90. How do I stop feeling guilty about money? Ramit answers your questions

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.6 • 3.1K Ratings

🗓️ 11 April 2023

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

This is a special solo episode where I answer questions from members of my Money Coaching program. In today’s episode: How to stop feeling guilty about spending, how to deal with peer pressure around your finances, and what to do if you worry about investing. This episode is brought to you by: Rocket Money | Stop throwing your money away. Cancel unwanted subscriptions – and manage your expenses the easy way – by going to RocketMoney.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. DeleteMe | If you want to get your personal information removed from the web, go to joindeleteme.com/ramit for 20% off. Links mentioned in this episode • Netflix show BTS newsletter (limited time only) • Get Money Coaching with Ramit Connect 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
1:37.6	Today I get the chance to go into detail on lots of questions about money including how to stop feeling guilty about spending it
1:45.4	How to deal with pure pressure around your finances and what to do if you worry about investing?
1:51.6	These questions that I'm going to feature today come from my money coaching program a few months ago
1:56.6	I launched this program and we've got hundreds of people
1:59.3	We've got this thriving community where people ask questions of each other and they share these amazing stories
	...

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