121. “He wasn’t supposed to have student loans. Now he has $157k.”

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.6 • 3.1K Ratings

🗓️ 12 September 2023

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

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Summary

Alana and Sam, 37 and 36, have two kids and $157,000 in student loans—loans which his mother assured would be paid. They haven’t been. Instead, the debt has tripled since he left school. Their home life has suffered as a result, as the family currently lives with Sam’s mom to save money. This episode is brought to you by: LMNT | Right now, LMNT is offering 8 single serving packets FREE with any LMNT order. This is a great way to try all 8 flavors. Get yours at https://drinklmnt.com/RAMIT. Fabric by Gerber Life | Protect your family today with Fabric by Gerber Life. Apply today in just 10 minutes at https://www.meetfabric.com/ramit. DoorDash | Go to https://www.doordash.com and use promo code RAMIT to get 50% off (up to $10) when you spend $15 or more at convenience, grocery or retail stores on DoorDash. BetterHelp | Visit https://betterhelp.com/ramit today to get 10% off your first month. Links mentioned in this episode • Download the Conscious Spending Plan • Get my New York Times best-selling book Connect with Ramit • Get the Podcast Newsletter and exclusive Q&A about the show • Get Money Coaching with Ramit • Get my no-numbers journal • Other episodes • Instagram • Twitter • YouTube • Submit a question for the newsletter iwt.com/askramit 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. Produced by Crate Media.

Transcript

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0:00.0	Before we get to today's episode, you know I'm out there buying a bunch of different tools
0:04.8	and little gadgets to try to find out little ways to make my life more convenient.
0:09.6	This Saturday I want to share three of my favorites.
0:12.2	Here's one of them.
0:13.2	I'm going to tell you what it is on this issue of my podcast newsletter and each of these
0:18.4	three tools is under $25.
0:21.3	So to find out the three tools I use that make my life more convenient, much easier, go
0:25.9	to iwt.com slash podcast newsletter.
0:29.3	You can only get this issue at iwt.com slash podcast newsletter.
0:37.8	My decisions aren't always based in reality, sometimes they're based in anxiety.
0:43.3	Things that disgust finances really, really, really stress me out.
0:47.9	Is that the word you associate with money?
0:50.4	Ash, yeah, yep.
0:52.0	Stress.
0:53.0	Yep.
0:54.0	It's not down, but I was on the phone with my student loan provider today and I got stressed
1:01.4	and Elena can vouch.
1:02.6	I was sort of just dejected and almost disassociated for the rest of the night.
1:08.6	I usually avoid, avoid, avoid.
1:10.3	It's just the numbers so big, you're just like, it's pretty insurmountable, so it's it's
1:15.0	very overwhelming for sure.
1:16.9	It tripled since it was originally taken out, there's 130,000 of it is just interest
	...

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