Money For Couples with Ramit Sethi 172. “We saved for retirement but have no money to spend NOW” (Part 1)
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Sep 3, 2024 Michelle and Ryan struggle to balance their finances as spending consistently outstrips their income. The emotional dynamics of money management reveal underlying tensions, shaped by their childhood experiences. As they grapple with feelings of resentment and the pressure of saving for retirement, they confront the unsettling truth of their financial mismanagement. The discussion balances humor and gravity, highlighting the importance of aligning financial goals while navigating the complexities of family life and personal aspirations.
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Differing Financial Pasts
- Michelle and Ryan were in the same friend group when Ryan bought his house.
- Michelle made fun of Ryan's scramble to save a down payment, contrasting it with her own diligent saving habits.
Worrier vs. Avoider Dynamic
- Michelle focuses on negative feelings about money, resenting Ryan's past spending habits.
- Ryan, an avoider, refers to expensive impulse purchases as "toys."
Michelle's Childhood and Financial Insecurity
- Michelle grew up with financial scarcity and parental divorce, feeling like a burden.
- This led her to rely solely on herself and build her financial security independently.
