158. “We have $2M, why can’t we retire?” (Part 2)

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.6 • 3.1K Ratings

🗓️ 28 May 2024

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rob and Adrienne are nearing retirement but worried about having enough. In Part 2, we dig into their Conscious Spending Plan to reveal a massively successful investment strategy that remains shrouded by deep lingering fears, $3 questions, and hard-to-break bad habits with money. This episode is brought to you by: Rocket Money | Stop throwing your money away. Cancel unwanted subscriptions – and manage your expenses the easy way – by going to https://rocketmoney.com/ramit. DeleteMe | If you want to get your personal information removed from the web, go to https://joindeleteme.com/ramit for 20% off. Hatch | A million things don’t want you to sleep, Hatch does. Get $20 off a Hatch Restore at https://hatch.co/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. Superhuman | Get a free month of lightning fast email at https://try.sprh.mn/ramitsethi. Links mentioned in this episode • “We spent $80,000 more than we made last year” (Part 1) 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

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0:00.0	This episode is sponsored by my partners at FACIT.
0:02.2	FACIT is an SEC registered investment advisor.
0:04.7	The FACIT provided scenarios discussed are based on inputs provided by Rob and Adrian
0:08.8	and are based on industry standard assumptions.
0:11.0	Investing involves serious risks and past performance is not a guarantee of future performance or success.
0:16.0	My opinions are included and should not be interpreted as a recommendation or investment strategy, legal or tax advice.
0:22.0	The information provided is for illustrative and educational purposes only.
0:30.0	I kind of wish I had blown that money in the 90s. I'm hoping it lasts for 30 years.
0:35.2	That's the primary question, right? Will this money last for the rest of our lives?
0:40.4	Yeah. The biggest piece is the fear.
0:44.0	I mean, I just sort of hope that when we have a plan that we know what we can spend on all these trips,
0:49.0	that the fear will go away, but Ramee, you're skeptical.
0:54.0	Your emotion is not going away from numbers on a spreadsheet.
0:58.0	If that was going to happen, it would have happened about a million dollars ago.
1:01.0	The only way you actually get to do this and enjoy it is if you
1:05.7	learn to manage your fears Rob. Nothing else matters.
1:11.7	Adrian, why do you think we've avoided seeing a financial advisor who can answer our retirement questions?
1:20.0	I think because we already know the answers. Welcome to part two of my conversation with Adrian and Rob.
1:29.4	Adrian's 59, Rob is 62 years old, and they have one big question,
1:36.1	are we going to have enough? When I talk to people who are in their 50s and
1:41.1	beyond, this is the single biggest question that they have. in their
1:45.0	question and beyond, this is the single biggest question that they have. Like most people, Robin Adrian believe their question is about dollars on a spreadsheet.
	...

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