86. “I make $450,000/year from YouTube. My husband is ashamed he can’t match my success”

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.6 • 3.1K Ratings

🗓️ 14 March 2023

⏱️ 90 minutes

🔗️ Recording | iTunes | RSS

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Summary

Darby and Kirsty, 27 and 25, are professional YouTubers. While Kirsty’s art tutorial channel explodes in profitability, Darby’s efforts lag behind in viewership and earnings, creating a stark contrast in their money dynamic. He feels he doesn’t deserve comfort. She waits for her success to vanish. This episode is brought to you by: BetterHelp | Visit betterhelp.com/ramit today to get 10% off your first month. DeleteMe | Offer for IWT Listeners 20% off all plans with the code RAMIT or go to joindeleteme.com/ramit. Babbel | Right now, when you purchase a 3-month Babbel subscription, you’ll get an additional 3 months for FREE. Go to Babbel.com and use promo code RAMIT. Links mentioned in this episode: • Get my no-numbers journal • Sign up for Double Engine Growth Connect with Ramit: • Get Money Coaching with Ramit • Download the Conscious Spending Plan • Get my New York Times best-selling book • 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
1:36.4	Started my channel eight years ago, but really the money started coming in the last two three years
1:41.4	It's been big jump. I remember like my first sort of year
1:46.6	It was like 20,000th of the year and then it jumped to a hundred and it jumped to like 250 and then to 450
1:52.3	Which was sort of at now and I'm imagining it might double this year at the moment. I haven't achieved anything
1:59.3	So to you haven't achieved anything can you finish the end of their sentence for me?
	...

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