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Money For Couples with Ramit Sethi

11. “My wife wants to quit her job but I’m worried about money”

Money For Couples with Ramit Sethi

Ramit Sethi

Business, Relationships, Society & Culture, Investing

4.6124 Ratings

🗓️ 28 September 2021

⏱️ 38 minutes

🧾️ Download transcript

Summary

Nicole and John have already won the money game. Combined, they bring in $650,000 a year. But it's not an even split. Nicole currently earns $150,000 and would like to leave her stable job to create a startup. John feels this gamble has not been discussed at length. They keep talking about “having the conversation,” but they never do. Both complain that they’re not feeling appreciated. John yearns for acts of service from Nicole. Nicole feels like her contribution is never enough. (You will frequently hear the lower earner talk repeatedly about “contributing” to the relationship.) Listen as this anxiety slowly bubbles to the surface.  On John's side, the growing pile of money in his bank account is making him more paranoid than ever before. He worries he could lose it all -- like what happened when he was younger. The fear runs so deep, he doesn't even believe me when I use math to demonstrate they will be more than fine for the rest of their lives. On paper, Nicole and John have a rich life, but they're not fleshing it out together because of their fears, insecurities, and lack of communication. Listen in as I nudge them towards a Rich Life. 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.

Transcript

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0:00.0

In our current kind of jobs, you know, I am kind of the higher earner of the two of us.

0:10.6

There has been kind of a battle around, well, if you're not the majority provider in

0:15.6

this family, why are you kind of dedicating so much time to your job?

0:20.2

There's sometimes where, like, he tells me, why am I doing this if I'm the person that

0:25.9

provides the most and you are the person that works the most, you should be maybe doing

0:31.5

more for the house instead of me that I make more and I bring more to a table.

0:37.4

So I feel like it comes from there and then when he made the joke, I was like, okay, if

0:42.4

you don't want to support me, I can't do it myself.

0:48.3

My name is Ramit Sethi and this is the I will teach you to be rich podcasts.

0:52.6

My guests today are not and they're both higher earners, but between the two of them

0:57.6

burns more and this has placed them into a dynamic where until now he's had the majority

1:03.9

of the power when it comes to making household decisions.

1:07.5

You'll hear them describe that recently decided to quit her job and become an entrepreneur

1:13.7

and this has disrupted the normal dynamics of their relationship.

1:18.6

They came to me because they believed that they had an issue about entrepreneurship, her

1:24.6

decision to become one.

1:26.6

But as we peel the layers, you're going to discover through listening to these clues that

1:32.3

the real problem here is actually not about her becoming an entrepreneur.

1:35.8

It's about something much, much deeper.

1:39.2

Let's listen.

1:40.3

We're on a particular juncture in that is quitting her job to pursue a startup and

1:48.8

that of course brings conversations about money.

...

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