192. “We spend 98% of what we make—Where is it all going?”

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.6 • 3.1K Ratings

🗓️ 21 January 2025

⏱️ 102 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Justin (40) and Deepika (32) are stuck in a frustrating financial loop: despite their high income, they feel like they’re living paycheck to paycheck. Deepika dreams of buying a house someday, but the couple can’t seem to identify where their money is going—or how to escape the cycle of credit card debt. Justin has a side hustle that he’s eager to grow, but he’s struggling to get the same level of commitment from his business partners. For years, they’ve been focused on survival, not dreaming about the future. Now, they’re realizing that their lack of a shared vision for their finances is keeping them from the life they want. Can Justin and Deepika kick their old habits, create a better strategy for managing their money, and finally start living their Rich Life? This episode is brought to you by: Wildgrain | Get $30 off the first box - PLUS free Croissants in every box at https://wildgrain.com/ramit DeleteMe | If you want to get your personal information removed from the web, go to https://joindeleteme.com/ramit for 20% off. ZocDoc | Download the ZocDoc app for FREE at https://zocdoc.com/ramit then find and book a top-rated doctor today. Superhuman | Get a free month of lightning fast email at https://try.sprh.mn/ramitsethi 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 Links mentioned in this episode • Order my new book: Money for Couples Connect with Ramit • 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	Big news. My new book, Money for Couples, is officially out. Please go to IWT.com
0:06.8	slash money for couples and get a copy right now. It really helps, especially today and tomorrow.
0:12.5	Now, I wrote this book so that you and your partner can get on the same page with money,
0:16.8	even if one of you is a spender and one of you's a saver. Even if you worry about money and you're not sure how to get your partner to want to be a team
0:24.8	player with you, I give you word for word scripts and I help you create your rich life vision
0:30.5	together.
0:31.3	Get this book right now.
0:32.6	It's brand new at IWT.com slash money for couples.
0:36.8	On today's episode,
0:38.4	meet Justin and Deepika.
0:40.2	I'm thinking more about the future,
0:42.0	and I think Justin is very much thinking about now.
0:44.8	Justin is 40, Deepika is 32,
0:47.5	and they're caught in a cycle of credit card debt,
0:50.2	even though they have a high income.
0:52.4	It feels like we are living paycheck to paycheck, and it stresses me because we just have
0:58.4	the money we have, and then we wait for payday, and we do it all over again.
1:02.2	Justin has a side hustle that he wants to take to the next level, but his business partners
1:06.8	are not as invested as he is.
1:09.3	Me, my brother, and my family bought this building,
1:11.6	and then finally when we finally did paid off,
1:13.6	all of us kind of like went on a separate ways.
	...

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.