David, 33, and Halima, 37, have nearly $520,000 in debt.
But, “I actually feel like I’m rich,” David told self-made millionaire Ramit Sethi on his “I Will Teach You to be Rich” podcast in December. Their last names were not used.
The couple earns a combined $192,528 a year and the mortgage on their New Jersey home makes up the majority of their debt. They came on the podcast in hopes that Sethi could help them figure out how David can retire early.
Here’s a look at their finances at the time of the podcast recording:
- Assets: $524,000
- Investments: $11,249
- Savings: $63,752
- Debt: $517,045
- Net worth: $80,956
Their debt includes their $447,000 mortgage, as well as $47,144 in auto loans and $22,900 owed on credit cards.
Read the full article at: https://www.cnbc.com/2024/01/12/couple-racked-up-over-20000-dollars-in-credit-card-debt-but-feel-rich.html