“How can we raise 3 kids if she only makes $15k?”

[@ramitsethi]

00:00 Download the Conscious Spending Plan so you can use your money GUILT-FREE: iwt.com/csp-youtube Please remember: These are real people who had the courage to come on my podcast and ask for help. Would you be willing to come on this podcast and share every detail of your financial life? Feel free to leave comments based on what you think, but remember that we are here to help in a supportive way, not to demean and criticize.

[@JayBougie]

Ramit, I’ve been learning so much, Thanks for everything you do! 🙏🏻

[@saymon1983]

Hey Ramit, l really like your content; this has nothing to do with the video, but did you see what Grant Cardone say about 401 K's being a trap? I would love you to make a video about what that clown said about that.

[@rachellewellyn9062]

We were foster parents/bio parents 7 years ago and we had three under three. The fact that she's bringing in ANY money beyond the foster stipend and running their Airbnb is incredible. Ramit talked about her being in the weeds with their money, this woman is in the weeds in her motherhood and life. Three toddlers is no joke. Of course she's having a hard time dreaming big, she's just surviving every day and keeping those kids alive. I say hire the housekeeper, everything else needs to wait. This lady is on fumes. Hugs to you both! Best wishes to your family.

[@richheruk]

Absolutely. I had twins (now almost five) and when they were that small looking after children was completely consuming and I couldn't think for a second about anything for myself.

[@Flying_condor]

Yeah this is what I was thinking about.. if Ramit had an experience managing a household with 3 small kids, he would talk differently haha. Part-time job sounds realistic for now, but a full time job, when kids get sick almost every week..that’s very very very hard

[@Capycorg]

Amen! I'm not a parent but it's abundantly obvious that she has PLENTY on her plate with pt job and running an Airbnb.

[@beverlycarlson2209]

@@Flying_condor Amen, Sister. This is a mother thing. Ramit can't know what he doesn't know. The best thing for young children is for mother to be home! Their girls aren't even remember any trips until they are six or seven or even older!

[@belacsnov]

Why is everyone assuming she is the primary caretaker of the children?

[@Zadnak1]

Props to them for being foster parents, one of the most selfless sacrifices. Much love and respect to Alex and Caleb regardless of anything else.

[@carolynoquinn4573]

I'm adopted, so I love them too!

[@anonuser12345]

@@jasmineparmar2228 No. In general it is selfish. Foster parents are the true heroes

[@Beginnerreadsthebible]

​@@jasmineparmar2228 yes, it is.

[@debbielockhart7762]

​@anonuser12345 In general it is NOT selfish. What a weird thing to say (and think). Also, every friend I had growing up thst was in the foster system had absolute horror stories.

[@angelahale11]

As a long-time listener, I personally prefer this format compared to the in-person. It seems like the guests are willing to be more truthful and responsive when they feel comfortable in their own homes.

[@samanthagaboo5610]

The show must have brought him more viewers tho, so it was good he did it. I never heard of him prior to Netflix and Id watch season 2.

[@karissakline6765]

Yep, I can’t even watch the round table ones.

[@ZenPT]

In my understanding, She grew up as a missionary daughter. Trying to do things for others and asking for donations in order to fund the mission and live. This makes for a mindset of, “This money is not really mine, so I should spend it wisely on others as it should be and live off on whatever is left.” She didn’t get a chance to get small jobs when she was young that allowed her to practice the responsibility of earning and spending money on the things she wants.

[@joycef8443]

Good points!

[@11227denis]

There are many people in the same situation that don’t have that outcome. It doesn’t map 1 to 1. Same way Ramit pushes back on people blaming their behavior on their income because he knows that doesn’t map 1 to 1. There are other reasons. The difference is that Ramit pushes back on certain scripts but not others.

[@ZenPT]

@@11227denis That’s true. But it takes effort and self awareness to get out of a mindset or conditioning that you grew up with. I know that based from experience. Ramit is good about letting people talk about their money conditioning based from their experiences as young people and guide them to the realization and awareness of how that is affecting their current habits and beliefs with money.

[@laurao3274]

Or because she has kids. Having kids makes it a lot harder to convince yourself that you should spend "fun money" on yourself, when you could get something to make your kids happy.

[@karleer9657]

By the time she pays daycare, she is essentially a volunteer. They would notice no appreciable income difference if she stayed home until 1 or 2 kids were in school. Three toddlers is no joke on the worn out Mom scale. Stay home, enjoy your babies, and help out with the AirBnB.

[@Squintillions]

Usually agree with Ramit, but did not agree with his advice that Alex should get a new job right now. I was surprised he was suggesting this when he has talked about seasons in life before. As a parent, my advice to Alex is to continue what you are doing for the next one to two years while the girls are very young. Consider switching to full time and/or a new job then, but only if that feels right for your family. Is it possible to add an extra hour per day to work right now or to ask for a raise? If you like where you work, why not ask the boss or HR how you can earn more without going full time right now. Maybe there is a side project you could work on at home when it is convenient for you. One thing that wasn’t clear is how much time Caleb is putting into raising the girls, it sounds like Alex and daycare are doing a lot. Do not go on any expensive vacations during this time. A weekend away or to visit family is ok, no vacations out of the country. Save your money for that bigger vacation once all the girls have gotten past the stage where they need an afternoon nap and they will actually remember having gone somewhere. Use it now for a babysitter for date nights, a cleaner every couple weeks, and to finish the house renovations. Try to look for free or low cost things you can do as a family rather than enroll the girls in a lot of expensive extracurricular activities. Small children want to be with mom and dad, they really don’t care/know about all these extras. Parks and local libraries are great. Good luck!

[@dawnkoplitz1825]

Great advice!

[@amanda.c.ice.]

As a mom of a 2 & 3 yr old this is great advice!

[@AlyssaWolverton]

Totally agree

[@NinJaTrainee]

She could get a different part time job that could pay double her current salary easily

[@michellegreen1072]

@@NinJaTraineeA different part time job may not be as flexible.

[@nicoleT-YEG]

3 children age 1, 2 and 3! I'm amazed she has time to work outside the home AND flip the air b and b!

[@swithheld9905]

agree! Alex, you're doing awesome. keep going and trying with the money stuff! y'all are headed towards an amazing life of your dreams!

[@NinJaTrainee]

daycare and working 20 hours will do that easily

[@swithheld9905]

oh they're BABIES! at 27 i was still working through my religious upbringing. It's extremely hard to disentangle who you actually are and what you believe vs who the church wanted you to be and believe. i'm 30 mins in and have to say how impressed i am. adopting two very young kids at 27? willing to face their financial struggles head on? committed to one another as they both grow and change? I think they'll be OK.

[@annahappen7036]

Similar background here and I agree 1000! ❤

[@AndreiFantastic]

27 is not a baby let’s not infantilize someone who’s in their late 20s

[@lanalloyd9737]

I love this show, and this is the first one where I kept thinking that Ramit was missing a crucial piece of the puzzle. Not everything is about money. The emotional, physical and true cost of having 3 young children in daycare is staggering. When young kids are in daycare, they get sick more often, they are not as relaxed and happy as they can be if they are home with a parent, and both parents tend to be stressed and exhausted. Those years fly by and if one of the parents can stay home, everyone can be less stressed. When I had two under the age of two and tried to work, it felt like every other week someone had a fever and a cough and my husband and I were fighting over who had to miss work again. When I finally succumbed to the whole situation and left my job, the amount of peace we all experienced was priceless. It wasn't perfect, but everything slowed down and the kids were much more relaxed and got sick much less often. Money is not the only factor when considering what is best for a family.

[@laurieh5190]

I think several things were not addressed like the elephant in the room how much of the child and home care do they share? Plus, in most big cities, good full-time child care will be very expensive - way more than $1000/month. In summers, they will have to pay for 3 kids to have child care. How much will child care be of she gets a full time job? Who will manage the Airbnb? Does the $900 for the adopted kids last forever - or does it fade away with time? These are questions are vital to evaluating solutions.

[@AndreiFantastic]

Fosters get free childcare through subsidy agencies until they’re a certain age. But it does seem he isn’t very invested in the children probably because they aren’t his biologically

[@shondalesstudio]

It looks like the children are her job.

[@amanda.c.ice.]

I have two toddlers and it’s all consuming and I feel like I never get alone time. I can’t imagine a 3rd kid! Sounds like she’s doing amazing juggling her time between three kids, Airbnb and part time job! Unless you have toddlers, you truly don’t realize how emotionally and physically draining it can be.

[@Amanda-xx7sj]

Oh, I noticed how physically, emotionally, and financially draining kids were at a very young age, which is why I have none. Mothers are superhuman.

[@sue1703]

When I was a mom with 3 young kids I stayed home with them while they were little. I was very frugal and careful. Those are such important times that u don't get back with your kids. My husband was starting a business at the time and I helped him out when I could. Good luck to Alex and Caleb! :)

[@imera4180]

Adorable couple, both able to see how their childhood shaped them, and there was no blaming the other! I love it and wish them and their family the best ❤

[@Ry22futbol]

I agree! I wish them the best, and props to them having big conversations like this early on in their life! I think they are setting themselves up for their rich life!

[@louhooslife4722]

Ramit has a great understanding of all the things that affect our money habits as adults. Religion, family history, relationships, all affect how we handle and perceive money

[@michellebrotherwood3398]

I was disappointed there was no follow up video or email. I really enjoy that part at the end to hear what surprised them and what they learned.

[@Speckz513]

Ramit's video titles aren't clickbait, they're REAL!

[@WillowandThatch]

They are thoughtful, beautiful people and they are doing well financially. With 3 kids at home it’s remarkable that she can work PT and handle the Airbnb. I vote that she stay at a job that brings her joy and she pick up additional side gigs when she can.

[@marabookstagram]

I love how Ramit conducts these calls with so much empathy and focuses on the emotional component of money.

[@melinated2497]

Alex's money mindset with regard to earning income and spending seems to be stuck in the place of lack and discomfort from her childhood. She talks herself out of everything that could be good or enjoyable for her. I can totally relate.

[@tomaszp2027]

Yay, back to single part stories with the numbers included,.

[@JB-tc8gi]

Oh good I can watch it today 😂. I usually check the comments to see if I need to wait another week for both parts.

[@megansmith8537]

Well, this one makes me sad. She has to give up the job she loves and spend less time with her 3 little kids in order to make more $$. I understand why she would prefer side hustles. And then he says to go to therapy to control her ruminations?? I usually agree with him, but this one is sad. This is not about female empowerment, so the kids don't see "daddy" paying all the bills. I don't have the answer. This is life in the United States of America. She's already working plenty with 3 kids and a part time job and flipping airbb :(

[@NinJaTrainee]

I feel like you're glossing over a lot of what was said. She wants to change her approach to their finances. And taking ownership and responsability for paying bills is a part of that. The whole "get another job that pays more, and lose the one you love" has more to do with her being okay with working part time, getting paid as an unskilled worker. The solution that's being presented is not "find a full-time job" and work it out in therapy. It's find a different part-time job, that pays what you're work ie. your degree.

[@arhanna565]

😮

[@NM-ex4jk]

I enjoyed this one. The couple is very sweet and I hope they stay that way for life. Money matters, but overall, not that much. Being sweet to each other is much more valuable overall.

[@0reo2]

Ramit has the same technique my 5yo son uses when he wants to know something: Why?... Ok, Why? ... Yeah but Why? 😁

[@zo_471]

It’s an investigation technique called “five whys”

[@Joce123]

​@@zo_471It's like Scientology "auditing"..

[@zo_471]

@@Joce123 lol I think Scientology is A LOT more sketchy

[@haha-cm6pg]

@@zo_471those 5 whys to answer when there is Network incident and find root cause 😂😂😂

[@Dan16673]

It's the Socratic method

[@jessymadsen2699]

Oh man. I did not listen this one. If she gets a full time job who’s doing the Airbnb flip? That could be a good income? Who’s responsible for all the childcare? When do they see the kids? I think they have enough to do what they need but can’t have these twice-yearly exotic vacations and that’s okay. They’re young!!! They’ll get there soon enough. The kids are little once. I felt she was berated for all the work she did and just hounded for lack of making enough money. Childcare and housework is unpaid labor and it has a lot of value. This one was a total miss for me….

[@sarahjfarber]

Ramit is really demonstrating his full repertoire of understanding grunts this episode. ;)

[@jessyoutoobes]

I really enjoyed this couple! They have insight and drive, which will take them far in life. Refreshing to see a couple who have grown together and work as a team.

[@AlexisDouFlo]

Still on the first part, she seemed to me more like terrified to spend on herself like it would make her a bad person or get her critiqued (she said things like "you're not going to like my answers..." and such). She looked like she was trying to live appeasing and avoiding being perceived as selfish... I felt a lot for her 🤍 especially after hearing about her childhood! I didn't really appreciate her husband giving her a hard time for not earning more ..and to afford his multiple hobbies (?!) This woman is so strong and giving!! ...I also love that she speaks Spanish and has been to my home country, Peru 😊 🇵🇪 ¡Saludos!

[@jdp486]

I was a missionary kid who felt guilty for a while getting a "secular job". Now that I see how much I can earn, save, and give away: totally worth it. A little scared to watch this one though. 😂

[@jdp486]

I'm glad you discussed therapy. One thought I had while listening, based on my own missionary kid experience: MKs have a tendency to see ourselves, having traveled around the world, as more educated/humble/thankful compared to the kids back home who haven't left their state or country. I would be curious why (cheap) travel as a family gets a pass while other hobbies are seen as extravagant. Does it tie back to a childhood of living overseas, and not wanting their own kids to only know the USA because then they wouldn't be as educated/humble/thankful? I've found that even after being less religious, the things we were taught about morality are still there subconsciously. Putting others' needs before ourselves, submitting to our husbands, living for something bigger than ourselves, not accumulating a lot of wealth, not finding our self-worth in our jobs, etc. So much to work through in therapy...

[@chris_F76]

The unlimited budget vacation would be a national geographic private jet tour around the world 😎

[@jonahmorgan5504]

My goal is to make enough to not NEED to use coupons. I will probably still want to use them though but I just don't want to have to do it to survive.

[@swithheld9905]

i appreciate that she's zooming in from her tiny house airbnb :) great advertising!

[@embodiedsinger436]

I really, really appreciate Ramit’s sensitive approach to the emotional motivations behind people’s financial behavior. That said, I’m missing the strategies and actionable possibilities that used to be focused on more. While the situations are always complex, I wish the show was a bit more solutions-oriented, as I felt it was until recently. Thank you for all that you do!

[@ebelen1]

I’m not shocked that Alex could not visualize what an expensive trip would look like. For someone that doesn’t spend, it’s a muscle she’ll need to learn if she chooses.

[@lbslott]

I can’t help but wonder why the air b n b is only bringing in $1200 a month. That seems really low. Also, is her part time income more than the cost of day care? Also, can she get creative and use her love of animals/environment and do something online from home? We are living in a great time when you can monetize practically anything online… also, I can’t remember where they live but $130k is almost 2-3 x what we live off with 3 teenagers. I can’t imagine that income “not being enough.” It makes me really sad to hear people blame their distorted money beliefs on religion. God doesn’t want us poor. He wants us to have an abundant life. Mother Theresa says it takes a checkbook to change the world. For every Christian who blames God for their financial mindset, I can show you a “quietly rich” Christian who has their finances in order. It’s about personal responsibility, and taking ownership for yourself. You can’t blame having faith as the reason, when the Bible says faith without action is dead faith. You have to take action. Action is the proof of belief/faith.

[@joycef8443]

Only 2k in savings and they took a 7k vacation?

[@SuzanneU]

If I had $10 million, my first vacation would be a self-directed tour of the great Minoan/Mycenean sites: Knossos, Pylos, Thera. I'd go to Corfu and Boka Kotorska while I was in the area. I'd probably still stay in AirBnBs - private bathroom and kitchenette - because I like that. I'd hire a car and driver to take me places on land, somebody with good local knowledge. I'd stop at local eateries to sample local foods. I'd loaf and loiter. For sea travel, I'd charter a small private yacht with crew.

[@mmp495]

Me to! I would love to hire a guide to take me to all the local places…such a fun exercise. 😊

[@ericar.6370]

Did anyone else have to look these places up? Asking for a friend 😅. Sounds amazing!

[@debbievinsant4610]

Caleb you hit the jackpot with Alex! Alex you have to realize your worth but I love that you’re on that journey! What a lovely couple!

[@thewriteplaceforme6874]

Wait. No follow-ups? I hope we can check in with them down the road. The seem like a really lovely couple and congratulations to them for facing this at the age of 27. I don't think I was that level of mature at that age to be able to face these kinds of challenges. *** Dream vacation was 4.5 months in Europe, Turkey, Israel, and Egypt. It cost $18,000 in the 1990s. I didn't plan it, but gave suggestions and my salary paid for it. After the divorce, I went back and planned my own shorter vacations to go back to the best places and also see the things I missed and the places we skipped because I didn't know about them before. Easy and wonderful and then empowering and mine. "You can never step in the same river twice. You are not the same person and the river is not the same river."

[@Tomakri15]

It’s 4am and always looking forward to Tuesdays because of this podcast

[@fatboyannie]

Alex, ask yourself this question...What if Caleb loss his job, get sick or get into an accident, who will take on the financial burden? Would you rather choose it for yourself or make a choice when you must and not ready?

[@eleniderez860]

My husband makes 7 figures, and we still use coupons and buy things on sale or clearance. We never buy anything full price. Recently we bought a refrigerator we asked for a discount from the manufacturer and used a $100 coupon. We used coupons when we first started and its become a habit to save no matter what. Using coupons and saving money is a good habit in my opinion

[@Capycorg]

It's also a good habit to buy things that are responsibly made. I hope with a 7 figure income you're doing that.

[@marabookstagram]

Regarding her interest in hobbies, local libraries may offer craft/hobby items so you can try them out. Being creative can be its own reward! Not everything has to be "good" or make money.

[@leet8017]

I'm in a similar situation, but in my 40s, a senior engineer and primary income earner. They could make this work, he'll earn more in time and she has amazing thrift habits that i hope she keeps the rest of life. Sometimes we can't make people change. He could examine why he's reluctant to take the traditional role of being responsible for increasing the household's income. I understand he's young, but this will make sense one day. She already trusts him to invest the money, it seems obvious what his role is

[@anastasiabolu2213]

I’m glad Someone said this.

[@tamarshugert4600]

I haven't watched this yet but I can't wait. I raised 2 kids on 1,000$ a month and 4 kids on 2,000$ a month. It was a daily struggle. I have major PTSD from it. But I'm working on it.

[@chaaaaaaaaaaaad]

How are they allowed to adopt if they can't afford it?

[@jdp486]

@@chaaaaaaaaaaaad They're fostering.

[@borderpatrolnp]

Their daycare costs about the same as alex is making. At this rate, the non-financial benefit she would get from being a SAHM would outweigh the job imo

[@craziinancy1]

I think she enjoys her job though so it may be good for her to keep it. Im biased though cause I think being a full time SAHM to 3 kids that young would drive me a little crazy lol.

[@borderpatrolnp]

@craziinancy1 I hear ya, but considering they're fostering and looking to adopt, that may not be the case. Plus, she will be able to get back into the zoo/aquarium world in say 10 years, but this time with the Littles she won't get back. As bad as it sounds, I think the elephant in the room (pun intended) is does she like to work more with animals or the children?

[@Flying_condor]

Daycares are so expensive nowadays:( wouldn’t make any sense to work full time for 40-50k, if the daycare for 1 kid is $1200-$1700, depending on the location/state 😢

[@mikaelaziegler9782]

She can still get fulfillment from her job and enjoy having something just for her, plus she’ll have work experience and income in case anything were to happen to her husband. Maybe she can teach her kids a lot from her job, it’s not all $

[@RadCenter]

Am I missing something? I don't see the HELOC repayments accounted for in the spending plan.

[@rayneboone9696]

I think that's the $1400 for home renovations.

[@JeekoStraw]

Bro coupon r important, any extra dollar saved can go into a roth or high yeild savings

[@sharonerdman-uz6in]

Ramit, I am glad you noted that your faith and being financially sound can coexist and in fact should coexist. Faith without works is dead. From a Christian perspective: it is very unfortunate that the church fails to equip its members with good financial tools yet they ask for tithes and offerings. Kudos to those churches who do!

[@11227denis]

Ideal vacation, tour all the castles, temples, and historic buildings in Europe where you can also board and stay.

[@debblouin]

There isn’t disparity in their income. They are a married couple and all their income is theirs together.

[@mmp495]

I love the split screens to see everyone’s expressions…😂 The hypothetical European trip with 3 kids had me in tears.

[@lasdamaichon]

My 10M vacation would be permanent. It would involve living in various less populated places around the world for a few months to a few years at a time, visiting the coolest of cities here and there, searching for a place I might want to retire eventually, educating my kid, hiring amazing tutors for him or us and attending classes with him until he’s old enough that he doesn’t want my company, and continuing my work with all the educational and developmental and support opportunities I could want and none of the financial pressures.

[@fulascience]

49:30 typo error "cyou"

[@M1999-v4v]

One day I asked my sister how can she afford to get milk, pampers, and baby food for her kids years ago when her kids were babies and she told me that she signed up for WIC program to receive free baby food, she was receiving food stamps, and a program that gave her pampers and baby wipes every month. I noticed my best friend sister has two daughters and she doesn't even work she receives money from welfare, so there is a way they can get help if thwy have 3 kids and can't afford to save money.

[@robynharrison7631]

Hold on….God has a plan for us,BUT we are responsible for our own selves. As an adult YOU are to be responsible for yourself. God gives you the wisdom to know how to spend/save/give. Many Christians don’t read and understand the Bible for themselves.

[@elizabethcarrasco4605]

Amen Robyn!

[@ShoesShipsSealingWax]

Our vacation if we had $10M would be something we’re actually planning to do once we retire: a nearly 10mo long around-the-world cruise, in the nicest suite on board, with whichever excursions or experiences sounded most amazing at every port.

[@ValerySherina]

Looking forward to their follow up. Wonder if she did get a new job and if the adoption is finalized. They seem like good people. Best of luck to Alex and Caleb. Daycare cost does seem a bit low, but it's very area dependent. In terms of guit free spending, for parents of snall kids every $100 feels like a BIG WIN!

[@anag9799]

Note for your editor: typo on the slide that appears at 49:36

[@RivaTheDiva]

I sooooo agree with u .. I make six figures and I still coupon.. I honestly love the thrill and excitement of catching deals and couponing and instead of spending $300 I can pay $10 lol.. I don’t care how much money I make, I think I will always coupon.. why pay full price if I don’t have to

[@cristalstart]

I understand her! I love a deal 😅. I love this sweet couple, I wish the best for them and their girls

[@Bmf214]

They both look so young! I have clothes older than them!

[@elenakalliste]

I loved listening to their very different stories than most of the guests. Did I miss something or were there no follow ups?

[@mwedzi]

If our family had 10M, in addition to just stopping work, I'd plan a trip that is the more luxurious version of a trip I'm saving for anyway, in a couple of years. Take my family to southern Africa, S.A., Botswana, and Namibia, and make our way to the Okavango Delta to see the desert flood, plants come to life, and the animals migrate. Tickets would be first class, safaris would be top notch and up close, accommodations would be amazing houses rented, hired drivers to take us around. I've traveled plenty, the poor way, all told spent years abroad working, studying, traveling, and traveling broke is its own amazing authentic experience that traveling with money often can't replicate. But, I'd still like to try it with money!

[@btbudgets]

The fact that she really likes her job and has enough time to be with her family and take care of the airbnb...I think that's great. She shouldn't need to "hit potential" right now if she's content.

[@clarklowe5632]

Don't know maybe because it of where I am in life winning $10 million, though life changing wouldn't cause me to quit my job (though my wife would). Also I see how friends live who have far more than that and it isn't that much different than how I live now they don't over spoil kids and leave most of it invested for future and how wealth stayed generational was teaching their kids to work, not just live like spoiled rich kids. As for a vacation, I would just maybe upgrade flight seating when I fly international I would stay with the same vacations I do now.

[@josephmarinucci9073]

Lovely couple. A couple options regarding the part time job she loves would be to keep it and get a second part time job and/or see if there are ways to make the first part time job pay more.

[@ms.t2642]

She has 3 young babies. It is clear what she really wants to do is stay home with them. And after daycare, her salary would be eaten up anyway. What does he need to do to get a raise?

[@swithheld9905]

i love their vision of their Rich Life!! i am rooting for them

[@cindybelbeck6361]

10million - 1st trip would be a expedition cruise around South America and then hiking through the Salt Flats of Bolivia. Then a conservation tour of the Gulapagos and Easter Islands.

[@kemi1486]

It’s very lonely being married to an avoider. Hope she becomes a true partner in the financial management convos.

[@Sallyy150]

Tbh, her field (which is the same as mine) doesn’t have that many jobs. And as much as u love ur current non paying job, u should ditch the 20 years old mentality and respect ur time. If you leave the house and give away ur time, u should be well compensated.

[@vgmijpn8ball]

Aww, no follow up :(

[@kevinsullivan1833]

Does ramit advise people to “run the numbers” before having kids? Or just with buying a house?

[@loes6839]

I don't think he does with kids because of how heavy that topic is. Especially since ending a pregnancy is not an option in many states in the US and his main audience is probably in the US (I'm not) and it's not allowed to use birth control in some religions

[@TonyCox1351]

Ramit tells people to run the numbers on a house because folks consider housing an investment. No one is using their kids as a wealth builder.

[@AmbiguousAbsolute]

​@@loes6839 Only 14 states have completely banned abortion so that's not more than half. And I would think if a religion bans birth control they would also ban abortion.

[@oneoptimisticstar]

Italy, Spain, Uruguay, Argentina and work our way back up to So Cal, no one is worried about 6 week PTO if we had 10 million in the bank

[@qcspt]

They're a sweet couple but I'm glad that Ramit probed her enough to face the fact that the root cause is a fear of taking responsibility. I think one thing that Dave Ramsey is good at calling out is when people use the "it's God's will" excuse for not taking responsibility for their finances/life.

[@Beginnerreadsthebible]

God bless you, Alex, Caleb and three littles! ❤❤❤❤❤

[@sedalemccall]

I agree with her I would save most of that money because I wouldn't want to work. So call it 8M with a 4% safe withdrawal rate giving us 320K a year. Then go to the top beaches in the world and stay in private cabanas.

[@annmiralles2550]

I did it with my husband. I raised 2 kids and one already graduated from college with no student loans. Only made less than 20K most of my career. I was still able to save for my retirement. It takes a lot of hard work, sacrifice, and imagination to make things work. Don’t give up God brings great blessings and won’t let you down.

[@davidmorrison7323]

Follow ups for this one?

[@beverlycarlson2209]

This episode makes me want to scream! A mother of young children does not have to make more money. That is a lie from hell!

[@MichaelThiemann]

Managing three kids ages 3 and under while working part time and turning over an Airbnb. That sounds like more than full-time work to me! I would try to make this work for another few years, if possible. The kids are so young.

[@rebvanwinkelstein2578]

I guess he just meant a higher $ per hour because of her degree, not more hours 🤔

[@outtathisworld6]

Yes but also, starting a new job requires a certain level of dedication and clear-mindedness to ramp up. I’m a mom of two under two and thought about finding a new job but it’s nearly impossible to go out of your comfort zone along with all the life stuff that’s happening

[@stephengorczyca9855]

I think another great point would be to point out she would be a strong role model as a scientist and providing them with a stable environment to live in.

[@Sunshine-wn4eg]

This was a really great episode 👏🏾

[@MrsEJV]

Adore this lady. She could be my child and I’m 77. I’ve been living in a nice extended stay hotel for a few weeks because of new HVAC in my apartment. It’s been a week with another week to go. I’ve yet to go out to dinner. I have a kitchen, thus I can cook. If I have coupons? Ya! You bet. All the best on extending the family. Send my best.

[@gatocaseroo]

Lovely couple. Were there no follow-ups this time?

[@Kat-cu9zp]

In religious homes there is so much anxiety around being perfect. There are also very specific gender roles if you stay on the normal path. It leads to so much stress that everything is going to fall apart which leads you panic at the first obstacle which is seen as proof that you should not be doing anything in the first place. Trust me, if I had the option of pushing that stress off on a partner, it would be very tempting to do so.

[@MelisaReinertson]

Why was there no follow up with this couple? I was curious to hear if they changed anything

[@midnitekezia234]

Great video! Wishing the couple well!!

[@laundrygoddess4]

I would take my two young adult kids on a tour of eastern Canada for a month. See Ontario, Quebec, and the Maritimes.

[@spencer34716]

As a woman and a Christian, I am so sad for her experiences that have clearly made her feel “less than” and not special. That hurts my heart for her, as my experience has been blessed and quite the opposite. I will pray that she can see herself as Jesus sees her - which is fully loved, purposefully unique, and full of power.

[@theChef1337]

Typo at 49:37 !!!! UNSUBBING. jk love you Ramit ❤️❤️ hire me

[@cognitive-botanical-therapy]

This was a great episode ❤

[@myautoimmunekitchen]

If I had $10 million dollars right now… I’d set a bit of it to start a non-profit organization (a dream I’ve had for many years), I’d buy a home for myself that matches my long-time vision, I’d invest enough (and then some) to comfortably live off the interest/dividends each year (which would include bucket list trip destinations and stay in nice-enough hotels -I don’t really care about staying in crazy nice/luxury hotels). I’d get a new car and get my almost-vintage car fixed up. I’d take a several week trip to Italy, Greece and Sardinia to eat all the food and swim in the Mediterranean. I’d finish the degree I’m working on, get the certification I want, and start doing that work.

[@myautoimmunekitchen]

I also love Ramit's moment of glowy pride-happiness that was barely concealed when they said they read his book. They are one of the only guests who have! I really liked this couple. And I so appreciate that they are foster parents. This is something I've thought about doing for a long time, and they are inspiring.

[@darbymori350]

Alex said some things that really connected with me. Relieved to hear someone else feels/thinks some of the same things I struggle with. Thank you, Alex, for sharing.

[@feliciamatthews6465]

It's too bad she received a type of miseducation in her Christian teaching that made her feel undeserving. The Bible states that faith without works is dead. Therefore, you have to put in the effort. Doing that, then, won't leave you feeling undeserving. It seems that wasn't imparted to her.

[@loes6839]

Unlimited vacation would be a trip to New Zealand, Australia and Japan. (From the Netherlands, so that's the other side of the world). But we are planning on going to new Zealand in 2-3 years. Its in our CSP😂

[@TonyCox1351]

I got to go to Australia on business and it was amazing. You will love it, worth every penny

[@Moneybug411]

I have a question to these plan that shows all the numbers. I am not from the US and I try to understand. When they show all their financials does the 'Investment' or any other bullet point include savings for retirement? Like a 401k? Or are these just 'Investments' like a private organized stock saving plan or ETF's?

[@awb19892]

It should include everything (although a landlord might include non-primary residences under "assets"). It can get a little less clear under income, whether pretax 401k/IRA/HSA contributions are considered post-tax (since many of the recommendations are based on percentages of your "take home" pay).

[@Moneybug411]

@@awb19892 thank you for explaining! Then I am honestly a bit shocked that so many people have almost no 'savings' for retirement. I am from Germany and we almost never talk about pretax. it's not relevant, we only need the number after tax so we actually know what we can 'spend'. But I also have to say that we don't have a lot of things we can deduct pretax like 401k, HSA etc. (I honestly think we only have one really small investment you can make pretax and not everyone has that opportunity).

[@awb19892]

@@Moneybug411 it's way easier than ever before for people to waste their money on random things. Most people just contribute what their company auto-enrolls them to in their 401k. Might be 3%, might be 6%. Pension plans aren't really a thing anymore for the most part. We have social security, but it provides a minimal existence and there are many questions about how long it will last (republican politicians are trying to cut the amount and raise the age when you can collect once the boomers are gone). Post-tax makes more sense to discuss ... but it's harder to compute. My company paid for my relocation, I got money post-tax, and they grossed it up (paid IRS extra money on my behalf). But they assumed a very high tax rate and I ended up getting a bunch of money refunded come tax season. All sorts of people have complicated taxes with real estate, dependents, highly different tax rates in different states (some states with 0%, others with 12%+ highest marginal rates), donations, carrying over investment losses from previous years, etc. Some states also have 0% sales tax, which makes spending not the same across the board (even if you buy the same exact items online, say on Amazon). Ramit's philosophy tends to be to keep it simple on here and not worry about the details too much. For example, a traditional 401k should be discounted in value somewhat compared to a Roth IRA since taxes on Roth IRA contributions have already been paid. But when your audience is "we don't even know how much we make per year," going into all those little details won't help. But you're right, a lot of people live a very lean retirement, rely on social security and help from kids. They wish they'd prioritized it in their 20s. If you browse the personalfinance sub on reddit, you'll see tons of people in their 50s or 60s with basically nothing saved for retirement, and they are panicking.

[@susaniverson8674]

Is this less about money and more about time. How much time will they have to take care of the kids and home with both working full time. And how do they split the responsibilities as parents.

[@cookinthekitchen]

Ive only listened to the first 5 or 10 minutes but he only seems to be critisizing her because she makes 15k, where is the appreciation for all she does?