38 min listen
38. “He owes his ex $70k/year and it’s straining our finances and our relationship”
38. “He owes his ex $70k/year and it’s straining our finances and our relationship”
ratings:
Length:
72 minutes
Released:
Apr 12, 2022
Format:
Podcast episode
Description
Rebecca and John are both attorneys and make good money. While John makes more, he’s legally obligated to pay around $70k annually in alimony and insurance tied to a past divorce settlement.
On top of that, his income can vary widely, making the future difficult to plan for—and he has debt. He’s 61 but sees no way he can retire any time soon.
They’re dealing with not only the very real financial problems they face but also the resentment caused by them. That resentment colors every interaction they have with money.
When I start digging into where the rest of their income goes, they start to get a little dodgy. We’re going to shine a light on some of their spending habits and find a path that lets them live a Rich Life without the stress.
Connect with Ramit
https://www.iwillteachyoutoberich.com/podcast/ (Website)
https://www.instagram.com/ramit/ (Instagram)
https://twitter.com/ramit (Twitter)
https://www.facebook.com/ramitsethi (Facebook)
https://www.youtube.com/user/ramitsethi/featured (YouTube)
https://www.linkedin.com/in/ramitsethi/ (Linkedin)
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 https://forms.gle/pjYMaLeThJM3z9uN6 (here).
Produced by http://crate.media (Crate Media).
Mentioned in this episode:
Automate Your Money
If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it.
https://iwt.captivate.fm/aym (Go to iwt.com/automate for the guide.)
On top of that, his income can vary widely, making the future difficult to plan for—and he has debt. He’s 61 but sees no way he can retire any time soon.
They’re dealing with not only the very real financial problems they face but also the resentment caused by them. That resentment colors every interaction they have with money.
When I start digging into where the rest of their income goes, they start to get a little dodgy. We’re going to shine a light on some of their spending habits and find a path that lets them live a Rich Life without the stress.
Connect with Ramit
https://www.iwillteachyoutoberich.com/podcast/ (Website)
https://www.instagram.com/ramit/ (Instagram)
https://twitter.com/ramit (Twitter)
https://www.facebook.com/ramitsethi (Facebook)
https://www.youtube.com/user/ramitsethi/featured (YouTube)
https://www.linkedin.com/in/ramitsethi/ (Linkedin)
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 https://forms.gle/pjYMaLeThJM3z9uN6 (here).
Produced by http://crate.media (Crate Media).
Mentioned in this episode:
Automate Your Money
If you want to learn how to build your Rich Life with a set-it-and-forget-it system, get my free quickstart guide to automating your money. I'll show you how to automate your money and spend less than 1 hour a month managing it.
https://iwt.captivate.fm/aym (Go to iwt.com/automate for the guide.)
Released:
Apr 12, 2022
Format:
Podcast episode
Titles in the series (100)
5. “I paid off $50,000 of debt, but I still feel guilty buying toothpaste” by I Will Teach You To Be Rich