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9. “I hid thousands of dollars of credit card debt from my husband”

9. “I hid thousands of dollars of credit card debt from my husband”

FromI Will Teach You To Be Rich


9. “I hid thousands of dollars of credit card debt from my husband”

FromI Will Teach You To Be Rich

ratings:
Length:
43 minutes
Released:
Sep 14, 2021
Format:
Podcast episode

Description

Jordan wasn't raised to talk about money. She constantly saw her mom withhold money matters from her dad, and now, history is repeating itself. Jordan has hidden her debt from her husband, Dan, twice. He feels violated. This is not the kind of thing you do when you're saving for a down payment on a house and building a family. He needs the problem not to happen again.
Before talking this out with me, neither realized they were on the verge of a relationship breakdown. Most people don't truly appreciate the consequences of their actions. They run away from their problems and shove important issues under the rug. Jordan thought she could fix this alone, but her mom wiped out her debt the first time around (it takes her a while to drop that bombshell), and she's still learning how to talk about finances openly after growing up with a money code of shame and secrets.
Listen to their initial money visions. They're as imaginative as a cardboard box. There are lofty visions of "travel" and "a kid," but no specifics. Nothing to get excited about. No wonder why they aren't investing or saving together.
Tune in to hear how I coax out the clues from them -- and offer them a vision of where to go next.
Connect with Ramit
https://www.iwillteachyoutoberich.com/podcast/ (Website)
https://www.instagram.com/ramit/ (Instagram)
https://twitter.com/ramit (Twitter)
https://www.facebook.com/ramitsethi (Facebook)
https://www.youtube.com/user/ramitsethi/featured (YouTube)
https://www.linkedin.com/in/ramitsethi/ (Linkedin)

Produced by http://crate.media/ (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.
https://iwt.captivate.fm/aym (Go to iwt.com/automate for the guide.)
Released:
Sep 14, 2021
Format:
Podcast episode

Titles in the series (100)

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.