cover of episode 53. “We want to break the cycle of generational poverty, but we don’t know how” (Part 1)

53. “We want to break the cycle of generational poverty, but we don’t know how” (Part 1)

2022/7/26
logo of podcast I Will Teach You To Be Rich

I Will Teach You To Be Rich

Chapters

Austin and Annie, both raised in poverty, seek ways to break the cycle for their children. Despite earning $130k a year, they face challenges with debt and financial management, reflecting their lack of financial education.

Shownotes Transcript

Annie and Austin were both raised without knowing where their next meal would come from. They came to me looking for a way to break the relentless chain of generational poverty that they’ve experienced… and that they fear they’re passing on to their two young children.

The good news is that it’s not too late for them, or anyone, to start making the right decisions and move toward a Rich Life they can be proud to pass on. They bring in about $130k a year in a low-cost region, and since they’re only in their twenties, they can expect to make more money as they get further into their careers.

Annie and Austin have never been taught about money. So listen in as I meet them where they are: zero savings, $68,000 in debt, and no tools for managing their finances. Stick around next week for part two of this conversation, where we dig into the numbers and present long-term solutions. 

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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).

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