142. “We have a $2.3M net worth—but we cut coupons”

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.6 • 3.1K Ratings

🗓️ 6 February 2024

⏱️ 90 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Brian is 56 and Rachel is 51 and they’re both lawyers. She’s lost thousands on a financial advisor and he can’t stop paying his daughter’s rent. Brian wants to retire soon, but the thought of losing his income has Rachel in a panic about whether they would be able to maintain their lifestyle. This episode is brought to you by: Trade | Right now, Trade is offering our audience a free bag of coffee with any subscription at https://drinktrade.com/ramit. Thinkific | The same platform I use to build online courses online https://thinkific.com. 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. Netsuite | Get visibility to everything in your business one one place. Sign up and defer payments, with no interest, for six months at https://iwt.com/netsuite. Eight Sleep | For a better, smarter sleep, go to https://eightsleep.com/ramit for $200 and free shipping. Connect with Ramit Get the Podcast Newsletter and exclusive Q&A about the show Get Money Coaching with Ramit Download the Conscious Spending Plan Listen to my book—now on Audible 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	You wrote the application, correct?
0:05.0	I did, yes.
0:07.0	So some of the words you used were awful arguments, sad, seemingly insignificant, frozen, paralyzed, it's like I can't breathe.
0:21.0	I'm actually shocked. He's been able to kind of juggle the money as he has been able to
0:28.4	to but recently Brian has talked about retiring early within the next year and a half.
0:37.0	That has completely paralyzed me and the fight was awful.
0:42.0	Since I don't know anything about his income,
0:44.0	I don't know if we're prepared.
0:48.6	And I am the saver.
0:49.8	I am the planner.
0:51.3	I don't want to lose this life that I have. I love it. We love it and I don't want it to go away. Meet Brian and Rachel.
1:05.8	Brian is 56, Rachel is 51.
1:08.8	They're both lawyers.
1:10.0	This is Brian's second marriage and he has two 22-year-old daughters.
1:15.0	Now Brian recently mentioned that he wants to retire in the next two years,
1:20.0	which caused Rachel to start panicking about their finances.
1:24.0	In today's conversation, I want you to listen closely for ways to apply these lessons to your own finances.
1:31.0	I think you're going to hear how our money psychology shrinks our view to only
1:36.7	consider one or two options, but I also think that you're going to hear how you can expand your vision of what's possible.
1:44.1	And if you could do that, you'll often find creative ways to live a rich life.
1:48.8	I have to tell you that I really enjoyed this conversation, so listen in as we meet Rachel and Brian.
1:54.8	The one thing that got us into this huge argument was about money and it was crazy it was like we were
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramit Sethi, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramit Sethi and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.