7. “My parents keep expecting us to pay for them”
Money For Couples with Ramit Sethi
Ramit Sethi
4.6 • 124 Ratings
🗓️ 31 August 2021
⏱️ 47 minutes
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Summary
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| 0:00.0 | It's not that I'm opposed to donating to this charity, it's that we were signed up to |
| 0:09.3 | donate to this charity without being asked, I was very confused by it. |
| 0:13.8 | It felt like it was being pulled out of our own pockets and it wasn't appreciated as |
| 0:20.6 | like a gesture that we were making. |
| 0:24.9 | Imagine that you're married and you and your partner working on your finances, planning |
| 0:30.6 | out your rich life, and suddenly you get a phone call from your parents and they say, |
| 0:36.4 | we need you to send over $3,000. |
| 0:40.2 | You say, what? |
| 0:41.2 | For what? |
| 0:42.2 | So, you know, we have this donation we need to make or this home repair we need to do. |
| 0:46.4 | Go ahead and send the money over. |
| 0:48.8 | And you send it and then two months later you get another phone call and another. |
| 0:54.0 | You don't know how much it's going to be and you don't know when that call is coming, |
| 0:58.2 | but you know that you're expected to help your parents out. |
| 1:03.0 | In today's episode, we're going to talk to Barry and Maria who are struggling with how |
| 1:07.2 | to handle money around Barry's parents who have these sort of expectations. |
| 1:11.5 | Now, before we start, it's important for me to say that culture affects money. |
| 1:17.8 | For example, in Indian culture, many parents strongly encourage their kids to become doctors |
| 1:23.7 | or engineers. |
| 1:25.1 | They also spend huge amounts on their daughter's weddings. |
| 1:28.6 | If you grew up in America without understanding the cultural reasons for these beliefs, you |
| 1:34.1 | might think they're ridiculous. |
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