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Money For Couples

166. “I’m embarrassed—we hid $10,000 cash in our closet for 3 years”

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.63.1K Ratings

🗓️ 23 July 2024

⏱️ 82 minutes

🧾️ Download transcript

Summary

Christina is 37 and Noah 35. They’re married with one young son and another on the way. They earn a very high income, but their decisions are clouded by stress over money and over the future. Noah plays dream crusher while Christina spins them down a rabbit hole of negative outcomes. This episode is brought to you by: Shopify | Sign up for a $1 per month trial period at https://shopify.com/ramit. DeleteMe | If you want to get your personal information removed from the web, go to https://joindeleteme.com/ramit for 20% off. Trust & Will | Secure your assets and protect your loved ones. Get 10% off plus free shipping on your estate plan documents by visiting https://trustandwill.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. Next Level Wardrobe | Dress like an elevated version of you. Take a free styling quiz at https://nextlevelwardrobe.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 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

What if I want to buy a Gucci purse for a thousand dollars? I don't want to feel guilty because that was money I saved.

0:10.0

Whereas I'm just like, let me just amass all the money as much putting as possible and just avoid it and just forget about it for tomorrow.

0:17.0

Wrong. Meet Christina and Noah. They're in their mid-30s. She constantly worries about

0:29.0

money and he plays the role of the dream crusher in their relationship.

0:34.7

Now later in today's conversation you're going to hear me get really frustrated when they

0:38.7

continue repeating a story about their finances that is simply not true.

0:45.0

They're playing small and the question is can they actually change

0:50.0

the roles that they have created for each other and for their money.

0:54.0

Make sure to subscribe on YouTube and check out all the behind-the-scenes footage

0:59.5

that we air in today's episode. Now let's meet Christina and Noah.

1:04.0

I had just toured a facility and I loved it and I thought it was great. It was everything on paper that I thought we needed for our future kid.

1:18.0

So I addressed it like, you know, Noah, can we send our future baby to this facility and he was like okay that sounds great

1:28.0

But I knew that it was alarming because I knew the cost and so then I brought up well I've done the math of this and the math is very

1:36.0

alarming because not only is our son's care going to go up like our son is already three

1:41.8

his is going to go up a few hundred dollars a month which equates a few thousand.

1:46.5

But now the babies cost are several thousand more of course and so collectively we're spending what it like two-thirds of my income on child care.

1:57.0

I find that very alarming.

1:59.0

Did you use that word?

2:01.0

I probably did.

2:02.0

Okay. And what did you say? I don't remember that

2:05.0

exact moment but he probably deferred like let's talk about this later. He

2:08.4

wants to sit down and visualize the numbers. He wants to sit down and visualize the

...

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