Money For Couples with Ramit Sethi

Ramit Sethi
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7 snips
Sep 20, 2022 • 52min

61. “I am going to die in 5 years. Should I quit my job?” (Part 2)

In part two of Tom and Julie’s conversation, they start to see their reality for what it is—Julie may not have long to live, but she’s still working and is afraid to spend their millions on making memories with their young kids.After a double lung transplant in 2020, she’s healthy—but odds are not in her favor for a long retirement. Julie admits that, if she were counseling a friend, she’d tell them to leave the career behind and focus on experiences. But even that isn’t enough to spark action… and the clock is ticking.What would you do with millions of dollars in the bank and a short time to live? The answer seems obvious. To some, it isn’t so easy.Connect with Ramit Website Instagram Twitter Facebook YouTube Linkedin If you and your partner have a money issue and you want my help, I occasionally select a couple to work with, free of charge. Apply for my help here.Produced by Crate Media. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Sep 13, 2022 • 45min

60. “My health is in question, but I don’t want to stop making money” (Part 1)

Today’s conversation will shock you—point blank.Tom and Julie are in their early fifties and have two school-aged kids. Both are savvy with their investments, and they’ve amassed a $12 million dollar net worth in the process. But Julie’s still working. She thinks of the income as an added layer of safety and security in their lives—but at their level of wealth, they’re making more in interest than her salary could ever bring in. Their situation may sound like it’s black and white—but wait for the jaw-dropping moment that changes everything. And look for next week’s episode, part two, as Tom and Julie start to reckon with their true reality.Connect with Ramit Website Instagram Twitter Facebook YouTube Linkedin If you and your partner have a money issue and you want my help, I occasionally select a couple to work with, free of charge. Apply for my help here.Produced by Crate Media. Learn more about your ad choices. Visit megaphone.fm/adchoices
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8 snips
Sep 6, 2022 • 57min

59. “98% of our net worth is in real estate. Are we in trouble?”

Georgia and James bring a different problem to the table than we’re used to hearing about. In this one, we zoom in on where, exactly, their net worth has come from… and the real risks of these decisions.Having done well in the real estate market, Georgia and James just closed on a fourth property. The glaring issue is that they’re all located in the same neighborhood, amping up the risk of this investment class quite considerably.Georgia is becoming increasingly anxious in the shadow of this risk, urging a diversification from their overloaded 98% commitment to housing. James is not unwilling to hear the argument, which makes this episode more direct and tactical—I love it. There’s a lot to learn here.The biggest question we can ask in this case: Why are they even doing this? What is the end goal? Their answer paints a clear picture of what they need to do.Connect with Ramit Website Instagram Twitter Facebook YouTube Linkedin If you and your partner have a money issue and you want my help, I occasionally select a couple to work with, free of charge. Apply for my help here.Produced by Crate Media. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Aug 30, 2022 • 59min

58. “If we want to retire, we’d have to live on $36k”

This week’s conversation brings a slightly different perspective to the table. Michelle and Eric are in their fifties and are terrified that they’ve waited too long to invest for retirement. They’ve bickered about money for twenty-five years, narrowing their window of opportunity and adding a ton of personal baggage into the equation.Usually, part of the solution for most people is long-term investing. But with Michelle and Eric, time is not on their side. To complicate things, Michelle is defensive and triggered by even talking about money. She prefers to keep things focused on the math… but it’s much deeper than that.What would you do to overcome the very real hopelessness that many people of their age experience? Let’s see what happens.Connect with Ramit Website Instagram Twitter Facebook YouTube Linkedin If you and your partner have a money issue and you want my help, I occasionally select a couple to work with, free of charge. Apply for my help here.Produced by Crate Media. Learn more about your ad choices. Visit megaphone.fm/adchoices
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11 snips
Aug 23, 2022 • 1h 21min

57. “I feel ashamed about having another child because we’re still renting”

Rebecca and Joe have two young kids, and a third is on the way. They are renting at the moment and love the neighborhood they live in—but they both think they need more space to match their growing family. Should they keep renting? Buy a home? Move in with his parents? Their lease is up soon and the pressure is on (or so they think).To complicate things, we find out that their fixed costs, alone, make up for 105% of their take-home pay. As a refresher, I recommend spending no more than 60% on fixed costs. But they’re spending more than they make every month. Something’s got to give.They feel frustrated. They feel overwhelmed. They feel like failures as parents because they can't provide for their kids. There are many layers to this on both the financial side and the psychological side. Let’s dig in.Connect with Ramit Website Instagram Twitter Facebook YouTube Linkedin If you and your partner have a money issue and you want my help, I occasionally select a couple to work with, free of charge. Apply for my help here.Produced by Crate Media. Learn more about your ad choices. Visit megaphone.fm/adchoices
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6 snips
Aug 16, 2022 • 1h 2min

56. “We have $200,000, but we’re afraid to take a vacation”

Michelle and Dan are in their early thirties, and from the outside, they look like they’re in a great place financially. They make $225,000 annually, and they’ve saved $200,000 already. So, why do they feel so much dread, confusion, and fear about their money?Their philosophy has always been to save as much as possible… so they’re afraid to spend or invest. But they don’t realize how much they’re missing out on, and it’s not just investment returns.Michelle and Dan have thousands of dollars, but they’re afraid to take a vacation. Will they ever feel good about money? They could be living their Rich Life today—but only if they address the real, emotional reasons they’re stuck. Let’s see how they do.Connect with Ramit Website Instagram Twitter Facebook YouTube Linkedin If you and your partner have a money issue and you want my help, I occasionally select a couple to work with, free of charge. Apply for my help here.Produced by Crate Media. Learn more about your ad choices. Visit megaphone.fm/adchoices
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10 snips
Aug 9, 2022 • 45min

55. “My top 5 lessons from one year of interviewing couples about money”

Personal finance can seem complicated, but most issues are linked back to two core influences—how people think and feel about money. Where they land on those scales has a wide range of possible manifestations (skimping on frozen berries, anyone?). One year into the podcast, and a handful of these themes have become very clear. Tune in to this special solo episode as Ramit breaks them down. Check out the free resources below if any of these scenarios sound familiar to you—or you’re just ready to deepen your understanding of money and what it can do for you.Programs & Resources iwt.com/moneymindset → Money Mindset Mini Course iwt.com/guiltfree → Conscious Spending Plan iwt.com/nomorefights → Guide to How to Talk to Your Partner about Money iwt.com/house → Ramit's 3 step guide to buying a house iwt.com/therichlife → Rich Life mini course  Connect with Ramit Website Instagram Twitter Facebook YouTube Linkedin If you and your partner have a money issue and you want my help, I occasionally select a couple to work with, free of charge. Apply for my help here.Produced by Crate Media. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Aug 2, 2022 • 54min

54. “We grew up poor—but we could be millionaires” (Part 2)

Last week, in part one of my conversation with Austin and Annie, we got deeply personal about their upbringings and the invisible scripts they picked up as kids. I learned that they were passing bad money habits to their young daughter—continuing a cycle of generational poverty. Today, my goal is to move them out of that cycle by getting tactical with how they can turn things around. They’re young and make plenty of money to be comfortable—even multimillionaires—in their future. But we need to get the calculator out to make them believe it. Tune in as Austin and Annie see how it’s possible to go from generational poverty to generational wealth. Connect with Ramit Website Instagram Twitter Facebook YouTube Linkedin If you and your partner have a money issue and you want my help, I occasionally select a couple to work with, free of charge. Apply for my help here.Produced by Crate Media. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jul 26, 2022 • 48min

53. “We want to break the cycle of generational poverty, but we don’t know how” (Part 1)

Annie and Austin were both raised without knowing where their next meal would come from. They came to me looking for a way to break the relentless chain of generational poverty that they’ve experienced… and that they fear they’re passing on to their two young children.The good news is that it’s not too late for them, or anyone, to start making the right decisions and move toward a Rich Life they can be proud to pass on. They bring in about $130k a year in a low-cost region, and since they’re only in their twenties, they can expect to make more money as they get further into their careers.Annie and Austin have never been taught about money. So listen in as I meet them where they are: zero savings, $68,000 in debt, and no tools for managing their finances. Stick around next week for part two of this conversation, where we dig into the numbers and present long-term solutions. Connect with Ramit Website Instagram Twitter Facebook YouTube Linkedin If you and your partner have a money issue and you want my help, I occasionally select a couple to work with, free of charge. Apply for my help here.Produced by Crate Media. Learn more about your ad choices. Visit megaphone.fm/adchoices
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5 snips
Jul 19, 2022 • 1h 18min

52. “He hides purchases from me—and I let him”

Lisa and Jeff are in their forties and have a blended household. They had about a $300k net worth before they were awarded a $1.275M settlement in January of this year. What’s important isn’t the details of the settlement, but that they don’t know what to do with it.She doesn’t trust him—and for good reason. He opens lines of credit and makes secret purchases while also refusing to participate in financial planning, leaving Lisa to carry the burden. She’s looking for a teammate, but he’s happy to simply send her his paycheck and make jokes about their toxic dynamic.They’ve invested the windfall in a few places (yes, one of which is a bad financial advisor), but they lack a vision—and the communication to build one. Before they decide what to do with the settlement cash, they need to be honest with themselves, and with one another. That’s where I come in. Let’s see if we can bring some clarity to their situation. Connect with Ramit Website Instagram Twitter Facebook YouTube Linkedin If you and your partner have a money issue and you want my help, I occasionally select a couple to work with, free of charge. Apply for my help here.Produced by Crate Media. Learn more about your ad choices. Visit megaphone.fm/adchoices

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