120. “We have 3 kids, $1k saved, $0 invested. Is it too late for us?”

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.6 • 3.1K Ratings

🗓️ 5 September 2023

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ana is 31 and Gabriel is 29. They have three young kids and will be celebrating their tenth wedding anniversary soon. This episode deals with addiction and recovery work, therapy, deep family influences, and imbalanced money dynamics. His money mindset is stuck in the past—but she needs his help. This episode is brought to you by: DeleteMe | If you want to get your personal information removed from the web, go to https://joindeleteme.com/ramitfor 20% off. Long Angle | If you've made a lot of money and you're looking for a community of peers to turn to for advice, go to https://www.longangle.com to learn more. Facet | Get affordable, accessible financial planning with a flat fee membership. For a limited time, the $250 enrollment fee will be waived when you sign up at https://facet.com/ramit. Masterclass | For unlimited access to every class and 15% off an annual membership, go to https://www.masterclass.com/ramit. Connect with Ramit • Get the Podcast Newsletter and exclusive Q&A about the show • Get Money Coaching with Ramit • Download the Conscious Spending Plan • Get my New York Times best-selling book • Get my no-numbers journal • Other episodes • Instagram • Twitter • YouTube • Submit a question for the newsletter iwt.com/askramit 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	You know, recently, CMBC wrote about me and how I drive a 17 or 18-year-old car.
0:06.9	And a lot of people got mad at me.
0:08.8	Oh, for me, what's the point of being a millionaire if you drive an old Honda?
0:11.8	First of all, this Honda is sweet.
0:14.0	What's your problem?
0:15.5	But what was not mentioned is that I love to spend money on clothes.
0:20.4	I have a sweater that costs more than my car.
0:24.5	Now listen, I know that's crazy.
0:26.5	I know.
0:28.1	But for a lot of us, our rich life is crazy to other people as well.
0:33.5	And that is the whole point of my philosophy.
0:36.8	Your rich life is yours.
0:39.0	It's not mine.
0:40.4	It's not your parents or your friends.
0:42.3	It's what you want to spend money on extravagantly.
0:45.5	So this week on my podcast newsletter, I'm going to share 10 unusual rich life expenditures.
0:53.6	These are the crazy, surprising bewildering ways people are spending money on their rich
0:59.1	life because they know it's not anybody else's.
1:02.1	It is their own.
1:03.6	I want you to be inspired by these examples so you can create your rich life.
1:08.7	But to get these examples, you've got to go to IWT.com slash podcast newsletter.
1:14.7	This podcast newsletter goes out on Saturday, September 9th, and you cannot get it anywhere
	...

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