"We have $11M in assets. Why are we still living month to month?"

We're considered a top percent wealthy people. However, there's a struggle to pay the bills. >> We do spend. We go out for dinner couple nights a week. We like to go away. >> You spend 30k a year on vacation >> at the least. Kids get allowances. >> How much is their allowance? >> 300 a week.

>> 300 a week. >> Yeah. >> The food is going up. Tuition bill goes up. And we have five [music] kids to pay tuition for. >> You have five kids in private school. >> We live in a community where everybody sends to one of three schools. >> What's the phrase? keeping up with the

>> Joneses. >> These numbers are very wrong. >> I don't know what I'm spending currently. >> He doesn't include me in the finances. He just gives me the brunt of his upset about it and his stress. We're definitely not on the same page. >> Not on the same page. Not making progress. [music] That's what I'm

hearing. >> Yeah. >> You are spending far more than you make every single month. >> Now it makes sense. >> Your understanding of reality is so out of alignment with the numbers. You have five kids. You have very high expenses. you are in serious trouble. [snorts] Deep down, a lot of us truly believe

that if we just earned more money, our financial problems would disappear. I've talked to so many people who think if I just made $10,000 more, $20,000 more, $100,000 more, everything would be fine and I would stop worrying about money. Are you starting to get it by listening to this podcast? We find out over and

over that this is simply not true. And today I'm talking to Margot and Kevin, 42 and 52 years old. They live in Brooklyn with their five children. And on paper they have an incredible financial life, but beneath the surface, they describe themselves as rich poor people. They spend virtually everything they make. They have very little set