31. “Shopping at Target is like visiting a casino to me”

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.6 • 3.1K Ratings

🗓️ 22 February 2022

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Lindsey and John are stuck. Despite earning a joint income of $150,000, John’s debt is crippling their relationship and financial future. They respond by self-soothing. John runs on auto-pilot avoidance strategies and refuses to get honest about his situation. Lindsey distracts herself with mindless spending sprees at Target. But neither are working together on a sustainable solution. It’s time to get honest. Lindsey and John are unsophisticated with their income and spending. If they want to become confident with money, they must become competent first. That means no more excuses for inaction. Let’s see what that looks like for Lindsey and John. 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

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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.
0:09.0	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.
0:37.0	So I can share what changed in my spending in my 20s, 30s and 40s.
0:42.0	That's this Saturday, October 7th.
0:44.0	You can only get this at IWT.com slash podcast newsletter.
0:48.0	Now back to the episode.
0:54.0	I know it's a shit ton of debt, but it doesn't scare me.
0:57.0	I'm not going to run away when I see, oh my God, he's got $200,000 in debt.
1:05.0	I'm not going to go, I'm done. Forget it. I wish I never married you.
1:09.0	I knew that going into it, but he's shamed and stressed and wants to take care of it himself.
1:16.0	My debt is not our problem and my debt is, it is what it is.
1:20.0	I feel super overwhelmed and like out of like 0 to 10, I'm like an 11 right now.
1:27.0	I'm a super positive guy, but I think about that shit lately.
1:30.0	I'm just like holy shit.
1:32.0	I'm not a fucking burden. I'm not here to be anybody's burden.
1:35.0	I'm good. I'm not your money bitch. Like I'm not your money burden.
1:39.0	How do you handle money if you and your partner are on completely different pages?
	...

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