Practical Stoicism

Feed Drop: We spend 98% of what we make—Where is it all going

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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ANECDOTE

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.
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.
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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