42. “We’re worth $5.7 million but we’re arguing over the price of chocolates for Valentine’s day”

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.6 • 3.1K Ratings

🗓️ 10 May 2022

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Making a lot of money is surprisingly easy. But if you’ve lived with too little of it most of your life, getting over the fear of spending it can be another story completely. Nicole and Michael have a combined net worth of over $5.7 million—yet they find themselves arguing over the price of a minor car repair. Nicole has crippling anxiety when it comes to spending any amount of money, no matter how insignificant it may be in the long term. While her fears may have once been justified, they haven’t caught up with reality. Now, with a house stacked with boxes of free items and bulk discount junk, and with Michael meticulously strategizing how to break the news of any minor expense to his wife, they both need to wipe the slate clean and reset their thoughts about money… before the financial wedge in their relationship drives them to divorce. 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.
0:54.5	What's the worst case scenario for your relationship with Michael?
0:58.5	That we got to the worst.
0:59.8	How likely do you think that is right now?
1:02.2	Well, it's definitely not unlikely.
1:03.9	I would say 50% chance.
1:08.1	It changes daily, but we're about $5.7 million to learn that way.
1:11.5	$5.7 million and arguing over $700 difference for your car.
1:19.2	That's correct.
1:21.5	Don't make a couple.
	...

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