They both drive luxury vehicles, own their home and are preparing to welcome their second child."We're in a really bad financial position," Michelleon a recent episode of his "I Will Teach You to be Rich" podcast. The couple's last names were not used.
Each month, they pay $3,700 for their mortgage, $3,342 on their credit card debt and $2,495 on their auto loans. That's a monthly total of over $9,500 before they've even gone grocery shopping. Including their $251,000 mortgage, the couple has around $628,500 in debt. is not the point," Sethi said. "That's a total distraction from what's really going on here, which is the house is burning down."
The couple shared an example of a time when Michelle was on vacation and left Kevin to make the mortgage payment. When she saw he didn't, she got angry and did it herself.
Source: Loan Digest (loandigest.net)
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