174. “We make $300k but spend like we make $1M”

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.6 • 3.1K Ratings

🗓️ 17 September 2024

⏱️ 82 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Meet Forest, 40, and Kathleen, 43, a couple living in California with two kids. Despite Forest’s $300k salary, they’ve racked up $150k in credit card debt. They want to maintain their adventurous lifestyle, but the reality of their finances is catching up. Can they change their mindset on money before it’s too late? 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. Mint Mobile | To get your new wireless plan for just $15 a month, go to https://mintmobile.com/ramit. Masterclass | For unlimited access to every class and 15% off an annual membership, go to https://masterclass.com/ramit. Shopify | Sign up for a $1 per month trial period at https://shopify.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. Links mentioned in this episode • Pre-order my upcoming book: Money for Couples Connect with Ramit • Pre-order my upcoming book: Money for Couples • Get the Podcast Newsletter and exclusive Q&A about the show • Sign up to attend a live event on my book tour • 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	I have an announcement to make about this show.
0:02.0	Now for the last 20 years through the I will teach you to be rich book and website,
0:05.8	I have been helping people take control their money and for the last three years I've been helping couples on this
0:11.1	podcast get rich together.
0:13.4	Now as you can tell I love what I do on this podcast.
0:17.2	I've spoken to over 175 couples on this show
0:20.2	from all walks of life, whether they're trying to get out of debt, reverse
0:23.9	generational patterns with money, or they just want to get on the same page and
0:27.7	live their rich life together. In January 2025, my new book, Money for for Couples is coming out.
0:35.0	Now it only makes sense that starting Tuesday, September 24th,
0:38.0	this podcast will be called The Money for Couples Show.
0:42.0	So please do me a favor. If you love this show, you want to keep
0:45.4	hearing juicy stories about couples and money. Please make sure you subscribe on Apple
0:50.0	Podcast, Spotify, YouTube, or wherever you watch this podcast.
0:54.2	And thank you so much for listening and watching.
0:56.8	I can't wait to show you more of what we've been working on.
1:00.0	On today's episode, we can't afford it as a phrase that we need to add to our vocabulary.
1:05.3	My first instinct is like let's not worry about it, it'll all work out.
1:08.8	Meet Forrest and Kathleen.
1:10.3	We're richer than 99% of the world's population. We have such a good life except they are drowning in credit card debt
1:16.9	We think everything is rosy if one card were to tip that could smack us in the face
1:21.9	We can't trust ourselves with credit cards.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramit Sethi, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramit Sethi and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.