168. “I’m going to die with student loans. Why should I count them?”

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.6 • 3.1K Ratings

🗓️ 6 August 2024

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Emi, 32, and Antonio, 29, have been married for six years and have struggled with debt for even longer. Credit cards, personal loans, student loans, refinancing—Emi has kept her head in the sand through it all. Antonio doesn’t trust himself to fix it. Can they break the cycle for their daughter? This episode is brought to you by: Fabric by Gerber Life | Protect your family today with Fabric by Gerber Life. Apply today in just 10 minutes at https://meetfabric.com/ramit. ZocDoc | Download the ZocDoc app for FREE at https://zocdoc.com/ramit then find and book a top-rated doctor today. Netsuite | Get visibility to everything in your business one one place. Sign up and defer payments, with no interest, for six months at https://iwt.com/netsuite. Masterclass | For unlimited access to every class and 15% off an annual membership, go to https://masterclass.com/ramit. DeleteMe | If you want to get your personal information removed from the web, go to https://joindeleteme.com/ramit for 20% off. Links mentioned in this episode • Join Earnable Live Connect with Ramit • Get the Podcast Newsletter and exclusive Q&A about the show • Get Money Coaching with Ramit • Download the Conscious Spending Plan • Listen to my book—now on Audible • Get my New York Times best-selling book • 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

Click on a timestamp to play from that location

0:00.0	On our episode today, meet Emmy and Antonio.
0:02.5	We keep getting into debt and getting out of debt and then getting back into debt.
0:06.2	I was in the dark, my head was in the sand, 100% overspending.
0:09.2	Antonio always managed the money.
0:11.3	I get anxious because I know what's coming next where this much more money in debt this month.
0:16.2	Well, Emmy buried her head in the stand.
0:18.2	I've never been involved in our finances. I got a free pass to walk away and not take responsibility.
0:23.0	Emmy is a therapist and she can't figure out her relationship with money.
0:27.0	Anxiety-inducing, it's overwhelming, I don't understand it.
0:30.0	They've been in a cycle of racking up debt and paying it off since they got married six years ago.
0:34.8	We both knew we were in a good amount of debt, but the amount was climbing.
0:39.4	How much did you raid from this emergency fund to pay off the credit card debt?
0:43.0	$77,000.
0:45.0	It's unrelenting.
0:46.0	There's nowhere else to go.
0:47.0	Like after this, we're selling our house and having to move in with one of her parents.
0:50.0	What were you feeling as you were asking these questions?
0:52.0	Like the walls were closing in, like I was going underwater.
0:55.8	Can they break the cycle of death?
0:57.6	What's going on, Emmy?
0:59.6	Let's dive in with Emmy and Antonia.
1:05.0	There was one day we were leaving church and there was like a fast food restaurant like down the road like on our way home.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramit Sethi, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramit Sethi and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.