4.6 • 3.1K Ratings
🗓️ 1 February 2022
⏱️ 60 minutes
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0:00.0 | Before we get back to the episode, I want to make sure you know about something that I'm sending out this Saturday. |
0:05.0 | You know, when I was in my 20s, I spent money like a lot of people in their 20s do going out for drinks, eating cheap food, a little bit of traveling, but in my 40s, my spending looks really different. |
0:17.0 | And that's totally normal. Have you ever thought about how your money spending changes from your 20s to your 30s of 40s and beyond? |
0:25.0 | That's what I'm going to talk about this Saturday. |
0:28.0 | Because as you earn more and as your values change, so should your spending. |
0:33.0 | Get on my podcast newsletter at IWT.com slash podcast newsletter so I can share what changed in my spending in my 20s, 30s and 40s. |
0:42.0 | That's this Saturday, October 7th. You can only get this at IWT.com slash podcast newsletter. Now back to the episode. |
0:52.0 | I am the result of my mom's sacrifices and I can be the American dream that she wanted. |
1:02.0 | But I want to be different than the situation that my mom had. |
1:07.0 | You are different. Your mom never had a million dollars. |
1:12.0 | It doesn't feel like a lot of money. |
1:15.0 | Try this one out. |
1:18.0 | One day when I'm an old lady, I might be kicked out on the street in the rain, having to take care of my children with one umbrella and a backpack and that's it. |
1:30.0 | Katie, did you ever receive that message? |
1:32.0 | Yeah, because my dad did exactly that. |
1:37.0 | Most people believe that once they have more money, they'll stop fighting about it. They'll stop being stressed about it. |
1:45.0 | There's this idea that if you earn 25% more or 50% more, suddenly all of your financial problems will disappear. |
1:54.0 | I want to show you that that's not true. |
1:57.0 | Your feelings about money are highly uncorrelated with how much money you have in the bank. |
2:05.0 | On today's episode, you get to hear from a couple who are high earners, yet they still have tension around money. |
2:13.0 | Meet Katie and Sean. She's 30. He's 32. |
2:17.0 | And they're high earners. They make about $460,000 a year together. |
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