[Ed note: This somewhat mean-spirited post is from an embarrassing number of years back and has been hanging out in drafts waiting for it to no longer be connectable to any specific person and for us to be out of money Monday posts. Did the person in question ever turn things around? We have no idea!]
You make a lot of money. I know this because you keep telling people how much you and your spouse make. I was shocked the first time I saw it because you are always complaining about your debt (and how the world has been out to get you). Until very recently, your family made more money than either of ours and lives in a lower cost living area.
But you also have spent a lot of money and you keep spending money. For example, you bought a house that you should not have bought when you had major debt that you should have attacked first. You got upset when your readers told you not to buy the house, and you bought it anyway. Same thing with replacing your car with a fancy new model because cars get old after 6 years.
You need to pay down that debt so you stop wasting money on the interest so that you can actually life the lifestyle for your income-level. You can’t live that 100K+/year income life until you get rid of that debt. You have to live on less than that. I’m not saying to give up the private school, but you don’t have to live in as nice a house or as nice a neighborhood or drive as nice cars or replace them so frequently. I imagine there are a lot of other luxuries that you think are necessities and entitlements. They’re not.
You are probably not going to be able to stop spending so much without help, but I doubt you’re actually going to seek help. I doubt that because your readers have suggested plenty of places to get help, from books to Dave Ramsey classes to certified financial planners, and you’ve done nothing. You’re probably just going to keep complaining about your debt, bragging about your high income, and complaining about how the world is out to get you.
There’s probably something psychological going on. And I should feel sorry for you, but seriously, you make @$@#$@ing lot of money. A lot of people would pay down their @#$#ing debt and not feel so entitled to the house they couldn’t afford and whatever else it is that you’re wasting your high income on. Then they’d have paid down their debt by now and would be able to live the life you’re living while saving for retirement! But you’re going to have to make sacrifices at some point, and the longer you keep this high interest debt the more it’s going to keep dragging down your finances.
Which is why, of course, we’ve stopped reading you.