180. "We have $30k in cc debt but insist on sending our son to private school"

9 snips

Oct 29, 2024

A couple grapples with $30k in credit card debt despite their impressive net worth. They explore the tension between financial responsibilities and the desire to provide private education for their child. Their differing attitudes towards money spark conversations about communication barriers and the emotional burden of financial stress. They share stories about money, values, and the importance of aligning family priorities with spending. Ultimately, they emphasize teamwork in achieving long-term financial stability.

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ANECDOTE

Past Financial Scars

Alexis describes her past financial scars from growing up with a single mom and previous relationships.
These experiences made her protective of her money and led to secretive financial behaviors.

INSIGHT

Lack of Communication

Despite being together for 17 years, Alexis and Olivia have avoided in-depth conversations about money.
This avoidance stems from Alexis's discomfort and Olivia's frustration with the topic.

ADVICE

Avoid Negative Narratives

Avoid creating narratives about yourself or your partner, like "not good with money."
These narratives can become self-fulfilling prophecies, limiting growth and communication.

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