIS mismanagement is egregious.

I feel like this guy is a whole life insurance sales person. He's living the life that he's selling to his clients.

20% knowledge 80% behavior. It’s the behaviors that need to change to succeed.

I give this couple major props for their honesty and their willingness to own up to their mistakes in front of a huge audience. I think they have 2 major problems... one is that he thinks his job is to make his wife happy by saying yes, while trying to shield her from the financial realities. The second is a very common "keeping up with the Joneses" mindset. You could hear it when she said, "We make x amount of money, so we SHOULD be able to go on multiple trips" (or have a massive international Sweet 16 party for our daughter, or renovate our entire house, etc.). There is no "should". You either have the means to do something, or you don't. "Should" is simply a way of comparing yourself to others, who may be in completely different financial circumstances. Like Ramit says, even the idea of renovating your house is a relatively new one and shows how pernicious the RE advertising/propaganda is. Nothing wrong with a nice new kitchen of course... if you can afford it. But people think it's just a standard thing we're all "supposed" to have now, because we see it on TV all the time.

Anyone who has a $66,000 account in collections should not be helping other people manage their finances or sell financial products to people. How scary! It should be mandatory that all financial advisors show their credit report to their clients so as to avoid this type of situation.

Kudos to every couple that goes on here for being open and honest. It is incredibly brave. Every person watching learns so very much. Wishing everyone the best. Thank you Ramit for what you do

I just dont see Aldo taking anything away from this. He's not committed.

Goes to show that you can't out earn terrible money decisions.

Aldo doesn't "work in finance." It sounds like he peddles some sort of insurance, expensive mutual fund, etc product to unsuspecting people. And the fact that he is in the same kind of situation that he is setting other people up for is some kind of greek tragedy level of irony. Ramit asked if we think they can pull it off? I don't think they can. I feel bad for their kids, they've set them up for failure.

They have $180K in personal debt, not including their mortgage. I added up all the debt numbers that they gave Ramit. They have $110K in credit cards/student loans that they are currently paying on plus the $66K that is in collections and isn't being paid plus the JC Penny bill and hospital debt. The debt payoff calculator isn't correct because it doesn't include all of their debt. No way will they be able to do this in 2 years.

To answer Ramit's final question: No, I do not think they will do this. She already said they'll be taking "less vacations, and eating out less", which means they'll fall back into bad spending habits in a few months.

I’m just floored that he is a financial advisor… 😮

she keeps blaming him but saying she's not blaming him but ignorance is a decision, it's not all on him

I've done this to my wife, but in a smaller scale (nothing letting her know how much debt I was accumulating). It ended up in bankruptcy. DON'T do this to your wife or husband/partner, whatever. I still feel bad. But I've changed my ways and I don't hide money anymore from her. I get her involved as much as I can in our personal finances.

1:11:00 what she doesn't seem to understand is that they've already BEEN living lol Living way over their means, at that. This episode is teaching me to be comfortable living below my means and not comparing my lifestyle to others, because most ppl out here are living a facade.

What if Aldo died or became incapacitated and she found out about the debt after his passing? You can’t have a healthy situation when one person ignores financial matters and the other person is the money person. This just sets up a bad scenario where the spouse ignoring money is going to find out under difficult circumstances

Ramit, this episode is why I tune in every week. Your money psychology monologues are always so fascinating and I'll be thinking about them for years.

One of the things people generally don't understand is that it may not work the first time, they may slip back into more debt, repeat some patterns, but they will become more and more aware UNTIL something clicks and it all starts working. It's exactly the same as losing weight - just because you slipped, fell off the wsgon, doesn't mean you can't get back on, try it again, try something different. I'd happy to see that they are exploring different approaches to finding their breathing room.

I can’t help but roll my eyes when I hear “wealthy” people complain about not being able to take their kids on vacation. In all my life I have only gone on 1 vacation, I know that number is 0 for others. Relax, your kids will live.

I would love a long-term follow-up!! Not just with this couple but many others on the show. For example - 1 year out or more.

Too much social media drives these people to think they "deserve" multiple vacations every season and live like people who make 10x the income

I give huge huge props to this couple for coming on this show and being honest about what most people are doing. I'm pulling for them

I don't think they will be able to do it. They seem to have that mentality to keep up with the Jones. We need to spend thousands to go on a birthday holiday because someone else did. They need to have what their friends have. They need to go on holidays for their kids to have a happy childhood.

Everything depends on your budgeting . 1000$ in AMS79X is 4000 AMS79X and a significant gain we do not even know where the ATH will be. after all stages are finalized I estimate 500% gain is nothing to be crazy about how unrealistic that would be. I mean

I am almost 75 live a comfortable life. My late husband was a disabled Vietnam veteran. I had a good job and retired after 34 years of service. I get a comfortable pension, health insurance and prescription plan. I am not rich by anyone's standards but with no consumer debt except my mortgage which I am working to have it paid in full in about four years. I feel blessed that I am fairly healthy too.

Thank goodness for your Netflix show. Happening upon that has saved their family’s future.

This is my favorite episode, I relate a lot to her husband. I am not nearly in as much debt but I relate to the "protection" and "hero" aspects. Like him, My childhood was really stressful. My mother was financially abused as a stay at home mom. Now I am the primary earner in my family and often guard my spouse from the "stress" of our finances. I also say yes too much because I want to make sure I am not mistreating my spouse like my father did. This episode was really eye opening. I recently talked with my husband about our debts, giving numbers and we will be building our budget together this year every month. This episode found me at a perfect time to help me understand some of my "whys" to my behavior and how I am causing more harm than good.

My heart goes to the entire community for PbatesLTD building up something even my grandpa can understand. This is so smart by them to launch it to shatter the doubts and fears of the common folk which is not even correct to begin with. Everyone knows the state of inflation and recession now and the way out is already in progress. Now it's just about catching the big fish

I hope for them that they can do it, but I don t think so. Taking out of your 401k while planning new trips on credit cards at the same time is crazy. They also need to switch their spending habits about 180 degrees. We definitely need a follow up after a year! 😊

I think in 2 years and 11 months they will not only have not paid off the debt, they will have taken on even more debt.

📌 TA is all well and good but I find it truly baffling that all major stocks you tubers just look at pure TA and completely Ignore the bigger narrative of why stock Is pumping and why the future outlook might not be as rosy as it seems. Alot has changed and that's about it, but the truth is that I don't even care much about the bull or bear market anymore because PbatesLTD covered me while I'm doing comfortable. 2.3 BTC per month

The JC Penny comment 😂😂😂 Ramit!!! 💀

Money courses should be MANDATORY in our public high schools at the very least. Our marketing culture is *genius* at enticing kids to buy, buy, buy ("Scarcity Brain" is a great read that explains this in detail)! Growing up in the 1980's, we could maybe spend our money at Subway, McDonald's (occasionally). It was common for teens to eat dinner at home before going out to a movie. We shopped for clothing only seasonally (fall and summer). Going to the mall meant mostly walking around and hanging out. We didn't always make a purchase.

She said he would give her credit cards that were almost maxed out....who is she lying to? You knew the cards he gave you when you needed to buy something were almost maxed out but you are surprised at debt...not the amount, I'm saying, she knew something was amis.

she's here for the good time, not a bad time

I love the honesty of your show. These are real and raw conversations that are hard to have. One partner can't be living in a fantasy, while the other lives in reality. I've started sitting down with my partner every pay and making her aware of where we are and where we want to be financially. It takes constant effort from both sides.

I love these interviews! are you thinking about doing follow-up segments with your podcast guests? I would love to see how many of them are doing in a year or so.

They need to have a quarter where they do nothing but go to work and stay home. The bonuses are his silver bullet.

Yikes! Well this is quite messy. So much consumer debts no wonder they can’t keep track of it all. Wishing them much peace and great success on their journey out of this situation.

They need to see the small wins in order to continue paying off debt. That help so much when we were doing the same. Also, get the kids involved so they see their parents aren't perfect and WHY this is so important. It will stick with them forever, in a good way.

This is why it’s crucial to teach your daughters finance… so they’re not so devoid of money confidence that they are subject to the idea that running the finance of a household is a ‘mans job’ If she was better taught finance, and felt more confident to push back on his statement, they’d have nipped this on the bud years ago. I do believe they will do it though. I also believe Ramit undersold the potential for them to accelerate payoff with his commission role… if he put in more time, and gets an extra 30k bonus over the year… that’s an extra 16k to the debt and 4K to savings (adjusting for tax). They should also get payrise to speed up payoff, and can do some balance transfers too.

My husband and I were looking at a pro-athlete who made 22k per WEEK. We did the math and that's 95k per month. I jokingly said "I don't know how I could spend anywhere near that much per month". Then we did the calculations on a mortgage for a 10 million dollar house (15 yr, ~6% interest)... and wow. That was 85k per month for a house most pro athletes would upgrade to! It doesn't matter how much money you make. Bad habits are bad habits. Great episode and important reminder than the suburbs can lead you to ruin your life to try to keep up with the neighborhood lifestyle!

I’m sincerely confused as to how one spouse has no clue about the couple’s marital debts. Do partners not share log in passwords to shared accounts? Is one just not reviewing emails or opening bills in the mail? I feel it is unfair of the partner who is “hands off” to blame the partner leading the finances. Not that this is an excuse for the leader’s financially irresponsible choices either. But having one’s head in the sand, blaming someone else for not telling them about the finances in their shared home is a cop out. These episodes are beneficial and speak to the psychology of money. Hope this couple works it out.

Why is part of the title “he hid it from me” That discounts her responsibility

Aldo is lucky he still has a job “in finance” with an account in collections and a tax lien. I would have lost mine at an accountancy firm!

Both men were quoting how much things cost, 7k, 30k and 70k. When people put it on credit or loan, these numbers are just a jumping off point. None of these numbers include the interest. If it is a loan tack on 1k if it is on credit.....it is an indefinite number until it is paid off in full.

Whoever he works for is in trouble....now I know why they're running people's credit before hiring them for certain jobs.

Aldo ain’t half as smart as he and the Mrs thinks he is. This couple with $200,000 in salary has failed their child. And, no, I do not think this couple will stick to their debt repayment plan and be out of debt in 2 yrs and 11 mos. Cassandra was already saying “and we maybe won’t be going on vacation next year”. Please, “maybe”…WTH

It takes a ton of courage to be this vulnerable publicly… I’ve been binge watching your channel. So much ❤ for how you handle each case differently.

This was great to listen to while working out, my heart rate was through the roof when they started listing all those debts

That HGTV quip was so on point!

True. Renovations don’t always yield a return. You get 50% back for cosmetic work. You get return if you ADD a bathroom, HVAC. Maintenance and functionality can add value but cosmetic renovations do not. Those top of the line appliances do nothing for property values. Spend Reno dollars wisely - adding livable square footage, functionality and old fashioned maintenance.

100% way cheaper to rent. Sad but true. Rental prices are the only thing still tethered to income currently. Also, 100% agree that return on renovation cost is a pipe dream. No one can prove the final sale value of your home is closely correlated to the cost of your renovation. It just doesn't get priced in a way that would make that reality...

Hi Ramit, please can you do follow other follow up zoom calls with the couple's in a few yrs time so they can have another positive update to say that they have paid off their debts or they are nearly there at paying it off.

My grandmother born 1889 was a better money manager than these 2 educated couple. Grandma kept her money in her bra and under the mattress. She bought property and build a house. Grandpa worked the farm and gave her the money. They had 6 living children she was married at 18. There were no banks but grandparents couldn't read so if there were they wouldn't be able to navigate that system. They died debt free. Grandma funeral expenses were paid for with the money under the mattress in 1984. She left her grandson the 4 acres and the house. He deserves it. She raised him and he cared for her while we lived abroad. I wish this couple would have kept some money under their mattress.🙂 it would have been a different conversation. I hope they go to financial classes. They could turn this around. I'm rooting for them. Oncology nursing is emotionally draining. As a nurse it pains me to see my peers not been financially savvy.

Wow I’m glad I found my way out of debt without it getting too overwhelming. I found the debt snowball to be very effective. Took on a second job threw it at the debt along with any extras and was out of debt pretty quickly and haven’t looked back since. It was hard but well worth getting rid of it. I hope this couple is able to get out of debt and others learn from this couple.

Just because I work at bank that doesn’t mean I know about stock market and management, I’m into corporate relations so stop asking me about stock market 😅

Parents also need to teach their kids a budget and to check their paychecks to make sure they’re getting paid for all their hours worked (when they start a job). It’s shocking, but I just recently started checking my check stubs 5 years ago, to make sure they’re paying me for all my hours. I could’ve been shorted before and never even knew it.

> Do you think they can do it? It at least sounds that they will give it a good try. The follow-ups give me some hope that they understand the situation and are on board with the plan. If not possible to consolidate right away I would go with the avalanche method and revisit the home equity option in 6 months. If you are still on track by then it proves they're serious and could do that to lower the cost / speed things up.

Freakin' cracking up at your side rants... "What am I even doing on this podcast?!" 🤣🤣🤣 PHENOMENAL! Keep telling it like it is 🙏🏽❤️🔥🔥🔥🔥

0% chance that they are out of debt in 2 years and 11 months. However I feel that the newfound partnership in finances gives them a pretty good chance of being in a much better situation in 2 years and 11 months. Perhaps they will be out of consumer debt in 4 years and a few months.

No, I don't think they will pay their debts off in three years. They have the financial knowledge; she even said her father taught her. Their problem is 80% behavior. And that behavior isn't going to do a 360 degree turn around. Who in their right mind doesn't notice $360.00 being taken out of their paycheck (garnished) and what partner does not tell the other "honey they will be taking $360.00 out of your check for back taxes." Who comes on a podcast about finances and not know how much debt they are in. No, this is going to take more than three years. It's going to take a little more counseling. I would not be surprised if they go for a home equity loan or HELOC and Parent Plus loans.

I was doing wishful thinking for years until I couldn’t afford to get my toilet replaced in my condo, and there was no credit left on my credit cards. I had to ask my father for help. It was embarrassing. I ended up having to sell the condo and move into an apartment for a year and a half. The sale proceeds paid off the credit cards and personal loans, the car was paid off 7 months later and my student loan was paid off 15 months later. I’ve subsequently bought a condo during the pandemic at a low price and low interest rate and I’ve been able to remain consumer debt-free now for over 5 years. Selling my condo was the best thing I could do for myself at the time, and I’m in a much better place as a result.

To these two basic "living life" means they MUST have vacations, nice clothes, a deluxe house, eating out. You can have a wonderful "life experience" with your kids in your living room or back yard ... it doesn't have to be 3 summer vacation trips. People can find great joy in simplicity. But, they "work hard" ... so they "deserve" all the finer things in life. Things won't fill the void of the emptiness of your soul, things/fancy house and clothes won't make your life better, and no one gives a rat's ass how many vacations you take. Their childish "want it now" selfishness really shows that it was more important to spend than to put some money aside for their children's education. Parents don't owe their children an education, but the fact they would buy every bullshit thing for their kids (the excuse) rather than say no and put money in a 529 account ... What's important gets done. Everything else is empty bullshit talk. That goes for all of us. We all bullshit ourselves.

Excellent episode! The most frustrating parts about this conversation, was to see how nonchalant Aldo is about all of the debt and how in the dark Cassandra has been. Women, please learn personal finance basics. Have conversations with your spouses and make sure there is a clear mutual understanding. Financial health is so key to a healthy & happy marriage :)

I liked how open these two were - and no defensiveness about where they are at... I think they can do it- but they need to get over the illusion of money - get over holding themselves out to be more wealthy than they are- so that they can truly become wealthy on the future...

Even if I had the money I would forget to make a payment on all those credit cards they have like 20 credit cards and loans

Hey! Hey! What's wrong with jcp?? I buy joggers, pj's, and other nice things there!! And yes they are still around, thank you very much!! 😂😂45:36

I think they CAN get out of debt on their 2yr-11mo timeline unless they fall back into their old ways. It will be very tough, though! They’re very social as are their kids. They love spontaneous travel, etc. this is like a diet for someone 300lbs overweight where it takes 3yrs of total commitment to get to their healthful weight (in this case healthy financial situation). I wish them luck and smooth sailing. The daughter needs to be applying for every scholarship she can find!

First thank you for being so brave to publicly share your financial situation with us. So far i think it will be very difficult for them to make it in 3 years. They really need to train their frugal savings muscle. They still seem to consider so much things as „completely necessary“ and „bare bones“ that are in fact not. Maybe they can retrain their brains and the whole dopamin system that it gets excited by saving and seeing that dept amount get smaller and smaller. I think its a big start to being open and tackling it together as a couple/family. I think this can unlock a lit if energy by doing it in teamwork.

The debt call-out at 40:58 🥴…I couldn’t sleep well if I had that much debt (excluding a mortgage of course).

I would like this couple to succeed but they have very serious challenges. They will be in opposition to themselves. Aldo will have to ditch the hero cape and start saying No to himself, while Cassandra will have to drop the princess costume and stop saying Yes to herself. Cassandra describes THREE expensive trips as little things... Their habits are very deeply engrained. Cassandra particularly has an entitled mindset; whenever I hear somebody deeply in debt say "We/I work so hard that we/I deserve..." and then undercut a debt repayment plan with "I don't want to be miserable/not have anything", my neck hair bristles. She also defaults to "I"; I work so hard. Then she hears herself and tacks on And so do you. Another red flag is hyperindulgence of children, which -in my opinion - is a justification for hyperindulgence of self. In the follow-up, there was fuzziness. The plan needs to be a lot more concrete. They're at the beginning of their journey, so there's time for them to hammer out a plan and move forward from shoulds and woulds to cans and wills. I hope they get started and don't yield to the lure of the home equity loan that will cost them their house and retirement.

I hope they can do it but a part of me feels like they might not be able to. Mainly due to living this way for almost two decades. Completely changing your lifestyle is extremely tough

This guy wants to still take on debt to cover the debt right after Ramit told them how to pay it off. And she keeps worrying about holidays and vacations. They learned nothing after this whole session.

Today marks 7 days of not eating out and saving that money, changing my habits, thanks Ramit

I grew up with extremely wealthy parents who never spoke of money once, let alone educated me in finances in any way. If you wanted something, you bought it. At 18, I was sent into the world and told to “figure it out” because “money is simple”. I am only now at 35 starting to understand money. I am sad that I have such a late start, and am grieving the mistakes I’ve made. Your show made me feel less awful. I don’t think I will ever have money, because it’s too late to catch up. But at least I am going to tackle my debt.

Thanks for your insightful podcast @ramitsethi, I always learn something new each time! As someone living in Europe I´ve been wondering about the following: You speak about the advantages of renting vs buying - from a German perspective it makes total sense as property prices are often very high, especially in big cities. Compared to other countries, Germany is known as the country of tenants. Now to my question: Recently I saw a documentary about a German family re-locating to the US, they were surprised to find out that rental agreements are commonly valid for one year at a time. To me this sounded rather stressful and unpredictable... Just the thought of never knowing whether the agreement gets extended after one year, whether the rent goes up etc.

If they do it. It would be nice to have them on the show after they have accomplished this. I really hope they can ❤

I thought my brain was going to explode, and its not my debt. I hope they can buckle down and pay off the debts in the short amount of time they would need. 2 years is nothing and they will feel much better once they do.

I love the quick breakaways where Ramit is like 'WTF?' 😂

I sold my house. My father always told me to take profit. I build the house, pick the finishes, live in it for a bit, then sell house for profit! 🎉

she is so powerful to be able to sit and speak about the situation with no resentment or bitterness in her voice, this could have been a marriage ender for a lot of people. it just goes to show how much love and respect they have for one another to sit here and say we have both made enormous mistakes, how do we fix them TOGETHER. this is a teaching moment for those of us watching too in case any of us needed a reminder of how empowering it is to become educated about personal finance and have a grasp on the money we make and where it goes

My husband did something similar, but not as high amounts of money. Our finances were separated, and he racked up almost $10,000 in personal credit card debt that I had no idea about. We finally just paid it off after combining our finances.

This episode should be retitled “Keeping Up with the Jones Syndrome “

As a landlord with 5 rentals paying for the renovations suck. I renovate our properties but never renovate our primary residence because there is no ROI. The only properties that have an ROI on renovations are flips and rentals.

I hope they prove me wrong, but no I don't think they can do it. There's too much peer pressure on the wife especially.

I admire how much he loves her and it's hard for him to say NO. When he says NO, she finds her way to get what she wants despite hurting the family. Getting an additional income should be also a way out and pay off debts with that extra money. I have the feeling all that extra money would go to a vacation.

I lost all respect for him when she said he told her to not pay JCPennies because they were bankrupt and wouldn’t come after them for what they owed. Then taking money out of her 401k for a quick fix. He is sleazy and dumb as a brick.

These people are making over $200k but living like they are making $400k/year. He could literally knock out a credit card in full every quarter with his bonus. They just have stop spending more than their base income on expenses. Could easily pay them off in 2 years if they make those changes.

Great conversation and come to Jesus moment! They seem like really nice people with a spending problem. It would be great to see a follow up video with them say in 6 months. I hope they can follow your recommendations. Sound advice Ramit! 👏🏻