Money For Couples with Ramit Sethi

165. “I make 10x my husband’s income. Will we ever feel like equals?”

22 snips
Jul 16, 2024
Geena, a corporate attorney, and James, a musician, discuss navigating their 10x income disparity in Brooklyn. Topics include retirement investing, relationship equality, lavish travel expenses, and managing financial dynamics in high-income relationships.
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INSIGHT

Wealthy Couple Spending Habits

  • High earners often have low fixed costs as a percentage of income because basic expenses don't scale linearly with income.
  • This allows for significant investment and guilt-free spending.
ANECDOTE

Luxury Travel Habits

  • Gina and James spend $19 ,000/month on elaborate trips, including stays at luxurious hotels.
  • They take approximately five such trips per year.
ADVICE

High Income Solves Problems

  • Increase your income to solve many financial problems.
  • Plug the numbers into a Conscious Spending Plan to see the impact.
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