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I had started that episode of Ramit show but couldn’t get into the couple so I skipped it. I may go back and watch it now that you pointed this out. I’m reading the comments and they are extremely positive towards this man and his wife.Quote:
Originally Posted by catherine
Ramit did talk about societal systems that support financial success and how hard it is to make it when they are absent, it doesn’t matter how hard you work. Sure I agree with that.
And yesterday Ramit treated us to another sociology lecture about kids who grow up in neighborhoods where there are very few men and they see so many of their friends killed or relatives dead at early age, and how that affects their “live for today with money” mindset.
The couple on yesterday are tragically unprepared for retirement. The woman cried at the drop of a hat at any negativity. She said near the end of the program she couldn’t stay home alone with her partner’s 14 year-old daughter for him to go out and get a job in the evenings. I think she’s ridiculous. Ramit seemed to ignore the importance of parenting the teenage girl as he offered solutions to their financial woes.
The man was handsome and had a smooth demeanor. He is earning good money for someone who had such a rocky underprivileged childhood but they live in Washington DC so things are expensive there. Their household income is $163,000 and they have more than $300,000 in student loans. The man is 57 years old and has $180,000 in student loans.
that caused me to look up some information about student loans and I will post that on another thread.
But then later in the episode after delivering this lecture about growing up in poverty, Ramit went off on a rant to this couple about how immigrants come here and work hard and sacrifice to earn wealth and stay out of debt. he was trying to convince him that they needed to bring in more money.
it was an odd episode.
Hmm.. I'll have to watch that one. I always am so grateful that I never had student loans, and even if I had they would have been a fraction of what people sign up for today. I don't know how they think they're going to pay them off! Something has to change on that front.