85. “I thought she was going to die, so we spent all our money. Now we’re broke”

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.6 • 3.1K Ratings

🗓️ 7 March 2023

⏱️ 94 minutes

🔗️ Recording | iTunes | RSS

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Summary

Asha and Matt are in their mid 30s. They bring a totally unique situation to the show today. A few years ago, Asha needed a second open-heart surgery—and an emergency appendectomy. She was told she might have three years left, so they spent like it. The issue? She made a full recovery. This episode is brought to you by: LMNT | Right now LMNT is offering my listeners a free sample pack with any purchase. That’s 8 single serving packets FREE with any LMNT order. This is a great way to try all 8 flavors or share LMNT with a salty friend. Get yours at DrinkLMNT.com/RAMIT. Fabric by Gerber Life | Protect your family today with Fabric by Gerber Life. Apply today in just 10 minutes at meetfabric.com/ramit. Sakara | Sakara is offering our listeners 20% off their first order when they go to Sakara.com/RAMIT or enter code RAMIT at checkout. Links mentioned in this episode: Reading Classes: On Culture and Classism In America by Barbara Jensen The Power of the Past: Understanding Cross-Class Marriages by Jessi Streib 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

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0:00.0	Have you heard people talking about the hedonic treadmill, the idea that once you start spending money on certain things
0:06.8	You're not going to enjoy it anymore and then they usually tell you this so therefore don't get on the hedonic treadmill
0:12.9	Don't spend any money if you get a raise bank at all. I don't love that advice. It's just getting people to play small
0:19.3	I would rather you have a philosophy or a framework on how to know when you are ready to spend more in my life
0:28.2	If you told me remit you can't stay at nice hotels
0:31.8	That would actually be very difficult for me because those things are important to me
0:36.2	For a lot of people if they own a house and you say you can't afford it anymore
0:39.9	You've got a rent or move into an apartment. They would find that incredibly difficult
0:44.4	I don't want you to be afraid of the hedonic treadmill and worry about spending money on anything because you're just gonna
0:49.9	Get used to it. So don't do it at all. No, I want you to have a more nuanced perspective on money
0:55.0	That's why this Saturday on my podcast newsletter. I'm going to share six main areas where once you spend money
1:01.6	It's really difficult to go back and my philosophy is to make sure that you are ready
1:07.5	To move up the value chain before you ever spend money on these things
1:11.9	I set my life up so I would never have to take a step back when it comes to nice hotels
1:16.6	I want you to do the same for the important things in your life get on the newsletter at iwt.com slash podcast newsletter
1:24.2	I'm only sending this particular newsletter out on Saturday, August 12th after that you will not be able to access it
1:30.4	Iwt.com slash podcast newsletter
1:36.2	We didn't have free for a day and
1:38.2	There are a couple days until my grandparents maybe helped us out or my parents pawned something
1:42.8	We took turns eating sometimes
1:45.2	I'm not scared to be poor. I've been poor. I've been without food. I know what it feels like
1:49.2	I've been without a house. I'm not scared of it
	...

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