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Money For Couples

125. “He’s so afraid of money he can’t log into his own bank account” (Part 1)

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.63.1K Ratings

🗓️ 10 October 2023

⏱️ 58 minutes

🧾️ Download transcript

Summary

Meet Cristina and Ron. Cristina's 30, Ron is 45, and they've been married for four years. Cristina wonders why she's the one managing money in their relationship, especially when Ron is older and he should be thinking about his retirement. We discover shocking surprises in their spending. This episode is brought to you by: LMNT | Right now, LMNT is offering 8 single serving packets FREE with any LMNT order. This is a great way to try all 8 flavors. Get yours at https://drinklmnt.com/RAMIT. Rocket Money | Stop throwing your money away. Cancel unwanted subscriptions – and manage your expenses the easy way – by going to https://rocketmoney.com/ramit. Trade | Right now, Trade is offering our audience a free bag of coffee with any subscription at https://drinktrade.com/ramit. 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. 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

Click on a timestamp to play from that location

0:00.0

I never thought about the future like I was single until my mid to late 30s you know

0:07.9

before we got together my money was my money if I just wanted to go out with my boys

0:13.5

if I want to go out to Vegas if I want to go out drinking a couple of nights a week

0:17.4

as long as I had enough in my pocket that I could go do those things I was happy.

0:22.9

Now that we're together and our expenses are together I'm so scared of spending anything

0:28.8

because I don't want to lose it and what would you say you're feeling is toward money if you

0:33.1

hadn't described in a word. One word afraid and it scares me too and I feel like I can't tell him

0:40.4

I'm scared because I'm the one that manages it it puts a lot of pressure on me to like get my

0:47.5

things together when I feel like okay like I'm 30 I could make a little bit of a mistake but I feel

0:52.8

like I can't because he's 45 and I need to think about him because he's not thinking about himself

0:58.9

it makes me you know have doubts of our relationships sometimes.

1:06.5

Meet Christina and Ron Christina's 30 Ron is 45 and they've been married for four years.

1:12.6

Christina wonders why she's the one managing money in their relationship especially when

1:17.8

Ron is older and he should be thinking about his retirement. Now before I speak to couples

1:24.2

on this podcast I always get prepped but I have to tell you I was extremely surprised by a lot of

1:31.0

what I discovered in today's conversation. You're going to hear financial decisions that shocked me

1:37.2

and you're going to hear a lot of very very surprising money psychology. By the way speaking

1:43.4

of money psychology you ever notice when someone gets complimented on something they're wearing

1:47.4

and their automatic responses thanks I got it on sale that's just one of the many ways that we

1:53.6

play small with money and this coming Saturday October 14th in my newsletter I'm going to be

1:59.3

writing about five ways that we play small with money. Make sure you're on the list so you can

2:05.2

get this newsletter at iwt.com slash podcast newsletter. Okay let's get to the episode.

...

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