A couple making $150k a year has no savings and can't afford a house. They blame impulse buying, ADHD, and Target trips with their kid. Ramit Sethi walks them through why six figures isn't enough when you don't have a plan.
I want an Xbox, like, yeah, let's go buy it. How can you have a spending problem and then at the same time you want to get a house? We're not mindful with money.
We both have ADHD, so we really need the dopamine hit. Whenever we want something, we just do it.
So much of that debt came from poor decisions we both had made when we were younger. Which poor decisions are you still making today with your money? Not having a plan and spending it on things that we probably don't need.
I took our older kid to Target. He points out this pillow and I was like, All right, I need this.
It's not like he even asked for it.
Well, it's not his, it's mine.
We were doing this like Legoland trip and ended up making a lot of impulse buys at Legoland. So for Legos, Legos are our whole personality now. I'm gonna say something that's gonna be uncomfortable to hear. The money you have right now, this not working. You will end up without a house. You will end up without enough money in the bank. It will be gone.
