Each month, they pay $3,700 for their mortgage, $3,342 on their credit card debt and $2,495 on their auto loans.
'The house is burning down'When Sethi asked Kevin and Michelle why they needed help despite their high income, Kevin said impulse buys like drinks at 7-Eleven have really added up.
The couple owes $73,000 in credit card debt and $99,000 on two auto loans for luxury cars.
"That's a total distraction from what's really going on here, which is the house is burning down."
At the time of the podcast's recording, the couple's fixed costs came out to about 73% of their monthly income.
Persons:
Ramit Sethi, Rich, Kevin, Michelle, Sethi