9 Money Scripts Examples: Quickly Identify & Fix Your Beliefs

[00:30:32]
Ramit:
How
come
we
spent
so
much
time
talking
about
7-Eleven
snacks
but
we’re
over
here
with
over
$70,000
of
credit
card,
a
69,000-dollar
car
loan?

[00:30:45]
Michelle:
I
know.
Yeah,
I
knew
that
was
coming.
I
don’t
even
know
why
we
got
that
car,
to
be
honest.
Because
we
did
the
math
on
it,
and
we
couldn’t
afford
it.
And
then
I
don’t
know
what
happened,
and
we–
not
that
I
don’t
know
what
happened.
I
know
what
happened. 

[00:31:00]
Ramit:
What
happened?

[00:31:01]
Michelle:
We
still
went
for
it
because
I
was
just
being
an
enabler,
and
I
said,
yeah,
it’s
okay.
We’ll
figure
out
how
to
make
it
work.

[00:31:08]
Ramit:
And
when
you
figure
it
out,
who
do
you
become
in
the
relationship?

[00:31:13]
Michelle:
The
hero.

[00:31:14]
Ramit:
Yeah.
And
by
the
way,
what
kind
of
car
was
it,
Kevin?

[00:31:18]
Kevin:
I
have
a
BMW.
A
lot
of
this
was
before
I
took
that
pay
cut,
but
now
that
I
have
taken
that
pay
cut,
it’s
so
ridiculous,
and
I
know
I
have
to
get
out
of
it.

[00:31:32]
Ramit:
So
how
come
you
haven’t?

[00:31:33]
Michelle:
Because
then
we’ll
take
a
loss.
I
mean,
regardless.

[00:31:37]
Kevin:
Yeah.
So
the
reason–

[00:31:39]
Michelle:
What
was
the
worth
of
the
car
or
whatever?
You
did
the
Kelly
Blue.

[00:31:43]
Kevin:
Yeah.
So
the
car’s
valued
at
about
48,000,
and
69
is
what
I
owe
on
it.
So
I
definitely
would
take
a
loss,
but
we
haven’t
taken
the
time
to
go
in
and
figure
out
what
our
best
option
is,
to
be
honest.
The
reason
I
stayed
with
them–
so
I
had
a
BMW
previously.
Hers
is
a
Mercedes.
So
we
both
have
luxury
vehicles
that
we
both
have
no
reason
to
be
in.

[00:32:08]
Ramit:
You
have
a
BMW
and
a
Mercedes.

[00:32:11]
Kevin:
Yeah.
That’s
literally
half
of
our
income.

[00:32:14]
Ramit:
Mm-hmm.
And
those
cars
also
take
some
pretty
expensive
gas,
huh?

[00:32:18]
Kevin:
That
is
why
I
say
I
spend
a
lot
of
money
on
gas.

[00:32:23]
Ramit:
How
come
you
got
the
cars?
That’s
what
I’m
curious
about.

[00:32:26]
Michelle:
I
don’t
know.
I’ve
always
had
a
luxury
car
since
I
was
younger.

[00:32:29]
Ramit:
Oh,
that’s
a
good
reason
to–

[00:32:31]
Michelle:
Well,
because
my
dad
always
had
a
luxury
car
too.
I
don’t
know,
it
just
seemed
like
an
asset
that
you
had
that.
It
made
you
feel
good
because
you
work
so
hard.
You
want
to
have
a
nice
car.

[00:32:42]
So
I’ve
always
liked
to
have
a
nice
car.
This
is
getting
into
specifics,
but
I
had
a
Lexus
RX
500.
It
was
paid
off.
It
was
great.
It
was
fine.
And
one
day,
I
don’t
know
what
happened.
We
walked
into
a
dealership,
and
we
were
looking
at
cars,
and
there
was
a
really
nice
M
series
BMW.

[00:33:03]
So
I
traded
in
my
Lexus
for
the
BMW
that
was
on
a
lease.
So
then
after
that,
we
were
having
a
baby.
It
was
too
small
for
the
baby
and
everything,
so
that’s
why
I
decided
on
the
Mercedes.
It
was
bigger.

[00:33:17]
Ramit:
Hold
on,
hold
on.
This
is
classic
Americana
in
the
worst
ways.
First
of
all,
a
luxury.
How
much
were
you
making
at
the
time
where
you
had
that
Lexus?

[00:33:28]
Michelle:
Maybe
60,000,
$70,000
a
year.

[00:33:31]
Ramit:
Okay.
Thank
you.
This
is
making
my
story
even
better.
Making
$70,000
a
year,
buying
a
Lexus.
Basically,
spending
100%
of
your
salary
on
a
car.
Then
you
go,
hey,
this
car’s
paid
off.
I
know
what
I’m
going
to
do.
I’m
going
to
incur
more
payments.

[00:33:44]
Michelle:
It
was
the
worst
thing
I
ever
did.

[00:33:46]
Ramit:
So
you
go
in
there.
And
then
the
minute
you
have
a
baby,
what
does
every
single
parent
in
America
do?
We
need
a
house
and
an
SUV.
Why?
Because
our
little
infant
that
can’t
even
move
needs
to
around.

[00:34:00]
Michelle:
Right.
Yeah,
I
know.

[00:34:01]
Ramit:
And
so
you
go,
you
buy
1,
2,
3
things.
Income
goes
down.
One
of
you
goes
to
school,
one
of
you
takes
time
back
from
work,
etc.
So
you
have
these
skyrocketing
costs,
lower
income.
Heavier
costs
with
the
baby.
And
now
what
happens?
You’re
trapped.

[00:34:18]
Michelle:
Stuck.
Yeah.