260. "We’re in our 40s and forgot to invest. Are we screwed?"

Money For Couples with Ramit Sethi

Ramit Sethi

Business, Relationships, Society & Culture, Investing

4.6 • 124 Ratings

🗓️ 12 May 2026

⏱️ 117 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ramit Sethi of I Will Teach You To Be Rich talks to Nicole and Shane, an engaged couple in their forties getting married in just 11 days. Together they earn $241,000 a year, have a net worth of $588,000, and hold $265,000 in savings, but their financial lives are still tangled. Nicole has built a rich life around travel, dining out, and intentional spending, while Shane is a natural saver whose job has covered most of his living expenses. As they prepare for marriage, a future child, and a major shift in Nicole’s income, Ramit helps them confront the messy reality of combining money, separating business and personal finances, investing more aggressively, and turning vague dreams into a real shared Rich Life. In this episode we uncover: • Why Nicole’s $10,000-a-month spending shocked Shane early in their relationship • How Nicole built a “Rich Life” for one through travel, dining out, and dedicated savings • Shane’s unusual work setup where housing, food, and utilities have been covered • The tension of combining finances just 11 days before their wedding • Why Nicole feels judged for her lifestyle, even though her numbers are strong • Their combined income of $241,000 a year and net worth of $588,000 • Why Shane has a higher net worth despite Nicole earning slightly more • Nicole’s concern that her income could drop by half after having a child • How Nicole’s business and personal finances became dangerously tangled • Their surprisingly low fixed costs and unusually high savings rate • Why having $265,000 sitting in savings may actually be holding them back • Shane’s habit of trying to time the market when investing • Why their projected $1.7 million retirement portfolio may not be enough for the life they want • Ramit’s advice on turning their messy numbers into a shared financial vision before marriage ⏩ CHAPTERS (00:00:00) Teaser: “You spend $10,000 a month?” (00:01:02) Introduction: combining money before marriage (00:02:47) Nicole and Shane’s financial snapshot (00:06:53) Nicole feels judged by her lifestyle (00:08:50) Nicole’s Rich Life: travel, dining out, and $500 dresses (00:12:45) How marriage changes Shane’s living situation (00:15:38) Reviewing their Conscious Spending Plan (00:19:42) Their $241,000 household income (00:24:01) Ramit explains why letting the prenup discussion go was a mistake (00:27:20) Nicole’s business and personal finances are mixed together (00:35:00) The problem with saving 42% but under-investing (00:40:32) Nicole’s guilt-free spending doesn’t add up (00:45:26) Ramit explains the danger of tracking without understanding (00:48:53) Their retirement projection (00:50:13) Why $1.7M may not be enough (00:52:05) Reallocating savings instead of only cutting spending (01:20:12) Turning dreams into a realistic financial vision (01:47:11) Ramit’s final advice: use the time before income changes wisely (01:50:00) Follow-ups and closing thoughts This episode is brought to you by: Netsuite | Get the free guide “Demystifying AI” at https://netsuite.com/ramit LMNT | Get a free LMNT Sample Pack with any order at https://drinklmnt.com/RAMITFactor | Head to https://factormeals.com/ramit50off and use code ramit50off to get 50 percent off and free daily greens per box, with new subscription only, while supplies last until 09/27/2026. (See website for more details). DeleteMe | Get 20% off all consumer plans when you go to https://joindeleteme.com/ramit and use promo code RAMIT at checkoutGet 25% off my programs until Friday May 15th at iwt.com/programs with code RESET26. Connect with Ramit • Get my new book, Money For Couples • 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 Apply to be on my podcast at https://iwt.com/apply

Transcript

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0:00.0	Think about all the things that you said you would do this year back in January. Well, it's May now,
0:07.1	and I'm the one who's going to ask you, how are those things coming along? I don't mean to shame you.
0:12.5	I just want to help you get where you want to go this year. So if you are not where you thought
0:17.1	you would be by almost halfway through the year, the good news is it's not too late.
0:22.3	There's a simple concept that I teach inside my finisher's formula program called a contingency plan.
0:29.4	You decide in advance what you're going to do when things go wrong. Notice that I said when,
0:35.8	not if. And that's because we always know that life is going to get
0:39.3	in the way at some point. It starts with getting specific. You don't say, I want to start cooking for
0:44.9	myself. Instead, you say, I'm going to cook dinner twice a week. Way more specific. Then you plan what
0:51.2	will happen when you fail. Fill in the blank. If I miss a week, I will
0:56.1	what? If I get too busy, I will what? That's your contingency plan. This is just one tiny way
1:03.7	to make sure that you follow through with the things that you start. And this week, I'm opening up the
1:09.3	programs that I have built that can help
1:12.0	you finish the year differently, including finisher's formula. Go to IWT.com slash programs and use
1:19.6	code reset 26 to get 25% off select programs through this Friday, May 15th. These programs will help you make more money,
1:28.8	start a business, even learn how I delegate tons and tons of tasks to my executive assistant
1:35.3	every single week. Again, go to IWT.com slash programs and use code reset 26 for 25% off select programs, including many of my favorites.
1:47.7	That's IWT.com slash programs and use code reset 26.
1:52.5	You spend $10,000 a month?
1:57.0	Now that we're like combining finances, can I buy this like $500 dress now or how does this work?
2:03.6	That's where some of my apprehension comes in. How is this going to work with the amount of money that she spends?
2:11.6	According to this, you might be spending more than you make every single month.
	...

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