192. “We spend 98% of what we make—Where is it all going?”

123 snips

Jan 21, 2025

Justin and Deepika grapple with living paycheck to paycheck despite high earnings. They explore the mystery of where their money disappears and how to break free from credit card debt. Balancing a side hustle complicates their financial picture further. They discuss the importance of a shared financial vision and the impact of differing attitudes toward money in relationships. The couple seeks to transform their financial habits by implementing conscious spending strategies and holding monthly money meetings to enhance accountability.

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ANECDOTE

Untapped Potential

Deepika worries about Justin's untapped side hustle potential.
She sees it as a crucial financial resource for future goals like buying a home.

ANECDOTE

Stagnant Side Hustle

Justin's side hustle, a recording studio, has been stagnant for 15 years.
Family involvement and lack of focus hinder its progress.

ANECDOTE

Family Business Fallout

Justin, his brother, and family bought a building for a studio.
After paying it off, everyone lost interest, leaving Justin alone.

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Justin (40) and Deepika (32) are stuck in a frustrating financial loop: despite their high income, they feel like they’re living paycheck to paycheck. Deepika dreams of buying a house someday, but the couple can’t seem to identify where their money is going—or how to escape the cycle of credit card debt. Justin has a side hustle that he’s eager to grow, but he’s struggling to get the same level of commitment from his business partners. For years, they’ve been focused on survival, not dreaming about the future. Now, they’re realizing that their lack of a shared vision for their finances is keeping them from the life they want. Can Justin and Deepika kick their old habits, create a better strategy for managing their money, and finally start living their Rich Life?

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