Money For Couples with Ramit Sethi 214. “I’m 45 but my parents still control my money”
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Jun 24, 2025 A couple confronts the fallout of a poorly managed trust fund, revealing $5 million at risk due to high fees and emotional avoidance. They explore how childhood beliefs shape their financial identities, grappling with shame, fear, and the need for autonomy. Ramit encourages them to imagine a future where money empowers their dreams rather than controls them. Discussions touches on the balance of independence and parental influence, as they strategize to reclaim financial agency and redefine their relationship with wealth.
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Trust Fund Lost $5 Million
- Kate's trust fund was worth around $1 million after 30 years but should have been about $6 million investing in index funds.
- Fees, poor returns, and excessive trading devastated the value of this inherited trust over decades.
Investment Complexity Harms Returns
- Trust investments were overly complicated with too many funds and high fees that produced poor returns.
- Simplifying investments into broad index funds or a few target date funds usually performs better long term.
ESG Investing vs Returns Reality
- ESG investing often underperforms traditional indexes due to greenwashing and marketing gimmicks.
- People can align values with philanthropy rather than sacrificing investment returns for ethical funds.