Ep. 218 - Biggest Financial Mistake Costing You A Million Dollars

In this eye-opening episode of Thriving in Tandem, Robert and Kay Lee share the single most common money mistake keeping countless married entrepreneurs from building real wealth: debt. Fresh off the facilitation of a financial stewardship workshop, they dig into how everyday debt—often justified or ignored—is quietly stealing your financial future. But here’s the good news: the solution is simpler than you think. Spoiler alert: You have to listen til the end.

You’ll learn how debt is not just a financial burden, but a barrier to freedom, peace of mind, and legacy-building. Whether it’s credit cards, car loans, or payday advances, this conversation explores the hidden costs of “buy now, pay later” culture and how breaking that cycle can unlock wealth potential that most couples never realize. They even run the numbers—showing how just $500/month invested wisely could grow into $1 million over time.

If you’ve ever said, “We don’t have enough to invest,” this episode will challenge that belief—and show you exactly how to create margin, eliminate debt, and finally start building long-term wealth together. Practical tips, real-life examples, biblical wisdom, and a strong dose of encouragement await.

Want to live a better balanced life and win in marriage AND business at the same time? Purchase our (audio) book Tandem: The married entrepreneurs’ guide for greater work-life balance. https://www.thetandembook.com/

Download the 5 Daily Habits to Thrive in Tandem https://marriedentrepreneur.co/5-daily-habits-download 

Need some insight into how to balance it all? Schedule a free discovery call. https://marriedentrepreneur.co/lets-talk

Debt Repayment Calculator https://www.crown.org/all-resources/debt-snowball-calculator/

Investment/Retirement Calculator https://www.crown.org/all-resources/?cat=economy-investing&type=calculator 

Key Takeaways:

• Debt is the true wealth killer. The average American carries over $20,000 in consumer debt, costing $1,500/month—money that could be building your future.

• Delayed gratification wins. Saving and paying cash—especially for big-ticket items like cars—can save you thousands and put you on the fast track to financial freedom.

• Simple strategy, massive results. The debt snowball method helps you eliminate debt faster than you think, freeing up cash for giving, investing, and enjoying life.

• Building wealth is more doable than you think. Just $500/month invested at 10% can become $1 million over 30 years—yes, really.

Freedom from debt brings peace. No matter the economy, having no payments gives you breathing room, confidence, and options.