I Will Teach You To Be Rich

Ramit Sethi

Imagine listening in on these raw, unfiltered conversations with real couples… One partner is in $300,000 in debt, but shrugs it off. The other cries at night, anxious about the future. A couple that’s so worried about money, they never feel they’ll have enough. When they eat out, they order chicken instead of steak to save $10. Their household income: $600,000. Two parents who feel overwhelmed by work, kids, and debt. When I ask them how they’d describe their lives, they instantly say the same word: “Stuck.” Ramit Sethi asks the questions we wish we all could ask, presenting a totally different philosophy on money: • Spend extravagantly on the things you love, as long as you cut costs mercilessly on the things you don’t. • Ask $30,000 questions, not $3 questions. • A Rich Life is more than math -- it’s mastering your money psychology. From the author of the bestselling book, ‘I Will Teach You To Be Rich,’ learn how money psychology affects these couples… and how to create your own Rich Life.

56. “We have $200,000, but we’re afraid to take a vacation”
Yesterday
56. “We have $200,000, but we’re afraid to take a vacation”
Michelle and Dan are in their early thirties, and from the outside, they look like they’re in a great place financially. They make $225,000 annually, and they’ve saved $200,000 already. So, why do they feel so much dread, confusion, and fear about their money? Their philosophy has always been to save as much as possible… so they’re afraid to spend or invest. But they don’t realize how much they’re missing out on, and it’s not just investment returns. Michelle and Dan have thousands of dollars, but they’re afraid to take a vacation. Will they ever feel good about money? They could be living their Rich Life today—but only if they address the real, emotional reasons they’re stuck. Let’s see how they do. Connect with Ramit (Website) (Instagram) (Twitter) (Facebook) (YouTube) (Linkedin) 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). Mentioned in this episode: Stop fighting with your partner about money We have certain beliefs about money, but what if our partner disagrees? How do we even know if either of us is right? That’s why I’ve put together scripts you can use to start the conversation even when difficult topics come up. (Get these scripts -- free -- at iwt.com/scripts.) Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. (Go to iwt.com/automate for the guide.)
55. “My top 5 lessons from one year of interviewing couples about money”
Aug 9 2022
55. “My top 5 lessons from one year of interviewing couples about money”
Personal finance can seem complicated, but most issues are linked back to two core influences—how people think and feel about money. Where they land on those scales has a wide range of possible manifestations (skimping on frozen berries, anyone?).  One year into the podcast, and a handful of these themes have become very clear. Tune in to this special solo episode as Ramit breaks them down. Check out the free resources below if any of these scenarios sound familiar to you—or you’re just ready to deepen your understanding of money and what it can do for you. Programs & Resources (iwt.com/moneymindset) → Money Mindset Mini Course (iwt.com/guiltfree) → Conscious Spending Plan (iwt.com/nomorefights) → Guide to How to Talk to Your Partner about Money (iwt.com/house) → Ramit's 3 step guide to buying a house (iwt.com/therichlife) → Rich Life mini course  Connect with Ramit (Website) (Instagram) (Twitter) (Facebook) (YouTube) (Linkedin) 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). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. (Go to iwt.com/automate for the guide.) Stop fighting with your partner about money We have certain beliefs about money, but what if our partner disagrees? How do we even know if either of us is right? That’s why I’ve put together scripts you can use to start the conversation even when difficult topics come up. (Get these scripts -- free -- at iwt.com/scripts.)
54. “We grew up poor—but we could be millionaires” (Part 2)
Aug 2 2022
54. “We grew up poor—but we could be millionaires” (Part 2)
Last week, in part one of my conversation with Austin and Annie, we got deeply personal about their upbringings and the invisible scripts they picked up as kids. I learned that they were passing bad money habits to their young daughter—continuing a cycle of generational poverty.  Today, my goal is to move them out of that cycle by getting tactical with how they can turn things around. They’re young and make plenty of money to be comfortable—even multimillionaires—in their future. But we need to get the calculator out to make them believe it. Tune in as Austin and Annie see how it’s possible to go from generational poverty to generational wealth.  Connect with Ramit (Website) (Instagram) (Twitter) (Facebook) (YouTube) (Linkedin) 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). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. (Go to iwt.com/automate for the guide.) Stop fighting with your partner about money We have certain beliefs about money, but what if our partner disagrees? How do we even know if either of us is right? That’s why I’ve put together scripts you can use to start the conversation even when difficult topics come up. (Get these scripts -- free -- at iwt.com/scripts.)
53. “We want to break the cycle of generational poverty, but we don’t know how” (Part 1)
Jul 26 2022
53. “We want to break the cycle of generational poverty, but we don’t know how” (Part 1)
Annie and Austin were both raised without knowing where their next meal would come from. They came to me looking for a way to break the relentless chain of generational poverty that they’ve experienced… and that they fear they’re passing on to their two young children. The good news is that it’s not too late for them, or anyone, to start making the right decisions and move toward a Rich Life they can be proud to pass on. They bring in about $130k a year in a low-cost region, and since they’re only in their twenties, they can expect to make more money as they get further into their careers. Annie and Austin have never been taught about money. So listen in as I meet them where they are: zero savings, $68,000 in debt, and no tools for managing their finances. Stick around next week for part two of this conversation, where we dig into the numbers and present long-term solutions.  Connect with Ramit (Website) (Instagram) (Twitter) (Facebook) (YouTube) (Linkedin) 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). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. (Go to iwt.com/automate for the guide.) Stop fighting with your partner about money We have certain beliefs about money, but what if our partner disagrees? How do we even know if either of us is right? That’s why I’ve put together scripts you can use to start the conversation even when difficult topics come up. (Get these scripts -- free -- at iwt.com/scripts.)
52. “He hides purchases from me—and I let him”
Jul 19 2022
52. “He hides purchases from me—and I let him”
Lisa and Jeff are in their forties and have a blended household. They had about a $300k net worth before they were awarded a $1.275M settlement in January of this year. What’s important isn’t the details of the settlement, but that they don’t know what to do with it. She doesn’t trust him—and for good reason. He opens lines of credit and makes secret purchases while also refusing to participate in financial planning, leaving Lisa to carry the burden. She’s looking for a teammate, but he’s happy to simply send her his paycheck and make jokes about their toxic dynamic. They’ve invested the windfall in a few places (yes, one of which is a bad financial advisor), but they lack a vision—and the communication to build one. Before they decide what to do with the settlement cash, they need to be honest with themselves, and with one another. That’s where I come in. Let’s see if we can bring some clarity to their situation.  Connect with Ramit (Website) (Instagram) (Twitter) (Facebook) (YouTube) (Linkedin) 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). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. (Go to iwt.com/automate for the guide.) Stop fighting with your partner about money We have certain beliefs about money, but what if our partner disagrees? How do we even know if either of us is right? That’s why I’ve put together scripts you can use to start the conversation even when difficult topics come up. (Get these scripts -- free -- at iwt.com/scripts.)
51. “We went bankrupt, but I still have no boundaries with money”
Jul 12 2022
51. “We went bankrupt, but I still have no boundaries with money”
Katie and Cal are in their mid-twenties and, after moving around a bit, they live back home in Alaska with their young children. They bring in about $100k a year and have a good chunk of debt, about $25k of that they transferred to Katie’s mom for a better interest rate—a move which has hopelessly entangled her in their finances. What do you do when a family member who means well (they all do) oversteps the line? Listen in to hear how Katie and Cal come to terms with the truth—that her mom’s influence has got to go—and how they might start to enact that very difficult change in their lives. Connect with Ramit (Website) (Instagram) (Twitter) (Facebook) (YouTube) (Linkedin) 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) Mentioned in this episode: Stop fighting with your partner about money We have certain beliefs about money, but what if our partner disagrees? How do we even know if either of us is right? That’s why I’ve put together scripts you can use to start the conversation even when difficult topics come up. (Get these scripts -- free -- at iwt.com/scripts.) Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. (Go to iwt.com/automate for the guide.)
50. “Maybe buying this condo was a mistake” (Part 2)
Jul 5 2022
50. “Maybe buying this condo was a mistake” (Part 2)
In part 2 of Elena and Eric’s story, we learn about the deep emotional ties that Elena associates with the condo that’s draining their savings account—and why she’s so anxious about outside opinions in the event they decide to sell it.  To recap, they’re 25 and make $160k/year combined. They love to go to music festivals and bought a condo (with a down payment gift from their parents) about seven months ago. “Society” tells them that’s great, so they think they’re doing great. They’re not. Between transaction fees, mortgage, and maintenance, the purchase has bombarded them with phantom costs that require them to spend $2,000 a month from their savings to stay above water. At this rate, they’ll be broke in two years. No amount of cutting back on sushi or music festivals will solve this problem. This one’s all about money psychology. Eric and Elena have some tall emotional hurdles to get over before they can make the right decision and stand confidently in their truth to outsiders. Listen in to see if they can commit to selling their home and living their Rich Life.  Connect with Ramit (Website) (Instagram) (Twitter) (Facebook) (YouTube) (Linkedin) 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). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. (Go to iwt.com/automate for the guide.) Stop fighting with your partner about money We have certain beliefs about money, but what if our partner disagrees? How do we even know if either of us is right? That’s why I’ve put together scripts you can use to start the conversation even when difficult topics come up. (Get these scripts -- free -- at iwt.com/scripts.)
49. “Our housing expense unexpectedly went up $2K when we bought our first home” (Part 1)
Jun 28 2022
49. “Our housing expense unexpectedly went up $2K when we bought our first home” (Part 1)
Elena and Eric are both 25. They live in Toronto, and they make $160k as a household. They love going to EDM festivals and spend thousands of dollars every year traveling to them—it’s their Rich Life! The problem is that they also own a condo that’s draining their savings at a rate of $2k every month. They’ll be broke in two years. Before this call, Elena and Eric made a pact that they would NOT consider selling their condo, no matter what I said. But we learn that they’re committed to keeping the condo for all the wrong reasons. What will it take for both of them to see the truth in their error? To admit a mistake and commit to moving on as a team? First, we need to see if either of them are even willing to budge on the subject. Listen in to find out. Connect with Ramit (Website) (Instagram) (Twitter) (Facebook) (YouTube) (Linkedin) 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). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. (Go to iwt.com/automate for the guide.) Stop fighting with your partner about money We have certain beliefs about money, but what if our partner disagrees? How do we even know if either of us is right? That’s why I’ve put together scripts you can use to start the conversation even when difficult topics come up. (Get these scripts -- free -- at iwt.com/scripts.)
48. “My husband needs a better job, but he hates the idea of earning more”
Jun 21 2022
48. “My husband needs a better job, but he hates the idea of earning more”
Kara and Sean make $150k annually, with $100k of that coming from Kara’s salary in healthcare. They have a baby daughter, and Kara would like to take a step back in her career in order to spend more time with her. The problem is, Sean’s happily (and hopelessly) stuck in a dead-end job. What do you do when one partner is passive when it comes to money? It’s so easy to make things personal, to escalate and unravel, but I steer this conversation to the numbers—where it’s illustrated, plain as day, what Sean needs to do.  But will he see it? And if he does, will he actually make any changes? Let’s see if I can get Sean to start dreaming bigger. Connect with Ramit (Website) (Instagram) (Twitter) (Facebook) (YouTube) (Linkedin) 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). Mentioned in this episode: Stop fighting with your partner about money We have certain beliefs about money, but what if our partner disagrees? How do we even know if either of us is right? That’s why I’ve put together scripts you can use to start the conversation even when difficult topics come up. (Get these scripts -- free -- at iwt.com/scripts.) Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. (Go to iwt.com/automate for the guide.)
47. “We make $500k. Why are we carrying a balance on our credit cards?”
Jun 14 2022
47. “We make $500k. Why are we carrying a balance on our credit cards?”
Ashley and Charles are in their early forties and have been married for six years. Together, they have five children from previous relationships. They live in a high-cost-of-living area—but, collectively, they earn over half a million dollars per year. Because of Charles's investments and stock options, their income feels erratic, and Ashley is having a hard time making sense of it all. Ashley needs a better understanding of the family's finances to feel more at ease with their future, but a serious lack of transparency stands in the way. Have you ever felt like your partner was hiding something from you? Something big? And how long can two people stick it out when something as basic as trust is an ongoing issue?  This is a huge job. Ashley and Charles have a lot to work on, but nothing is impossible. I'm going to help them simplify their money, so they can stop worrying about their spending and start envisioning a Rich Life. Connect with Ramit (Website) (Instagram) (Twitter) (Facebook) (YouTube) (Linkedin) 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). Mentioned in this episode: Stop fighting with your partner about money We have certain beliefs about money, but what if our partner disagrees? How do we even know if either of us is right? That’s why I’ve put together scripts you can use to start the conversation even when difficult topics come up. (Get these scripts -- free -- at iwt.com/scripts.) Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. (Go to iwt.com/automate for the guide.)
46. “The ghost of FIRE still haunts our money mindset—we can’t enjoy money”
Jun 7 2022
46. “The ghost of FIRE still haunts our money mindset—we can’t enjoy money”
Carolyn and Gavin have been married for ten years. They have three small children and bring in about $130k annually—with a healthy $500k in investments. So what’s the problem? Once we look closer, specifically at their obsession with money mechanics, we see a deeper issue. They learned these bad habits as members of the FIRE community, a lifestyle they’ve left behind but that continues to haunt their money mindsets to this day. To make matters worse, Carolyn has disassociated from the family’s money conversation completely. How do you work as a team when one member refuses to participate? And how can you reset your instincts related to saving and spending after so many years repeating bad habits? Listen in to find out. Connect with Ramit (Website) (Instagram) (Twitter) (Facebook) (YouTube) (Linkedin) 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). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. (Go to iwt.com/automate for the guide.) Stop fighting with your partner about money We have certain beliefs about money, but what if our partner disagrees? How do we even know if either of us is right? That’s why I’ve put together scripts you can use to start the conversation even when difficult topics come up. (Get these scripts -- free -- at iwt.com/scripts.)
45. “She tells me that it’s my fault we can’t live the life we want to live”
May 31 2022
45. “She tells me that it’s my fault we can’t live the life we want to live”
Sarah earns more than Andrew. They’re unmarried but imagine a future together, or would like to. The problem is that Andrew’s existing money scripts (and $65k in debt) have him frozen—unable to spend but also unwilling to seriously plan a way out. She wants to spend money on things like vacations, but he doesn’t feel like he can afford to spend. To make things worse, he feels terrible about money in general because that’s how his dad raised him—his presence looms over the conversation. We need to cut out the negative judgments and help Sarah see things from Andrew’s perspective. Then we can talk to Andrew about the mindset to overcome his past—and current—money issues. Connect with Ramit (Website) (Instagram) (Twitter) (Facebook) (YouTube) (Linkedin) 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). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. (Go to iwt.com/automate for the guide.) Stop fighting with your partner about money We have certain beliefs about money, but what if our partner disagrees? How do we even know if either of us is right? That’s why I’ve put together scripts you can use to start the conversation even when difficult topics come up. (Get these scripts -- free -- at iwt.com/scripts.)
44. “Trust in the universe and it (or my partner) will provide”
May 24 2022
44. “Trust in the universe and it (or my partner) will provide”
Today’s couple is actually on the same page when it comes to their Rich Life, but they’re not making much progress toward it. Alex brings in $70k from a full time job. Charlotte runs their joint business that isn’t making much money yet, but should be soon. They both know what they want, they just have different perspectives on how to get there. Despite their income recently doubling, they are living paycheck to paycheck—while outright ignoring over $200k in student loan debt. Charlotte believes the universe will take care of them … but when it doesn’t, Alex feels like he has to step in and fix everything. Charlotte is highly intuitive, but intuition alone won’t get you to a Rich Life—you also need to be able to analyze your situation. Hearing Charlotte and Alex work toward common ground may help you realize where you’re playing small in life by relying too much on one skill set while ignoring the other. Connect with Ramit (Website) (Instagram) (Twitter) (Facebook) (YouTube) (Linkedin) 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). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. (Go to iwt.com/automate for the guide.) Stop fighting with your partner about money We have certain beliefs about money, but what if our partner disagrees? How do we even know if either of us is right? That’s why I’ve put together scripts you can use to start the conversation even when difficult topics come up. (Get these scripts -- free -- at iwt.com/scripts.)
43. “Our $300k income is variable and declining but we aren’t adjusting our lifestyle”
May 17 2022
43. “Our $300k income is variable and declining but we aren’t adjusting our lifestyle”
How do you manage your finances when your monthly pay is inconsistent? Vince makes around $300k a year in the mortgage industry, while Kasey focuses on raising their kids at home. Despite that rather high average income, the actual monthly takeaway is incredibly variable—one month could be $25k, the next month just $2k. That uncertainty is causing Kasey a lot of stress. On top of that, Vince’s income has been steadily decreasing. Vince chooses to remain positive; Kasey is afraid of the worst happening. But neither of them is willing to look at what they will do if that worst-case scenario does happen. When times are good, they spend guilt-free. But when times aren’t as good, they begin to worry that they’ll never come back out of that hole. There are reasonable concerns when it comes to not knowing how much money you will have coming in month to month. There are also ways to work around this. Let’s find out exactly how worried Kasey and Vince should be, and what they can do to set themselves up to feel more secure. Connect with Ramit (Website) (Instagram) (Twitter) (Facebook) (YouTube) (Linkedin) 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). Mentioned in this episode: Stop fighting with your partner about money We have certain beliefs about money, but what if our partner disagrees? How do we even know if either of us is right? That’s why I’ve put together scripts you can use to start the conversation even when difficult topics come up. (Get these scripts -- free -- at iwt.com/scripts.) Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. (Go to iwt.com/automate for the guide.)
42. “We’re worth $5.7 million but we’re arguing over the price of chocolates for Valentine’s day”
May 10 2022
42. “We’re worth $5.7 million but we’re arguing over the price of chocolates for Valentine’s day”
Making a lot of money is surprisingly easy. But if you’ve lived with too little of it most of your life, getting over the fear of spending it can be another story completely. Nicole and Michael have a combined net worth of over $5.7 million—yet they find themselves arguing over the price of a minor car repair. Nicole has crippling anxiety when it comes to spending any amount of money, no matter how insignificant it may be in the long term. While her fears may have once been justified, they haven’t caught up with reality.  Now, with a house stacked with boxes of free items and bulk discount junk, and with Michael meticulously strategizing how to break the news of any minor expense to his wife, they both need to wipe the slate clean and reset their thoughts about money… before the financial wedge in their relationship drives them to divorce. Connect with Ramit (Website) (Instagram) (Twitter) (Facebook) (YouTube) (Linkedin) 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). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. (Go to iwt.com/automate for the guide.) Stop fighting with your partner about money We have certain beliefs about money, but what if our partner disagrees? How do we even know if either of us is right? That’s why I’ve put together scripts you can use to start the conversation even when difficult topics come up. (Get these scripts -- free -- at iwt.com/scripts.)
41. “My wife won’t admit her business is failing and we constantly argue about it”
May 3 2022
41. “My wife won’t admit her business is failing and we constantly argue about it”
It’s common knowledge that building a business takes time—but how long should you be willing to wait? Rob works a full-time job. Olivia is split between part-time work and her own business. Rob doesn’t think her business is making enough money and has been urging Olivia to call it a loss and get a “real job.” He thinks her entrepreneurial dreams are holding them back from making their current reality more comfortable. What they’re doing isn’t working. Whether Olivia doubles down on the business or takes on a regular job, one thing is certain: in order to live their Rich Life, something has to change. Connect with Ramit (Website) (Instagram) (Twitter) (Facebook) (YouTube) (Linkedin) 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). Mentioned in this episode: Stop fighting with your partner about money We have certain beliefs about money, but what if our partner disagrees? How do we even know if either of us is right? That’s why I’ve put together scripts you can use to start the conversation even when difficult topics come up. (Get these scripts -- free -- at iwt.com/scripts.) Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. (Go to iwt.com/automate for the guide.)
40. “We’re worth $5 million but my wife nearly canceled our trip to save $200”
Apr 26 2022
40. “We’re worth $5 million but my wife nearly canceled our trip to save $200”
By now, you know: living a Rich Life is more about mindset than money.  Look at today’s couple, Jack and Rachel. Following the principles described in I Will Teach You to Be Rich, they’ve managed to turn a $150k income into over $5 million in savings! Despite that, Rachel finds it difficult to actually spend the money—she doesn’t truly believe it’s there. She thinks that, with one wrong move, it could all be gone. This is the complicated nature of money psychology at work. They’ve built up the skill of saving but completely neglected the skill of spending. I’m going to see if I can help them connect the money they make to the Rich Life they want—and are able—to live, by getting Rachel to unpack the invisible scripts holding her back. Connect with Ramit (Website) (Instagram) (Twitter) (Facebook) (YouTube) (Linkedin) 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). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. (Go to iwt.com/automate for the guide.) Stop fighting with your partner about money We have certain beliefs about money, but what if our partner disagrees? How do we even know if either of us is right? That’s why I’ve put together scripts you can use to start the conversation even when difficult topics come up. (Get these scripts -- free -- at iwt.com/scripts.)
39. “She waited until we were engaged to reveal $100k of student loan debt”
Apr 19 2022
39. “She waited until we were engaged to reveal $100k of student loan debt”
Alex and Nicole are getting married this summer and plan to start a family in a few years. That much, they know. How they’ll get there is another question. Nicole doesn’t want to deal with finances—she prefers to ignore it. Alex, on the other hand, is in the position of having to handle finances on her own for the both of them. Naturally, that leads to stress and resentment. Delegating financial responsibility in a relationship rarely works. Money affects both partners so much that it inevitably creates an unhealthy power dynamic. Let’s see if we can get Nicole and Alex to approach money like a true partnership so they can both step up to the responsibilities—and joy—of living a Rich Life. Connect with Ramit (Website) (Instagram) (Twitter) (Facebook) (YouTube) (Linkedin) 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). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. (Go to iwt.com/automate for the guide.) Stop fighting with your partner about money We have certain beliefs about money, but what if our partner disagrees? How do we even know if either of us is right? That’s why I’ve put together scripts you can use to start the conversation even when difficult topics come up. (Get these scripts -- free -- at iwt.com/scripts.)
38. “He owes his ex $70k/year and it’s straining our finances and our relationship”
Apr 12 2022
38. “He owes his ex $70k/year and it’s straining our finances and our relationship”
Rebecca and John are both attorneys and make good money. While John makes more, he’s legally obligated to pay around $70k annually in alimony and insurance tied to a past divorce settlement.  On top of that, his income can vary widely, making the future difficult to plan for—and he has debt. He’s 61 but sees no way he can retire any time soon.  They’re dealing with not only the very real financial problems they face but also the resentment caused by them. That resentment colors every interaction they have with money. When I start digging into where the rest of their income goes, they start to get a little dodgy. We’re going to shine a light on some of their spending habits and find a path that lets them live a Rich Life without the stress. Connect with Ramit (Website) (Instagram) (Twitter) (Facebook) (YouTube) (Linkedin) 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). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. (Go to iwt.com/automate for the guide.) Stop fighting with your partner about money We have certain beliefs about money, but what if our partner disagrees? How do we even know if either of us is right? That’s why I’ve put together scripts you can use to start the conversation even when difficult topics come up. (Get these scripts -- free -- at iwt.com/scripts.)
37. “My love language is spending money I don’t have”
Apr 5 2022
37. “My love language is spending money I don’t have”
Money can be a way of showing love, but what happens when you’re spending money you don’t have? Does spending any less mean you love the people in your life any less?  It seems simple, sometimes it’s not. Meet Jessica and Javier. She’s tried to help him with his financial literacy, but Javier only knows how to show love through spending. Unfortunately, his love is bigger than his paycheck. Not only that, he’s admittedly ignorant of how credit works. He relies on magical money thinking and is unrealistic about what it’s going to take to pay it off. We’re going to get to the root of Javier’s relationship with money and show him what’s ultimately at stake here—everything. It’s one thing to realize you’re making bad financial decisions, it’s another to turn the page on everything you know to be true about yourself. Let’s get into it. Connect with Ramit (Website) (Instagram) (Twitter) (Facebook) (YouTube) (Linkedin) 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). Mentioned in this episode: Automate Your Money If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it. (Go to iwt.com/automate for the guide.) Stop fighting with your partner about money We have certain beliefs about money, but what if our partner disagrees? How do we even know if either of us is right? That’s why I’ve put together scripts you can use to start the conversation even when difficult topics come up. (Get these scripts -- free -- at iwt.com/scripts.)