**Millionaire’s Advice to Tame $65,000 Credit Card Debt: Focus on the Root**

A California couple, earning a combined $286,000 annually, finds themselves drowning in debt due to years of unchecked spending. Despite their substantial income, Forest and Kathleen, both in their 40s, are struggling to make ends meet, with credit card debt nearing six figures.

Their story is a stark reminder that even those with high incomes can fall prey to financial mismanagement. The couple’s love for luxury activities, such as skiing, cycling, and yoga, has contributed to their debt woes. Forest’s expensive bike purchases and Kathleen’s penchant for travel have added to their financial burden.

Ramit Sethi, a self-made millionaire and author, sat down with the couple on his podcast to discuss their financial predicament. Sethi attributes their debt to a lack of guiding principles for their spending, rather than external economic factors.

To get back on track, Sethi advises the couple to adopt a more mindful approach to their finances. He encourages them to sell off unnecessary possessions, create a practical plan for debt repayment, and establish clear rules for their spending habits. Forest and Kathleen must also confront their emotional attachment to money and learn to communicate more effectively about their financial decisions.

Sethi’s guidance emphasizes the importance of creating a healthy culture around money, where mistakes are acknowledged and corrected. By taking control of their finances and making conscious changes, Forest and Kathleen can break free from their debt cycle and build a more secure financial future.

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