Money For Couples with Ramit Sethi 194. “$0 savings, $0 investments. Is it too late for us?” (Part 2)
12 snips
Feb 4, 2025 A couple grapples with financial fears, revealing deep-rooted issues that affect their spending habits. They humorously examine their dining expenses, uncover surprising truths about their financial behaviors. The discussion shifts to navigating toxic dynamics, emphasizing the significance of equality in financial decisions. As they explore joint finances and budgeting, the need for open communication and shared goals emerges. Insights into family influences shed light on their emotional connections to money, highlighting the journey toward financial stability together.
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Build Savings
- Prioritize building a savings account as a financial safety net.
- This is crucial, especially with children, to avoid getting stuck in a debt cycle.
Toxic Dynamics
- Parent-child money dynamics are toxic in relationships.
- Treating partners like adults fosters financial responsibility and improves intimacy.
Zero Savings
- The couple has no savings or investments despite a $150,000 combined income.
- Their current trajectory leaves them solely reliant on Social Security.
