177. “We’re stressed about cash flow—but I refuse to sell any of my 8 cars” (Part 2)
Oct 8, 2024
Jason and Megan's financial dilemma unfolds as they prepare for parenthood. With Jason reluctant to part with any of his eight cars, the couple grapples with debt payments and equal spending money. They emphasize the importance of aligning their financial goals and values for a healthy family future. The conversation highlights the need for open communication about finances while balancing personal desires with family responsibilities. As they navigate their financial landscape, intentional budgeting takes center stage in their plans.
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Prioritize Core Values
Focus on core values for the first year with a new baby, like quality time.
Prioritize these values over purely financial optimizations.
insights INSIGHT
Resistance to Change
Jason's instinct is to stick with the financial systems that brought him success.
Humans struggle to shift gears even when circumstances change, like becoming a parent.
question_answer ANECDOTE
The Eight Cars
Megan suggests selling some of Jason's eight cars to pay off debt.
Jason refuses, highlighting the emotional attachment to possessions.
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Money for Couples
Ramit Sethi
In 'Money for Couples,' Ramit Sethi addresses common money issues in relationships without using traditional budgets or restrictive plans. The book provides practical advice on stopping fights over money, getting both partners involved in finances, reconciling differences between savers and spenders, and taking control of debt. It includes real-world stories and strategies to help couples live a more adventurous, spontaneous, and generous life together.
Jason, 40, and Megan, 34, return to make a plan before Megan gives birth. Jason wants to pay off debt—but refuses to sell his 8 cars. Megan wants equal spending money—even though she’s making 0 income. They need to get on the same page before their family grows, but they’re running out of time.
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Money For Couples with Ramit Sethi 
