159. “How can we raise 3 kids if she only makes $15k?”
Jun 4, 2024
auto_awesome
Guests Caleb and Alex, parents fostering two sisters, share their financial struggles and upbringing in missionary work. They discuss budgeting, faith influences, family dynamics, and navigating financial goals as a couple with three kids. Insights on managing money, communication, and aspirations are highlighted in this engaging episode.
Growing up as Christian missionaries shapes Caleb and Alex's money beliefs.
Crafting empowering narratives can steer individuals towards fulfilling life paths.
Open communication and shared financial goals are crucial for strong couple relationships.
Deep dives
Caleb and Alex's Financial Worries
Caleb and Alex, a young couple from Tennessee, express concerns about their financial situation as they navigate life with two young daughters and foster sisters. Their differing perspectives on money and spending habits highlight challenges in aligning their financial goals.
Impact of Religious Background on Financial Views
The podcast delves into how Caleb and Alex's religious upbringing influences their beliefs about money. Growing up as Christian missionaries shapes their perceptions, with themes of trust, guilt, control, and aspirations woven into their financial interactions.
Personal Growth and Financial Decision-Making
Through open conversations, Caleb and Alex explore personal growth, trust issues, and financial decision-making within their relationship. The narrative reveals a complex interplay of past experiences, aspirations, and anxieties that influence their approach to money management.
Reimagining Life Stories
Taking control of the narratives we create for ourselves is essential. The podcast discusses the power of changing personal stories from settling for jobs out of convenience to creating better narratives that align with one's aspirations. By crafting empowering stories, individuals can shape their lives in more fulfilling ways, moving beyond limiting beliefs to pursue their desired paths.
Financial Partnership Evolution
The podcast delves into the dynamics of financial relationships within couples. It highlights the importance of shared visions and mutual involvement in financial decisions. By encouraging open communication and partnership in financial planning, couples can alleviate stress, strengthen their bond, and work towards shared goals effectively. The episode emphasizes the significance of actively engaging in financial discussions to build a secure and harmonious future.
Caleb and Alex are both 27. They have one young child and foster two sisters, both of whom they intend to adopt soon. As children themselves, Caleb and Alex were immersed in missionary work in South America—an influence that colors how they see, feel, and act with money.
This episode is brought to you by:
Viator | Download the Viator app and use code VIATOR10 for 10% off your first travel experience with Viator.
Netsuite | Get visibility to everything in your business one one place. Sign up and defer payments, with no interest, for six months at https://iwt.com/netsuite.
LMNT | Right now, LMNT is offering 8 single serving packets FREE with any LMNT order. This is a great way to try all 8 flavors. Get yours at https://drinklmnt.com/RAMIT.
Masterclass | For unlimited access to every class and 15% off an annual membership, go to https://masterclass.com/ramit.
Fabric by Gerber Life | Protect your family today with Fabric by Gerber Life. Apply today in just 10 minutes at https://meetfabric.com/ramit.