Feed Drop: We spend 98% of what we make—Where is it all going
whatshot 5 snips
Mar 18, 2025
A couple grapples with their finances, struggling to understand where their high income disappears. Amid credit card debt, they realize their differing financial perspectives are causing tension. The discussion dives deep into the emotional weight of financial responsibilities and the necessity for a shared vision. They analyze spending habits and confront escalating costs, like utilities and insurance, all while dreaming of a financial future together. The journey highlights the importance of proactive money management and communication in relationships.
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Family Business Complications
Justin's side hustle, a building intended to be a studio/venue, is entangled with family issues.
His brother lives there rent-free, hindering the business's progress and causing financial strain.
insights INSIGHT
Differing Financial Perspectives
Deepika manages finances and worries about the future, while Justin focuses on the present and feels less stressed.
This dynamic creates tension in their financial planning.
volunteer_activism ADVICE
Financial Awareness
Review your net worth, income, and expenses regularly to understand your financial situation.
Evaluate if your spending aligns with your income and goals.
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Hey everyone, Tanner here. Today I'm going to share something with you that's a little bit different. This is not an episode. This is what's called a feed drop.
A feed drop is when I feature a podcast I think you might like and then you listen to a little bit of it and if you like it you go find out more about it on your own. And this podcast is called Money for Couples.
If you have ever found yourself wondering as a couple, where is all our money going? You're definitely not alone. That is exactly what episode 192 of Money for Couples titled "We Spend 98% of What We Make, Where Is It All Going?" is all about. This episode dives into real stories and practical strategies that help couples stop money fights.
If you like it, you find it helpful and you want to hear the full conversation, just search for Money for Couples wherever you're already listening to this podcast right now.
Episode Description:
Justin (40) and Deepika (32) are stuck in a frustrating financial loop: despite their high income, they feel like they’re living paycheck to paycheck. Deepika dreams of buying a house someday, but the couple can’t seem to identify where their money is going—or how to escape the cycle of credit card debt. Justin has a side hustle that he’s eager to grow, but he’s struggling to get the same level of commitment from his business partners. For years, they’ve been focused on survival, not dreaming about the future. Now, they’re realizing that their lack of a shared vision for their finances is keeping them from the life they want. Can Justin and Deepika kick their old habits, create a better strategy for managing their money, and finally start living their Rich Life?