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Money For Couples

161. “He hid $77k in CC debt from me—but can’t tell me what he bought”

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.63.1K Ratings

🗓️ 18 June 2024

⏱️ 80 minutes

🧾️ Download transcript

Summary

Jim and Dana are 58, five years into their second marriages, and coping with changes in their new lifestyle in different ways. Jim is set on providing as he follows patterns from his past, hiding tens of thousands in debt. Dana daydreams of her past in California—and the lifetime of alimony she passed up. This episode is brought to you by: Superhuman | Get a free month of lightning fast email at https://try.sprh.mn/ramitsethi. Mint Mobile | To get your new wireless plan for just $15 a month, go to https://mintmobile.com/ramit. Claritin | Visit https://claritin.com right now for a discount so you can get allergy relief and live Claritin Clear. Babbel | For our listeners only, get 60% off your Babbel subscription at https://Babbel.com/ramit. DeleteMe | If you want to get your personal information removed from the web, go to https://joindeleteme.com/ramit for 20% off. Links mentioned in this episode • Socioeconomic mobility in the United States (Wikipedia) 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

She said if you spend one dollar without talking me about it, that's it.

0:10.0

You've hidden 77,000 and you come to me now because it had happened three times.

0:16.3

I just thought maybe I'm throwing good money after bad.

0:19.9

I felt like I made it too easy.

0:28.2

And so I'm afraid that it could happen again. I'm afraid to trust him with the money.

0:31.6

If you had to describe how you think she feels right now what would you say?

0:36.5

Exactly how she said absolutely betrayed. This is my previous life.

0:43.0

This is what I thought I was getting away from.

0:45.0

I know what it's like not to trust somebody and it's extremely hard to get that back

0:50.0

and we have less time to earn trust back.

0:53.0

So where'd the money go?

0:54.6

That's what I want to know.

0:56.0

Me too. Today I get the chance to speak to Dana and Jim. They're both 58 years old, both nearing

1:10.1

retirement and they're worried if they will have enough. This is the second marriage for both of them.

1:14.3

One of the reasons I love this podcast is I get to share stories from people in all

1:18.9

different parts of life. Young, old, millionaires, people with $200,000 of debt, gay, straight, immigrants, people

1:27.0

who live all over the world. My hope is to show you how similar we all are when it comes to money.

1:34.0

And I also hope that you will listen to these couples and apply their lessons to your own life.

1:40.0

For example, when I speak to older couples, they're giving us the gift of a crystal ball

1:44.4

into our own future so that we can learn from their journey and decide which lessons we want to apply.

1:51.4

Now for Dana and Jim, there's something shocking that happened

1:54.2

that broke their financial trust and they realized it as they were filling out

...

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