Why couple worth $1.3 million still feels broke

While I don’t share their plight and I’m struggling to not to say “stop spending on shit,” I am seeing more and more of high earning couples struggling, but this is too much for me.

“On paper we’re not broke, but it feels like we are,” she recently told self-made millionaire Ramit Sethi on his “I Will Teach You to be Rich” podcast. Their last names were not used.

Husband Brad works in Real Estate.

Brad works in the mortgage industry, which has meant earning between $60,000 and $70,0000 a month in a good year for the housing market. But there have also been leaner periods where he relied on income from an event business and savings from the better years.

To deal with that variance of income, Brad does risky things.

On the flip side, Brad tends to overcompensate for his lower-earning periods with risky investments that add to Sandra’s unease. -via CNBC

So wait, $60k to $70k per month is like $780,000 on average per year.

Sorry, I have no sympathy for them. I would live on $10k per month and save the rest.