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cover of episode 51. “We went bankrupt, but I still have no boundaries with money”

51. “We went bankrupt, but I still have no boundaries with money”

2022/7/12
logo of podcast I Will Teach You To Be Rich

I Will Teach You To Be Rich

Chapters

Katie and Cal discuss their financial struggles and the overbearing influence of Katie's mom in their financial decisions.

Shownotes Transcript

Katie and Cal are in their mid-twenties and, after moving around a bit, they live back home in Alaska with their young children. They bring in about $100k a year and have a good chunk of debt, about $25k of that they transferred to Katie’s mom for a better interest rate—a move which has hopelessly entangled her in their finances.

What do you do when a family member who means well (they all do) oversteps the line? Listen in to hear how Katie and Cal come to terms with the truth—that her mom’s influence has got to go—and how they might start to enact that very difficult change in their lives.

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