[00:18:33] Ramit: Before we do work on some other reduction, I just want to look at the rest. Investments, you’re at 8%. All right, so you’re putting 400 bucks a month away into retirement, which is why you have $38,000 invested. All right, fine.
[00:18:47] Elizabeth: Yeah. That’s the only reason we have anything invested.
[00:18:50] Ramit: So what’s the lesson?
[00:18:52] Elizabeth: If I can’t see it go, then it’s fine.
[00:18:57] Ramit: If you want your money to go somewhere, you need to make it automatic. Whatever is left, you’re going to spend it. Might as well just be humble about it and admit it. Look, I have my own weaknesses. You put chips and salsa in front of me, I’m eating that whole freaking thing. I know that. I’m only going to eat at a Mexican restaurant when I know, ah, it’s going to be chips and salsa all night for Ramit.
[00:19:20] Elizabeth: Yeah.
[00:19:21] Ramit: I’m humble enough to know it. You got to be humble enough. It’s not about trying. It’s not about manually tracking in a notepad. None of that stuff matters. It’s about automating your money to go where you want it to go, simple as that. We need to get this number down to roughly 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 ever. That’s why it keeps accumulating. It just keeps getting worse.
[00:19:52] Ramit: Eating out. What else?
[00:19:54] Elizabeth: I would buy a lot of movies online.
[00:19:59] Ramit: What?
[00:20:00] Elizabeth: Like at $5 a pop, digital movies.
[00:20:04] Ramit: What?
[00:20:05] Elizabeth: That was something else I like to buy.
[00:20:06] Ramit: Wait, hold on. You have $185 a month in subscriptions. I presume 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’re buying on top of those.
[00:20:15] Elizabeth: Yes, I am. I stopped. Jon made me stop, so I did stop.
[00:20:20] Ramit: What’d you say, Jon?
[00:20:21] Jonathan: Can we really afford that? You need to stop. It all adds up.
[00:20:26] Elizabeth: No, he told me to stop. He said I wasn’t allowed to buy any more movies.