Money For Couples with Ramit Sethi 202. “She racked up $50K in debt — why should I trust her with money?”
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Apr 1, 2025 Emma and Dave, a high-income couple, grapple with $50K in debt and deep-seated trust issues over money. They embody a 'chaser/avoider' dynamic, complicating their financial planning. The discussion delves into emotional challenges, the impact of childhood experiences on financial beliefs, and the urgent need for openness. Listeners learn how to navigate financial decisions collaboratively while addressing personal accountability. The episode emphasizes the importance of aligning values with financial goals to foster healthier relationships.
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The Big Plan on the Wall
- Emma created a financial plan, but didn't include Dave in the process.
- Dave felt like a student being lectured, leading to skepticism and resentment.
Skepticism and Credibility
- Dave's skepticism stems from Emma's past financial struggles, making him hesitant to trust her plan.
- Ramit points out that Dave's lack of financial knowledge undermines his judgment of Emma's abilities.
The Ignorant Reassurer
- Recognize the "ignorant reassurer" dynamic, where one partner dismisses the other's financial concerns without engaging with the numbers.
- Address this by having both partners become knowledgeable and involved in financial decisions.
