Money For Couples with Ramit Sethi 80. “If I add any more to our $50,000 credit card debt, he will ask for a divorce” (Part 1)
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Jan 31, 2023 AI Snips
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Debt Payoff Then Rapid Re-Accumulation
- Sarah and Kevin sold their house to pay off $130,000 of credit card debt and became debt-free briefly.
- Six months later they had re-accumulated about $50,000 in new credit card debt.
Reframe Emotional Money Talks
- Money conversations are loaded with emotion and shaped by upbringing, making objective planning hard.
- Ramit reframes the goal: aim for positive, forward-looking conversations rather than emotionless ones.
Childhood Money Turmoil Shapes Behavior
- Sarah describes growing up in a household where money fights and parental spending mismatches caused instability.
- She says that experience drives her desire to give her children a different financial life.