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)

144. “We make $245K. Why do I have to ask my wife for dinner money?”

144. “We make $245K. Why do I have to ask my wife for dinner money?”

Brad and Angie, 55 and 56, are each 10 years into a second marriage. With six adult children out of the house, they’re planning to buy an RV and tour the country in as little as two years. Carrying cr...

20 Feb 20241h 6min

143. “I maxed out my credit cards on our $45k wedding. Are we broke?”

143. “I maxed out my credit cards on our $45k wedding. Are we broke?”

Amy and Tori are in their late 20s. They recently got married and honeymooned in Greece, racking up tens of thousands of dollars in credit card debt. A brand new house, changing jobs, and influential ...

13 Feb 20241h 21min

142. “We have a $2.3M net worth—but we cut coupons”

142. “We have a $2.3M net worth—but we cut coupons”

Brian is 56 and Rachel is 51 and they’re both lawyers. She’s lost thousands on a financial advisor and he can’t stop paying his daughter’s rent. Brian wants to retire soon, but the thought of losing h...

6 Feb 20241h 27min

141. “We only have $2k in savings but she can’t stop going to the mall”

141. “We only have $2k in savings but she can’t stop going to the mall”

April and Kevin are in their mid thirties with two kids. They’ve been married for twelve years and Kevin recently came across a good book on finance—one which empowered him to learn more about their f...

30 Jan 20241h 19min

140. “He put our $1M into one risky investment. Will we lose it all?” (Part 2)

140. “He put our $1M into one risky investment. Will we lose it all?” (Part 2)

Sandra, 46, and Brad, 48, return for Part 2 as we get our hands dirty with their incredible decision to invest $1,000,000—their entire net worth—into one oil operation. It’s paying out $20k a month ri...

23 Jan 20241h 19min

139. “I’m afraid he’ll leave if I don’t stop stressing about the budget” (Part 1)

139. “I’m afraid he’ll leave if I don’t stop stressing about the budget” (Part 1)

Sandra is 46. Brad is 48. They have four children and are living a high lifestyle as a result of two generational income explosions tied to Brad’s work in the home lending industry. That variance, tho...

16 Jan 20241h 6min

138. “My wife doesn’t want me to take a $720k job offer”

138. “My wife doesn’t want me to take a $720k job offer”

Mel and Babu are both 33 year-old doctors. Babu’s nearly done with his training, putting a huge decision in front of them about where to live and how much he’ll earn. The income numbers are staggering...

9 Jan 20241h 21min

137. “MLMs, crypto, real estate—I can’t stop falling for get-rich-quick schemes” (Part 2)

137. “MLMs, crypto, real estate—I can’t stop falling for get-rich-quick schemes” (Part 2)

David, 33, and Halima, 37, return to follow-up on last week’s episode, where we learned about their debt, painful backgrounds, unrealistic expectations, and patterns of negative behavior with money. T...

2 Jan 202450min

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