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)

136. “We have $500k in debt. Can I retire early?” (Part 1)

136. “We have $500k in debt. Can I retire early?” (Part 1)

David's 33 and Halima's 37. They’re been married for one year, a second union for both. The deep emotional (and financial) scars from those past relationships tint how they see the world today, limiti...

26 Des 20231h 6min

135. "It could cost us $50k to have a baby. Can we afford it?"

135. "It could cost us $50k to have a baby. Can we afford it?"

Kait is 36 and Em is 35. They’re married and pursuing IVF as a means to expand their family. But a misalignment on money stands in the way of a truly shared vision for their future. Em shuts down and ...

19 Des 20231h 15min

134. “I make $24K a year but my truck costs $1,600+ a month” (Part 2)

134. “I make $24K a year but my truck costs $1,600+ a month” (Part 2)

Part 2 with Becki and Dustin drops us right back into a contentious conversation about Dustin’s 6-wheeled truck, but his and Becki’s misalignment runs a lot deeper than that. Once their numbers are re...

12 Des 202359min

133. "She has $7k in cc debt—just 3 months after I paid it off for her" (Part 1)

133. "She has $7k in cc debt—just 3 months after I paid it off for her" (Part 1)

Becki is 42, Dustin is 36. Becki moved to North Caroline from California two years ago, into Dustin’s house but is feeling disconnected from her family, like the space is still his, not shared. Her tr...

5 Des 202356min

132. “We’re $520k in debt—and he hid it from me”

132. “We’re $520k in debt—and he hid it from me”

Cassandra, 40, and Aldo, 41, discovered Ramit on Netflix—which quickly led to Cassandra discovering the gruesome details of their debt. His goal was to shield her from stress. What he’s done instead i...

28 Nov 20231h 13min

131. “We’re worth $5.5M but I feel like it doesn’t belong to me”

131. “We’re worth $5.5M but I feel like it doesn’t belong to me”

Matt is 40 and Ruane is 38. They have two kids and live in Toronto. They’ve done incredibly well for themselves, with an eye-popping net worth of $5,500,000—but lingering anxiety about money and the o...

21 Nov 20231h 12min

130. “I don’t trust him with spending. Do we have a future?”

130. “I don’t trust him with spending. Do we have a future?”

Alisa is 38 and Jesse is 42; they live in Portland with no kids and have been married for 10 years. Alisa has a growing sense of urgency related to their future–their lack of savings, modest investmen...

14 Nov 20231h 17min

129. “We spend 154% of what we make, but I refuse to get a salary job” (Part 2)

129. “We spend 154% of what we make, but I refuse to get a salary job” (Part 2)

Following up with Trin and Lucas, both 35, we chip away at an unmanageable fixed-costs percentage and broach Lucas’s unwillingness to seek salaried employment while navigating severe trust issues and ...

7 Nov 20231h 7min

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