162. “We panic over money—but spend $84K/year on travel and shopping”

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.6 • 3.1K Ratings

🗓️ 25 June 2024

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Paul, 33, and Maddie, 29, joined us in New York City for a live-recorded episode. She is a high earner, but worries about lifestyle creep. He recently left his job, and they’re treading water on one income. This episode is brought to you by: Fabric by Gerber Life | Protect your family today with Fabric by Gerber Life. Apply today in just 10 minutes at https://meetfabric.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. Masterclass | For unlimited access to every class and 15% off an annual membership, go to https://masterclass.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. 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. 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	I'm coming to San Diego on my next tour date. I'm going to be there July 1st and tickets are on sale right now at IWT.com slash San Diego.
0:10.0	My previous events were in New York, Philly and Boston. I brought couples up on stage, just like the
0:16.6	podcast, but live and you get to hear exactly what's going on in their financial lives.
0:22.2	There is nothing like it and you're going to find me in San Diego, July 1st. Get your tickets now at IWT.com slash San Diego.
0:31.0	That's IWT.com slash San Diego. I'll see you there. Hey I want to get your help because it's my
0:36.7	birthday this weekend and I want to do a challenge together. I don't need any gifts. I don't
0:41.4	want an umbrella. I want to do a generosity challenge that
0:45.7	means I want to challenge you to be incredibly generous over the next three days maybe
0:51.4	it means you leave a 35% tip at a restaurant. Maybe it means you write a big
0:56.1	check to your friend's charity fundraiser. Or it doesn't even have to involve money. Maybe you
1:00.7	offer to babysit for your sister so she and her partner can finally go out on a date night.
1:05.0	Whatever it is though, I want to challenge you to use your time and money to live a rich life.
1:12.0	And when you do that, take a picture of it, share it on
1:15.0	social media with me. Tag me and use the hashtag Rameth Generosity Challenge.
1:19.9	I'm going to be collecting and sharing some of the best examples and the single best example
1:26.1	you win a VIP ticket to one of my events coming up in the next few months.
1:31.5	I'll be sharing all these examples on social media.
1:34.1	Just remember it's from now, today, until Sunday, June 30th.
1:38.2	Share your example of generosity and tag me and use hashtag Ramith Generosity Challenge.
1:44.0	I have sort of a constant fear of getting laid off.
1:51.0	It's like a recurring nightmare because I just feel so much
1:54.9	pressure that I am the only one bringing in an income. I deal with it by putting a lot
	...

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