Ramit Sethi of I Will Teach You To Be Rich talks to Sarah and Kevin. In part two of our revealing conversation, we offer solutions for their serious debt accumulation problem and grapple with the hard truth about their biggest non-negotiable expense: $55k a year for their three daughters’ private school tuition. — 🚨 GET RAMIT SETHI’S WEEKLY MONEY NEWSLETTER * I share news ways to think about money every Saturday. Get the emails here: https://iwt.com/podcastnewsletter-yt 🙌 GET HELP FROM RAMIT SETHI * Take control of your money with the Conscious Spending Plan: https://iwt.com/csp-youtube * Optimize your credit cards with the 1st chapter of my book: https://iwt.com/chapter1-youtube * Join my Money Coaching program for monthly help: https://iwt.com/moneycoaching-youtube * Break the shackles of your job, calendar, and 9-to-5 income with Earnable: https://iwt.com/earnable 🤳 CONNECT WITH RAMIT SETHI * Instagram: https://www.instagram.com/ramit/ * X: https://twitter.com/ramit * LinkedIn: https://www.linkedin.com/in/ramitsethi/ ✅ SUBSCRIBE SO YOU DON’T MISS ANY EPISODES https://youtube.com/user/ramitsethi/featured/ — Can’t-miss moments: 00:00:00 — 1: Opening 00:02:43 — 2: Ramit’s mind is blown by their $55,000 private school expense 00:06:11 — 3: Sarah realizes she has to make a big sacrifice 00:13:37 — 4: Sarah gets emotional about building their dream house 00:14:15 — 5: The moment Ramit tells them they can’t afford the house 00:20:50 — 6: “You’re watching your dreams get calculated away” 00:21:47 — 6: Their fixed-costs are 151% of their take-home pay! 00:26:33 — 7: Can they afford their kids’ activities? 00:32:00 — 8: Ramit gets their fixed costs down from 151% to 76% in one move 00:36:40 — 10: Sarah reveals she can immediately cut $36,000 in business expenses 00:42:40 — 11: Say goodbye to the Tesla 00:48:22 — 12: Ramit is shocked to learn the kids are already in $55,000 private school 00:56:22 — 13: “Is it worth it?” 01:03:57 — 14: Where are they now? Sarah and Kevin ghosted Ramit — If you and your partner have a money issue and you want my help, I occasionally select a couple to work with, free of charge. Apply for my help here: https://forms.gle/pjYMaLeThJM3z9uN6 Produced by Crate Media.