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Money For Couples with Ramit Sethi

21. Part 2: “I want to trust my wife with our money, but what if she blows everything?”

Money For Couples with Ramit Sethi

Ramit Sethi

Business, Relationships, Society & Culture, Investing

4.6124 Ratings

🗓️ 7 December 2021

⏱️ 53 minutes

🧾️ Download transcript

Summary

This is part two with Charles and Michelle. He has a net worth of well over $10 million but still uses someone else’s Netflix password. After 21 years, Michelle has reached her limit with his relentless cheapness. Charles is trying to rewrite his internal money story, but after years of playing the “I’m not the kind of guy who blows money on X, Y, Z,” card, he still worries about extreme what-if scenarios, driving Michelle to consider divorce. As you listen, think about the areas you’re afraid to spend money on. Ask yourself what your worry-free number is. Now, let’s try to get Charles and Michelle to meet halfway.  Connect with Ramit Website Instagram Twitter Facebook YouTube Linkedin 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

She would love, if I said, honey, you have a blank checkbook, do what you want.

0:10.6

Is that true, Michelle?

0:11.6

I would love him to take enough money that he needs.

0:14.4

He said he needs 150,000.

0:17.0

Take it.

0:18.0

Give me the rest.

0:19.0

I mean, literally, like you only need 150, you're netting 80,000 a month and you're questioning

0:25.5

my audible $12 subscription every day.

0:28.4

There's a problem here, you know, we file our taxes jointly and I had to sign for taxes

0:36.5

recently.

0:37.5

Couldn't believe my eyes.

0:39.2

I didn't even know how much we made.

0:41.0

I had to sign $175,000 per month.

0:45.2

My yard is in shambles.

0:47.6

There's no reason for this.

0:49.1

When we fly, we fly as basic economy as we can.

0:53.0

When we say in hotels, like he said, it's the cheapest.

0:56.1

Now we're not in motel six and we're not, you know, it's undyour straights, but it's

1:01.5

probably the quality if we made $100,000 a year and there's nothing wrong with that.

1:06.4

The problem is we make more.

1:08.5

The reason why I'm not giving a list is because it comes down to the words that he said before,

1:12.6

convincing, being thoughtful, being planful.

...

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