“We’re drowning in debt…but I drive a BMW”

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Ramit Sethi of I Will Teach You To Be Rich talks to Kevin and Michelle, 32 and 30. They joined Ramit live in New York City earlier this year for the show’s very first in-person interview. They have one young child and another on the way, but they can’t stop spending. With low savings, their debt mounts while they both lease luxury vehicles.
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Опубликовано:

29 апр 2024

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Комментарии : 951

@ramitsethi Месяц назад

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.

@MrSteelermaniac Месяц назад

Almost no one plans for the downturn. They always think things will always go up and up. HUGE MISTAKE!! I really hope they have learned from this. I was there. I'm no better. But I am older, which makes things harder.

@alchaudhari Месяц назад

You are amazing Ramit. I follow you and keep watching your video's to make sure I don't drift. Thank you.

@danielromerosol4158 Месяц назад

Im not sure about this format. My two cents. The couples are really really exposed. I think the screen gives a little bit of protection/ cover while discussing such intimate details of their life. Lets see how it goes

@mo1482 Месяц назад

Ramit...we need you to help us understand the mortgage thing! House worth 251k but mortgage debt is $414k? What are we missing?

@pauchopkins12 Месяц назад

The guy makes $48k a year and has a $69k BMW loan. That is absolute insanity.

@wendyp3613 Месяц назад

this is so common!!! unfortunately

@journeytothevoid2899 Месяц назад

How old are they again?

@amandawithlov3908 Месяц назад

@@journeytothevoid2899 30 and 32

@destinystup6675 Месяц назад

How???😮

@Playingwithproxies Месяц назад

48k per year before taxes and he owes 69k worth 48k. Lucky for him she’s a sugar mom to him

@user-xo1lg3nj8m Месяц назад

$500 in savings and a reservation to a fancy restaurant its mind blowing!

@MissGirl1450 Месяц назад

Where they could easily spend $500!

@Joce123 Месяц назад

Note to self: Do not be tempted to overspend. It could be easy to have fanciful thinking...That is especially true if you believe that inflation is transitory or that the economy is doing well

@jaddek.astrie3071 Месяц назад

people worried about appearances.

@maximayette4231 Месяц назад

This is why i don't care when I hear the media saying people are living paycheck to paycheck. This couple makes ~220k/yr. Let's say 140k/yr after deductions. Even if they spend 10k/month (120k/yr) for all expenses, they still will be able to save 20k/yr. Most people are just irresponsible when it comes to finance.

@SanaatanSatyaHai 11 дней назад

No sometimes these spendings will help to kick you on the butt and show how the other side lives. I feel it’s important. You’ll always think pond is the largest water body until you see an ocean

@chefkocher1 Месяц назад

That must have been the most detailed follow-up you've ever received. Proof that they are moving in the right direction. I am rooting for them!

@TheVistastube Месяц назад

Holy shit it felt like Ramit wrote that follow up himself!

@lorischuette1163 Месяц назад

Nah Michelle did it!

@mygoodlife204 Месяц назад

@@TheVistastube i agree😂

@cutebubbles2007 Месяц назад

yes i loved they were specific on the steps to follow I think they will make it. Rooting for them too

@minnie9649 Месяц назад

I am so horrified that their takeaway / solution to their financial problems is to cut their mum / family off from their phone plan, when the mum provides free childcare. Doing a small gesture of appreciation for mum’s massive, life changing contribution is not the problem. Childcare is $2-3k per child per month right now. I’m so disappointed with this follow-up.

@jdelacruz1058 Месяц назад

They went from financially immature to rolling out the strongest financial plan I've seen. You can see them gain hope towards the end.

@WhyDoWeStay_ Месяц назад

I usually wouldn't comment until the end but I'm at the 25 minute mark and just want to say THANK YOU for calling out the shaming tactics used by other 'financial youtubers'. There's a certain youtuber whose content I would watch in the early days but I had to unsubscribe a while ago due to the vile thumbnails and blatant Jerry Springer-style content. Thank you Ramit for not resorting to such extreme tactics for views. While certain other channels may have a faster growth rate- they will crash just as hard in my opinion. I really appreciate your ethical and psychology-based approach- you are clearly in it for the long haul and not the quick money. And that's why you're a well respected expert in this space and why YOU have a Netflix show ;) Anyway, just wanted to say that as well as thank you to Ramit & the IWT team for making professional, high quality content each week that genuinely helps not only the guests but the people watching!

@ramitsethi Месяц назад

Thank you. I believe we can talk about money honestly and have fun while being respectful

@WhyDoWeStay_ Месяц назад

@@ramitsethi Completely agree! As a budding content creator, I can often feel the urge to resort to such tactics but then I remember that as an educator, it's important to not stoop to that. Following one's moral compass will never lead us to the wrong place! Thanks for your reply :)

@susiex6669 Месяц назад

I completely agree. I know what RU-vidr youre talking about and I cant deal with his videos anymore either. Its too much.

@DanielA-lp7sw Месяц назад

Caleb focuses on another demographic. Nothing wrong with that. Everyone has a different style. I enjoy both.

@foggycraw6758 Месяц назад

Sometimes its necessary. People act like kids with their finances

@jasminelozano9575 Месяц назад

These couples don’t upset me. I have so much compassion for people who have been sucked into today’s culture of overconsumption. We are bombarded with other people telling us what we need or lack all day long through ads, social media, friends.. It’s so important to first recognize this. Companies pay people millions to get your money. We need to have a defense. My defense is frugal living and contentment. These 2 things have given me MY rich life. I’m a stay at home mom homeschooling 2 kids. My family takes a few vacations each year and we’re planning to take the kids to London and Iceland next year (debt free!). We live comfortably because we’ve decided that our rich life doesn’t have to be void of Starbucks or trips, but we’ve cut mercilessly on the things that don’t matter to us. Thanks Ramit and IWT for helping people see there is hope and they can have a rich life!

@latoyaforbes5726 Месяц назад

This is so true!!! Society also plays a part.

@tyerrascott6596 Месяц назад

Beautifully said

@leannwilson2640 Месяц назад

She took him to those restaurants as a way of showing him how the "other half lives" and hoped that it would inspire him to aspire to a better life.

@Playingwithproxies Месяц назад

It might have been well worth it if it inspired him to find a job that is at at least double his current salary

@huelu3359 Месяц назад

yes, totally agreed!

@Ashleyefrati Месяц назад

Showing someone what they could have without showing them how to get it, negates the lesson.

@TamiaPeach Месяц назад

@@Ashleyefrati good point, but you can’t teach what you don’t know. But he’s trying to gain the education now, so he’s moving on the right direction.

@VBoo459 Месяц назад

@@Ashleyefrati But she is teaching him no? but he's constantly showing that he's an adult toddler so she has to take lead.

@bookwormbon482 Месяц назад

This was handled fantastically. Respectful, encouraging and not condescending. Genuinely amazing job.

@ramitsethi Месяц назад

Thank you and big thanks to this couple for being so honest and open

@fakewintertime Месяц назад

I think we can all agree how they’re extremely brave and amazing to do an in person interview. Love the format

@Britt4880 Месяц назад

I really appreciated Ramit pausing to say that he doesn't think it would be beneficial for him to get mad at the husband for not stepping up. It must take a LOT to restrain that instinct. No one person should have to take on financial burdens alone in a marriage. I'm not even married yet but me and my fiance discuss our financials for anything shared (trips, meals, future wedding, etc). It's only fair.

@Beginnerreadsthebible 3 дня назад

Some unsolicited advice: have a teensy tiny inexpensive wedding. It's only a few hours of your life, but it could cost you years to repay.

@Britt4880 3 дня назад

@@Beginnerreadsthebible that’s our plan!

@JenJenANDChrissy Месяц назад

I'm loving this new format with the guests coming to the studio! Kevin and Michelle represent what I've seen in Latin cultures. Girls are raised, boys are spoiled. The wife will become the motherly figure to the husband and she will take care of the kids, the finances, the cooking, the cleaning, the shopping, the planning of the family's future. The husband is just plain irresponsible since he was never taught to be. I live in SoCal and have seen this trend in the 22 years of having Latin friends and coworkers. Ramit, I would love if you would lead a national campaign to make a financial planning/budgeting class mandatory in high school. I will join you 100%. In college when I took out student loans, we were made to take a class on debt repayment.

@nt4659 Месяц назад

Same in the Asian community - especially Southeast Asian!! My brothers are so ill-prepared to fend for themselves. The girls are successful and independent. The boys are still living at home. So saf

@wendyp3613 Месяц назад

Yes, to the mother/son/spouse dynamic in Latino culture!!! Also, the part about helping everyone out in the family (cell phone plan) and not charging b/c we're fam.

@TheThinkingBar Месяц назад

I would join that campaign too!

@Joce123 Месяц назад

Junior highschool is not too early to discuss finances..Kids need to understand the expenses that they are incurring with after school activities, shopping, etc.

@ginakocher1262 Месяц назад

Former HS educator-personal finance is required. But, other classes, such as Econ, count for that credit as well. Since that is usually offered as a dual credit, students will take it. They get a global view of finances, not a personal one. I taught personal finance in 8th grade up through high school (public school). My 5th grade daughter just had some lessons on what taxes are and a little on budgeting.

@user-go1lw7we3v Месяц назад

I’m surprised to be saying this, but I like the other interview style much better because the two people are in a different room so the more free to say the truth, and when they look up and talk they’re looking directly into the camera which makes it more focused and I just like it better the old way

@mo1482 Месяц назад

SAME. I am surprised I like the old way better, but I do.

@carolhollow6607 Месяц назад

I agree, but at least for this episode the look at 57:36 made the multi-camera format entirely worth it. 😂

@lorenaruiz3777 Месяц назад

I agree.

@lathaniabutler1404 Месяц назад

I prefer the virtual format. This is more aesthetically pleasing but feel less intimate and authentic. This feels like I’m watching a light therapy session; the other format feels like I’m listening to you help couple friends get their stuff together.

@leannwilson2640 Месяц назад

I agree. It was boring to me... and I question the authenticity of the responses sitting right there on the couch together. How Ramit was not coming off that chair is amazing. It struck me that he has in essence married his Mom, and she has a problem with saying NO to herself and to him.

@shola7987 Месяц назад

I agree everyone is more guarded in person

@lowlowseesee Месяц назад

they both feel like they are helping a couple to me. just with slightly different dynamics. if anything ive listened to all three formats and they all feel like light therapy lol. the childhood trauma is connected to the money psychology with each format

@Daveyjonesvi Месяц назад

I’m not sure how I feel about the in person interviews. I think having the couples be in separate spaces allow conversations to be more intimate in a way. Like the individuals talking aren’t beholden to the person next to them even though they may be a room apart. Also with the format, video calls allow the couples to look at each other expressions as they talk about their struggles. In this video they mainly face Ramit and not each other. Not sure if this can be an easy set fix with camera set up.

@mligon Месяц назад

I totally agree. I think the old format was great. The current set up is like a talk show, or radio interview and I think to make the current live set up better, it should be a a round table where the couple sits across from each other and can see each other's expressions like you said.

@spoonbr1223 Месяц назад

Agree - the old format created intimacy. I also think it's easier to forget you're being filmed on a Zoom call, which breaks down the barriers even more. But if you stick with the new format, I agree that a round table (like sitting around the kitchen table) might help with this

@guidedbybreath2702 Месяц назад

Agree- it absolutely changes the dynamic…

@TamiaPeach Месяц назад

Yes! Also on Zoom they’re in their own home, which feels safer and makes them open up more.

@runemagged21 Месяц назад

I get that, but I also think the conversation was more collaborative with Ramit. He seemed (even more) attuned with his guests and they seemed less inclined to shirk his direct questions. There was more of a flow, with insights shared that may have felt out of turn across a video stream. There is also way more buy in to literally show up for this exercise. I fully agree the camera angles and furniture should be rearranged for a more triangle or T shape so the couples are just as engaged with each other as they are with Ramit (Cut's "Truth or Drink" and "The And &" here on RU-vid do a great job with this. Their sets are also less formal, a boom rather than a mic in their face, so guests may feel a bit more comfy like at home).

@meagon1020 Месяц назад

The reason I appreciate Ramit and continue coming back to his podcast is the way he approaches each situation and couple. He does not rage bait or shame the couples, I’m sure they already feel bad enough if they’re in debt why make them feel worse? Thank you for the value you bring to the finance space Ramit 🤝🏼

@NotesWithNate Месяц назад

I hope this brave couple knows their story is impacting thousands of people. Took a lot of courage to go on their live! Wishing the both of them the best! 🎉

@charletfoster8917 Месяц назад

💯

@foggycraw6758 Месяц назад

The zoom format was less distracting and easier to follow. It also allowed the couples to be more honest since they would be in different rooms. Still love this show and looking forward to the next episode

@panchalvsjeeps Месяц назад

She literally said "One day I don't know what happened, we walked into a dealership" I honestly thought she was going to say we were in a car wreck...wow!

@miyawam Месяц назад

Shading Caleb Hammer …. “an offensive thumbnail”. lol True.

@lowlowseesee Месяц назад

A co worker is trying to get me into it and I do not like that shit lol

@protalleus Месяц назад

Caleb is a child. Ramit is out here showing what it means to have integrity

@aarondavis6174 Месяц назад

I liked Caleb at first but you don’t actually learn anything watching someone get yelled at for 45 straight minutes over how many tacos they buy.

@miyawam Месяц назад

@@lowlowseesee”Haven’t you heard of a sandwich?” - every episode 😂

@josiprajic_ Месяц назад

My gf got me into Caleb. Later started watching Ramit and got her into Ramit. We watch both now because looking into other people’s finances is our guilty pleasure.

@lyndagabriel6539 Месяц назад

I love that he says he doesn't yell at people. But he doesn't have to. It's much more effective to just quietly say, "... of course you renovated the house".... [you couldn't afford]

@excitedaboutlearning1639 Месяц назад

Yeah, Ramit is a mastermind at using his tone of voice to communicate important messages without getting the other person to put up their defenses. The "uhhh" comment was brilliant, too.

@wurdnurd1 Месяц назад

Those were shots fired at Caleb Hammer 😂

@charliegolding9439 Месяц назад

@@wurdnurd1absolutely

@theChef1337 Месяц назад

Yoo!! In person dayyyum. I was getting worried the drop on this video was hella late. Anyone else 7am gang here 😅???

@davidknoch2256 Месяц назад

I kept refreshing and nothing, my Tuesday commute wasn’t the same today

@arianehoward4903 Месяц назад

I was marking my books at lunchtime and worried about the lack of video 😂

@karenh.192 Месяц назад

Same! It was available on podcast earlier and now I’m rewatching because I prefer video content

@daniellefuller-wimbush4250 Месяц назад

Yes!! I was so worried. Lol.

@maximillie_61 Месяц назад

Right?? Been agitated all day waiting for this drop

@hdsensing Месяц назад

My finances got SO MUCH better when I stopped trying to impress people I don't know or people I don't like. I drive a 13 year old car and dings...but it is paid off.

@latulip100 Месяц назад

Mine has dings and screws holding the bumper in place. I had a run in with an large ornamental rock… but hey paid cash!! Having no car debt is freedom.

@chrisk4053 Месяц назад

My Honda crv is 12 years old 171 thousand miles. She’s the bomb!!! Saving now for when I need to replace this car. Never again will I have a car payment. Been paid off for the past 7 years!!

@a.e.e.6335 Месяц назад

I kept refreshing RU-vid this morning too! Whew I’m so relieved

@bwanikajohn7002 Месяц назад

😂😂😂

@Tenderlove36 Месяц назад

😂😂. Me too

@Katja-Kitty Месяц назад

I actually didn’t hear alarm in Ramit's voice. His version of 'alarm' is a super calm voice. 😂

@LarisaC. Месяц назад

“Do you…hear…the alarm …in my voice?”

@EWall1498 Месяц назад

@@LarisaC.”Sorry, what was that? I started dozing off. Your voice is so soothing.”

@emclaire18 Месяц назад

This guy is unbelievable… never steps up or asks to be a part of the finances, fails the tasks he’s given, and then has the audacity to say she feels like his mother. Because you’re acting like a child.

@jananiram3041 Месяц назад

Strong case of weaponised incompetence

@SuzanneU Месяц назад

I was gobsmacked when he said he feels like she doesn't trust him - almost! Why should Michelle trust him when he fails over and over even in things as important as Please pay the mortgage while I'm away!

@ehunt185 Месяц назад

Perfectly said.

@4656superman Месяц назад

Sounds like the normal womens role...😅 When it's a man it's somehow horrible...😅😅😅

@bradman4399 Месяц назад

Lol the shade at Caleb Hammer at 26 minutes is deserved. It's a shame how much value is left on the table when folks create financial content solely around entertainment, rather than development. Love it, Ramit. Thanks for all you do!

@marlenakauer5262 Месяц назад

I appreciated and caught this too! I wish he’d just called him out more explicitly. Maybe he will soon. I used to watch Caleb but honestly, it left me with a sour taste and I found it was making my own anxiety around money worse so I stopped. I tried to watch an episode recently and couldn’t get through it. Glad I stopped and unsubscribed. I guess I’m glad some people are changing their personal finances based on his content but at what cost to the guests and even the people associating spending with shame?

@bradman4399 Месяц назад

@@marlenakauer5262 agreed, I was a follower when he had around 40k, but he realized that he gets more viewers if he produces straight schadenfreude rather than create helpful and thoughtful content... bummer because he uploads 3x the amount Ramit does, wish Ramit was able to have the same cadence, but that would probably make his content lose it's luster so who knows!

@fabbz94 Месяц назад

I recommend watching Ramsey videos. They are informative.@@marlenakauer5262

@123paramorefan Месяц назад

@@bradman4399there’s a reason he (Caleb) can upload so often. More quality == less frequent. I mean succession was once a week for about two months, while love island uploads 5 episodes a weeks for MONTHS. It’s a difference in production front and backstage and quality.

@teragram8006 Месяц назад

Caleb Hammer wants to be the Jerry Springer of finance and its so toxic and gross. when you think about it, the jerry springer show was a pretty messed up thing to watch. to be entertained by other peoples' dysfunction.. that's like going to skid row and laughing at all the homeless

@sarahl8004 Месяц назад

25:47 Caleb Hammer and Dave Ramsey callout 😂 I truly enjoy your conversations with couples a lot more because you're understanding and considerate while providing real, actionable solutions after listening to each guest thoroughly. You provide insights that bring the lessons to the viewer who might not be in this exact situation but can learn from it.

@excitedaboutlearning1639 Месяц назад

Not only that but he also models good communication skills and negotiating with a partner. I didn't really get either one from my family. So, I've been learning a ton since the first podcast episode. Ramit is excellent at using his tone of voice to communicate a message without triggering the other person.

@cynthiaivers1708 Месяц назад

Sometimes tough love may be the best route.

@EmpressoftheLibrary Месяц назад

It's telling that Michelle says she drives a Mercedes because that was the brand her dad always drove. In her mind, driving a luxury car is normal because it's what she saw her father do. The luxury car may have made financial sense in her dad's situation. Michelle hasn't done the math to figure out whether this is something that financially makes sense in HER life, right now. Often, the standard of living with which you grew up is what's "normal" in your mind. If your parents had at least moderate financial success, then you're likely to experience a significant drop in your standard of living when you first move out on your own. Most people are not going to be able to replicate in their first few adult years the same standard of living their parents achieved over two decades or more. When people aren't' prepared for this reality, it can come as a real shock. Then, easy access to credit allows them to acquire many of the trappings of wealth without having any actual wealth to back it up and they end up in a lot of financial trouble.

@mwedzi Месяц назад

I agree that it is normal to her because of her father, but the amazing thing is, she said she did do the math for at least one of the cars and they "couldn't afford it", but that they still chose to get it. Maybe she couldn't bear to feel like she wasn't doing as well as her parents? Ah well, my mother's always had far nicer cars than me, lol

@Synostra 25 дней назад

That makes no sense. It’s called thinking for yourself.

@theChef1337 Месяц назад

LOL The side look at the camera when the guy is talking about accountability. Im dead 💀

@TheVistastube Месяц назад

The funniest moment in recent podcasts😂

@manubansal1979 Месяц назад

Ramit just killed it with his look 😂😂😂😂

@lemoegrapey4578 Месяц назад

@@bookwormbon482 57:18 I think

@ladyteeembee1746 Месяц назад

I am right there with you ☠️🤣😂. That was some priceless shade 😂😂

@johjo26 Месяц назад

57:35 @@bookwormbon482

@Buffmafia84 Месяц назад

Applaud this couple for putting themselves out there, can’t be easy and takes removing ego. Well done, Ramit!

@sct4040 Месяц назад

If nothing else, your housing payment should be automated. Even electric, gas, credit card payments can be automated.

@msmong123 Месяц назад

Not when your Check varies monthly. You clearly are not bonus or commissioned. Just saying when you have a lot of money that month you need to pay the house for 2 months because you don’t know what next month is going to be

@JackieSchlumbohm Месяц назад

I agree. If you can’t set everything up to be automatic then you don’t have a system that’s working. It doesn’t matter if you have variable income because you would always have money available in savings.

@alexisballard1459 Месяц назад

5/3rd bank actually doesn’t let you use autopay for a mortgage 😅

@SuzanneU Месяц назад

@@msmong123 Michelle definitely has a steady income, a very good income.

@Vananynana Месяц назад

@@msmong123When you make a budget that works with your average, it ideally evens out. When you have more money that month, the remainder stays in your account for next month.

@kingsgold Месяц назад

$173k in Car and CC Debt, insane. absolutely insane. and they live like that isnt a problem and still act like they earn $50k a month. like all that debt doesnt exist. This couple makes good money, but lord do they make some reckless money related decisions.

@user-pp5do8rm3w Месяц назад

I would delete myself before I got into that much debt.

@irmaramirez1374 Месяц назад

She makes good money. They both make bad decisions.

@4656superman Месяц назад

@@user-pp5do8rm3wfoolish post...😢

@michaelb.8953 Месяц назад

I also watch the Caleb Hammer channel and the difference between these two channels in night and day as I can actually appreciate how Ramit handles people on a much more professional level, but then again he is dealing with more professional people. I really like Ramit how he delves into the psychology of money where Caleb is nothing more than yelling, screaming and bleeped out swearing to force people to do the right thing. I can actually watch Ramit's channel all the way through.

@user-to6qo6sp4x Месяц назад

I prefer this format. The lighting is more even for each person. There is no video/audio streaming issues. The spouses are more present to each other's emotional state because they are not in separate rooms. -The walls could be painted a darker shade of matte paint to minimize the overblown highlights -Couch for the guests is too big, pushes Ramit to the right side, getting cut off the shot. -Is this a studio? Pull the camera back and go with a longer lens, that way you'll avoid the stretching at the borders. Ramit, thank you that you care enough for your audience that you keep improving the quality of your content.

@ramitsethi Месяц назад

Great feedback! Thank you. Watch for improvements!

@SRD1281 Месяц назад

This guy can't even deposit cash to make a mortgage payment? Yikes.

@FIREownyourtime Месяц назад

Most people autodraw from checking. They don't even have the buffer to do that.

@violetapuente-duran1653 Месяц назад

This podcast is truly valuable. I've learned SO much from listening to them. Thank you to all the brave couples who volunteer to share their financial AND relationship challenges with the world.

@inlinesix6694 Месяц назад

90k for a wedding, craaaazy

@Playingwithproxies Месяц назад

Most people don’t even spend 90k on 4 years of tuition 😅

@Mama2CDHsurvivor Месяц назад

I thought at first, surely they said “9,000.” But no. Jaw on the floor.

@lindaanderson1016 Месяц назад

Sorry, the law of Christ.

@christinadenkinger5966 Месяц назад

Agree!! Crazy amount of money!

@shola7987 Месяц назад

I had to rewind I was baffled

@melissaaa801 Месяц назад

This video really glossed over how they got into so much CC debt and why their mortgage is SO much more than the value of their home. Would have loved to see that, without dealing with the CC spending it seems like this couple is still at risk of spending beyond their means.

@jenbar308 Месяц назад

Yep, I was surprised there was no part 2! Seems like there was a lot more to unpack

@jerrystauffer2351 Месяц назад

Vacations seem to be the answer

@stevenspencer306 Месяц назад

I was also shocked that the home was a $250k asset with $414k mortgage, especially after putting $80k in renovations. In current market conditions this just doesn't make sense. My guess is that they have $250k in equity in a property worth $660k and were confused about filling out the worksheet. Ramit should have called this out. That would give them a positive net worth, but they're still drowning in high interest debt. Also, did they say the majority of the CC debt was for the renovations

@dakine4238 Месяц назад

I like both formats. I just appreciate the approach of this show and how real and honest people are.

@yayimahuman Месяц назад

I love the in-person format. It’s easier to see everyone’s facial expressions, and the audio quality is a nice bonus. Would love to see more in this format!

@lowlowseesee Месяц назад

In person?!!! I've binging the audios all mnth and I just finished two and now this?!?! I love this man

@SDCPA Месяц назад

The house (worth $251k, but they owe $414k) didn't seem to be a part of the conversation. I know there were many other areas to cover, but I am curious how that happened. The detail in their response was encouraging. Would love to see a follow-up video with them to see their progress. Best of luck to the both of them.

@o0usf0o Месяц назад

We rewatched it a few times trying to figure that part out too! Did they roll the remodel into the mortgage? Need answers lol

@anointedbeau Месяц назад

Maybe it's the $80k for renovations and more, I didn't see the amount mentioned in the debts

@ladyteeembee1746 Месяц назад

I’m thinking it has something to do with the renovation and I wonder if there’s possibly a HELOC buried in there 🤔. But that’s puzzling to be $160k in the hole on the house already

@o0usf0o Месяц назад

@@ladyteeembee1746 it’s gotta be something like that… unless the city built a water treatment plant that wraps around the house and a highway that goes over it.

@heathercondon3739 Месяц назад

I came to the comments to see if someone had figured this out because it confused me as well

@brittp6702 Месяц назад

Ramit is throwing so much shade to Caleb Hammer 😂 I can appreciate both platforms but I really enjoy Ramit’s logical compassion. It’s much easier to listen to and I learn so much more!

@cynthiaivers1708 Месяц назад

I like Hammer's style.

@kaleyhobbs Месяц назад

I personally prefer the separate interview so each person can speak more honestly in a private setting away from their partner.

@baulitious1710 Месяц назад

They seem like good people. He seems like a good dad too. I am rooting for them. I hope they make the necessary changes for their future.

@meagansy Месяц назад

I love this IN PERSON INTERVIEW!!!! Ok!!!!!

@user-po9ne6tx1c Месяц назад

Off topic but you look stunning sis.

@CambieSweets Месяц назад

I thought we weren’t going to get an upload this week and then boom 💥 An in person interview totally worth the wait.

@irmaramirez1374 Месяц назад

Always worth the wait for sure. Still prefer previous format :)

@MidnightPuppeteer Месяц назад

@25:00 this is why I love your content, Ramit! Yelling is rarely the answer that will lead to lasting change.

@Playingwithproxies Месяц назад

10:20 was another jab at Caleb hammer

@laundrygoddess4 Месяц назад

I know two couples yelling is the only thing that worked. Different things work for different people

@helenevans3963 Месяц назад

I really like the new format - but I miss seeing the participants faces really close up. There was something very intimate about that and it felt like you could really see what they were thinking. I don’t know if you can zoom in a bit more when people are talking - but for me that would amplify the viewer experience. Great episode. Always love your content.

@christopherholloway8192 Месяц назад

Enjoyed the episode and appreciate the change in format for the sake of trying new things in an effort to always make improvements which this podcast does well. Love the podcast. I prefer the typical episode format though. The audio is better I believe and, with the in-person interview, the guest and host don’t look into the camera because their subject is to the side as opposed in front of them. Miss the music too. Small things overall, podcast was still great, just a few reactions, keep up the fantastic work!

@Battlekitten-sl2vn Месяц назад

Michelle agreed to spend on vacations, have an expensive wedding and have a second child. She seems like a lovely woman but she has played a big role in their marital financial mess. I think her higher income gives her more implied authority

@yugosato4013 Месяц назад

Usually i drive to work listening to Tuesdays pod. Missed this AM but here are!

@footballbeast2641 Месяц назад

Thank you, Ramit! This is great. I like this format of interviewing the guests in person. It provides another dynamic. I also like your style of showing grace as oppose to yelling and insulting people over their mistakes. I used to follow another finance expert on here, but could no longer stomach how he treated the callers by calling dumb, stupid, morons. My wife and I appreciate you!

@megandtigg Месяц назад

I'm betting I know who you're talking about, and I switched over to Ramit too! (And got banned from the other person's subreddit for saying I was unsubscribing lol)

@footballbeast2641 Месяц назад

@megandtigg Haha! I think we're talking about the same person LOL!

@SallyHur93 Месяц назад

I've been following Caleb since October 2022 and have seen such a change in the content. It's a shame he doesn't take the same tough love and constructive feedback from his fans that he always gives his guests!

@megandtigg Месяц назад

@@SallyHur93 It's so sad, honestly. I commented my disappointment on Reddit and said I was unsubscribing because of the shift he has taken, and I got a 30-day ban. When I sent a message asking a question about the ban from the mods, they muted me...

@SallyHur93 Месяц назад

@@megandtigg I was on the subreddit recently and saw that was one of the rules! That you're not allowed to announce your departure 😞 I totally get that he has anxiety and these things are hard, I wouldn't want to be such a public figure, but the best creators are the ones who listen to the constructive feedback from their fans, as the fans want them to do well! It's like running a business and deleting reviews from people saying "used to love this place, now because of these changes I won't use this business anymore". Like these things need to be heard, they matter!

@emilytamayomaher Месяц назад

Yeah, understanding the subtle dynamics is what I find so helpful about this show. It's almost like on this show I start to see people as archetypes and then I can recognize the patterns in myself or people close to me that I care about.

@chumabanjwa4662 Месяц назад

As a non-American living in low wage, high tax Britain, I will never get my head around how people who have such high incomes are broke. Makes zero sense to me how people manage to mismanage SO much money and end up in debt! 😢

@Playingwithproxies Месяц назад

Living like an American 😅

@petitealldevourer Месяц назад

Less taxes means fewer social resources and a much flimsier safety net. Public transit is poor in most of the country, making individual car ownership necessary. Less regulation of industry so it’s easier to get taken advantage of by unscrupulous businesses. And some things that are harder to pin down, like the influence of social media.

@maryboyle6562 Месяц назад

@@petitealldevourerway to remove all personal responsibility from the equation lol. Americans are poor because culturally we routinely make bad financial decisions. College majors are chosen without any consideration for ROI, car debt is INSANE (my car is worth 5K, I bought it used 10 years ago for 13K, I will probably have it for another 5-7 and I’ll get another used car, my husband and I make $200K+/year), people choose to carry crazy amounts of consumer debt for travel, clothes, designer items, etc when their net worth is negative. The number of friends I have who have credit card/student loan debt but drive nicer cars, have newer phones, and travel more than me is crazy.

@LarisaC. Месяц назад

@@maryboyle6562good for you for buying an affordable car. I don’t understand how you can get a car loan - the car depreciates the minute you stick the key in the ignition - yet most Americans have a car loan. Why would you do that to yourself?

@Luckoftheirish1 Месяц назад

$90,000 wedding, $69,000 BMW, $80,000 in home renovations, $77,000 in credit card debt, and taking expensive vacations roughly 10 times a year.! Doing all of this while make an average middle-class income. This is ridiculous. Between car payments, insurance and fuel they pay $2400 a month for their two vehicles? At least they are finally coming to their senses and realizing that they need help managing their finances.

@MargaretMaenad Месяц назад

Love to see a follow-up that includes specific numbers, so excited for them moving forward

@IgWannA2 Месяц назад

Going on 10 vacations a year when you only have $500 in savings is the definition of insanity

@kellysuefitzharris7786 Месяц назад

Their outfits alone broadcast their dynamic of parent-child. She is dressed as a boss lady and next to her, he looks like a high schooler. No shade, just observations. Appreciate their bravery coming on the show. Enjoy the live format!

@faqu529 Месяц назад

In person interview 🙌🏾

@keshac7690 Месяц назад

I like the in person videos and I love the no judgement advice and respect given to every guest it’s just what this world needs. Thank you for being adult enough to understand how to handle people and their situations .

@nikkig1146 Месяц назад

Love the special in person interview!!

@swarnasen1 Месяц назад

That was one of the best follow-up s that I heard. Best wishes to the cute couple. I am glad Ramit could facilitate them towards their goal.

@denellrandall3441 Месяц назад

$75k in credit card debt- wowza. It's truly not how much you earn but how much you keep! I appreciate the guest coming on the show. And that underhanded comment referring to Caleb Hammer lol. I learn so much more from Ramit's approach.

@nfelock Месяц назад

This was a really good episode. Love the couple's honesty and their detailed letter. Wishing them the best...oh so good.

@Evega214 Месяц назад

Great work Ramit. The flow and way you work with them is an art you're getting better and better at. So great to see and your contribution you bring to the world!

@Nadzglam Месяц назад

Wow! An in person interview!!! We are spoiled today!

@jmarks2k1 Месяц назад

If I was reading between the lines correctly... shots fired at CalebHammer at 25:16 .

@Britt4880 Месяц назад

He's fired them before, but usually buried in comment replies! He finds CH's videos disgusting.

@Playingwithproxies Месяц назад

@@Britt4880 he’s right they are pure entertainment not good for actual financial growth 😂 maybe he can get people from drowning in debit to keeping their head above water

@RyChOr2005 Месяц назад

@@Playingwithproxies At the very least Caleb's show raises personal finance awareness which is always a good thing in my opinion. That being said, his show has been getting harder and harder to watch over the last few weeks

@Britt4880 Месяц назад

@@Playingwithproxies yeah I think he's kicked some people in the theoretical butt to get their financial house in order. But the channel has veered into just yelling at people who have no desire or comprehension to change.

@user-vu6lm7xm8r Месяц назад

Caleb's channel is great and he deals more with single people in their early 20s. And I completely disagree with Ramit with the yelling - Many people respond to it. I can hear Caleb's scream of "taquitos" before I make a stupid purchase at a gas station. He gets into the weeds of people's finances and Ramit doesn't. Ramit's approach is much more empathetic and tries to get more to the overall issues of a couple. This is also an effective approach but again, not for everyone. I wish he would get more into the details. He doesn't get real financial statements either, he only goes with their CSP, and let's be honest, most people that are filling out a CSP are not completing it accurately. Overall it is great to see so many channels that raise awareness in general of bad spending, not saving for retirement, predatory student loans and credit card companies, etc. Not to mention both channels encourage the most basic financial goals: robust emergency fund, investments, etc. They both HATE cars and don't think people should be in new vehicles, or vehicles at all if you can help it. They also each encourage therapy and positive choices in our lifestyles.

@playa4040 Месяц назад

My wife and I much prefer your style of advice Ramit and we love the in person podcasts. Keep it up!

@julianakennedycpa9570 Месяц назад

Amazing interview. And yes they are not alone. I do come across folks like them all the time and do manage to get them out . Thank you for your show , I know together we can help society live a better life. 👏👏👏

@Dlwood55 Месяц назад

I love in-person interview. Nice formatting.

@christinenurminen6471 Месяц назад

Love love this new in-person interview. ❤

@marianalolato Месяц назад

I love the new format! It is great seeing how you engage with them personally. in the virtual format, it seems that people are more comfortable (maybe because they are in their homes), but that seems not to impact the discussion after all. I've always thought that the written follow-ups are better than the video ones - I believe people put more thought into written form than in video. Also enjoyed that you are commenting more about the conversation. Thanks for doing this work! 😁

@hawker4472 Месяц назад

I absolutely loved this format - hope we get to see more like this! I was amazed at how hopeful I was at the end - they really seemed to get the dynamic they’ve created and their plan seems like a good one so far. Keep it up! 👍

@LORDJesusisLove Месяц назад

I have enjoyed the episode. The new format will take some getting used to and I am here for it. Having tough conversations in person has its benefits, as does virtually. I think having both formats of virtually and in person will work nicely as we can learn from both

@TamiaPeach Месяц назад

I think maybe putting body mics on the couple vs the standing mics would make it feel more intimate. For some reason, the zoom version feels more intimate and raw.

@terid6708 25 дней назад

Recently found your content. The more I see the more I love it. Thank you for sharing your insights with us. And thank you to the people you interview, for sharing their stories. Just love this. Thank you for posting.

@ramitsethi 25 дней назад

Thank you for watching!

@reader2224 Месяц назад

I enjoyed the in person interview. It was interesting to see the couple's body language and how they engaged with each other and you through out the interview. It was a great interview and I enjoyed learning more about this couple and their finances. I find it interesting that as a child Kevin was responsible for managing his mother's finances and that as an adult he was passive about managing his finances. Quite often we hear stories about children who had to assume adult/parental responsibilities becoming adults who tend to avoid said responsibilities. Wishing this couple the best and was glad to see that they already started implemented actionable steps to tackle their debt.

@jasminearceo6059 Месяц назад

I love the in person set up way moreeee!!

@Kibenwa Месяц назад

Ramit at 57:36 Bombastic Side Eye 👀 😂😂 I really love Ramit's empathetic, humorous approach to dealing with his guests, and how he makes them see and understand their own cognitive dissonance and money psychology. Best personal finance show out here, no contest.

@chichih9631 Месяц назад

What a good and specific plan they put together at the end! Good for them. I really wish them the best!

@lisahinkofer2085 Месяц назад

Yeah in person interview. Love it

@rachelpark3555 Месяц назад

Loved this format and loved this episode. Thank you!

@bcarroll1992 Месяц назад

Ramit, more in-person interviews 🎥 They’re both brave for opening up about their finances.

@ramitsethi Месяц назад

I agree, every couple that comes on to discuss their money and relationship is extremely courageous. Thank you for watching!

@kjmamma2146 Месяц назад

I like the in person format. I’m hoping you’ll do a follow-up episode with this relatable couple.

@DeziDoesIt Месяц назад

suchhh a good episode. my jaw dropped when I heard the numbers. I really appreciated their follow up and hope they see it through

@alieshaz9520 Месяц назад

Love the shade at Caleb hahah his content is so unhelpful, I look forward to your uploads. The variety of guests, the respect shown for them, the understanding of where those habits come from. Genuinely helpful content and I love the live setting in this episode!

@ritjigowon Месяц назад

57:34 it the bombastic side eye and zoom in for me 😂 Ramit is like 'who's teaching who'??? Im not sure of this format of the couples sitting together, i don't think they'll open up as much. However, the studio looks nice 😊

@c.i.j.5457 Месяц назад

In person is a lot more engaging for us as viewers but also feel like it makes it easier for the couples to read and react to each others body language. Great choice, can’t wait for more episodes !

@mkhartnett Месяц назад

Great video. Impressive for them to come in and open up like that. Their follow up was the most hopeful I’ve heard in a while. Best of luck to them.

@BerkinsonAlexis Месяц назад

😂just visited for the new episode here it is❤And it's live in person ❤

@kyunginla2616 Месяц назад

Sometimes I think it’s better to reveal their net worth in the beginning. I honestly thought the woman was good at managing money until I saw the their net worth table. Talking for 40 mins about going on the cruise and not making the mortgage payment & the guy saying how their rs is good, it’s like talking for 40 mins about stuff that’s not even their biggest issue.

@davidknoch2256 Месяц назад

I kept refreshing and nothing this morning, my Tuesday commute wasn’t the same… But awesome new format!

@Annie-zs2bt Месяц назад

Love this in person interview ❤

@peace-a Месяц назад

They pretty much proved what Dave Ramsey and his team have always said, that most people who drive luxury cars are in debt. Those who drive a used older non luxury car have pretty high net worth with zero debt. Gotta say I got happy tears at end of this video. So happy for them!! 👏🏼 ✌🏼

@charliezettel9758 Месяц назад

Love the in person format!

@foggycraw6758 Месяц назад

No the old format was better...

@jenniferhao8902 Месяц назад

I love the new setting, the energy feels so different, like there’s skin in the game when actually sitting across from Ramit. I really loved this couple, thank you both for your honesty and willing to change, you guys are going to be alright! So happy you were able to come together at the end and one of the best follow-ups I’ve heard. 👏🏻

@ramitsethi Месяц назад

YES!!

@milomoon3856 Месяц назад

Love the in person interview style!! Great episode

@sevgistanbul Месяц назад

I'm at 45:39 and can't help but comment for the first time as a long time loyal listener of this show. EVERYBODY loves driving luxury cars and/or taking frequent vacations, but our CHOICES based on our means matter more than our aspirations. Why do people in America keep acting like kids/teenagers even when they grow up? What is this entitlement feeling that everyone has?