Ramit Sethi talks to someone spending 98% of income on fixed costs. A new house, a lower-paying job, a dog needing eight pills daily and hundreds monthly in vet bills, and three children left almost nothing for emergencies or flexibility.
98%.
Eight pills a day.
Three children.
Why do you think you've ended up here, spending 98%.
Of your.
Income on fixed costs? What decisions.
Have brought you here? I think the biggest decision would be to get a new house. And then I had got a new job two months later, having two dogs that have not been cheap. At one point, one of our dogs was taking eight pills a day. And so we were spending hundreds of dollars a month on these dogs. And then also the decision to have three children. And we've articulated this with each other in the past, that we have thought it's going to be a lot, but we're always going to make more money as we get older. We think we can afford it now, but we should just keep making more money as we get older. But you took a.
Job that pays you less.
Yes.
I would be scared.
