A couple earning $167,000 a year has only $13,000 saved and spends more than they make each month. Ramit Sethi and Amanda discuss how they enable each other's overspending and whether they can retire if nothing changes.
$167,000. What do you all think of that income? I'm super proud of the work that we've put in, but we don't have enough.
It's kind of like always a struggle, and it makes me sad.
I am the one with the spending problem, and I have asked Amanda to make me stop.
I have a hard time saying no. Money's just not my thing.
You have a crisis right now. You're spending more than you make. Every month, and you only have $13,000 in savings. Yeah. What do you think is going on here? I know what to say to eventually get what I want.
With, like, money, we've seen how each other maneuvers with it. And so we need each other to do the bad things.
If I keep spending like this, are we going to have enough to retire at a comfortable age and enjoy my life with Amanda moving forward? How you gonna do that? I don't know how people just turn that switch.
