Ramit Sethi, bestselling author and expert on personal finance, shares his insights on navigating money matters in relationships. He emphasizes the importance of joint bank accounts, revealing how they can strengthen partnerships. Sethi defines the ultimate financial red flag for couples and discusses wedding budgeting, urging realistic financial planning. He also tackles the often-taboo topic of prenupts, advocating for open conversations about finances to foster trust and understanding in relationships.
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Early Money Conversations
Discuss money early in a relationship, especially during pivotal moments like trips or moving in together.
Ask about their upbringing and listen for clues about their financial values.
insights INSIGHT
Money and Breakups
Talking about money early rarely leads to breakups, even if one partner has debt.
Money should be an important factor in a relationship.
volunteer_activism ADVICE
Joint Bank Accounts
Use joint accounts for shared expenses and individual accounts for personal spending.
This promotes transparency and reduces financial misalignment.
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In 'Money for Couples,' Ramit Sethi addresses common money issues in relationships without using traditional budgets or restrictive plans. The book provides practical advice on stopping fights over money, getting both partners involved in finances, reconciling differences between savers and spenders, and taking control of debt. It includes real-world stories and strategies to help couples live a more adventurous, spontaneous, and generous life together.
I will teach you to be rich
Ramit Sethi
This book, updated for a new era, provides a simple and powerful 6-week program to manage finances. Ramit Sethi focuses on behavioral psychology to help readers save more, earn more, and automate their finances. Key lessons include focusing on big wins rather than small savings, automating financial tasks, and spending guilt-free on things you love while cutting back on unnecessary expenses. The book also covers topics like crushing debt, setting up high-interest bank accounts, and long-term investing in index funds.
The Algebra of Wealth
A Simple Formula for Financial Security
Scott Galloway
In 'The Algebra of Wealth,' Scott Galloway provides a comprehensive framework for achieving financial security. The book is divided into four main themes: Stoicism, Focus, Time, and Diversification. Galloway advises readers to follow their talent rather than their passion, optimize big economic waves, and use stoicism to develop better financial habits. He also emphasizes the importance of compounding interest, diversification, and tax planning. The book is written in Galloway's characteristic straightforward style and includes practical advice on building character, relationships, and a successful career[2][4][5].
Scott and Ed open the show by discussing the Surgeon General’s report linking alcohol and cancer, the ongoing ski patrol strike at Park City Resort, and Meta’s new board members. Then Ramit Sethi, bestselling author of “I Will Teach You to Be Rich” and the brand new book, “Money For Couples,” joins the show to discuss how couples should navigate their finances. He explains what he thinks is the ultimate financial red flag, and why he believes couples should have joint bank accounts. Ramit also breaks down how much couples should spend on weddings – and reveals what he thinks about prenups.
Prof G Markets 
