0:00 Download the Conscious Spending Plan so you can use your money GUILT-FREE: iwt.com/csp-youtube Please remember: These are real people who had the courage to come on my podcast and ask for help. Would you be willing to come on this podcast and share every detail of your financial life? Feel free to leave comments based on what you think, but remember that we are here to help in a supportive way, not to demean and criticize.
@beenieman799 ай бұрын
Love your sweater!
@Lyfewithtoya9 ай бұрын
As a single person, I'd love to see some single people discussing how they handle finances on their own. Everyone doesn't have a partner to combine finances with even though it provides a peek into what sharing finances could look like. Just a thought on a different perspective. :)
@jaddek.astrie30719 ай бұрын
Many blessings to you and your family you are doing an amazing job helping so many couples ❤
@alpinismutilitar38868 ай бұрын
love the cuple! love the videos! - not just like!!! i love your videos ! I wish you all the best . If we manage to overcome the difficulties here, you can too. And with us there is "market gossip" related to what we do in relation to money. I wish you all the best in life and success together, because you are a wonderful couple.
@childrenofgoduniteinpeacel88589 ай бұрын
Alisa, please don't let your toxic family dynamic ruin a beautiful marriage. You & your husband are obviously kind, compassionate & thoughtful people. I love the smiles at 1:09:30 You're so happy he heard you & he's sooo happy he pleased you! If you pull your mother out of your marriage, and just focus on the two of you, you'll find a greater sense of peace and HOPE. I'm so sorry your mother sent that cruel Xmas card telling you how disappointed she is in you. It's no wonder you shifted that pain to your husband to tell him how disappointed you are in him. In the moment, you got release but it didn't help you in the long run. You hurt a man who obviously loves you dearly. He's crushed by your lack of faith in him. And there's only so many times you can be told you're not enough before you believe it and give up. The same sad, hopeless feeling you feel after your mom compares you to your sister is what you put on him. Please don't destroy your marriage because of unfair pressure from your family. Jesse loves you and you love him. It's clear to thousands of strangers after just a few minutes. You guys can do this! You're just overwhelmed by toxic family fumes. Get out of there! Be free and be yourselves. You are both lovely and kind. And in this day and age, that is VERY hard to find. Best of luck to you both! I pray your marriage is stronger than ever after this!
@Capycorg9 ай бұрын
Aww this is such a sweet message and I agree!
@btbudgets9 ай бұрын
Agreed. Alisa and her husband can do this if she stops letting her mom influence her. They're adults. Alisa is almost 40.
@TheSharmam9 ай бұрын
i agree, marriage is between 2 people and not 3. And they should have been honest about money with their daughter and not have unrealistic expectations which in turn poisoned her relationship.
@zheros819 ай бұрын
Could not agree more, well written!
@baulitious17108 ай бұрын
Awww.
@MissGirl14509 ай бұрын
I don't for the life of me understand the purpose of her mother's letter. Then hearing that follow-up at the end that her parents spent her college fund just broke my heart. I'm not someone who thinks parents have to save for the children's college if times are tough, but to send all your kids to college except your last one is hurtful. Especially with no acknowledgement or apology. Her siblings are going for home from starting on first base while she doesn't get that advantage.
@rebvanwinkelstein25789 ай бұрын
For me it was the parents blaming her for not being on *the same step* as her sister (who didn t need to pay for college on her own) after clearing out her college fund. Disgusting.
@christinalinehan60069 ай бұрын
Agreed. The siblings should have pitched in for the younger siblings college fund or paying back of loans.
@TheSharmam9 ай бұрын
its certainly unfair to then compare her to her older sister who probably did not have the student loans.
@khaleesiy.78868 ай бұрын
Sounds like financial trauma. She’s upset with her parents not her partner.
@Jane57207 ай бұрын
The purpose is to make her feel bad
@pearlivory34839 ай бұрын
Man Ramit props up to you. You’re really good with navigating this conversation.
@kailahmom9 ай бұрын
I was really sad for them in the first 5 minutes but Jesse turned out to be very open, reasonable and relatable towards the end.
@pearlivory34839 ай бұрын
I think you guys can make it. Remove divorce out of your head. This really is possible you guys can come together and take this step by step together. I wish you both the best!! Combine your finances! Speak! And have a common goal. Work on building trust.
@AudreyWineland9 ай бұрын
This
@trashpageant78619 ай бұрын
She needs to leave him.
@taylorspastpresent10149 ай бұрын
Correct I don’t see any toxicity in their relationship they just misunderstand each other about money and the outside is trying to sabotage what they have going on inside their relationship. It’s a shame. Parents need to stay out of it.
@ehawk309 ай бұрын
@@taylorspastpresent1014 Not, It's really, she is 38, the older women get the more security they need. I mean If Jesse could buy a house and be trading stocks while having 500K in investments she wouldn't feel as she does now. It is what it it is. she needs to feel taken care of by a go getter kind dude.
@twlight90009 ай бұрын
I really loved listening to this conversation. You could tell that Alise and Jesse are both really kind individuals. They were so open emotionally during this conversation, it really felt like a breath of fresh air hearing them navigate their history and future with money,
@taylorspastpresent10149 ай бұрын
One of the easier less painful episodes to watch. These people were awesome and have a great future with the recommendations.
@LovethosePNWVibes4 ай бұрын
Man, what a roller coaster. From Jesse being so low on himself, that he basically tells her he understands if she leaves him, to figuring out that money is really similar to training. Just that metaphor gave him the confidence he needed to see that things can get better, to get in there and try. What a beautiful episode, and what sweet people. Well done Ramit!
@leecaldwell10299 ай бұрын
Ramit hits the nail on the head about Car and Home purchases being based off payment amounts. I literally died inside when I found out that people actually get auto loans 84-96 months.. like that is literally insane.. 96 month loans at 9.7% is what my local credit union is advertising. I cannot understand how people can do this.
@lowlowseesee4 ай бұрын
the myopic view that he mentioned is how.
@debbielockhart776229 күн бұрын
I hate financing for vehicles on any level. I bought a new car ONCE in my life (I'm 54). It was only a $17k Corolla, and I still regretted having that payment lol. I promised myself I would never have a car payment again. I just buy used, and I drive the wheels right off them lol.
@KnineFeline9 ай бұрын
Current and Future Parents --> Please, for the love of all things holy, do NOT emotionally charge a card or letter to your children during holidays, birthdays, celebrations, etc. with your not-so-secret resentments, manipulations, excuses, false apologies, and/or "what I think you should do with your life choices." You have NO Idea how much that hurts the recipient on an emotional and psychological level. It hurts the part of the heart that only parents can touch and once inflicted, it's a deep wound that always remains.
@TheSharmam9 ай бұрын
if they are so worried about her "future" which they robbed her off, why not put in a check now that they comfortably retired ?
@debbielockhart776229 күн бұрын
Agreed. How odd to put negativity into a card. I would never do that to anyone. Not the time or place for that kind of shit.
@Orangutanga__9 ай бұрын
Ugh. To hear of her mother’s intense judgment only to find out how unjust it truly is when you consider her parents’ role in the financial situation she is in. Wow
@pearlivory34839 ай бұрын
Wow her follow up just made me remember that’s the exact reason why I went into studying economics and accounting. My dad paid for everyone else’s tuition but mine because he lost money in his construction business in 2008. Now I have $83k in student loan debt. Of which I’ve paid off $20k which has mostly gone to interest. I wonder if I have resentment too, sheesh this is good!
@Joce1239 ай бұрын
Seriously concerning. From a medical perspective EXERCISE often because those negative feelings get lodged in your muscles ..root cause of fibermyalgia and MS..
@kristinab10787 ай бұрын
Your dad paid 80k for all your sibling's to attend university? I don't know how parents can do this and put away any money for their retirement. I had one year paid for by my parents - 8k.
@hannujabella7 ай бұрын
@@Joce123interesting
@mandypdx2 ай бұрын
My brother got his college paid for, i got one year. This was because my mother passed away and her husband wouldn’t help. It took me a long time but i finally paid it off (90k)
@Lavida-melody9 ай бұрын
My jaw dropped when they didn’t know they made $125K a year. I’ve enjoyed this episode!
@cobanfawcett25367 ай бұрын
Having personal finance as a hobby is difficult because it’s such a touchy subject and people don’t want to talk about it openly These vids are so interesting
@Capycorg9 ай бұрын
This was one of my favorites... They both came in with some seriously problematic thinking about money and confronted their issues together. They're definitely behind on retirement savings but they have the right mindset!
@Cai02190-m9 ай бұрын
When asked “What do you think the solution is?” people are always quick to respond that they just need to simply make more money, as if that would solve all their problems. Without fundamental issues being addressed as to how they got into debt in the first place, reducing spending habits, and following a budget, making more money wouldn’t necessarily solve anything.
@holamissmusica9 ай бұрын
"Other fish in the sea" and they're married? Oh gosh, he sounds tapped out.
@Playingwithproxies9 ай бұрын
“Other fish in the sea” seemed like it was for her. He seemed like he was saying she might do better with a wealthy person.
@AudreyWineland9 ай бұрын
She wants $5 million, but married a 42yo personal trainer with $70K+ in student debt. Tough road ahead.
@Daveyjonesvi9 ай бұрын
@@AudreyWinelandthey’ve known each other for years before getting married and coming on the episode so it’s not like this is new to her.
@jessicarogers94209 ай бұрын
😮
@jeromehenry44849 ай бұрын
@@AudreyWineland They have been married for 10 years.
@tashachristina9 ай бұрын
Amazing episode!! Thank you for being so open and honest Jesse about playing small, I’ve been doing the same thing with my career aspirations. After a good long cry, I sent out 10 emails for job shadowing and if I don’t hear back, I’m committing to send 10 more next Tuesday. No more playing small!! ❤
@landlubber420699 ай бұрын
What kind of psychopath writes that in a Christmas card?! I think I would cut ties with the mom. That sounds like a toxic relationship and it'll constantly eat away at your own mental health and self-esteem knowing that your mom/MIL looks down on you because of how much money you make.
@woboznz9 ай бұрын
I hope they figure things out as a couple, both good people.
@user-vq8cy2km4d9 ай бұрын
I mean, this is so sad!! They are married but live like they are single. The way they talk: “his money”, “her money” “his debt”. It is so hard to make a marriage works when there’s no team work.
@Joce1239 ай бұрын
Team work does not mean marriage..omg..Marriage no longer makes sense
@jeromehenry44849 ай бұрын
I mostly agree with you except for student loan debt, that is definitely an individual's responsibility.
@saeedhossain60995 ай бұрын
it's frankly worse than that, it sounds very controlling, consciously or unconsciously, to tell a partner what they should or shouldn't order, while having the other person pay for all the bill with "their money".
@yudicano74819 ай бұрын
I am 16 about be 17 in 3 days! And I love ramit I recommend his book to all my friends and on my social media and I am like watch his podcast it so good! It will teach what to and what not to do. I love your podcast and your book thank you!
@kstearns9219 ай бұрын
omg I love Jesse's description of the weekly money convo being a Team coming to practice! Such a great approach as it both acknowledges that a couple is on the same side and working together, and also that they're not going to be perfect right away or ever but this is a practice. That is so great! I really hope this all works out for them. They seem really lovely.
@troutunderscore39 ай бұрын
They need to combine finances. Jesse is the one usually paying when they go out but she is mad that he isn’t saving!
@milivaro9 ай бұрын
Exactly! It’s easy to save and invest when the other partner is the one putting the money for guilt free spending
@rachelschwinghammer69169 ай бұрын
@@milivaro Totally agree, if you can share a bed in marriage and everything else, why not finances? It shows trust.
@truebengalsfan9 ай бұрын
Most people don't trust each other financially
@ST-rj8iu8 ай бұрын
I noticed that as well. She argued over him spending 10 bucks on what he wanted, but then she ordered dessert.
@PieEater14929 ай бұрын
The intro is already heartbreaking.
@Dan166739 ай бұрын
jesus yes
@ayela5629 ай бұрын
Yep
@mizzmolly76499 ай бұрын
I know. That was scary.
@Capycorg9 ай бұрын
It gets so much better... Keep watching! These two are going to be just fine.
@nenuphar07229 ай бұрын
Wow! That follow up email from Alise was very powerful! Thank you for sharing it with us!
@kristine-lo8 ай бұрын
I've listened and watch so many of your episodes but this one was my favorite! I hope you end up doing a follow-up interview with them as they seem like really kind people. Personally really resonated wtih Alisa's guilt and shame around money (Also have an accountant parent) and experienced financial hardship in high school that has left me feeling lack & scarcity daily as an adult. Thank you Ramit for these episodes! They're so inspiring and personally close to following every financial tip + step you've laid out in your book.
@sue17039 ай бұрын
Thank u for sharing your financial story! Alise and Jesse are a really nice couple. Wishing them all the best! :)
@Beebooopbeebeee7 ай бұрын
Your podcast keeps me motivated and learning. Coming from poverty and having to learn money management in my 30s, I pick so much up from these episodes. I will definitely be talking about money and spending with my children
@sct40404 ай бұрын
I didn’t start saving and investing until I turned 30 also. Take it from me, it can be done. 😊 we are retired now and we are fine.
@shashakeit0139 ай бұрын
I loved this episode so much. I’m really rooting for these two! I hope they find a way through this because it’s clear they love each other.
@PSmith-ie9jx9 ай бұрын
Lovely couple, with such great conversational skills. Sounds like they're ready to put those skills to use.
@timaaa509 ай бұрын
This was such a great episode! It's wild her mom essentially shames her for her financial decisions when she herself made some questionable choices
@louisagraham89579 ай бұрын
This is far more than financial advice, its very emotional, inspirational. I have your book, I'm currently making changes. I've talked to my friends & my partner who is on board. I've invested for the first time ever
@michelem2268 ай бұрын
Can you also talk to people who are good with money and people average with money? It would be good to see what might be different. Different personalities, different upbringings, luck, etc.
@izy03219 ай бұрын
Dang second episode with a timeshare! I thought people didn’t fall for those anymore…
@atomp70556 ай бұрын
I was nervous for this couple at the beginning to middle part of the video. But the last 15 minutes really shows how important clear communication is with your significant other
@dm39889 ай бұрын
Elise’s story is so relatable but her husband looks unhappy. I hope she realizes what she is doing and saves her marriage.
@paulwall1429 ай бұрын
1. He doesn’t save money(saves 200$ less than her monthly. 2. He pays when they go out. Sounds like he’s saving more than her, she is just being subsidized by him.
@hawker44729 ай бұрын
I like to think of debt as fat and savings/investments as muscle. Doing well with money for fitness-minded folks can be motivating by thinking of paying off debt as burning fat and investing as building muscle.
@blackwomenbuildwealth9 ай бұрын
I hope she frees herself from making her family "proud". I hope they can both focus on themselves and live their life out loud and unapologetically. Family will come around if they truly love them. You guys get this 😊
@sct40404 ай бұрын
A. should tell her mom that xmas card was hurtful and start speaking to her frankly. If mom doesn’t back off and stop projecting her own insecurities on her daughter then start stepping away.
@Robyn1015 ай бұрын
money use to be such a taboo thing to speak on. I'm so grateful for this show and getting to see myself ( my money psychology) in all of the couples who come onto your show. I haven't been a guest but surely I've been learning so much! thank you!
@joseCalderon19769 ай бұрын
Those parents are TOXIC. They are not helping. I just don't understand why we adults have such childish tendencies sometimes. My mom is 65 and she also has some childish tendencies towards my wife and my two kids. So do I, but in other areas of my life, which I'm currently working on. The issue with this couple goes further than finances. They need some counseling for their mental health. So do the parents. So do I. So do all of us. 👍. What we do with our money is just a side effect of where our mind is, so in order to be the best person we can be, we also need therapy from a good psychologist or counselor, a marriage counselor, plus some very good advice from the host here 👍👍👍👍
@truebengalsfan9 ай бұрын
They are adults can't blame parents for everything
@truebengalsfan9 ай бұрын
50:00 5 million dollars by retirement age and they are 40 with -44k value this bitch is unrealistic
@btbudgets9 ай бұрын
1000% agreed
@Nanni-uh3kc9 ай бұрын
I really like this couple and had similar experiences in my childhood as Alise. Greetings from Germany. Thank you for doing great videos 👌
@theChef13379 ай бұрын
Just started the video but if this is another 2 parter im gonna lose my mind. Edit:just finished. Great episode. This couple will be just fine
@tharris28539 ай бұрын
Alisa seems be making the financial mistakes. She wanted the timeshare and career development for $11k.
@onlybygodgrace11759 ай бұрын
Why do you feel you have to explain yourself to the family live your life your grown people what??
@mmonten9 ай бұрын
Enjoy watching your episodes early with my morning coffee❤
@charlysti62999 ай бұрын
don’t give up you will be surprised what a shared vision can do, it’s all about having a vision
@ExpansiveReviews5 ай бұрын
I appreciate these two for sharing so much and being open. Their experience is so unique and I hope they have a bright future ahead!
@jeanjohnson64439 ай бұрын
This couple has it...thanks for telling their story.
@meanmugging8 ай бұрын
Talking about the importance of the phrase "save your money" really got me thinking about my life. I have an okay job now, and grew up in a family that got by, but I always felt like I had nothing compared to other kids. My parents didnt spend any extra on anything unneeded. First home growing up was a trailer if that says anything. Yet im good with money and debt free. And I was told "save your money" a lot. Makes me wonder if thats where it all started and I didnt even know it.
@Azel2474 ай бұрын
The part near the end is what frustrates me the most. She doesn't even know what she wants, but she expects him to know. She knows what she wants to "feel" but there's no way for the guy to know what she feels. She asks for specifics but cannot give a specific example herself. When you don't have a goal, how can you work towards it?
@suzannezaccour83739 ай бұрын
Would love to get follow-ups 3 to 6 months later so we can see if there has been real change, or just a moment of motivation
@pearlivory34839 ай бұрын
I’m an accountant…. I seriously don’t know much about investing lol…. My husband and I are not too different from this couple. My dad told me two days ago that I should have had $200k saved by now. And my dad told me about my cousin who apparently has $350k saved at 28 years old.
@weswest86669 ай бұрын
Your cousin work for big tech in CA or win the lottery?
@lulubelle20099 ай бұрын
Why does your dad know how much your cousin has saved? That's equivalent to you trying to keep up with the Joneses 🤦🏾♀️
@jeromehenry44849 ай бұрын
Did your dad pay 100% of your college? Did dad let you live at home for free so you could save $200K? If no to both questions, then he needs to STFU.
@loliwelch91519 ай бұрын
We also have no idea how old you are.
@Adman-p4j9 ай бұрын
Excellent episode. I have a lot of confidence in these two. They're ready to make the change!
@dearestdarling94679 ай бұрын
Any hope for a conversation with singles one day, Ramit? That could be interesting too! Great episode, as always
@ramitsethi9 ай бұрын
Not on this podcast, but I frequently speak to single people during live Q&A on iwt.com/moneycoaching
@SaraSilva-gs8sb7 ай бұрын
So she polices what he orders to not be “excessive” but she’s fine with him paying for her?! If she truly cared about his debt she would pay for herself or for both of them. That would get old quick. I don’t blame him for being over it.
@PayThePiperr9 ай бұрын
If she needs 5 million to be happy, she will never be happy.
@michaelb.89539 ай бұрын
I found that interesting that she thinks she needs $5 million for a comfortable retirement when they hit 65 years old in 25 years. That comes out to approximately a $350,000 a year income plus social security if it's still there. That means they need to save starting today $200,000 a year after taxes year over year until they retire all on their current income of $125,000 a year before taxes, currently not possible. Most people even today don't need 5 million to retire especially if you go into retirement with absolutely zero debt.
@Britt48809 ай бұрын
@@michaelb.8953 out of curiosity does your calculation include compounded dividends/returns of 7-8%? Or just calculating the literal amount to get 5 mil?
@jdp4869 ай бұрын
@@michaelb.8953At 4% withdrawal rate, they'll have about $200k per year. Considering inflation, she's not crazy for wanting 5 mil.
@stephanielevonne9 ай бұрын
@@michaelb.8953they need to save 4k/mo to reach 5 million at age 65 #compoundinterest
@SaraDickfoss3 ай бұрын
@@michaelb.8953you need to factor in inflation though. $350,000 a yr will be less then. I was doing some calculations myself and to feel like living on $75k in today’s money, I would need around $325,000 in about 40 years.
@isabelreyes63876 ай бұрын
Something very odd about a woman that will gladly get a timeshare but will argue about her spouse’s entree choice at a restaurant when HE is the one paying for dinner. 😂 poor guy.
@AccordingtoNicole9 ай бұрын
$125k a year as a combined income for two people in Portland isn't much. They need to each be earning that. edit to add: at $125k a year combined, or $62,500 each while charging $85/hr that means that they are each only working 8.5 billable hours a week. WTF? That's not a job. That's a side hustle.
@joycef84439 ай бұрын
Closer to 14 hrs each per week but still not full time..
@rory6449 ай бұрын
Most personal trainers don’t work 40hts a week as it’s exhausting work and it’s extremely hard to fill every hour in the day. Most people only train before & after work,
@akbarnaqvi47376 ай бұрын
The median household income in Portland is 83k. It's not rich but they shouldn't be in this much debt.
@YIWOTY2 ай бұрын
Great video, but perhaps Ramit should share a little more concern about their lack of savings and investment. A self-employed couple with an average age of 40 and a negative net worth should NOT leave a financial coaching session focusing on “we have more time than we thought.”
@simoneXox9 ай бұрын
Guys, please work through❤😊 You're a great couple !!
@JesusLugo9 ай бұрын
Audio was good for rhe most part, but on Ramit's side break and ads, the audio came in significantly lower. This caused me to constantly adjust audio throughout the episode. Great episode as always.
@kimhayes3828Күн бұрын
Love Ramit's show. It occurs to me that a lot of people have financial trauma going generations back. The US needs to improve our social safety nets. This isn't socialism, it's government working FOR PEOPLE, enabling them to reach their true potential. I love how Ramit calls out how folks often act against their own interests. VOTE BLUE!
@lisgridcarranza10089 ай бұрын
Also, not fair of her parents to compare her to her older sister if her older sister didn’t have to get student loans
@methenybestfan9 ай бұрын
I am surprise no one is calling her out She has issues she has to deal with first - some of which are controlling. She wants him to get a 17$ meal instead of a 28$ meal, a $10 difference because it would "feel" he's saving money even if its not rational. Added to all this, she applied for the show, without telling him.... WTH????
@segredosdotiosam99899 ай бұрын
its not about the $11. She is worried about his financial decisions in general.
@methenybestfan9 ай бұрын
@@segredosdotiosam9989 thats the point Its not about the $11. Rationally that dont change anything. She just wants to "feel" he is as much concerned about their finances as she is But as she said in the follow up she was living inside her head, thinking she has to do this alone without ever truly expressing what she wants because she doesnt know. She just feels anxious. Furthermore, when Ramit broke it down, they are not in a bad situation at all Because she feels (unwarranted) anxiousness, she needs to exert control. This is so wrong and goes to show how lots of people have no control and understanding of themselves first. A lot of her anxiety comes as Ramit broke it down and as she end up realising from her background not from her husband I feel bad for her husband, he's almost giving up becuase she doesnt really know exactly what she wants because she lives in anxiety and in her head while not grasping and trying to see if it matches reality The fact she went on applied for the show without telling him is a red flag She asks for partnership and being on the same page while not acting in kind
@twlight90009 ай бұрын
I mean she very clearly stated that shes aware of the control issues and that it was all stemming from fear and anxiety. Which is why Ramit spent the entirety of the conversation re-framing her thoughts instead of going into the specifics with the numbers.
@segredosdotiosam99899 ай бұрын
@@twlight9000 Come back here when you are a 38 year old woman trying to start a family.
@jeromehenry44849 ай бұрын
@@segredosdotiosam9989 Neither of them expressed any interest in having children.
@Newinthropeslady9 ай бұрын
I like this couple I think they are both scared, I think they needed to let some of this out. I think if they work through this, they’ll be okay.
@Julian-zc9vm9 ай бұрын
No offense but they have the finances of a 25 y/o. The wife shouldn’t let her anxiety over the situation drive them apart, but their situation is in fact an emergency for them to be 40 years old.
@davidk64828 ай бұрын
I found it telling when Ramit said if she had 5 million in her bank account, she still would stress over money. It seems her view on money is warped, and her mom isn't helping. Tbh they would need to clear off all that debt before even investing, that would be a good starting point
@bennyng76510 күн бұрын
If you don’t have 30K in your late 30s or early 40s is dangerous. In fact, 30K is not much in that age.
@sct40404 ай бұрын
This couple definitely needs to make more money, so they can save more. In addition to that, they have to have different buckets of money, mad money is needed so they can spend without guilt.
@aounjafarey10364 ай бұрын
I must say you do a great job of getting something much more profound or deep out of the guests by the end of the conversation with almost all of your guests.
@judyfabion88499 ай бұрын
I remember going to the bank with my mother when i was about 6 years old and opening a savings account. I also had a piggy bank on my dresser to save change. Saving money was seen as a very positive habit.
@bethan.gruffydd9 ай бұрын
I'm only 10 min in, but one partner full-on babysitting/policing the spending of the other is never a good sign. Hope she will see how her backseat driving is not effective and isn't going to actually help him learn anything about his finances. It's just enabling her to feel self-righteous. They're not collaborating.
@bethan.gruffydd9 ай бұрын
Ahh, there it is with the holiday card from Alise's mom: She's doing the same passive-aggressive, nonproductive judgy thing about spending with Jesse. Really hope Ramit will help Alise realize this in the course of the show
@georginacantu64999 ай бұрын
They seem to love each other and I think they can fix this and become a team
@jevonmartin22508 ай бұрын
As personal trainers they can turn to online coaches and make an additional 100k between the two of them. They aren’t in a bad position, that would put them at 220k a year. They will be fine but need a mindset shift
@VanillaCokeFriends7 ай бұрын
This is such a fabulous episode. Thank you to this couple for sharing. I'm not gonna lie, I judged them a lot in the beginning, but hearing their whole situation it's really understandable. They've got this!
@bitKitty9 ай бұрын
I was thinking, while listening to them talk about their work… I’m wondering why they can’t add more to the business, to bring more $$ in. What I’m saying is, they could sell some retail products. I don’t know much about training but an example is: when we owned a hair salon, we sold retail products, like shampoo and conditioner and styling products. Typically, these products have a 100% markup- even 200%. It’s TOTALLY passive.. the product sells itself… if they use these products on their clients, they will buy the products! It’s a huge income raise, without doing any more work. ✌🏼
@swithheld99058 ай бұрын
These folks are sweet. I hope he can give her the security that she needs and she can relax and give him the communication and space to change that he needs.
@ethanstaub28909 ай бұрын
This was an amazing video. I’m so happy I found this channel. ❤
@tiff9659 ай бұрын
I am hopeful they will see their marriage with renewed eyes and continue to have compassion and respect for each other. I believe they have what it takes to make changes that will help them feel more financially comfortable! 🙏 Best to you both!!
@stevenspencer3067 ай бұрын
When Ramit got upset at 55:50, I was pretty shocked. At first it does sound like a $5/session increase isn't much for a new cert. But when he calculates it out as 2200 sessions, I started thinking that 2000 hours is a typical year for a 5-9 job. So $5 covers the investment in a year. But then I realized that their income is very incongruent with a 2000 hour work year. Given their rates, they each only do about 15 sessions a week or 750/year. There's time in the week to more than double their incomes.
@PM-tf9hi8 ай бұрын
I am rooting for you two, you got this!
@featherpayne8 ай бұрын
Trick i started using about 5 years ago. Before buying anything! ask yourself is this going to be eaten or will I have and use this item in 5 years. If not don't buy it. Eating out being more aware of the cost. Also clothes and shoes are not important. I now wear only black pants and if i buy 1 shirt I have to be willing to give away three. This was just me identifying the things I was wasting money on. Since my awakening I have been able to knock of years off my mortgage. No longer have credit card debt. It was hard to change my way of thinking.
@jeromehenry44849 ай бұрын
Just to point out a pit fall regarding "breadwinner" status. In this particular couple, Jesse/husband makes 89% of Alisa/wife's income. If you look at that as percentage of Household Income, it comes down to Jesse brings in 47% versus Alisa's 53%, really not much difference. Individually they are scraping the bottom of 3rd Earned Income Quintile/"Middle Class", but as a Household they are squarely in the middle of 4th Earned Income Quintile/"Upper Middle Class". It behooves both spouses to get on the same page. However, Alisa needs to choose her words carefully; Alisa brings up investment goal of $5million when there is still $96K of debt that must be addressed first. No wonder Jesse is deflated. Wish Mr. Sethi had asked Jesse how much he did earn prior to Covid shutdown, it might have been he was the significant breadwinner of the two at that time.
@sct40404 ай бұрын
Scammers are everywhere, remember that. Never buy a timeshare, and never buy a large item when you don’t have the money.
@kevinkidneyy6 ай бұрын
She acting like she is killing the game , she not that far from him wtf . Be a team and work together
@Sar04 ай бұрын
I hope they realize they are the most important family now. More than. Their own parents . Best of luck
@judyfabion88499 ай бұрын
Both are in the same profession as personal trainers. That can be financially risky if the demand for personal trainers decreases. Maybe in Portland $85/hr or more isn't high, but when the economy contracts, the client base may see this more as a luxury and reduce or eliminate this area of spending. Also, in Southern California it seems that there is an abundance of life coaches, personal trainers and yoga teachers. It must be very competitive to get and keep clients.
@ehawk309 ай бұрын
talking about Americans loving being scammed. I'd never pay 20/hr for a personal trainer let alone 85 bucks. It all a scam.
@DonBrownII9 ай бұрын
love these episodes
@staceyswanson39187 ай бұрын
Her trying to control his spending and make comments are similar to her Mother doing the same to her. But I know how Alisa feels as I was married to someone with a laid back outlook on finances, paying mortgage on time, spending money on going out with no savings and lots of debt. As an accountant and money coach for women, I now know how important it is to discuss finances prior to marriage, buying a home or other large purchase, just like you would discuss having kids, religion, political affiliation. This stuff breaks up marriages!! Learn it and talk about it. Good luck to you both!
@mmp4959 ай бұрын
A good, genuin couple. I hope they focus on their own happiness and future together. Please be careful about searching and hoping for your families approval. ❤
@user-uc3qs1gx2dАй бұрын
Now I see why they are separate interviews
@annerasakit40445 ай бұрын
Thank you Ramit! For answering on life insurance!.. Although we brought universal life for 100k each ..you stopped me on upgrading to bigger policy!. Thank god!. There's nothing that we can do on that 100k policy now😢...but we learned.. I Thank you Ramit.🙏
@thisisyourfinalwarning9 ай бұрын
are your parents Indian? 🤣🤣
@jeromehenry44849 ай бұрын
Love that line!
@lindaanderson10169 ай бұрын
Dealing with hardship can make us more resilient.....As we mature and deal with life, we notice more what our parents did right. I hope our kids can see both strengths and weaknesses. Meanwhile, " all have sinned and fallen short of the glory of God." Even if our parents were perfect we ourselves would do wrong.
@francescaruggiero76738 ай бұрын
Thank you very very so much Ramit for these podcast
@carieyounginsurance7 ай бұрын
I know a man who had their own mom right up all the costs of what he owed them thru the years also - it’s affected his relationship with his mom and other woman badly…that’s so crazy to me a parent would do that to any child!!
@lawandahilaire50579 ай бұрын
Ramit, I want to see the CSP for families with children in school particular clubs. Would kids activities be a fixed cost? I feel like it’s always around couples with either no kids or small kids. Where do I plan music, art and swim classes?
@shashakeit0139 ай бұрын
Ive listened to all of the episodes of this podcast and usually people include it in fixed costs. However I’ve wondered this myself… do I want my kids to be able to do after school activities? Yes. But is it a need? No. So to me that feels like guilt free spending. We could stop the piano lessons and sports if we needed to.
@lawandahilaire50579 ай бұрын
@@shashakeit013 that’s a good point didn’t think to put it under guilt free spending! Thank you for this 🙏🏾
@janaynmelis52507 ай бұрын
I put my daughter's daycare, pulls ups and soccer classes as fixed expenses sense it's something that is debited from my account and doesn't change (until she goes to public school).
@kailaleebabineau39625 ай бұрын
That's the problem with needs v wants budgeting. It doesn't work for our family. We just budget bills v discretionary spending
@eleniderez8609 ай бұрын
This is painful to watch
@amalyeljak-tc2sk5 ай бұрын
I will really love to see them work things out. I love them ❤❤