About this episode

Ramit Sethi helps a couple confront their financial issues and redefine their relationship with money.

Ramit Sethi of I Will Teach You To Be Rich talks to Kristina and Erin, a married couple who have been together for 10 years, raising two children in Toronto. They make good money, but they have no system for their finances, which has led to years of avoidance. They've accumulated $106K in debt and have only two weeks of savings. While Erin, the "stable one," has a full-time job, Kristina’s entrepreneurial journey has been marked by wildly inconsistent income, including a $50K loss on NFTs. They both admit they don’t trust each other or themselves with money. Ramit helps them confront their fears, redefine their relationship with money, and finally start working as a team. In this episode we uncover: • How Kristina lost $50K in NFTs • Why Erin struggles with "spending with emotion" • The cultural component of their Catholic guilt around money • How their childhood experiences influence their money habits • Kristina's fear that her income won't last • The surprising truth about their combined income • Why they avoid tracking their spending • Their identity as "coach collectors" who avoid real change • Ramit's "60-second truth-telling" exercise • Why they need to be aligned as…

People in this episode

Host: Ramit Sethi

Guests: Kristina, Erin

Topics covered

• debt management
• financial systems
• couples and money
• trust and finances
• cultural influences on spending

Keywords

• debt
• money management
• couples finance
• NFT loss
• spending habits
• financial trust
• credit card debt
• cultural guilt

Mentioned in this episode

Organizations: I Will Teach You To Be Rich

Places: Toronto

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