Money For Couples with Ramit Sethi 192. “We spend 98% of what we make—Where is it all going?”
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Jan 21, 2025 Justin and Deepika grapple with living paycheck to paycheck despite high earnings. They explore the mystery of where their money disappears and how to break free from credit card debt. Balancing a side hustle complicates their financial picture further. They discuss the importance of a shared financial vision and the impact of differing attitudes toward money in relationships. The couple seeks to transform their financial habits by implementing conscious spending strategies and holding monthly money meetings to enhance accountability.
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Untapped Potential
- Deepika worries about Justin's untapped side hustle potential.
- She sees it as a crucial financial resource for future goals like buying a home.
Stagnant Side Hustle
- Justin's side hustle, a recording studio, has been stagnant for 15 years.
- Family involvement and lack of focus hinder its progress.
Family Business Fallout
- Justin, his brother, and family bought a building for a studio.
- After paying it off, everyone lost interest, leaving Justin alone.
