4.6 • 682 Ratings
🗓️ 13 January 2025
⏱️ 7 minutes
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0:00.0 | Brought to you by the Every Dollar app. |
0:04.3 | Start budgeting for free today. |
0:06.4 | My wife and I combined, we make about $500,000 to $600,000 a year, |
0:11.9 | but we still somehow are unable to save as much as I believe we should save. |
0:18.5 | So that's my problem. |
0:21.3 | I mean, our monthly expenses are about $30,000 a month and, you know, |
0:26.3 | we don't add taxes to that. |
0:27.7 | So we pretty much even out every year. |
0:30.2 | And I believe when we make $5,000 to $600,000 a year, we should be able to save one. |
0:36.0 | I would agree. |
0:36.8 | I think the $30,000 a month expense is your clue. |
0:41.7 | How much of that is debt payments? |
0:45.1 | Well, it's on two properties. |
0:48.0 | One is primary residence and one is an investment property. |
0:51.5 | And the debt payments on the mortgage are added to about $12,000 a month. |
0:57.0 | Yeah. |
0:58.0 | Why do you need $18,000 a month to run your household? |
1:04.0 | Well, about $8,000 to $9,000 bill to charity for a good cause. |
1:13.3 | And then the rest, like I'll say, about $10,000 is for groceries, utilities, for the car payment, |
1:25.0 | and a little bit for, you know, towards a... |
1:28.5 | Why do you have car payments when you make $600,000 a year? |
1:33.2 | Say that again? |
... |
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