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Money For Couples

74. “I’m $450k in debt but she still wants me to treat her to dinner” (Part Two)

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.63.1K Ratings

🗓️ 20 December 2022

⏱️ 48 minutes

🧾️ Download transcript

Summary

We pick up part two of Serena and Nate’s conversation with an equity problem—a serious one, and one they didn’t realize they had. Serena earns considerably more for now, but Nate stands to triple her salary in a couple of years. His medical school debt, in the meantime, crushes him. He needs help but she doesn't see it. He can’t, or doesn’t, speak up. Can they meet one another where they are? Links mentioned in this episode Please take my podcast survey Join the Dream Job program Join the Earnable program Connect with Ramit Get Money Coaching with Ramit Download the Conscious Spending Plan Get my New York Times best-selling book Get my no-numbers journal 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

And I definitely operate from more of a scarcity mindset than not.

0:07.0

This was maybe two years ago.

0:09.0

I operated my computer from a lab to talk to a desk and stuff.

0:13.0

And it took me almost a week to unpackage it because I was honestly driving myself crazy

0:20.0

with like, what did I do?

0:22.0

I fucked up. I can't afford this.

0:25.0

Can I return this? Should I return it?

0:27.0

I was like, you know, so scared that I was like, oh my gosh, what if I can't afford a

0:32.0

vet bill or something else?

0:35.0

In my mind, it was one that almost felt really scary and irresponsible.

0:40.0

Even now, it sort of overwhelms me to be able to be in a place to afford nice things for myself.

0:46.0

You know, I came from an immigrant background.

0:48.0

There was never enough money seeing the stress that money played in my parents' relationship.

0:54.0

I feel like it was inevitable that I would run into the same thing.

0:58.0

I think that if you don't change anything, you will find yourself continuing to argue and to spin about money.

1:08.0

And it will become even more painful.

1:12.0

I really don't like the sound of that.

1:16.0

Thanks for joining me on part two of this absolutely fascinating conversation with Nate and Serena.

1:22.0

Now, they're both in their 20s. They're engaged and living together.

1:25.0

But they have a big income disparity.

1:28.0

Serena makes $80,000.

1:31.0

And Nate makes $45,000 a year today.

...

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