[00:48:01] Ryan: Yeah. We are making it. We’re not struggling to put food on the table. We’re not telling our kids they can’t go to the waterpark for their birthday. You know what I mean? We are making it.
[00:48:14] Kenna: However, some of those purchases though were made out of credit cards.
[00:48:17] Ryan: Yeah, credit cards.
[00:48:18] Kenna: And that’s what I was going to say. We make enough money to pay all of our bills, but if we didn’t have credit card bills, we would have a lot more.
[00:48:28] Ryan: Yeah, things would be a lot. We would be able to–
[00:48:31] Ramit: Wait. I’m not sure I can buy the thing of like, we’re making it, but we have over $30,000 in credit card debt.
[00:48:43] Kenna: Yeah.
[00:48:44] Ramit: That’s not making it.
[00:48:45] Kenna: No, I totally agree with you.
[00:48:48] Ramit: What does making it mean to each of you? Ryan, what’s making it mean?
[00:48:56] Ryan: I could go to that restaurant without even thinking about it. Just walk right in and get my meal.
[00:49:02] Ramit: Okay. Kenna, what does making it mean to you?
[00:49:05] Kenna: Being able to save enough that I can retire early.
[00:49:08] Ramit: Okay. Um, Ryan, hearing your definition versus Kenna’s definition, what do you notice?
[00:49:19] Ryan: Uh, my definition is very small.
[00:49:21] Ramit: Yeah. It’s so small that it’s a speck in the landscape of a rich life. To be able to go out to a restaurant, yes, I can see why it’s important. When I was in my early 20s, I wanted to be able to go and order appetizers because when I was a kid we couldn’t do it. So I totally get what you’re saying. I totally, deeply understand it. But I also think now, especially at the age of 45 with two kids, there’s got to be more to a rich life or more to making it than just to be able to go to a restaurant.
[00:50:00] Ryan: That would be amazing.
[00:50:01] Ramit: Mm-hmm.
[00:50:03] Ryan: And the retiring early, I don’t know, I’ve been pretty sloppy, so I’m already 45. Probably going to have to work this one out and, uh, I don’t know. I mean, just not having a whole lot when I’m a kid. I’m super satisfied, if we could sell this house and buy a nicer house than this one and just be chilling on the rocking chairs, that would be enough for me.
I mean, I would feel rich at that point. And I mean, I know it’s a different definition than a lot of people’s rich, but I would feel rich having the same house for our kids to come back to in college, which Kenna and I do not have. We can’t go back for the holidays to our house and go to our old rooms. I’d like to have that for our girls. That would make me feel like I’m living a rich life.