47. “We make $500k. Why are we carrying a balance on our credit cards?”

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.6 • 3.1K Ratings

🗓️ 14 June 2022

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ashley and Charles are in their early forties and have been married for six years. Together, they have five children from previous relationships. They live in a high-cost-of-living area—but, collectively, they earn over half a million dollars per year. Because of Charles's investments and stock options, their income feels erratic, and Ashley is having a hard time making sense of it all. Ashley needs a better understanding of the family's finances to feel more at ease with their future, but a serious lack of transparency stands in the way. Have you ever felt like your partner was hiding something from you? Something big? And how long can two people stick it out when something as basic as trust is an ongoing issue? This is a huge job. Ashley and Charles have a lot to work on, but nothing is impossible. I'm going to help them simplify their money, so they can stop worrying about their spending and start envisioning 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.

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.
0:53.0	He will say, well, why do you need someone to take care of you?
0:56.4	You have your own money.
0:57.4	Like, are you trying to get someone to take care of you?
1:00.2	Is that what you're doing?
1:01.2	I don't know about this money.
1:03.0	I've always been so confused as to like, you make so much money and we have no money.
1:10.8	We both want to fix this.
1:13.4	I love our, you know, I want to stay married.
1:17.6	This is kind of the biggest catalyst to our relationship that we are now pulling apart
	...

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