72. Answering questions about recessions, marrying the right person, and firing a financial advisor

72. Answering questions about recessions, marrying the right person, and firing a financial advisor

This is a special solo episode where I answer questions from members of my Money Coaching program. In today’s episode: How to handle a recession, how I thought about marrying the right person, how to hire a financial advisor (one of my favorite stories), and how to apply some of my advice to your situation. Join Money Coaching here: iwt.com/moneycoaching 00:01:16 — 1: What advice do you have about combining finances with a partner? 00:08:35 — 2: How does your money strategy change for a recession? 00:15:13 — 3: What would Ramit say to a single person who wants to marry the right person? 00:23:11 — 4: $3 questions vs. $30,000 questions 00:26:18 — 5: I'm a late starter. How do I calculate my contributions after age 50? 00:28:50 — 6: How do I balance funding an emergency fund and contribute to retirement every month? 00:33:01 — 7: What is your recommended asset allocation? 00:33:11 — 8: I'm curious how others think about different kinds of debt. 00:39:39 — 9: How do I fire a financial advisor? 00:50:54 — 10: Should I continue contributing to my Roth IRA even when the market is doing so poorly? 00:52:58 — 11: What is something about psychology Ramit wishes more people knew and took action on? 00:56:36 — 12: How do I protect my kids and think about where I want my money to go when I die? 01:03:09 — 13: I’m throwing out a humble brag after checking the history of my earnings at ssa.gov. 01:04:30 — 14: I’d like to celebrate a win overcoming invisible money scripts while out to dinner with my family. Connect with Ramit Get Money Coaching with Ramit Download the Conscious Spending Plan 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.

Episoder(257)

152. “The world is going to end. So why bother investing?”

152. “The world is going to end. So why bother investing?”

Fernando and Anushka, 30 and 31, live in San Diego and earn high incomes—matching $135,000 salaries, in fact. They have healthy investment and savings rates, send money to his family back home, and re...

16 Apr 20241h 32min

151. “Our gas is about to get shut off, but I refuse to sell any of my 7 cars”

151. “Our gas is about to get shut off, but I refuse to sell any of my 7 cars”

Peter and Megan, 36 and 37, are married with no kids but severe financial stress threatens their future together. Peter has grown to resent Megan’s unwillingness to seek a higher income. He’s changed ...

9 Apr 20241h 7min

150. “We’re broke, but I spend $350/mo on clothes” (Part 2)

150. “We’re broke, but I spend $350/mo on clothes” (Part 2)

In part two with Elizabeth and Jonathan, 36 and 38, we continue unpacking their complicated personal backgrounds with money as they relate to current spending, investing, and saving habits. They’re st...

2 Apr 202456min

149. “We have no savings but bought our kid a $500 toy for Christmas” (Part 1)

149. “We have no savings but bought our kid a $500 toy for Christmas” (Part 1)

Elizabeth and Jonathan are in their mid-thirties, have been married for 13 years, and share a young daughter. They bought a starter home after getting married, but expensive renovations are still unde...

26 Mar 202452min

148. “We have 2 kids and $0 invested, but refuse to get 9-5 jobs”

148. “We have 2 kids and $0 invested, but refuse to get 9-5 jobs”

Callie and Travis, 36 and 39, have two kids and live in southern Texas near the ocean. They’ve made a conscious decision to run their own small businesses without the pressure of climbing a corporate ...

19 Mar 20241h 17min

147. “I don’t trust him with money, so I check his cc accounts”

147. “I don’t trust him with money, so I check his cc accounts”

Ashley and Christopher, 30 and 28, recently got engaged and look forward to planning a wedding, having kids, etc. But Christoper has lived with credit card debt his whole life. As an accountant, he fe...

12 Mar 20241h 12min

146. “I'm jealous when I see friends' vacations on Instagram”

146. “I'm jealous when I see friends' vacations on Instagram”

Erik is 44 and Andrea is 43. They’re trying to determine what to do with a bump in income. Andrea wants to save for college tuition, because that’s what her parents did. Erik’s did not, so he’d rather...

5 Mar 20241h 17min

145. “Am I a bad mom if we can’t do a $7k Disney trip?”

145. “Am I a bad mom if we can’t do a $7k Disney trip?”

Kristin is 32 and David is 38. They share five kids in a blended family and David is getting close to military retirement. The problem is their spending—fueled by emotions alone, they make purchase af...

27 Feb 20241h 11min

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