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Money For Couples with Ramit Sethi
174. “We make $300k but spend like we make $1M”
Sep 17, 2024
In this engaging conversation, Forest, 40, and Kathleen, 43, reveal their struggle with $150k in credit card debt despite earning $300k. They discuss the psychological toll of financial stress and their adventurous lifestyle clash with money realities. The couple shares insights on communication and collaboration in financial planning, the impact of their upbringing on spending habits, and the need for a mindset shift. They explore practical strategies to reduce expenses and regain control over their finances while maintaining their relationship's strength.
01:17:56
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Quick takeaways
- Forrest and Kathleen's financial struggles illustrate the importance of recognizing debt realities while maintaining an adventurous lifestyle on a $300k income.
- Open, honest communication about money is essential for couples, as misunderstandings can arise from differing financial perspectives and avoidance habits.
Deep dives
Introduction to the Podcast Transformation
The podcast announces a significant transformation as it will be rebranded to 'Money for Couples' in September 2024, coinciding with the release of a new book on the same topic. Over the past three years, the host has engaged with numerous couples to explore their financial dynamics and shared insights toward achieving financial stability together. The podcast aims to help couples navigate their financial challenges, encouraging them to communicate openly about money and establish shared goals. The host emphasizes the importance of subscribing to continue receiving valuable content on couples and money.
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