Three couples work through debt payoff strategies after one partner's spending habits, including owning 10-12 laptops, delayed retirement plans. They've paid off $6,000 since their last meeting and discuss how to eliminate remaining debt faster with help from a money manager.
Previously on Money for Couples. What do you think about this debt?
I'm angry at Michael. I'm angry at myself. Michael has 10, 12 laptops.
What the fuck? 12 laptops?
Yeah. He's at the point now where he should be able to retire, but he can't.
This is my vision of my goal. Someone kind of manage the money and make sure that it goes in the right places. I don't have that knowledge to do that. If this doesn't work, what does it mean for you?
Be honest. I'm tapping out. I can't keep doing this.
To be truthful, after our conversation, I got kind of fucked off. I kind of got the fever to start selling stuff.
How do we wipe the debt out so that our net worth continues to rise?
How much debt have you paid off since we last talked? $6,000. $6,000 since we last talked?
If we had no debt, right? If we had just the mortgage, we'd be well over $1 million today.
