Ramit Sethi of I Will Teach You To Be Rich talks to Janis and Michael who have been married for 39 years. They share two adult children; the first is a therapist that recommended coming on the podcast. The second continues to take advantage of them financially. Their story is heartbreaking, totally unique—concerning, but far from hopeless. — 🚨 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 🤳 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 00:03:13 — 2: Janis finds out the truth about the shed Mike build her 00:14:06 — 3: What Mike’s childhood taught him about money 00:17:03 — 4: The shocking “gift” Mike’s parents gave him at his graduation 00:22:21 — 5: Mike has a realization about his upbringing 00:25:28 — 6: How do their 2 adult kids handle money? 00:28:56 — 7: Mike reveals they are still supporting their 31 year old son 00:31:11 — 8: Ramit loses his mind when he find out about their son’s car 00:40:34 — 9: Another incident with their son 00:42:23 — 10: Will their son ever pay them back? 00:45:53 — 11: What habits has Mike co-created by doing his son’s homework with him? 00:48:58 — 12: Their biggest fear if they cut him off 00:50:40 — 13: Mike and Janis start to see the connections 00:53:14 — 14: Ramit breaks down their numbers 00:54:28 — 15: Ramit explains how they can dramatically reduce their medical bills 00:57:36 — 16: Wait. They have how many pets? 00:59:27 — 17: You have been married almost 40 years and can’t take a vacation because of a duck 01:03:12 — 18: How are they paying off the debt? 01:04:47 — 19: Ramit helps them have one of their first healthy discussions about money 01:11:33 — 20: They have a major realization about their future 01:14:57 — 21: Where are they now? Janis and Mike’s follow ups — 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.