- The woman said that love had “taken him by surprise”
- She asked if she should call off the wedding.
- READ MORE: Australia has become a nation of debt slaves
The Barefoot Investor has shared some stern advice after a bride-to-be revealed she was considering breaking up with her fiancé after discovering his secret debt.
Renata wrote to financial guru Scott Pape saying she was “surprised by love” before discovering her fiance racked up a hefty $9,000 in debt from Afterpay and Uber Eats over two years, Herald of the sun reported.
“He consolidated this debt into a loan (at 17.5% interest!) and I only found out when I opened an email from a bank that neither of us uses (or so I thought),” she said.
‘I’m not sure what to do. I’m not going through with the wedding now, so we’ve probably lost $10,000 in deposits.
The woman added that the couple only has $14,000 in savings and lives in a house they own and doesn’t know if they should make it work or “cut their losses and run.”
But Barefoot Investor said that while the bride-to-be seemed financially savvy, she didn’t know what “kind” of person her fiancé was.
He said he was “willing to cut her some slack,” but encouraged the bride-to-be to make sure her finances were in line before making her decision.
“After all, maybe he racked up debts with Afterpay and Uber Eats by taking you out to dinner and dining with you?” he wrote.
The bride-to-be wrote to Barefoot Investor asking if she should cut her losses “and run” after discovering her fiancé’s hidden debt (pictured, a stock image of a bride).
Scott Pape, the barefoot investor (pictured), asked the woman to give “love a chance”
Pape said Renata’s fiancé might also have been “surprised by love” but might be “clueless” about finances, like many Australians.
‘My point of view? Let’s give love a chance,’ he wrote.
Instead, Barefoot Investor suggested that the bride-to-be should tell her fiancé what she sees in her financial future.
“It goes into all the terrifying details: a written-off house, a million-dollar super fund, private schools for the children,” he wrote.
“And then crush it with the following sentence: “I don’t want to marry you if we’re not on the same page financially.”
The financial genius claimed that she should show her fiancé her investment and savings book and that, based on his reaction, she could decide if a wedding is worth it.
“If he accepts it, hosts Barefoot Date Nights, and starts aggressively paying off his debts, you’ll know your financial values are aligned,” she wrote.
The woman’s fiance racked up $9,000 in debt after splurging on Uber Eats and Afterpay over a two-year period and took out a high-interest loan to consolidate his debt (Uber Eats app file photo).
But Barefoot Investor said if the woman’s fiancé doesn’t step forward, she’ll know what he values.
“And you can both move on and find people who are your type,” he wrote.
