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Money For Couples

72. Answering questions about recessions, marrying the right person, and firing a financial advisor

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.63.1K Ratings

🗓️ 6 December 2022

⏱️ 71 minutes

🧾️ Download transcript

Summary

This is a special solo episode where I answer questions from members of my Money Coaching program. In today’s episode: How to handle a recession, how I thought about marrying the right person, how to hire a financial advisor (one of my favorite stories), and how to apply some of my advice to your situation. Join Money Coaching here: iwt.com/moneycoaching 00:01:16 — 1: What advice do you have about combining finances with a partner? 00:08:35 — 2: How does your money strategy change for a recession? 00:15:13 — 3: What would Ramit say to a single person who wants to marry the right person? 00:23:11 — 4: $3 questions vs. $30,000 questions 00:26:18 — 5: I'm a late starter. How do I calculate my contributions after age 50? 00:28:50 — 6: How do I balance funding an emergency fund and contribute to retirement every month? 00:33:01 — 7: What is your recommended asset allocation? 00:33:11 — 8: I'm curious how others think about different kinds of debt. 00:39:39 — 9: How do I fire a financial advisor? 00:50:54 — 10: Should I continue contributing to my Roth IRA even when the market is doing so poorly? 00:52:58 — 11: What is something about psychology Ramit wishes more people knew and took action on? 00:56:36 — 12: How do I protect my kids and think about where I want my money to go when I die? 01:03:09 — 13: I’m throwing out a humble brag after checking the history of my earnings at ssa.gov. 01:04:30 — 14: I’d like to celebrate a win overcoming invisible money scripts while out to dinner with my family. Connect with Ramit Get Money Coaching with Ramit Download the Conscious Spending Plan Other episodes Instagram Twitter YouTube 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

Before we get to today's episode, you know I'm out there buying a bunch of different tools

0:04.8

and little gadgets to try to find out little ways to make my life more convenient.

0:09.6

This Saturday, I want to share three of my favorites.

0:12.2

Here's one of them.

0:13.2

I'm going to tell you what it is on this issue of my podcast newsletter and each of these

0:18.4

three tools is under $25.

0:21.4

So to find out the three tools I use that make my life more convenient, much easier, go

0:25.9

to iwt.com slash podcast newsletter.

0:29.3

You can only get this issue at iwt.com slash podcast newsletter.

0:41.5

You probably haven't heard something like this, but privately I run a money coaching program.

0:47.3

And once a month, I do these calls where we all get online live and I answer questions

0:53.5

about money and psychology and how to use a conscious spending plan and even how to stop

0:57.8

feeling guilty about money.

1:00.1

And I realized the general public never gets to hear these questions.

1:04.8

So I have a bunch of questions that our group has been putting in our slack community.

1:10.4

And sometimes I can't answer them all and I figured it would be fun if I just get on

1:13.7

here and answer a bunch of questions.

1:15.8

I haven't seen these before.

1:17.7

My team put them together and so I'm just going to riff.

1:20.8

I've got questions today about let's see $3 questions versus $30,000 questions starting

1:27.7

late, the psychology of debt, how to fire a financial advisor, well, maybe we can do

1:33.9

that live.

...

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