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

"We Spend 139% of our Income and still fund our adult kids"

11 Aug 2026 · 1 min

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This content was created by Ramit Sethi. This content was uploaded by Ramit Sethi. This is a YouTube video titled "We Spend 139% of our Income and still fund our adult kids" (uploaded August 11, 2026). It contains a multi‑speaker, diarized conversation featuring Ramit Sethi and at least two other participants (labelled Speaker A and Speaker C). The discussion is a personal finance counseling-style exchange about severe overspending and debt (fixed costs cited as 139%), funding adult children, setting boundaries, and the risk of financial destitution.

He said, I need to talk to you. I thought, uh-oh, he's having an affair. He told me he had $50,000 in debt. It got us into a bigger hole.
Fixed costs are at 139%. Mm-hmm. Unacceptable.
We are spending more than we make.
It is a grave danger.
I worked really hard to get where I'm at. Then I made stupid decisions about helping my kids out.
I've put us in— debt. I should have said there and then, we cannot afford it, we cannot do it. I wasn't brave enough.
I get a text, I have to go pick up my daughter, can you give me some gas money?
We pay for a decorator to come around and paint the house. How old is this person?
36.
What the fuck?
I just want to help my kids.
What about helping yourself?
I don't know.
These boundaries are the things that allow you to retire. It's not just about saying no, to your kids, it's actually about saying yes to your life. What is going to happen if nothing changes? Destitute, homeless.
We will end up with nothing.