169. “We flew to Lisbon for Taylor Swift, but my $5 beer is the problem?”

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.6 • 3.1K Ratings

🗓️ 13 August 2024

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Annie’s 39 and Emery is 43. Although they have a high combined income, Annie makes 5x more than Emery. This leads to frustration over small purchases, like an extra drink at dinner—while they’re on vacation in Europe. Emery also manages their two rental properties even though they earn $0. He’s desperate to sell, but Annie is convinced of their long term value. This episode is brought to you by: Mint Mobile | To get your new wireless plan for just $15 a month, go to https://mintmobile.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. Superhuman | Get a free month of lightning fast email at https://try.sprh.mn/ramitsethi. Babbel | For our listeners only, get 60% off your Babbel subscription at https://Babbel.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. 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

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0:00.0	In today's conversation, there's a distance between us in our communication.
0:04.0	We have very different relationships with money.
0:06.5	I like security, he's more entrepreneurial.
0:09.0	Meet Annie and Emory.
0:10.0	Annie is 39. She's an optimist.
0:12.0	How many cards do you have?
0:13.0	Too many. I don't even know. It did pay for our plane tickets, which is nice.
0:18.0	Emory is 43 and he's a dreamer. I just wanted to get out there and build something.
0:21.0	Every time I try to get something going,
0:23.3	I just felt like I had the rug pulled out from underneath me.
0:25.5	Their imbalance in earning is not letting them dream
0:28.6	about a shared rich life.
0:30.0	It's definitely been challenging,
0:31.5	knowing that I'm the sole person providing for the family.
0:35.3	I don't feel like I'm contributing the way I don't want to be a stay-at-home dad.
0:38.6	There's this feeling of unfair.
0:40.2	He's been in media five years and it hasn't really panned out what I don't want to be the breadwinner
0:45.1	They have never seriously talked about what they want their money to do and you have rental properties as well how many properties
0:51.1	They were being the regular rental. it's a lot of maintenance.
0:54.0	How much income do they produce every month?
0:56.0	We break even.
0:57.0	I didn't know it broke even.
	...

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