Ramit SethiRamit Sethi: The No-BS Guide to Living a Rich Life

I’m Afraid I’ll Have MORE Debt | IWT 106 & 107 OUT now! #financialfreedom #money #debt

17 Jun 2023 · 1 min

Watch on YouTube

0:37

A person working 80 hours a week for three years will see their salary jump 3 to 4 times, but they're terrified about a $100,000 credit card balance and whether more money will actually fix the debt spiral.

Questions this video answers

$100,000

Three or four times (3–4x)

About 80 hours per week for three years

Chapters

I'm stealing from my future. Future myself, because I have this contract that I signed that will increase my salary three or four times. I worked 80 hours a week for three years. Oh, son is never going to be three years old again. So I'm kind of thinking like, oh, that's not a big deal. And then I pay my $100,000 credit card debt. But I know that's not the right thing to do. So what's the problem? I'm afraid that it's going to be the same, and it actually might get worse. I might have even more debt. Well, you'll definitely have more debt.