159. “How can we raise 3 kids if she only makes $15k?”

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.6 • 3.1K Ratings

🗓️ 4 June 2024

⏱️ 83 minutes

🔗️ Recording | iTunes | RSS

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Summary

Caleb and Alex are both 27. They have one young child and foster two sisters, both of whom they intend to adopt soon. As children themselves, Caleb and Alex were immersed in missionary work in South America—an influence that colors how they see, feel, and act with money. This episode is brought to you by: Viator | Download the Viator app and use code VIATOR10 for 10% off your first travel experience with Viator. 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. 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. Masterclass | For unlimited access to every class and 15% off an annual membership, go to https://masterclass.com/ramit. Fabric by Gerber Life | Protect your family today with Fabric by Gerber Life. Apply today in just 10 minutes at https://meetfabric.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 • 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	Are you afraid of money right now?
0:06.4	Like in this very instant, yes.
0:09.1	I feel like we have a lot of potential
0:10.6	and if we can't get on the same page,
0:12.4	we're not gonna be able to realize that.
0:15.1	It's hard for me to even like think about that because I'm like well we're not there
0:21.5	that sounds nice sure I'd love that too.
0:24.0	It's like him saying like, I want us to fly to space.
0:27.0	Yeah, pretty close. I know that. I know what the problem is.
0:30.0	You do? I avoid money. Uh-huh. Why? Because it gives me anxiety. Why? Because I don't want to have the responsibility. Why? Why? Keep going, stay with me.
0:43.0	Because I can't trust myself.
0:45.0	Why?
0:46.0	Because I've never had to trust myself with money.
0:52.0	Now we're getting there. I do have to change. Our relationship is
0:57.7	suffering because of it and like our future is like on the line.
1:05.0	Meet Caleb and Alex. They're 27 years old, they live in Tennessee, and they are worried about their finances,
1:14.8	especially because of their growing family.
1:17.6	They have a two-year-old daughter and their foster parents about to adopt one and three-year-old sisters.
1:24.0	Now what's fascinating about this conversation
1:26.6	is how many stories they have about their perspective on money.
1:31.6	And some of those stories might not be true. You're also
1:34.3	going to hear about their fascinating religious background which has affected the
	...

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