56 min listen
10. “Money is overwhelming so we find instant gratification elsewhere”
10. “Money is overwhelming so we find instant gratification elsewhere”
ratings:
Length:
46 minutes
Released:
Sep 21, 2021
Format:
Podcast episode
Description
Jacques and Jennifer are stuck in a money rut. They are trapped by their $40,000 debt. Jennifer feels overwhelmed with money talk, and Jaques doesn't want to say no to his wife. When he comes home from work, they’re both tired, so they order takeout, overspend...and repeat the cycle.
This isn't a math problem. It runs way deeper into their money identity and sense of self.
Jacques grew up in a poor household and was always told no, so he'll do anything not to feel that way again. As a stay-at-home mom, Jennifer feels the money is "his," so she finds control and comfort in food. Suddenly, all of these restaurant trips and takeout receipts are starting to make more sense. The relationship between food and finance is a tricky one to navigate.
Then I ask about their Rich Life. Listen to how vague they are about their future financial goals. When you've got a large debt that seems insurmountable, it’s hard to look ahead.
But I think there’s a way to get them to take ownership of their money.
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)
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 https://forms.gle/pjYMaLeThJM3z9uN6 (here).
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.)
This isn't a math problem. It runs way deeper into their money identity and sense of self.
Jacques grew up in a poor household and was always told no, so he'll do anything not to feel that way again. As a stay-at-home mom, Jennifer feels the money is "his," so she finds control and comfort in food. Suddenly, all of these restaurant trips and takeout receipts are starting to make more sense. The relationship between food and finance is a tricky one to navigate.
Then I ask about their Rich Life. Listen to how vague they are about their future financial goals. When you've got a large debt that seems insurmountable, it’s hard to look ahead.
But I think there’s a way to get them to take ownership of their money.
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)
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 https://forms.gle/pjYMaLeThJM3z9uN6 (here).
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 21, 2021
Format:
Podcast episode
Titles in the series (100)
2. “We’re worth $1 million, but we're so cheap, our friends don't want to see us anymore” by I Will Teach You To Be Rich