Money For Couples with Ramit Sethi
137. “MLMs, crypto, real estate—I can’t stop falling for get-rich-quick schemes” (Part 2)
Jan 2, 2024
David and Halima, who have a history of falling for get-rich-quick schemes and debt, discuss their financial situation and the importance of therapy. The podcast also covers teaching children about money, living a rich life, creating a vision for personal finances, exploring scams, and setting financial goals.
53:18
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Quick takeaways
- The podcast emphasizes the importance of prioritizing and cutting back on unnecessary expenses to improve financial situations, even for individuals earning lower incomes.
- The podcast highlights the significance of seeking help and addressing destructive financial patterns, emphasizing the need for open communication and a well-defined plan to tackle debt and increase savings.
Deep dives
Recognizing the financial situation
The podcast episode follows David and Halima, a couple dealing with $500,000 of debt and a never-ending renovation. They realize the severity of their financial situation and the need for change.
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