39. “She waited until we were engaged to reveal $100k of student loan debt”

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.6 • 3.1K Ratings

🗓️ 19 April 2022

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

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Summary

Alex and Nicole are getting married this summer and plan to start a family in a few years. That much, they know. How they’ll get there is another question. Nicole doesn’t want to deal with finances—she prefers to ignore it. Alex, on the other hand, is in the position of having to handle finances on her own for the both of them. Naturally, that leads to stress and resentment. Delegating financial responsibility in a relationship rarely works. Money affects both partners so much that it inevitably creates an unhealthy power dynamic. Let’s see if we can get Nicole and Alex to approach money like a true partnership so they can both step up to the responsibilities—and joy—of living a Rich Life. 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	Hey, before we get back to the episode, I want to make sure you know about something that
0:03.6	I am sharing this Saturday.
0:06.1	Every year, my wife and I take a mini sabbatical.
0:08.8	It's four to six weeks of traveling.
0:11.5	We've gone to Japan, India, Paris, London, and a bunch of other places.
0:15.6	And this Saturday, in my newsletter, I'm going to share how we do it, how we decide where
0:20.2	we're going, how we make it an unforgettable experience, and even how I set up my logistics
0:26.5	so that my business can run without me being there.
0:30.3	If you've ever thought about traveling more or even taking a sabbatical, I want you to
0:35.0	sign up at iwt.com slash podcast newsletter.
0:39.9	This Saturday, September 30th, you can get this new newsletter that I'm sending out only
0:45.5	at iwt.com slash podcast newsletter.
0:48.6	Now let's get back to the episode.
0:53.2	How can you expect to afford a dog whenever you're saddled with so much debt you can't
0:58.4	see out of it?
1:00.4	She says this to me a few times a week, right?
1:04.2	And she's right.
1:05.2	And I saw it whenever we were dating, you know, down for whatever.
1:09.3	Alex was always down to go on a quick trip or just do whatever.
1:14.8	Now she's become so much more uptight.
1:18.0	The concern of money is always on her mind.
1:21.4	It just brings her down, you know, and I hate to see that, but it makes me feel like
	...

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