AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Intro
This chapter explores the myths of renting versus owning a home while breaking down the math behind mortgages. It categorizes individuals into four money types—avoiders, optimizers, dreamers, and warriors—to show how these attitudes influence financial decisions and behaviors.
Master your money, revolutionise your relationships, and live a rich life with personal finance expert Ramit Sethi.
Ramit Sethi is the host of the Netflix series ‘How to Get Rich’ and author of the best-selling book, ‘I Will Teach You to Be Rich’. He is also founder of the podcast, ‘Money For Couples’.
In this conversation, Ramit and Steven discuss topics such as, how to create your vision for a rich life, why you should rent rather than buy a house, the best money talks to have with your partner, and the top 3 money red flags in a relationship.
00:00 Intro
01:35 Why People Should Care About This Conversation
02:25 What Has Ramit Learned About Money And Relationships
04:10 Differences Between Men And Women's Spending Habits
05:40 What Are The Sources Of Arguments In Relationships
07:14 Women Earning More Causes Problems
11:47 You Don't Need To Buy A House To Be Successful
14:18 Should Men Remain Single?
15:39 Who Should Pay For The First Date?
18:09 Should Men Be Chivalrous?
19:45 What Are Financial Red Flags?
20:51 The Money Types – Avoider
22:17 The Optimizer
24:31 The Worrier
26:14 The Dreamer
27:29 Which Money Type Lives A Happier Life?
29:14 Do You Know How Much Your Partner Makes?
31:32 Should You Keep A Bad Financial Situation A Secret?
36:00 Are Prenups A Good Thing?
42:44 Do We Need A "Money Guy"?
43:59 Red Flag: They're Cheap
45:24 Robert Kiyosaki's Advice Is Rubbish
46:36 What Makes A Worrier?
48:14 What Is A Rich Life Vision?
52:32 Merging Finances As A Couple
58:15 Should You Sweat The Small Stuff?
01:00:13 Is Buying A House Financially Savvy?
01:03:59 Why Is It Hard To Buy A House In 2024?
01:07:13 A Better Use Of Money Than Buying A House
01:14:04 Alternatives To House Buying For Investments
01:16:16 Uncovering Finances And The Shock It Can Have
01:22:19 Should You Make A Budget?
01:24:01 How Do We Teach Our Kids About Money?
01:27:16 Should We Let Our Kids Enjoy Our Wealth?
01:28:23 How To Raise Kids Without Spoiling Them
01:29:34 How To Educate Your Kids If They Want To Be Wealthy
01:31:54 The Principles Of Wealth Creation
01:33:57 How Much Money Do You Need To Start Investing?
01:35:27 Gambling In Relationships
01:36:46 Money Issues Destroying Marriages
01:38:09 Steven's Parents' Money Mystery
01:39:23 If You Have Enough, Why Continue?
01:40:01 What Ramit Would Do With A Surprise $100M
01:41:55 What People Love To Spend Their Money On
01:47:01 The Guest's Last Question
Follow Ramit:
Instagram - https://g2ul0.app.link/36K8W7SVBNb
Twitter - https://g2ul0.app.link/A0YgzpVVBNb
Website - https://g2ul0.app.link/UyeTgBYVBNb
You can pre-order Ramit’s book, ‘Money For Couples’, here: https://g2ul0.app.link/L532luaWBNb
Watch the episodes on Youtube - https://g2ul0.app.link/DOACEpisodes
My new book! 'The 33 Laws Of Business & Life' is out now - https://g2ul0.app.link/DOACBook
You can purchase the The Diary Of A CEO Conversation Cards: Second Edition, here: https://g2ul0.app.link/f31dsUttKKb
Follow me:
https://g2ul0.app.link/gnGqL4IsKKb
Sponsors:
WHOOP - https://join.whoop.com/CEO
Colgate - https://www.colgate.com/en-gb/colgate-total
Learn more about your ad choices. Visit megaphone.fm/adchoices
Listen to all your favourite podcasts with AI-powered features
Listen to the best highlights from the podcasts you love and dive into the full episode
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
Listen to all your favourite podcasts with AI-powered features
Listen to the best highlights from the podcasts you love and dive into the full episode