{"id":11859,"date":"2024-05-18T15:40:08","date_gmt":"2024-05-18T15:40:08","guid":{"rendered":"https:\/\/used82.com\/?p=11859"},"modified":"2024-05-18T15:40:08","modified_gmt":"2024-05-18T15:40:08","slug":"couple-say-theyre-broke-and-living-paycheck-to-paycheck-despite-earning-200000","status":"publish","type":"post","link":"https:\/\/used82.com\/?p=11859","title":{"rendered":"Couple say they\u2019re broke and living paycheck-to-paycheck despite earning $200,000"},"content":{"rendered":"
\n
\n

A couple have confessed to living paycheck to paycheck despite earning $200,000 and having multiple income streams<\/h2>\n

A couple has claimed their spending has continued to get out of control over the years despite them having well paying jobs.<\/strong><\/p>\n

Many people are feeling the pinch at the moment as the cost of living continues to worsen.<\/p>\n

However, a couple who earn significantly more\u00a0money<\/a>\u00a0than the average American have claimed that they are living paycheck to paycheck.<\/p>\n

A financial advisor, Dave Ramsey, admitted to being shocked at their finances as he spoke to the couple on his podcast.<\/p>\n

Ramsey said the couple had fallen into \u2018lifestyle creep\u2019 which he explained as when a person ramps up their spending faster than their income coming in.<\/p>\n

\n
\"Ramsey<\/div>\n

Ramsey said the couple had fallen into \u2018lifestyle creep\u2019 which he explained as when a person ramps up their spending faster than their income coming in. (The Ramsay Show\/YouTube)<\/cite><\/div>\n

The couple have said they are in a whopping $800,000 of debt… which explains the living paycheck to paycheck bit.<\/p>\n

The pair are also both working, have rental properties that generate additional income and live in relatively cheap Midwestern city, Des Moines, Iowa.<\/p>\n

Ramsey learned that husband and wife earning a base salary of $175,000 and bringing in an additional $20,000 from rental properties. For context, the median US household income was $74,580 in 2022, according to Census data.<\/p>\n

To cut down on the debt, husband Aaron has said he is considering selling the rental\u00a0property<\/a>\u00a0which is worth $325,000.<\/p>\n

\n
\"Explaining<\/div>\n

Explaining their spending Aaron said: \u201cLess than a year ago my salary doubled, and we just kinda went crazy.” (Getty Stock Image)<\/cite><\/div>\n

However, his wife is reluctant due to emotional ties and not believing in living life debt-free.<\/p>\n

Explaining their spending, Aaron said: \u201cLess than a year ago my salary doubled, and we just kinda went crazy.\u201d<\/p>\n

The couple have $450,000 outstanding mortgage debt on their main home and a further $192,000 on an investment home. As well as this, between them the couple have mix of personal loans, car loans, student loans, and credit card debt.<\/p>\n

\u201cYou guys are seriously broke!’ Ramsey declared upon analyzing the couple’s situation.<\/p>\n

\u201cYou’ll are freaking starving to death making $200,000 and spending like you’re in\u00a0Congress<\/a>.<\/p>\n

\u201cYou have a pretty serious level of denial inside your household. I think I am more upset about this than you are.<\/p>\n

\u201cI think the two of you need to understand you can’t live like this. This is ridiculous. You’re working your butt off and going backwards.\u201d<\/p>\n

He also warned against spending to keep up appearances and said not caring what other people think is a great super power.<\/p>\n

We can only hope this very wealthy couple is able to find a way to get by in these difficult financial times that everyone is facing.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A couple have confessed to living paycheck to paycheck despite earning $200,000 and having multiple…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11859","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"aioseo_notices":[],"views":55,"_links":{"self":[{"href":"https:\/\/used82.com\/index.php?rest_route=\/wp\/v2\/posts\/11859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/used82.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/used82.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/used82.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/used82.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11859"}],"version-history":[{"count":0,"href":"https:\/\/used82.com\/index.php?rest_route=\/wp\/v2\/posts\/11859\/revisions"}],"wp:attachment":[{"href":"https:\/\/used82.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/used82.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/used82.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}