[00:18:33] Ramit: Before we do the rest of the reduction, I just want to look at something else. Investment, at 8%. Okay, so you’re putting away $400 a month for retirement, so you have $38,000 invested. Okay, okay.
[00:18:47] Elizabeth: Yes. That’s the only reason we have anything planted.
[00:18:50] Ramit: What is the lesson?
[00:18:52] Elizabeth: If I can’t see it moving, that’s fine.
[00:18:57] Ramit: If you want your money to go somewhere, you need to do it automatically. Whatever is left, you will destroy. You might just be humble about it and agree. Look, I have my weaknesses. He puts the chips and salsa in front of me, I eat the whole damn thing. I know that. I’ll only eat at a Mexican restaurant if I know, ah, it’s going to be chips and salsa all night at Ramit.
[00:19:20] Elizabeth: Yes.
[00:19:21] Ramit: I am humble enough to know you. You have to be humble enough. It’s not about trying. It’s not about manual tracking in a notebook. None of those things are important. It’s about automatically making your money go where you want it to, it’s that simple. We need to bring this number down to around 50, maybe 60%.
[00:19:40] Elizabeth: Like I said, we’ve tried to get out of debt many times, and we never get out of debt. That’s why it keeps accumulating. In this mess.
[00:19:52] Ramit: Eating out. What else?
[00:19:54] Elizabeth: I can buy a lot of movies online.
[00:19:59] Ramit: What?
[00:20:00] Elizabeth: Like $5 a pop, digital movies.
[00:20:04] Ramit: What?
[00:20:05] Elizabeth: That was another thing I like to buy.
[00:20:06] Ramit: Wait, hold on. You have a subscription of $185 per month. I guess that’s like Disney plus, Netflix, all that stuff, right?
[00:20:13] Elizabeth: Yes.
[00:20:13] Jonathan: Mm-hmm.
[00:20:13] Ramit: So you buy on top of that.
[00:20:15] Elizabeth: Yes, I am. I stopped. Jon stopped me, so I stopped.
[00:20:20] Ramit: What did you say, Jon?
[00:20:21] Jonathan: Can we really know that? You need to stop. Everything is inclusive.
[00:20:26] Elizabeth: No, he told me to stop. He said that I am not allowed to buy other films.