Practical Stoicism
Feed Drop: We spend 98% of what we make—Where is it all going
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.
18:36
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Quick takeaways
- Justin and Deepika's struggle with aligning their financial goals highlights the importance of cultivating a shared vision in relationships.
- The couple's high fixed costs consume 98% of their income, severely limiting their ability to save or invest for future aspirations.
Deep dives
Understanding Financial Struggles
Justin and Deepika face a tough financial reality despite earning a high combined income of $260,000 per year. They find themselves caught in a cycle of credit card debt and living paycheck to paycheck, which causes significant stress for Deepika. Their inability to identify where their money is going has hindered their ability to save and invest, leading them to question their spending habits. The couple's different approaches to money—Deepika's focus on planning versus Justin's focus on immediate enjoyment—adds to their frustration and confusion about their financial situation.
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