56. “We have $200,000, but we’re afraid to take a vacation”

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.6 • 3.1K Ratings

🗓️ 16 August 2022

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Michelle and Dan are in their early thirties, and from the outside, they look like they’re in a great place financially. They make $225,000 annually, and they’ve saved $200,000 already. So, why do they feel so much dread, confusion, and fear about their money? Their philosophy has always been to save as much as possible… so they’re afraid to spend or invest. But they don’t realize how much they’re missing out on, and it’s not just investment returns. Michelle and Dan have thousands of dollars, but they’re afraid to take a vacation. Will they ever feel good about money? They could be living their Rich Life today—but only if they address the real, emotional reasons they’re stuck. Let’s see how they do. 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

Click on a timestamp to play from that location

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'm sending out this Saturday.
0:06.4	Have you ever wondered how to use your money to buy back your time?
0:09.9	This is something that people love to talk about, but very few people actually spend their
0:14.6	money to get their time back.
0:17.4	I want to show you 20 ways to buy your time back this Saturday from all areas of life
0:23.2	and all different income levels.
0:25.9	This Saturday, September 23rd, you can only get it at iwt.com slash podcast newsletter
0:32.3	that's 20 ways to buy back your time.
0:34.4	I'm going to show you this Saturday.
0:36.1	Now let's get back to the episode.
0:38.1	Yeah, I feel like I'm just stockpiling money for, you know, when the world ends, like the
0:47.8	apocalypse comes.
0:49.9	I think it's fear.
0:51.3	Not I think it is fear.
0:53.4	I don't feel like I am savvy with my money.
0:56.9	The world teaches most people that it's confusing and that's what I have internalized.
1:02.9	I just I don't understand it.
1:04.5	I don't from the small amount that I have been exposed to is I would say like negative
1:11.4	and I'm just afraid of losing money also.
1:13.4	Well, you're losing money right now.
1:16.2	I mean, good point.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramit Sethi, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramit Sethi and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.