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After talking to 60+ couples, Ramit reveals the #1 money issue that people deal with: feeling guilty. From what you heard as a child about money… to not being able to enjoy a vacation as an adult, Ramit breaks down the concept. Listen in as Ramit goes through his tactical approach to end money guilt and shame — once and for all. Want to dive in yourself? Download the Conscious Spending Plan, for free, to get started. Connect with Ramit https://www.iwillteachyoutoberich.com/podcast/ (Website) https://www.instagram.com/ramit/ (Instagram) https://twitter.com/ramit (Twitter) https://www.facebook.com/ramitsethi (Facebook) https://www.youtube.com/user/ramitsethi/featured (YouTube) https://www.linkedin.com/in/ramitsethi/ (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 https://forms.gle/pjYMaLeThJM3z9uN6 (here). Produced by http://crate.media/ (Crate Media). Mentioned in this episode: Money Coaching with Ramit Sethi http://IWT.com/moneycoaching (Join Money Coaching to get your money questions answered, directly by New York Times bestselling author Ramit Sethi. Learn more at IWT.com/moneycoaching.)
Amy and Andre are 42 and 34 respectively. They make $140k a year, but they admit they’re often waiting for payday. They’re buried in debt and can’t seem to make any progress, which is bringing serious anxiety and stress into their lives. Their biggest issue? Their fixed costs sit at 92% of their total income. We uncover all kinds of solutions as to how they might address this problem, but they struggle to grasp the reality of it all. What’s worse, they submitted their Conscious Spending Plan showing a -2% for guilt-free spending. They not only have no joy tied to their money, but on paper, they show it as a detractor on their lives. This is a serious problem—let’s see if we can get them on the right track. Connect with Ramit https://www.iwillteachyoutoberich.com/podcast/ (Website) https://www.instagram.com/ramit/ (Instagram) https://twitter.com/ramit (Twitter) https://www.facebook.com/ramitsethi (Facebook) https://www.youtube.com/user/ramitsethi/featured (YouTube) https://www.linkedin.com/in/ramitsethi/ (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 https://forms.gle/pjYMaLeThJM3z9uN6 (here). Produced by http://crate.media/ (Crate Media). Mentioned in this episode: Money Coaching with Ramit Sethi http://IWT.com/moneycoaching (Join Money Coaching to get your money questions answered, directly by New York Times bestselling author Ramit Sethi. Learn more at IWT.com/moneycoaching.)
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 https://www.iwillteachyoutoberich.com/podcast/ (Website) https://www.instagram.com/ramit/ (Instagram) https://twitter.com/ramit (Twitter) https://www.facebook.com/ramitsethi (Facebook) https://www.youtube.com/user/ramitsethi/featured (YouTube) https://www.linkedin.com/in/ramitsethi/ (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 https://forms.gle/pjYMaLeThJM3z9uN6 (here). Produced by http://crate.media/ (Crate Media). Mentioned in this episode: Money Coaching with Ramit Sethi http://IWT.com/moneycoaching (Join Money Coaching to get your money questions answered, directly by New York Times bestselling author Ramit Sethi. Learn more at IWT.com/moneycoaching.)
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 https://www.iwillteachyoutoberich.com/podcast/ (Website) https://www.instagram.com/ramit/ (Instagram) https://twitter.com/ramit (Twitter) https://www.facebook.com/ramitsethi (Facebook) https://www.youtube.com/user/ramitsethi/featured (YouTube) https://www.linkedin.com/in/ramitsethi/ (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 https://forms.gle/pjYMaLeThJM3z9uN6 (here). Produced by http://crate.media/ (Crate Media). Mentioned in this episode: Money Coaching with Ramit Sethi http://IWT.com/moneycoaching (Join Money Coaching to get your money questions answered, directly by New York Times bestselling author Ramit Sethi. Learn more at IWT.com/moneycoaching.) Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. https://iwt.captivate.fm/aym (Go to iwt.com/automate for the guide.)
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 https://www.iwillteachyoutoberich.com/podcast/ (Website) https://www.instagram.com/ramit/ (Instagram) https://twitter.com/ramit (Twitter) https://www.facebook.com/ramitsethi (Facebook) https://www.youtube.com/user/ramitsethi/featured (YouTube) https://www.linkedin.com/in/ramitsethi/ (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 https://forms.gle/pjYMaLeThJM3z9uN6 (here). Produced by http://crate.media/ (Crate Media). Mentioned in this episode: Money Coaching with Ramit Sethi http://IWT.com/moneycoaching (Join Money Coaching to get your money questions answered, directly by New York Times bestselling author Ramit Sethi. Learn more at IWT.com/moneycoaching.) Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. https://iwt.captivate.fm/aym (Go to iwt.com/automate for the guide.)
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 https://www.iwillteachyoutoberich.com/podcast/ (Website) https://www.instagram.com/ramit/ (Instagram) https://twitter.com/ramit (Twitter) https://www.facebook.com/ramitsethi (Facebook) https://www.youtube.com/user/ramitsethi/featured (YouTube) https://www.linkedin.com/in/ramitsethi/ (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 https://forms.gle/pjYMaLeThJM3z9uN6 (here). Produced by http://crate.media/ (Crate Media). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. https://iwt.captivate.fm/aym (Go to iwt.com/automate for the guide.) Money Coaching with Ramit Sethi http://IWT.com/moneycoaching (Join Money Coaching to get your money questions answered, directly by New York Times bestselling author Ramit Sethi. Learn more at IWT.com/moneycoaching.)
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 https://www.iwillteachyoutoberich.com/podcast/ (Website) https://www.instagram.com/ramit/ (Instagram) https://twitter.com/ramit (Twitter) https://www.facebook.com/ramitsethi (Facebook) https://www.youtube.com/user/ramitsethi/featured (YouTube) https://www.linkedin.com/in/ramitsethi/ (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 https://forms.gle/pjYMaLeThJM3z9uN6 (here). Produced by http://crate.media/ (Crate Media). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. https://iwt.captivate.fm/aym (Go to iwt.com/automate for the guide.) Money Coaching with Ramit Sethi http://IWT.com/moneycoaching (Join Money Coaching to get your money questions answered, directly by New York Times bestselling author Ramit Sethi. Learn more at IWT.com/moneycoaching.)
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 https://www.iwillteachyoutoberich.com/podcast/ (Website) https://www.instagram.com/ramit/ (Instagram) https://twitter.com/ramit (Twitter) https://www.facebook.com/ramitsethi (Facebook) https://www.youtube.com/user/ramitsethi/featured (YouTube) https://www.linkedin.com/in/ramitsethi/ (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 https://forms.gle/pjYMaLeThJM3z9uN6 (here). Produced by http://crate.media/ (Crate Media). Mentioned in this episode: Money Coaching with Ramit Sethi http://IWT.com/moneycoaching (Join Money Coaching to get your money questions answered, directly by New York Times bestselling author Ramit Sethi. Learn more at IWT.com/moneycoaching.) Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. https://iwt.captivate.fm/aym (Go to iwt.com/automate for the guide.)
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 http://iwt.com/moneymindset (iwt.com/moneymindset) → Money Mindset Mini Course http://iwt.com/guiltfree (iwt.com/guiltfree) → Conscious Spending Plan http://iwt.com/nomorefights (iwt.com/nomorefights) → Guide to How to Talk to Your Partner about Money http://iwt.com/house (iwt.com/house) → Ramit's 3 step guide to buying a house http://iwt.com/therichlife (iwt.com/therichlife) → Rich Life mini course  Connect with Ramit https://www.iwillteachyoutoberich.com/podcast/ (Website) https://www.instagram.com/ramit/ (Instagram) https://twitter.com/ramit (Twitter) https://www.facebook.com/ramitsethi (Facebook) https://www.youtube.com/user/ramitsethi/featured (YouTube) https://www.linkedin.com/in/ramitsethi/ (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 https://forms.gle/pjYMaLeThJM3z9uN6 (here). Produced by http://crate.media/ (Crate Media). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. https://iwt.captivate.fm/aym (Go to iwt.com/automate for the guide.) Money Coaching with Ramit Sethi http://IWT.com/moneycoaching (Join Money Coaching to get your money questions answered, directly by New York Times bestselling author Ramit Sethi. Learn more at IWT.com/moneycoaching.)
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 https://www.iwillteachyoutoberich.com/podcast/ (Website) https://www.instagram.com/ramit/ (Instagram) https://twitter.com/ramit (Twitter) https://www.facebook.com/ramitsethi (Facebook) https://www.youtube.com/user/ramitsethi/featured (YouTube) https://www.linkedin.com/in/ramitsethi/ (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 https://forms.gle/pjYMaLeThJM3z9uN6 (here). Produced by http://crate.media/ (Crate Media). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. https://iwt.captivate.fm/aym (Go to iwt.com/automate for the guide.) Money Coaching with Ramit Sethi http://IWT.com/moneycoaching (Join Money Coaching to get your money questions answered, directly by New York Times bestselling author Ramit Sethi. Learn more at IWT.com/moneycoaching.)
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 https://www.iwillteachyoutoberich.com/podcast/ (Website) https://www.instagram.com/ramit/ (Instagram) https://twitter.com/ramit (Twitter) https://www.facebook.com/ramitsethi (Facebook) https://www.youtube.com/user/ramitsethi/featured (YouTube) https://www.linkedin.com/in/ramitsethi/ (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 https://forms.gle/pjYMaLeThJM3z9uN6 (here). Produced by http://crate.media/ (Crate Media). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. https://iwt.captivate.fm/aym (Go to iwt.com/automate for the guide.) Money Coaching with Ramit Sethi http://IWT.com/moneycoaching (Join Money Coaching to get your money questions answered, directly by New York Times bestselling author Ramit Sethi. Learn more at IWT.com/moneycoaching.)
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 https://www.iwillteachyoutoberich.com/podcast/ (Website) https://www.instagram.com/ramit/ (Instagram) https://twitter.com/ramit (Twitter) https://www.facebook.com/ramitsethi (Facebook) https://www.youtube.com/user/ramitsethi/featured (YouTube) https://www.linkedin.com/in/ramitsethi/ (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 https://forms.gle/pjYMaLeThJM3z9uN6 (here). Produced by http://crate.media/ (Crate Media). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. https://iwt.captivate.fm/aym (Go to iwt.com/automate for the guide.) Money Coaching with Ramit Sethi http://IWT.com/moneycoaching (Join Money Coaching to get your money questions answered, directly by New York Times bestselling author Ramit Sethi. Learn more at IWT.com/moneycoaching.)
Katie and Cal are in their mid-twenties and, after moving around a bit, they live back home in Alaska with their young children. They bring in about $100k a year and have a good chunk of debt, about $25k of that they transferred to Katie’s mom for a better interest rate—a move which has hopelessly entangled her in their finances. What do you do when a family member who means well (they all do) oversteps the line? Listen in to hear how Katie and Cal come to terms with the truth—that her mom’s influence has got to go—and how they might start to enact that very difficult change in their lives. Connect with Ramit https://www.iwillteachyoutoberich.com/podcast/ (Website) https://www.instagram.com/ramit/ (Instagram) https://twitter.com/ramit (Twitter) https://www.facebook.com/ramitsethi (Facebook) https://www.youtube.com/user/ramitsethi/featured (YouTube) https://www.linkedin.com/in/ramitsethi/ (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 https://forms.gle/pjYMaLeThJM3z9uN6 (here). Produced by http://crate.media/ (Crate Media) Mentioned in this episode: Money Coaching with Ramit Sethi http://IWT.com/moneycoaching (Join Money Coaching to get your money questions answered, directly by New York Times bestselling author Ramit Sethi. Learn more at IWT.com/moneycoaching.) Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. https://iwt.captivate.fm/aym (Go to iwt.com/automate for the guide.)
In part 2 of Elena and Eric’s story, we learn about the deep emotional ties that Elena associates with the condo that’s draining their savings account—and why she’s so anxious about outside opinions in the event they decide to sell it.  To recap, they’re 25 and make $160k/year combined. They love to go to music festivals and bought a condo (with a down payment gift from their parents) about seven months ago. “Society” tells them that’s great, so they think they’re doing great. They’re not. Between transaction fees, mortgage, and maintenance, the purchase has bombarded them with phantom costs that require them to spend $2,000 a month from their savings to stay above water. At this rate, they’ll be broke in two years. No amount of cutting back on sushi or music festivals will solve this problem. This one’s all about money psychology. Eric and Elena have some tall emotional hurdles to get over before they can make the right decision and stand confidently in their truth to outsiders. Listen in to see if they can commit to selling their home and living their Rich Life.  Connect with Ramit https://www.iwillteachyoutoberich.com/podcast/ (Website) https://www.instagram.com/ramit/ (Instagram) https://twitter.com/ramit (Twitter) https://www.facebook.com/ramitsethi (Facebook) https://www.youtube.com/user/ramitsethi/featured (YouTube) https://www.linkedin.com/in/ramitsethi/ (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 https://forms.gle/pjYMaLeThJM3z9uN6 (here). Produced by http://crate.media/ (Crate Media). Mentioned in this episode: Money Coaching with Ramit Sethi http://IWT.com/moneycoaching (Join Money Coaching to get your money questions answered, directly by New York Times bestselling author Ramit Sethi. Learn more at IWT.com/moneycoaching.) Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. https://iwt.captivate.fm/aym (Go to iwt.com/automate for the guide.)
Elena and Eric are both 25. They live in Toronto, and they make $160k as a household. They love going to EDM festivals and spend thousands of dollars every year traveling to them—it’s their Rich Life! The problem is that they also own a condo that’s draining their savings at a rate of $2k every month. They’ll be broke in two years. Before this call, Elena and Eric made a pact that they would NOT consider selling their condo, no matter what I said. But we learn that they’re committed to keeping the condo for all the wrong reasons. What will it take for both of them to see the truth in their error? To admit a mistake and commit to moving on as a team? First, we need to see if either of them are even willing to budge on the subject. Listen in to find out. Connect with Ramit https://www.iwillteachyoutoberich.com/podcast/ (Website) https://www.instagram.com/ramit/ (Instagram) https://twitter.com/ramit (Twitter) https://www.facebook.com/ramitsethi (Facebook) https://www.youtube.com/user/ramitsethi/featured (YouTube) https://www.linkedin.com/in/ramitsethi/ (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 https://forms.gle/pjYMaLeThJM3z9uN6 (here). Produced by http://crate.media/ (Crate Media). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. https://iwt.captivate.fm/aym (Go to iwt.com/automate for the guide.) Money Coaching with Ramit Sethi http://IWT.com/moneycoaching (Join Money Coaching to get your money questions answered, directly by New York Times bestselling author Ramit Sethi. Learn more at IWT.com/moneycoaching.)
Kara and Sean make $150k annually, with $100k of that coming from Kara’s salary in healthcare. They have a baby daughter, and Kara would like to take a step back in her career in order to spend more time with her. The problem is, Sean’s happily (and hopelessly) stuck in a dead-end job. What do you do when one partner is passive when it comes to money? It’s so easy to make things personal, to escalate and unravel, but I steer this conversation to the numbers—where it’s illustrated, plain as day, what Sean needs to do.  But will he see it? And if he does, will he actually make any changes? Let’s see if I can get Sean to start dreaming bigger. Connect with Ramit https://www.iwillteachyoutoberich.com/podcast/ (Website) https://www.instagram.com/ramit/ (Instagram) https://twitter.com/ramit (Twitter) https://www.facebook.com/ramitsethi (Facebook) https://www.youtube.com/user/ramitsethi/featured (YouTube) https://www.linkedin.com/in/ramitsethi/ (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 https://forms.gle/pjYMaLeThJM3z9uN6 (here). Produced by http://crate.media/ (Crate Media). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. https://iwt.captivate.fm/aym (Go to iwt.com/automate for the guide.) Money Coaching with Ramit Sethi http://IWT.com/moneycoaching (Join Money Coaching to get your money questions answered, directly by New York Times bestselling author Ramit Sethi. Learn more at IWT.com/moneycoaching.)
Ashley and Charles are in their early forties and have been married for six years. Together, they have five children from previous relationships. They live in a high-cost-of-living area—but, collectively, they earn over half a million dollars per year. Because of Charles's investments and stock options, their income feels erratic, and Ashley is having a hard time making sense of it all. Ashley needs a better understanding of the family's finances to feel more at ease with their future, but a serious lack of transparency stands in the way. Have you ever felt like your partner was hiding something from you? Something big? And how long can two people stick it out when something as basic as trust is an ongoing issue?  This is a huge job. Ashley and Charles have a lot to work on, but nothing is impossible. I'm going to help them simplify their money, so they can stop worrying about their spending and start envisioning a Rich Life. Connect with Ramit https://www.iwillteachyoutoberich.com/podcast/ (Website) https://www.instagram.com/ramit/ (Instagram) https://twitter.com/ramit (Twitter) https://www.facebook.com/ramitsethi (Facebook) https://www.youtube.com/user/ramitsethi/featured (YouTube) https://www.linkedin.com/in/ramitsethi/ (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 https://forms.gle/pjYMaLeThJM3z9uN6 (here). Mentioned in this episode: Money Coaching with Ramit Sethi http://IWT.com/moneycoaching (Join Money Coaching to get your money questions answered, directly by New York Times bestselling author Ramit Sethi. Learn more at IWT.com/moneycoaching.) Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. https://iwt.captivate.fm/aym (Go to iwt.com/automate for the guide.)
Carolyn and Gavin have been married for ten years. They have three small children and bring in about $130k annually—with a healthy $500k in investments. So what’s the problem? Once we look closer, specifically at their obsession with money mechanics, we see a deeper issue. They learned these bad habits as members of the FIRE community, a lifestyle they’ve left behind but that continues to haunt their money mindsets to this day. To make matters worse, Carolyn has disassociated from the family’s money conversation completely. How do you work as a team when one member refuses to participate? And how can you reset your instincts related to saving and spending after so many years repeating bad habits? Listen in to find out. Connect with Ramit https://www.iwillteachyoutoberich.com/podcast/ (Website) https://www.instagram.com/ramit/ (Instagram) https://twitter.com/ramit (Twitter) https://www.facebook.com/ramitsethi (Facebook) https://www.youtube.com/user/ramitsethi/featured (YouTube) https://www.linkedin.com/in/ramitsethi/ (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 https://forms.gle/pjYMaLeThJM3z9uN6 (here). Produced by http://crate.media/ (Crate Media). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. https://iwt.captivate.fm/aym (Go to iwt.com/automate for the guide.) Money Coaching with Ramit Sethi http://IWT.com/moneycoaching (Join Money Coaching to get your money questions answered, directly by New York Times bestselling author Ramit Sethi. Learn more at IWT.com/moneycoaching.)
Sarah earns more than Andrew. They’re unmarried but imagine a future together, or would like to. The problem is that Andrew’s existing money scripts (and $65k in debt) have him frozen—unable to spend but also unwilling to seriously plan a way out. She wants to spend money on things like vacations, but he doesn’t feel like he can afford to spend. To make things worse, he feels terrible about money in general because that’s how his dad raised him—his presence looms over the conversation. We need to cut out the negative judgments and help Sarah see things from Andrew’s perspective. Then we can talk to Andrew about the mindset to overcome his past—and current—money issues. Connect with Ramit https://www.iwillteachyoutoberich.com/podcast/ (Website) https://www.instagram.com/ramit/ (Instagram) https://twitter.com/ramit (Twitter) https://www.facebook.com/ramitsethi (Facebook) https://www.youtube.com/user/ramitsethi/featured (YouTube) https://www.linkedin.com/in/ramitsethi/ (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 https://forms.gle/pjYMaLeThJM3z9uN6 (here). Produced by http://crate.media/ (Crate Media). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. https://iwt.captivate.fm/aym (Go to iwt.com/automate for the guide.) Money Coaching with Ramit Sethi http://IWT.com/moneycoaching (Join Money Coaching to get your money questions answered, directly by New York Times bestselling author Ramit Sethi. Learn more at IWT.com/moneycoaching.)
Today’s couple is actually on the same page when it comes to their Rich Life, but they’re not making much progress toward it. Alex brings in $70k from a full time job. Charlotte runs their joint business that isn’t making much money yet, but should be soon. They both know what they want, they just have different perspectives on how to get there. Despite their income recently doubling, they are living paycheck to paycheck—while outright ignoring over $200k in student loan debt. Charlotte believes the universe will take care of them … but when it doesn’t, Alex feels like he has to step in and fix everything. Charlotte is highly intuitive, but intuition alone won’t get you to a Rich Life—you also need to be able to analyze your situation. Hearing Charlotte and Alex work toward common ground may help you realize where you’re playing small in life by relying too much on one skill set while ignoring the other. Connect with Ramit https://www.iwillteachyoutoberich.com/podcast/ (Website) https://www.instagram.com/ramit/ (Instagram) https://twitter.com/ramit (Twitter) https://www.facebook.com/ramitsethi (Facebook) https://www.youtube.com/user/ramitsethi/featured (YouTube) https://www.linkedin.com/in/ramitsethi/ (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 https://forms.gle/pjYMaLeThJM3z9uN6 (here). Produced by http://crate.media (Crate Media). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. https://iwt.captivate.fm/aym (Go to iwt.com/automate for the guide.) Money Coaching with Ramit Sethi http://IWT.com/moneycoaching (Join Money Coaching to get your money questions answered, directly by New York Times bestselling author Ramit Sethi. Learn more at IWT.com/moneycoaching.)
Comments (2)

Ruby Smith

Monique's views are common in the Hispanic community. It has been my experience with my own friends that they have traditional views in all aspects of relationships and the men take on the role of provider and protector. I am X Gen but at least one of my friends is a millenial.

Nov 9th
Reply

Zach Schuman

Choosing to live a healthy lifestyle is an investment. I like to think of it as a trade off with medical expenses because it keeps me out of the doctors office and allows me meet any physical demand my rich lifestyle throws at me

Aug 5th
Reply
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