This content was created by Lewis Howes. This content was uploaded by Lewis Howes. This is a YouTube video titled "Why 6 Figure Earners Are BROKE" discussing the financial struggles of high-income earners who live paycheck to paycheck due to excessive debt and lack of savings.
A third of people making six figures are living paycheck to paycheck. We're taking calls from people making 190 grand, 250 grand, and they can't breathe. Why? Well, you start adding up all the toys they have and the luxury cars. They got $60,000 car loan here. They're underwater on it. It's only worth 40 now. And they bought a house that was a little too much house. And the mortgage payment is 60% of their take home pay. And so you add up all that and they got a credit card balance now and they got the personal loan and they still have the student loan. They have no emergency fund. We are so desensitized to debt in today's world.
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