“We have $4,600 in credit card debt but we spend $600/month on GrubHub”

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Ramit Sethi of I Will Teach You To Be Rich talks to Jennifer and Andrew who are in their 30s with 2 kids. They have been married for 11 years, but they speak different languages when it comes to money, deeply stuck in scripts from contrasting family backgrounds. Can they learn to come together in joy for the sake of their family?
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Can’t-miss moments
00:00:00 - 1: Opening
00:13:36 - 2: What's that look on Andrew's face?
00:14:19 - 3: Andrew reveals his confusing upbringing with money
00:21:10 - 4: "We had to go on food stamps when we had our baby"
00:23:15 - 5: Jennifer explains her "counting slices of bread" upbringing
00:31:47- 6: They reveal Jennifer's battle with leukemia
00:36:12 - 7: Ramit breaks down their numbers
00:38:42 - 8: $110 towards credit card debt but $600 towards GrubHub?
00:46:06 - 9: Jennifer finally gets clear about what she wants
00:49:33 - 10: Ramit just found them an extra $1000 per month
00:55:41 - 11: How do they feel about their net worth?
00:58:55 - 12: They're surprised to hear they make $91,000 a year
01:06:50 - 13: What money lessons are their kids picking up from them?
01:10:37 - 14: Ramit records a message for their 12 year old daughter
01:14:48 - 15: Where are they now? Jennifer and Andrew's follow-ups
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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: forms.gle/pjYMaLeThJM3z9uN6
Produced by Crate Media.

Опубликовано:

15 июл 2024

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Комментарии : 230

@ramitsethi Год назад

0:00 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. Download the Conscious Spending Plan so you can use your money GUILT-FREE: iwt.com/csp-youtube

@lawandahilaire5057 Год назад

Is the CSP updated? You seem to have more columns then what I have downloaded? 🤔

@teresaamanfu7408 Год назад

What a big difference you’ve just made in their lives. The whole family can learn from this.❤

@hanwagu9967 Год назад

you know what happens when you change terminology from a budget to spending plan, regardless of putting "conscious" in front of it? You in fact focus on spending. You know who else changed from using the term budget to a spending plan? The US government. What could go wrong with focusing on spending rather than budgeting? I'm not sure that reducing grubhub by half to $300/mo is guilt free when they are paying 28%+ on credit card debt, while holding a $20k networth. By the Way, Ramit, if you actually, truly believe that you and the wealthy should pay more in taxes, then why don't you put your money where your convictions are (and what you teach in terms of taking control of spending) and go to EFTPS and pay all the taxes you ever dreamed of paying rather than waiting around complaining like other wealthy people that you need the government to force you to pay more in taxes. The government makes it very easy for everyone of you who complain the government doesn't tax you enough, to pay as much taxes as your heart's and conviction's content voluntarily and guilt free. For every tax deduction and tax efficiency move you take and make with investments, I'm quite sure that paying more taxes that you really believe you should be forced to pay somehow doesn't come into the picture. After all, I don't believe the tax code forces anyone to claim deductions or make tax efficient moves.

@elizabethtorres1374 7 месяцев назад

I’m

@katiebrandenburg1346 2 месяца назад

😊

@dawr-sx7jl Год назад

"Netflix is okay because I have a show on Netflix!" LOL Ramit!!

@raheelakhtar7 2 месяца назад

Conflict of interest

@jainthorne4136 Год назад

I gave both my daughters an allowance. I told them "you are a part of the family so you are entitled to share in the family's money. It won't be taken away from you as punishment nor will you have specific chores you must do to earn it. You are part of the family so you do what you can do to make the home better for us all. You share the money. You share the responsibility. " They both grew up understanding how our family stands together.

@StorytellingHeadshots 8 месяцев назад

That’s beautiful.

@azizurrahman1091 5 месяцев назад

Well said ❤

@rayofsunshan 3 месяца назад

I don’t have any children yet but I really like this dialogue and want to incorporate that into my future parenting style. Thanks for sharing ☺️

@jainthorne4136 3 месяца назад

@@rayofsunshan Thank you. I feel like that's a wonderful compliment.

@alc6370 3 месяца назад

@@rayofsunshanSame! I love it.

@setodd2098 Год назад

I'm in love with this couple! They come from vastly different lifestyles and have different view points when it comes to money. HOWEVER, they are NOT dismissive, invalidating, or cruel to each other. Even with their differences, I love how they clearly put their love and respect for each other first. I believe that with some financial literacy , this couple will make huge leaps toward their goals.

@alexandriabrown5510 Год назад

This episode hit in different ways for me. Lovely couple that I wish all the luck. My mom passed 7 months ago, I grew up poor like Jennifer, and I am a single mother. I watched the Netflix show, used my tax return to pay off my credit card debt, closed one CC down and started contributing to my RRSP and savings in tiny chunks.

@staceyswanson3918 Год назад

Good for you! What an accomplishment and hard to do as a single person. Keep going. Keep going!

@KC-qr3wk Год назад

🎉🎉🎉

@arstorte 11 месяцев назад

Wow! You taking this quick action is so inspiring! Way to go!

@MrTofu13 9 месяцев назад

I’m proud you! Keep it up.

@aic0809 9 дней назад

Watching this over a year since this came out, and I just wanted to offer my condolences for your loss and to congratulate you on your financial success. I hope that you and your family are doing as well as possible. 🙏🏾

@kimberlycallahan765 Год назад

Jennifer’s attitude and mindset are so refreshing and lovely. She is so calm and thoughtful during her conversation. And how she addressed the allowance with her kids, amazing idea!! Her kids are lucky to have a mom like her. Fabulous episode.

@Jazmin-mb7ju 9 месяцев назад

Wow! This couple was so heart filled. I couldn’t help but just feel so much love for them. They are a true testament of what a loving couple should be. You two WILL move mountains together❤️ Thank you so much for this show Ramit!

@xiaoandbao 7 месяцев назад

Ramit is a money therapist for couples. Very insightful, relatable, and inspiring

@KC-qr3wk Год назад

Can I just say - i LOVE how gentle this couple is with each other. Love, love, love it! ❤❤❤

@susan5661 Год назад

Such a pleasure to watch this couple. They are going to do better financially and in their marriage.

@LL-pq5uo Год назад

I love that you addressed their 12-yr-old directly on this episode -- that was so thoughtful.

@junebug052003 Год назад

This interview is one of my favorites. It's really gut-wrenching hearing Andrew talk about his mom passing, I couldn't help but cry. Life is like that. God bless.

@venivediveciprather4741 8 месяцев назад

She is so considerate with the way she speaks to him. I admire that. Sometimes i forget to be considerate when i feel like im speaking facts. They seem to really love each other. Wishing u guys the best.

@JohannaLuisa_ Год назад

What an emotionally intelligent couple 🫶🏻

@arstorte 11 месяцев назад

My heart is so full watching this episode. It was so inspiring to see Andrew and Jennifer's commitment to grow together and consciously change the trajectory of their lives and their daughters. Wow.

@joannat1898 Год назад

What a delightful couple! You can tell they really respect each other. Wishing them the best!

@dacokc Год назад

I swear more people go into debt from eating out than medical emergencies these days..

@trackhero2714 Год назад

Congrats + Hopefully they will be in contact for a season 2. Your show is by FAR the best money/personal finance content on Netflix and I think you have tapped into something pretty cool so hopefully it continues to perform and you get that s2!

@tacosmargs58 Год назад

Take the $600 next month and buy some gagdets to make cooking easier - a slow cooker, sous vide stick, steamer, whatever.. and break that habit. It's bad for your finances and your health.

@teresaamanfu7408 Год назад

Air fryer!!!

@tacosmargs58 Год назад

@@danielromerosol4158 I loooove the sous vide.

@tacosmargs58 Год назад

@@teresaamanfu7408 Yes! Also a great buy

@hanwagu9967 Год назад

I have a kitchen filled with more efficient gadgets. the problem with gadgets that make cooking easier is they actually don't. Nothing easier than a wok/pan and a spatula.

@TradeWise1000 Год назад

I thought it was interesting they thought they could cut going out to eat AND groceries. I have noticed in my experience it is one or the other. If I cut going out I am making nicer meals at home more often thus more money for groceries and the occasional gadget

@audrey_023 8 месяцев назад

The positivity from Jennifer is amazing. I’d hire her to be my therapist

@amylafferty3092 Год назад

Thank you, Ramit! By the time I was watching each episode on Netflix for the second time, I made HUGE payments on my CC debt. Today (5/9) asked the Credit Union for a lower interest rate. We have an appt. at 1 p.m. tomorrow. He said my rating was in the 700s (?) It had been excellent for years and then I made the mistake of paying too too much for tech lessons. Still plan on traveling to Japan in Nov. (and Las Vegas next month.)

@Ruth-xt5js Год назад

This was an awesome episode. What an amazing couple that really loves and supports each other. They are so reflective and thoughtful. I wish them nothing but the best!

@alexisballard1459 Год назад

Wow this episode was incredible! Counting the slices of bread.. I thought I had it bad calculating my grocery shopping throughout the store to ensure I stay under budget 😢

@candy2325 Год назад

I calculate my groceries too! That’s a good habit because you wanna be aware of how much your spending.

@suzanneemerson9787 Год назад

@@candy2325 you’re I’ve become unable to grocery shop in person for health reasons. Since I’ve been ordering groceries online and having them delivered, I’ve actually been saving money, even with the delivery fees! That’s because I have to make a list of what I need, and can’t do any impulse buying in the store. It’s actually worked out well for me. I used to calculate as I shopped, but when we had more income I stopped doing that. And that’s when the grocery bills started to creep up.

@tamararoberson8060 2 месяца назад

I monitor the prices of everything and only buy store brand or bulk. I was always amazed at the "rich" friends who had name brand cereal and soda at their house and ice makers in their fridges. My grocery budget is $300/mo. I net over $6000/mo, so that's only 5% of my budget. Why do I feel like it's the easiest place to cut costs? I guess it's because that's where we make the most purchasing decisions. But instead of cutting $50/mo at the grocery store, I could just cut $50 in subscriptions I don't really use (which I did -- NYT was the biggest at $25/mo). I think it's important to eat well to not feel impoverished and stressed. In addition to poverty trauma, there's just a primal feeling of "there is not enough food". There's no primal instinct for not having enough streaming services.

@tamararoberson8060 2 месяца назад

@@suzanneemerson9787 I did Walmart pickup during Covid. It would just list the things you usually buy and you just click everything you're out of. There's no temptation for new things that might just rot unused anyway.

@blablabladuda Год назад

Thank you Ramit for mediating the healthy strategies that so many of us need to live our rich life. For so long, I was avoidant and didn’t want to talk about money with my fiancé, but then I watched your show and read your book and it has really showed me how much I can change and live for tomorrow with a little effort. ❤

@staceyswanson3918 Год назад

Love it! Keep going! Now teach your kids and future generations how to handle money wisely. The reason so many of us are making these mistakes and not talking about money is because no one taught us! Or they taught us with their actions and we're repeating it (and most parents didn't know how to teach them either)!

@sue1703 Год назад

Thank u Jennifer and Andrew for sharing your story! You two are such a wonderful couple! All my very best wishes to u both moving forward! Take care of yourselves! 💜

@2passportsandpostcards Год назад

This was a good episode! They had great communication and I loved the analogies, especially the GARDEN ❤ it’s crazy to me though how much money can be saved or invest vs spent on food delivery.

@aslamiyamohamed2526 Год назад

Such an amazing episode especially the ending. Love how we started out talking about grubhub but really connected that with having a long term vision and the joy in planning. Definitely using that gardening example for my own life! ❤ good luck to both of them- and Jennifer’s advice as well when talking about raising how her own daughter to have patience/ joy in planning is something I will be writing down to apply to myself.

@markmastalski9104 Год назад

Such a really great episode. This couple, and the individuals, have been through so much. I think they get it now and with better communication I really believe they can thrive. Also, I want to commend Ramit directly on his comment about taxes. I'm dealing with that here in my hometown as property assessments just came out and there's a lot of complaining. Meanwhile, when I drive around Colorado I see roads literally falling apart and dangerous.

@youtubelw7092 Год назад

This couple is really so sweet and I wish for the best in their future endeavors❤

@MrTofu13 9 месяцев назад

Andrew and Jennifer you’re on your way to a rich life. Wishing you the best!

@goldenparachute392 Год назад

He was right by saying upper middle class. Specially, living in the Bay Area. It may actually just be middle class. $120,000 in the year 2000 is not wealth.

@MusicBoxAlsoWater Год назад

Yeah and also remember thus was pre tech era, so they were doing pretty well.

@helena3631 7 месяцев назад

Early nineties to mid they were upper middle but they were not wealthy

@tamararoberson8060 2 месяца назад

I think there's always a range. When I was a kid, sometimes during the summer when there was no school, I'd go with my mom to houses she was cleaning. There were big two story houses with pools and tennis courts and rooms that were purely for special events. To me, that was "rich". Having name brand cereal, soda, and one of those fridges that dispenses cold water and ice was "rich". But in comparison to the actual elite, it isn't. Taxes have changed since 2000 but $120k in 2000 is about $215K today. There's definitely plenty of people who do make $215k. For household income, there are currently 20% of households in the Bay Area that make $215k or more. It is within the top 10% of the country. So it's not 1% of the Bay. When we say "wealthy", I guess it depends. Some people think of people with over $5M in their 30s or even billionaires. Some people just think of those with McDonald's money.

@pearlivory3483 Год назад

I can tell they really love each other. Wish ya’ll the best!

@iris_fink Год назад

such a lovely couple ❤ thanks for sharing your stories, lots of insights for me 🙏

@alanyoung159 6 месяцев назад

Love some of the family discussions and how to teach kids these values

@tApiOcaTiGGa 6 месяцев назад

What a wonderful couple. To be able to treat each other with such respect and understanding even though it is an incredibly difficult topic to discuss. They have so much love for one another. I have no doubt they will get to where they would like financially. Loved this episode.

@MsEriKaT Год назад

I love that Ramit cusses!! 🤣 keeps it real!!

@jessastephenson3260 Год назад

Omg, they are the sweetest couple, I wish them success and happiness going forward 🙏❤

@Ouiyoginamaste 2 месяца назад

Adorable couple! They communicate super well!

@amruthag7322 3 месяца назад

Wow these folks are so positive souls ❤

@infinitygears6388 Год назад

The show is great. Definitely recommend

@sue1703 Год назад

Ramit u did a great job helping Jennifer and Andrew communicate with each other! I enjoyed this episode! Thank u! :)

@margarita4601 Год назад

If you cut back on eating out by 50% and you cut back your groceries by $200, where is the money coming from to buy the food that you aren’t getting when you stop getting delivered food? Not sure if I missed something, but seems money for more groceries is needed and those two expense items just can’t go to pay debt because meals/were coming from those food expenses and can’t just be reallocated without considering the fact they have to still eat and not sure how far they can stretch that remaining (even further reduced) grocery budget. Did I miss something? Love the show!!

@MilaTejana 11 месяцев назад

I'm single and live alone, so it's different, but early in the pandemic, I decided to eat through my pantry and freezer with no eating out. I only bought produce for like 3 months and just got creative lol. I also lost like 10 lbs without noticing! That's not a sustainable lifestyle for me, but it was a good exercise lol.

@chaaaaaaaaaaaad Месяц назад

Very good point , grocery expenses would go up but still they would be able to solve. If not 1000$ but def 600$

@SydPeppa Год назад

I LOVE THIS COUPLE. God bless them :)

@davidmorrison7323 Год назад

Agreed!! They have to be one of the most loving couples I’ve seen on this podcast. Wishing them the best.

@Mr_NB628 8 месяцев назад

I bet I’m not the only one thinking this: It’s better to be a warrior in a garden, then a gardener in a war.

@annettemoore8940 Год назад

I love this couple so much!

@ZekeValk 5 месяцев назад

Great video, great couple, but I just want to add that saving $600 on GrubHub doesn't automatically equate to $600 in your pocket. You have to replace that meal with something. My guess would be you'd still spend $150 to $200 to replace those meal.

@tamararoberson8060 2 месяца назад

I couldn't imagine 8 meals costing $200, that's nearly my entire monthly grocery budget for a single person. So even with two people and kids, that's a lot.

@StorytellingHeadshots 8 месяцев назад

Okay just go online and run a debt calculation and see how much you pay in interest when you carry a balance longer vs pay off, and that will provide ‘fear’ on the other side to stop pouring money out the door with cc interest. That’s what we did and it HORRIFIED me to see even the difference between what we would be giving away by paying off the cards over three years instead of two years. It scared some sense into me and we are putting as much extra each month as we can just to get out of the interest trap.

@thebigredfish 10 месяцев назад

Beautiful interview.

@Adman-p4j Год назад

I consider myself to be financially literate and responsible, and I still learned A LOT from the show. I'm making changes to maximise my savings AND live my rich life.

@100Stratusfiedx Год назад

Lmao I don’t have debt, but I’m too ashamed to discuss how much I’ve spent as a single person on delivery apps.

@kimberlyfink1032 Год назад

Nah. You did it for a time, a reason and a season. Past is to be let go of. We make the best decisions available at the time but also as we grow, we get to keep making decisions new or continuing.

@TheAkumaChan Год назад

I spend wayyy more than this couple as a single person. Ya, terrible

@nicolea4411 Год назад

Every time I get an email from Uber Eats that says "we've missed you," I feel prouder and prouder of myself. I think it's been two years since I've used a delivery app. I've maybe only used them a handful of times. I don't know about you, but whenever I see the fees on top of already expensive food, I feel scammed.

@hanwagu9967 Год назад

well, our economy needs consumers like you to keep on spending.🤣

@candy2325 Год назад

I was sucked in to delivery apps over a year ago and haven’t used it since. I feel proud making my own meals at home. Whatever I liked at the restaurants I bought from.. I would buy similar stuff at the grocery store and make my own version. I give myself more wiggle room in my grocery budget to guy some extra snacks, lunches , etc so I don’t have to buy anything from a delivery app or impulse buy.

@muhammadilham248 Год назад

I really loved the show and your book

@pchygrl17 Год назад

Beautiful couple, powerful discussion ❤

@rdefazio 5 месяцев назад

I'm very impressed by the couple in this episode. Very healthy, and productive. Kudos! 👏🏻

@artventurespro Год назад

Been binging on the show

@mattmcfly2165 8 месяцев назад

I would love to see people look at cooking as a joy and not a chore. ❤

@Tw-mo3ne 2 месяца назад

What an absolutely lovely couple I wish them so much luck they deserve it all.

@bettinaorevil5056 Год назад

I loved your show.

@zakkrick 7 месяцев назад

I enjoy watching your show and it helps me to plan and save for my future

@YIWOTY День назад

Late 30s, $20k net worth and spending $600/month on grub hub. Mind blown. Good for them to appear on the show and hopefully get help. I can’t imagine facing an illness like that with young children.

@moonykmi Год назад

I love this episode ❤

@catgodfrey6451 2 месяца назад

This was a fabulous episode 😊❤😊

@MsFlowingRiver 11 месяцев назад

I cried when you spoke to their daughter

@StorytellingHeadshots 8 месяцев назад

Yes! ❤️ These two!

@mindyshuman5900 Год назад

Do you know how I can track down an old 401k from over 20 years ago? The company is no longer in business. I am also wondering about a savings account that was opened when I was a little kid. This bank is not around anymore either. Ramit, my life has completely changed since I read your book 2 months ago. I have already paid off 70% of my debt, sticking to my conscious spending plan and gearing up for my rich life! This also cured my anxiety and depression, thank you Ramit, you are so much more than a brilliant money guy. More like a money therapist. Love the book, videos, and new Netflix show. I look forward to a new video every Tuesday morning.

@CherylWickham 4 месяца назад

Do an "unclaimed property" search in your state. It might turn up there.

@onlybygodgrace1175 10 месяцев назад

Jennifer seems to be a sweet soul ❤ more power to them with their plans and wish her good health and long life andrew is cares about her to

@Martinalex89 6 месяцев назад

Great couple. They are super cute and I love how positive Jennifer is. I also agree that even though they don’t have a lot saved or for retirement their future is bright especially if they with together.

@aclairac3993 Год назад

Thank you for all you do to help people feeling free about money! Are you willing to help single parents as well? Thank you

@hannes4963 Год назад

Ramit, are you sure you had your shure microphone on during your solo sequences? Because compared to the interview the sound is lacking behind.

@lbslott Год назад

Earlier she said she avoids conversational discomfort. I think that’s why she doesn’t want to be direct/concise.

@swithheld9905 Год назад

these folks are so lovely!

@TradeWise1000 Год назад

I use to do a lot of grub hub and found that helped me break it was not necessary not ordering to go but not getting delivery. I over ordered because I wanted to get the bang for the buck for the delivery fee. Saying I was only going to do it is picked up made me cook more at home because I was already putting in the effort and you can make cheap eat meals for less energy AND when I do pick up I only order what I am going to eat for that meal. I don’t think you can cut your going out bill and grocery. In my experience it is one or the other but try to find a good middle ground with groceries bring the overall cost down.

@chanherrera3066 8 месяцев назад

He might want to see someone about PTSD…I spent most of my life with my head down forging ahead until I began to deal with the past & visualize a better future

@barbaratozzano6364 Год назад

Yes! I agree with all of this.

@LoretoLala Год назад

this womaaaaaannnnnn! amazing...

@lisahinkofer2085 Год назад

Why aren’t there older couples on here. People in their fifties and older.

@jrod6236 Год назад

I just watched one with the couple in there 60s

@jmoya28 Год назад

Where can I obtain the spreadsheet on this episode?

@CharlotteRentals 9 месяцев назад

This was a lovely couple!

@aureliausera3895 Год назад

Where can we submit our questions? Did I miss the timeframe 😭😭

@rdlp81 Год назад

hello I like your program and I would love to read your book where I could get it in Spanish

@jeromehenry4484 Год назад

Excellent episode, more people can relate to this couple because of their past obstacles/circumstances and modest income. Really like both people, but I understand husband better in this particular case. We're not going back to 1950's, at some point it takes 2 earners just to stay afloat, much less to get ahead. Husband is correct, those credit cards need to be wiped out first especially because interest rates are so high (20 years ago 28% would have been legally considered usury). Then pay off vehicle loan. Definitely needs to strip out those convenience items currently in their spending pattern.

@tamararoberson8060 2 месяца назад

It is terrible that credit cards charge 28% but only during very bad times in my life have I ever had to actually pay that. It's expensive. $1000 costs $280/yr, or $23/mo. Some people have $50k on credit cards, which would be over $1000/mo in interest alone and very difficult to dig yourself out of (you'd have to try to get a loan, work out payment plans with banks, or declare bankruptcy). Most of the money credit card companies make is by charging processing fees to stores (that's mostly where the "Cash Back Rewards" come from -- the store is charged 3% and you get 1.5% of that). They are fine if people pay off their balances every month. It's more trying to force people to actually pay them off, since they are unsecured debt. Most people in the 1950s didn't live like TV either. "Father Knows Best" was almost as unrealistic as "Friends". People in many countries watch American movies and it seems like everyone in America is rich. It's the same when we look to the past using 1950s sitcoms instead of real life. I don't know whether it takes two incomes or not. There are still a lot of people raising families on a single income. It depends on many, many factors.

@emilythefox 3 месяца назад

Hey he said a thing about covering his mother's debt. After the assets are sold even if there is still debt he is not responsible. Unless they are trying to save a family home the debtors are out of luck

@madisontran3020 7 месяцев назад

Jennifer is beautiful and and her voice is so pretty

@peachy7719 Год назад

I'm so jealous at how you can communicate so well. I swear I say all the same things that you say to my wife but like you said in the beginning of this episode, sometimes it just takes some other motherfucker to tell her the exact same thing I've been saying for ten years. Now if I can only get her to watch you for more than 5 min. My fight is eternal. Where's all the real folk that wanna talk about the hundreds to thousands they spend on wine, cigs, and drugs?

@lowlowseesee 4 месяца назад

from a battlefield to a garden. metaphors are very important lol

@Hernandez694 Год назад

Ramit is doing the Lords work out here.

@swanseawales1979 Год назад

I thought my rich life wouldn’t consist of RU-vid adverts when I bought RU-vid Premium, only kidding. Love the show

@excitedaboutlearning1639 Год назад

Buying RU-vid Premium was a great decision for me. I was so tired of ads, and RU-vid was the main platform where I was bombarded with ads. The negative consequence is that it's now much easier for me to keep watching a video after another, because an ad won't annoy me to no end.

@raphaelfa9737 Год назад

Same same! No adds is rich life for me. Still love the show

@booksandcats7137 Год назад

the best thing i recommed for subscription to online is to have one subscription per month, chnage it next. For example, Have netflix in jauary and hulu in feb, amazon in march. watch shows at one site per month.

@zakkrick Год назад

I’m watching these videos because I just pay off two credit cards of 6000 combined. I had one of those credit card for over 22 years and saving was hard on my part. Now that I got these debts behind me, I lock away these credit cards and store them away because you can’t close them because it’ll affect you credit scores. My main point is that don’t let anyone borrow your money and when they don’t pay back especially when you still have a car payments. Then you have to rely heavily on credit cards, 22 years later these people haven’t payed me back and they’re your brother, sister and cousins smh, they wonder why I don’t show up to parties or superbowl parties

@excitedaboutlearning1639 Год назад

Congratulations! It's amazing that you've paid off that much debt! They say never loan anyone money, and as you say, especially when money's tight for you. Now that you're gonna get a lot of money coming every month, because you don't have to pay off debt anymore, make a simple rule: out of that "extra" money, 50% goes to investment, 10-20% to savings automatically - set up an automatic monthly transfer. And the rest to guilt-free spending or fixed costs. Of course, you decide what you do with your money, but if you do what I suggested, you'll both celebrate the extra money by having it for guilt-free spending as well as put it to good use by investing and saving parts of it. Don't let the extra money just come to your life and get spent thoughtlessly.

@hanwagu9967 Год назад

Actually, there's some misconception about closing credit cards impact on credit score. The operative word is it "may" affect your credit score. It can lower your score if you have credit utilization and taking available credit increases your utilization rate, which decreases your score; however, if you aren't carrying any balances and keep utilization low even after closing the account, you may not see your credit score decrease at all. Even if you see score lowered, it will not be significant enough to impact things like best insurance rates or lending rates, unless you are like border line of credit risk groups. As you lower utilization your score will increase again quickly. There's a misconception closing reduces your credit age, especially if you are closing a card you have had forever. If the card you closed was in good standing the card still remains on your credit report for 10 years and does not change your average credit age. If it was a negative history card it stays on 7 years. Presumably you will continue to have accrue credit history over the 10years before the card you closed falls off, so the impact on your credit score is minimal to none by then. Even so, by then it's not going to impact your credit risk category for rates on new credit/loans, insurance, etc, unless you botched up your credit rating some other way. If you incorrectly believe in the myth that closing a card in good standing impacts your credit score significantly, so you don't want to close and have no intention of using them again, then just shred them rather than store them. Now credit card compnanies may require you use the card periodically like once a year to maintain the account alive. If you don't, you are in the same position as if you closed the account.

@zakkrick Год назад

@@hanwagu9967 thanks for the informations, I have a good credit rating score of 821. Like you said I might have to use it once or twice a year just so my credit card account won’t be closed on me. These credit card are like 20 years old and I don’t want rebuild my credits all over again by closing them

@zakkrick Год назад

@@excitedaboutlearning1639 while going through all this headache, I still invested 5-7% into my work 401k which is worth 200k as it sits right now, maybe I should go up 12%. I almost closed my 401k account back then while I was still struggling with my car payments and money issues but I just let my 401k ride on and I forgot all about it for 15 years, investment serves you better if you don’t touch it and just let it grow. Now I know that buying a new car don’t mean a whole lot because you’re throwing you money away on a brand new car that can depreciate and lose value, now I just keep the same car and never to look at any brand new car lot. I might look into opening a ROTH IRA and continue investing for my future instead of seeing my money going to useless stuffs. Thanks for the informations and investment ideas

@tamararoberson8060 2 месяца назад

Length of credit matters. You have the right idea. I combined my student loans back in 2009 to get a lower interest rate and that was a mistake because it reset my time to forgiveness and my oldest accounts on my credit report (it counts as the old loans paid off and a new loan created).

@nubesrotas0000 Год назад

I would love to participate. As an inmigrant family triying to learn the american system it is s hard and it looks that is never in of 😢 Gracias 🙏 for this info

@tamararoberson8060 2 месяца назад

I don't think most native-born Americans understand it either. Companies make things complicated so they can skim off the top. The people on this podcast with the most complicated systems are Avoid debt, find the cheapest rent you can as long as you feel safe there, live below your means. Put money in your employer's retirement plan (the max currently is $24,000/year but even $5,000/year is better than nothing). Keep a month or so of expenses in your bank, put the rest in a high-yield savings account (HYSA), such as Wealthfront, which offers 5% currently. After you have 6-12 months worth of expenses in there in case you lose your job, start investing it with the Wealthfront or Betterment systems or directly with Vanguard. You typically want VTI, which is a fund made up of stocks in over 3000 companies. Anyone trying to make things more complicated is usually trying to get rich quick and usually getting scammed or taking on too much risk -- invest through your employer for retirement, live cheaply, save in case you lose your job, and invest the remainder. I think the profit-first method works best. Treat your family like a business. You have revenue in the form of paychecks. You determine a fixed amount of profit you can comfortably take each month, such as $1000 or $2000, and then the rest goes back in to the business -- i.e., pays for all your wants and needs. If you only save what's left over, there usually isn't much of anything left over. The simpler a money plan, generally the better -- retirement, emergency savings, investment, and then spending.

@awb19892 Год назад

I skipped part of it, so maybe someone said this, but mentioning that groceries may go up if GrubHub goes down would have been useful.

@janebaker4912 Год назад

It's the mental load... He just waits for her to think about dinner. I got hello fresh for this reason

@jaydubya9265 Год назад

I love her everything.

@CandycaneBeyond Год назад

Hey, us poor people window shop too, we just never get to go on the trip!😅

@chrisk4053 Год назад

I really think a dedicated budget would solve a lot of this

@aas55 13 дней назад

Sometimes the couples on this show annoy me. Not this time! These two have been through the wringer and still love and value each other. Wish them nothing but the best

@pe9147 Год назад

I cannot find this couple on the show like he mentioned. Its not on episode 5 on Netflix. I've watched the entire series, am I missing something?

@chellybaby Год назад

They’re not on the show!

@CandycaneBeyond Год назад

O M G.....put it All on that credit card at 28%, seriously!??

@Wesley-rn7oc Год назад

Do you keep them separate for technical reasons or is there some sort of strategy there?

@cutebubbles2007 11 месяцев назад

Ii is easier to follow their body language when they are separate and he is able to intervene when someone has a reaction

@riledmouse4677 Год назад

They’re a lovely couple.

@theyoungazn 5 месяцев назад

My wife and I struggled a lot with our money. Always living paycheck to paycheck. Still the same. But when we needed a car we were able to afford another car. Making two cars payments was the same. We were still able to live the life we were living. Right now I’m just learning to see what we can work on so we can start saving. As of right now I feel like we don’t have any plan on saving money and we just keep spending on whatever we want.