00:00 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.
My wife and I have grown a TON financially after watching Ramit's Netflix special and then watching the podcasts. Thank you so much for the financial counseling from a distance!
I was actually the person speaking at 57:02 I will say the experience was incredible the setting was amazing and being there in the room doesn't compare to listening or watching at home. Ramit was so personable speaking with the audience several times all while maintaining a connection with the guests. This podcast has meant so much to me and my wife, we listen every week and discuss our thoughts. Thank you Ramit!
“Doesn’t compare to” means the second thing is better. So the way this is worded, you’re saying that listening at home to the podcast was exponentially better than being there in person.
There are classes in prisons based on your videos. I was talking to a family member and they were telling me about you but I mentioned that I have been listening/following you for close to a year and watch your podcasts weekly. Good realistic advise passed to those who are looking to re-enter society. Keep up the great work!
My mom always said “ we have no money”. I was thinking we were poor. Then I knew that my mom saved all money she earned as full time teacher for 40 plus years, just living my father’s income also as a teacher. They have no debt. They paid their children’s college tuition. ( we have no student loans) and they supported buying houses for their children. Huge down payment. I
Do you think your mom’s statements about having no money has affected your beliefs about money as an adult? Would you have preferred she explained how they were investing their money instead of simply saying you all had no money?
@@CambieSweets Well, I should have noted that I grew up in Japan. My parents never refused allocating money to educational opportunities but not so much for toys or fancy clothes or such. I think I leaned differences between Need and Want since young age as her comment. Investment is not the first option for Japanese people, especially in 80's and 90's.. But I wish they told my WHY they are saving money for what. I just found out my mother saved all her income after I glow up.
@@zacharyfair6738 My grandparents were farmers, and they always brought in tons of vegetables and rice to our home. (I am Japanese ;)) Also I glow up in 80's so life was good :)
I love this episode - especially the idea of using money to make things that matter to us “magical”. We recently went on vacation and spent slightly more for a hotel room with a separate bedroom so the kids could go to bed before we did - it made the vacation so much more relaxing for all of us! We’ve never done it before because I was tyrannical about finding the cheapest room, and now I so regret ruining my own vacations over $100 a night. Another example is that we’re planning a jewelry purchase for a major milestone and I’ve been looking at the cheapest options while feeling a bit uneasy/unhappy with the look. Yesterday I saw a higher quality (and more expensive) piece of jewelry that was so so beautiful in person and I imagined how magical it would be to open that box and see the reflection in the mirror each time I wear it. I think I’m going to go for the magical option!
These people are us, like 3 years ago. My wife finally made a stink about getting cleaners and a lawn maintenance guy, and we went ahead and did it. Turned out to be a great idea - highly recommend if you can afford it.
@@joeyjoey22 Whatever makes you happy is great, but hiring help does not make you useless. Paying my wonderful cleaning lady to come once a month while we’re at work gives us extra time with our kids, and costs very little compared to our income. It would be a waste of time and money for us to instead have to take time away from making money and being with our kids to do even more cleaning than we already do.
If I could rank my favorite formats, it'd be 1) at home, 2) in front of an audience, and 3) at the studio. We all like the at home because its different and people tend to be more vulnerable. I'm not sure if this couple just happened to be very charismatic, but I liked the audience interaction here more than when it feels a little stale in the studio. The studio seems like the worst of all worlds - people aren't willing to be as honest like at home, and the banter isn't as dynamic as when there's audience laughter in the background. Thanks for trying new things to keep us entertained!
The earliest childhood memory is my mom telling me to be very careful using credit cards to avoid debt. Scared the hell out of me but it worked, I've never been in cc debt.
What a lovely couple! The body language is telling… especially Noor… Jibran will need to learn to pay more attention to Noor’s desire’s or slowly resentment will build and divide them. Noor would do well to speak up to both her husband and his parents. Great episode Ramit… I really enjoy this live format!👏🏻
"You must work to earn what you want." My parents didn't have many direct conversations with us about money, but they would discuss the budget in front of us, we were always on the verge of losing our house, and they were always in debt. We almost never had enough money for food, and any household item that broke such as the clothes washer sent my parents into a panic because they had no money to buy a new one and would have to finance it. They told us kids we had to buy our own clothes at the age of 14, so I have been working a job and filing taxes every year since I was that age. It was a very stressful money environment. I have a lot of difficulty with money as an adult because of that experience while growing up. Your podcasts and your workbook have helped me figure out how to have a functional financial life, but I have a long way to go. Thank you Ramit!
He’s so proud he neutralized every challenge to frugality that came up that he didn’t notice he is making her never get what she wants over and over and over
He just admitted he knows it. She cares about his feelings so much she can’t enjoy what she wants without his enthusiastic consent but he’s happy if he just get what he wants and thinks she doesn’t have feelings that are different from his feelings. That’s the developmental milestone you’re supposed to reach at 18 months old.
"His life wasn’t interrupted or as tiring as mine." I think we (and Ramit) are missing the elephant in the room - it sounds like this poor woman is doing the vast majority of childcare, at one point running on 2 hours of sleep. That's so unhealthy. I feel so bad for her. And then Jibran is "scrolling"? Is he picking up other childcare tasks during the day so she can nap? They don't say. Lack of sleep and domestic inequity of course will impact finances and the relationship as a whole. I love Ramit's work but I find that when it comes to his guests having children, especially the health impact on mothers, he has a real blind spot.
When the husband said he started cleaning by "grabbing the vacuum" that let me know the wife does the cleaning in the house. Cleaning starts from top to bottom not ground up-- when you wipe down tables, counters, etc. things fall on the floor. Why would you ever vacuum first? They need a cleaner, some childcare support, etc. and they can afford it. At a certain point, the wife needs to go ahead and get the support she needs regardless of his opinion.
She said she was working remotely and raising a baby and toddler. She was working on her reports at night. That sounds like hell to me. I get the husband is focused on work but then he should be ok with hiring help at home.
picked up on this too. this relationship is a lot more toxic than most people seem to think. needing to feel like he's given approval for something as basic as getting some takeout or hiring a cleaner (when, like you said, he's clearly not pulling his weight at home) or trying to not tell him about getting a person to mow the lawn (but he finds out anyway! via doorbell cam!) and he just gets a tesla because it "saves money" (eyeroll)? no.
We make 250k and we both think doordash is a monstrous waste of money. We work regular 9-5 with occasional OT so I'll gladly pick up whatever my wife wants. The doordash markup is crazy even on a 250k income.
My wife and I make similar and we don’t bat an eye at ordering DoorDash occasionally. If the markup is crazy we might abstain but if it’s reasonable we don’t sweat it. It doesn’t make an appreciable impact on our overall finances 🤷🏽♂️
I don’t order directly through DoorDash but have noticed the markup through some sites. I ordered hot dogs online for pickup once, and when I arrived to pick up saw that the online order price was something like $1.50 more per item. We were on a time crunch that day so it was okay but it felt deceptive because it wasn’t tacked on as an online order fee. Next time, I will skip that place unless we have time to order in person.
I used to think a lot of these services and apps where just for lazy people. My girlfriend and I are high earners, and I would kind of judge her for using the grocery apps (where someone gets the groceries and delivers them to you). Then I looked at it from a financial standpoint. She makes $100+ an hour, she can take 5 minutes to load her cart on the app, hit send, then she can work another hour or two at the office. When she gets home the groceries are there. That makes total sense to me now.
I feel some concern over this young woman's fixed smile and laugh. It is possible (from experience) that this is covering up a great deal of dissatisfaction, frustration and even hurt in perhaps not getting enough support as a working mother, not having her desires for important life experiences valued. The idea that she thought she had to hide paying getting the lawn mowed is very telling.
Correct. The husband gives off MAJOR control freak vibes, but he's acting fake in front of camera. It's in his eyes. They remind of a couple I'm friends with, coincidently also have two young kids, almost same exact scenario. Comes from immigrant household, so he's super cheap. Wife eventually dropped the dreaded "D" word on him if he didn't lighten with the control. To this day they still go to marriage counseling to try to keep it together for the kids. I see a potentially similar fate for these two if he don't change.
@@TheEarthGerm i notice how she sits through most of the interview. She is almost crunched up against the farthest side of the chair. I prob notice as during a counseling session the therapist asked my then husband to look over to see how I was sitting. I wasn't even aware of it, but it was just like she is. I wish them the best.
How come we didn’t get to see their expenses? I enjoyed this episode. I like how she gifts teachers extra money despite her husband not supporting. It’s important to give back if able.
One thing my mom would tell me growing up was “buying drinks at a restaurant isn’t worth it” because we could get the same drinks for cheaper elsewhere.
I mean, we do this too and we’re not Asian!! 😂 half of it is the cost, but half is the empty calories. I tell the kids we’re picking either drink or dessert.
The money phrases I heard the most are “always pay yourself first”, have an emergency fund” “invest in something important to you,” “never co-sign a loan”, “work hard” “educate yourself through life long learning” and if you’re given something, make sure you’re giving something back in return.”
The comment about "do you enjoy this" reminds me of my time in Air Force Basic training. The basic tasks were supposed to rotate. However, there was one gal who really liked ironing, so she got to take care of it for all of us. I liked polishing, so I did all the brass work and polishing faucets. A few like running the floor polishing machine, so that was their job. Some liked laundry. After all, the true purpose of basic is to train teamwork, and after the 1st week or 2 we learned to ignore the "schedule' and just work together.
Good video, I like your normal video calls better than the open in-person discussion. It seems in the video calls, the conversation gets a lot more intimate and psychological (wouldn't expect people to want to fully open up when they have an audience staring them in the face), while this feels more like an entertainment piece. Solving financial problems, rather than financial entertainment.
I remember my father saying, “it’s only money.” This from an immigrant whose first business went bankrupt, he paid all his debts off eventually. We had nothing but it taught me that there is more to life than money.
17:18 My Mom would say we have been in worser positions in life and we will get out of it again whereas my Dad would say I have to do it now or else the costs will get higher and I may never be able to do it. Both have had an habit of taking debt and not paying it off.
Thank you for this episode. Really enjoyed this, the sound was clear, and the audience participation works too. I welcome the engagement and input from the audience. I do miss the thank you note that you usually give at the end of each video.
It's good to have this for a change. Audience is respectful and have good reactions, almost like this is Oprah and Dr. Phil. If this was Caleb's show, there'd be bodyguards, chairs flying all around, aggressive cheering or booing in the crowd, audience roasting the guests and guests fighting back, heavy metal band in the background, it's Jerry Springer for finances lol.
For this couple, they are super, super well off and doing extremely well for their ages. Like i said, its a great format to have here and its great that it starts off with a very successful couple to not have too much criticisms. Just imagine 40+ years old, negative net worth, spending on cars and eating out all the time how the audience will react
From what I’ve seen, Ramit’s show skews heavily towards the top 1-5% of earners. And I agree, few financially non-successful couples would sign up to put themselves in front of a live audience.
I feel soooo bad for her!!!!! Being so shy to ask for a nanny.....Women in the northern hemisphere are tortured with all this childcare + house work and society tries to tell them it's normal and okay!!!!!! It's not okay!!!! I wish society would support families much more...
When my parents got married they used the envelope system and lived on my dad’s income, they saved, bought furniture etc with what my mom made. That always made sense to me
@@mhodge0890more like the circumstances you are put in. Me and my partner are currently on less than 50k in in school full time right now only working maybe 13 hrs a week and she works full time her income goes to our absolute necessities and my income is used for the slight fun spending we get and saving and investing Edit: I would like to add that we are currently at my parents so the rent is substantially cheaper, that being said that is part of the “circumstances you are put in” that I was kinda referencing
@@mhodge0890 Average household income is ~$73k in the US. Half make, and live on, less than that. Make $80k, live like a $50k+$30k household, et voila!
My family of four have lived on my income for the last 8 years. With both the kids back to school, my wife's income is going back up. With her extra income, I can scale back a bit to help cover family tasks.
My 11 year old daughter and I were listening to this episode while we were driving in the car. I asked her what she remembered the things that I’ve told her about money. She said, “money doesn’t buy happiness. It’s important to spend time doing the things that make you happy and money can’t always give you that.” I asked her what made her happy. She said, “My family, sometimes watching tv or playing video games, toys, and surprises.” 😂 At least family was first on her list.
My mom would always say that "credit cards are evil and they will always lose you money" or that I couldn't go to a two day camp because "we can't afford it" all the while I saw them spending thousands a year on new couches, cameras, or restaurants that I never went to. Even now at 55 and 65 they are still paying off their mortgage and student loans. They say that I am foolish for buying a used car and staying out of debt. I feel like I am putting their words to action while they don't. I can still have fun without being afraid of money like they are.
This was an interesting format. It’s good to mix it up but I do prefer the usual format… maybe not being in front of an audience leads to more vulnerability. Thanks for sharing from the live shows though! Much appreciated
My parents never talked about money. We never went without the essentials, but we knew there wasn't much left over. It was the same for most people in Ireland back then (1970s-80s). When I was 14 I worked for the milkman, delivering milk and collecting money from customers. One day I had to knock at the back door of Eamon Andrews' house (an Irish TV presenter). When the door opened, I was blown away by the fact that they had a color-matched (white) TV sitting on the kitchen counter. I never knew such things existed! The other thing that blew my mind was seeing Close Encounters of the Third Kind. There's a scene where the little kid, Barry, wakes up to find all his toys moving around. The fact that a kid with a single parent could own that many toys and live in a house like that was just nuts to me. I've lived in the US since 1990, and I don't think I would ever have lived this lifestyle back in Ireland, Celtic Tiger or no.
I am addicted to your videos now. I wish I had made my husband hear you in our 30s. But better late than never. Your talk about “art of spending” was really profound.
Caleb is gonna have bodyguards, chairs flying, a heavy metal band playing, crowd and guests exchaging hate words, and fire coming out of barrels. Caleb is gonna come through the door wearing a suit jacket and tie on top and beach shorts and flip flops on the bottom and walking through fire as if it's a WWE intro
Thank you Ramit for your program! Im so thankful that i found you. You've helped me to change my behavior to spend on what's important to me. There is a joy in aligning my actions with my values.
Thanks, Ramit! Love the content, and I’ve been learning a lot from your podcast and TH-cam videos and book! Feeling like there’s a lot of sponsored advertising in the more recent videos it’s a lot. The other TH-camrs I watch usually just mention one sponsor. It feels like it’s every few minutes…..
This video was like therapy for me. I see a lot of their relationship in my marriage (just with less income lol) but this was a great reality check for me. I need to spend more time doing what my wife loves to do, traveling.
My advice to all - who have either not realised this strategy or forgotten along the way to wealth: Get a comfortably high number, then start living off its interest "4%" may tickle some ears.
Best advice..better than Ramit.. Get to 2.5-3M. Enjoy the extra $100k that the investments throw off. Continue to invest and grow but maybe pull back a little on investing. Ramit is projecting way too much and telling ppl to gas off way too early...30s still have strong compounding...get to your 40s then let go a little.
@@FIREownyourtime Thank you. Try Ramit crowd yells at you if your savings rate is more than 20% as if you're not allowed to retire early and as if you must be ruining your life if you do that
@@FIREownyourtime you do realize most people never ever get to 2.5 million in savings? People live off of social security that is much less than that, and they are fine. Anyway I don't think you have to worry about this couple, they both seem like they are going to be working for a hot minute, they like it (at least Jabron does)
This was a brilliant episode. Loved that the couple were so articulate and transparent. So refreshing that the husband is so hard-working and money-oriented and looking out for his family for the future. A rare gem in young people nowadays. And that the wife is balancing the life experiences for now. Reaching a balance was the lesson they needed to learn and Ramit helped them with this.
Advice I would here whenever I had a financial struggle "If money can fix the problem, it's not really a problem.... get to work and make something happen."
I heard a lot of "gorib baap er borolok chelay" which loosely translates to " poor father's son who leads a lavish life." As I grew older I stopped resenting that statement since it made a lot of sense when I heard what my father had to go through and the sacrifices he has to make (mum included when it comes to sacrifices) to give me an education and a life that he didn't get and I took for granted when I was in my adolescence. Tell you what I had an ICSE education, when I wanted to move out of Calcutta to pursue my degree from Pune, my dad was all gung ho about it, I had belly full of food, never had to worry about whether there will be roof over my head tomorrow. In India that's already a privilege and I was living a rich life, I just didn't know and appreciate it.
I love this setting so much better. Video and sound quality stands out in comparison with usual video conference setup. The latter is hard for me to watch for mentioned reasons and 1h+ duration.
I liked this format! I love every Tuesday listening, it makes my commute so much better. Plus continue with the FREE education, i understand you need ads to continue, so i will just fast forward through them and not complain (others, take a hint)
Sorry, not a fan of this format. Seems like there really wasn't as much focus on the couple and just constant cuts into and out of the conversation, felt disjointed.
I heard “school is not a fashion show” from my father a lot. He meant we shouldn’t spend money on nice clothes, makeup, and jewelry. My mother, sister, and I would hide our purchases when we came home for fear of being caught having bought something at the mall. But we would mainly just window shop and not buy anything.
Tbh $1m net worth at their age with kids isn’t actually a lot of money and if they start to spend a lot more, they won’t be a $9m couple because they wouldn’t be investing as much as they currently are. I think they should def not argue over the little things but this escalated pretty quickly into overspending and justifying future purchases they don’t yet have money for.
100%. This was an incredibly one sided conversation. Ramit didn't challenge Noor on any of her cavalier attitudes towards money. She clearly doesn't appreciate that they are only in this position because of how hard and tirelessly her husband works. It's not a coincidence.
I like this format a lot, although I wouldn't want it all the time. This is nice for a couple that's doing reasonably well, have a solid marriage, and need some fine tuning. This couple was perfect for that. I worried a bit when it sounded like Noor felt she had to ask permission to spend money. I imagine culture and keeping peace in the home are factors. So I'm glad that Ramit called it out and mentioned how it might affect the their daughter. (Good job! 👏) Audience engagement and input is an excellent addition! (After all, we read the comments here, right?) I wonder if some gather afterwards to chat with each other. Resonating soundbites: you don't want the children living their financial lives based on the stories of their grandparents. Applicable to all generations, of course. Ramit says it often, but it was really well highlighted in this conversation. Rich life baby steps: upgrade what you already do to make it magical. Have done a couple already, thinking about more.🪄
I love this couple! The American dream personified. From humble beginnings to rising stars and helping their community along the way! This is the America I love! ❤
Great expriences shared once again, love your content and this seems like a great couple! Some feedback though: I do feel like this live in-front-of-an-audience-format inhibits the guests measure of comfort being completely vulnerable. This episode felt more guarded and superficial than most of the other episodes. And I feel like the presence of the audience does not (yet) add any value for online viewers. So their presence lowers vulnerability (so: quality of material), but doesn't add anything in return for the vast majority of viewers. Again, love your content, you and your team are doing great work!
I love this new set up. Although I like the way you do past interviews better I really like the idea of having a way for more of your followers to feel involved and have an opportunity to engage with other like minded individuals. Im not married yet nor do I have kids but this is slightly how I envision my future rich life being when I get to that stage in life. In my community being married and having kids seems to be when couples really start to struggle financially and/or mentally. They are either broke or tired or both all the time. Although I want marriage and kids sometimes i question how bad do I want it bc from my perspective ppl are giving up everything that I enjoy just to have it. Not sure that’s a sacrifice I want to make. I enjoy seeing the other side of things. It’s refreshing seeing families that aren’t living paycheck to paycheck and have the resources to have more control over how they live their lives and continue to do the things they love. I’m on the waitlist for Miami and Atlanta! Hope I get the opportunity to attend either one in 2025! I’m super excited.
Yup, if they start to do extravagant trips and order doordash and pianists and stuff, they won't reach 9M AND they will require more than now to be able to keep their new lifestyle in retirement. Of course, there's a happy middle to be found somewhere.
Growing up in the 70s and 80s there were so many fewer options compared to today with eating out. It just wasn't a thing for middle-class America, except more for special occasions. Delivery wasn't really a thing except for the local pizza or Chinese restaurant.
I really enjoyed this show with Noor and Jibran! Jibran is so much like my husband. He will always try to figure out how to fix things around our home and cook for our family. Thank u, Ramit! :)
My mother would sit me down to make a list of everything that needed to be covered with the money my dad gave her. Food, sending money to her mom, bills, etc. I could see how little was left and I started doing math before asking for things. At some point, I stopped asking and just planned to use my allowance. If it didn't fit in my allowance, I wasn't gonna get it. It's an invisible script because I still live by my allocations and it keeps me with enough disposable income to theoretically do things but I never ask for anything unless I know the answer will be yes.
My Mom recently told me that the first money lesson she learned was to not throw money away. And this was literal. She was given a dime to buy some milk at school which cost 7 cents at the time. She didn’t have pockets because it was the 60s and put the change in her lunch bag which ended up in the trash for the first few days before my grandparents caught on. 😂
I like the idea of offering this for in person, but I don’t think it’s right for TH-cam. I agree with some of the other comments that it’s impossible to be vulnerable in front of such a large audience. I prefer the at-home videos where couples are in separate rooms; they feel more authentic. I also agree that this format would be difficult and awkward for those who aren't top earners. The cuts felt strange, especially with the commercials-I felt like it was taking place in three different locations.
Lol you should try me... diagnosed with cancer in grad school, have a mountain of student loan debt from grad school... would love to be "worth a million" and feel like I have problems. These people have no idea about what having no money is.
My parents never talked about money but their actions demonstrated we were poor. We lived in the "projects" in New York, during the 50's - 70's, when it really was a government benefit because most of the families were two parent families, who worked. We never could have seconds at dinner and we did not have allowances. Anything we received for birthday, fun, etc. was given to us by my grandmother. I think my mother used credit cards to purchase quality clothing for herself and my siblings so that she could dress us up to look like we had money and were important. Because of this experience and at one time being a sole parent , money security means a lot to me, so I don't have outstanding bills, look for deals, and try to save as much as I can.
If I was handed $10m tomorrow (as a 27 y/o no kids yet), I would quit my job, (ironically) buy a house cash ($500k), pay my parents mortgages (~$500k), pay for my wedding & honeymoon ($60k), buy my partner a new car ($50k), buy a Rivian truck for me ($80k), buy 4 new bikes (road/gravel/cyclocross/gravel) ($16k), and invest $1m. I plan to live to 100 so that leaves me over $100k/year, not including the $1m invested, for turning up my money dial on things I already enjoy (travel, dining, athletics, entertainment).
Growing up, my mom would say, "God will provide." And my dad would make me write an essay for money but was really generous when he drank. Now, I live all mantras. God will provide, if i can justify it, it's fine, and i love spoiling people, especially if im drinking. My younger brother put me on to you because God provides for me, but I need a plan to control my generosity and compassion for other people's stories. ❤
00:00 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.
My wife and I have grown a TON financially after watching Ramit's Netflix special and then watching the podcasts. Thank you so much for the financial counseling from a distance!
i love that so much, congrats. i bet you two will get his new book coming out next year
I learn something almost every episode. Thank you Ramit and your team ❤
Congratulations 🎉
Bruh, she was full time taking care of two kids (+pumping at night) AND working a full time job. Doordash and cleaner is incredibly reasonable.
I was actually the person speaking at 57:02 I will say the experience was incredible the setting was amazing and being there in the room doesn't compare to listening or watching at home. Ramit was so personable speaking with the audience several times all while maintaining a connection with the guests. This podcast has meant so much to me and my wife, we listen every week and discuss our thoughts. Thank you Ramit!
LUCKY! thanks for going
I just signed up on the waitlist. Hope I get to attend!
“Doesn’t compare to” means the second thing is better. So the way this is worded, you’re saying that listening at home to the podcast was exponentially better than being there in person.
There are classes in prisons based on your videos. I was talking to a family member and they were telling me about you but I mentioned that I have been listening/following you for close to a year and watch your podcasts weekly. Good realistic advise passed to those who are looking to re-enter society. Keep up the great work!
That's so cool! I think the interpersonal aspect and Ramit's calm demeanor make his content a great choice.
Best of luck with re-entry. You got this.
@@lilio6442 I will pass the message along to him, thank you :)
My mom always said “ we have no money”.
I was thinking we were poor.
Then I knew that my mom saved all money she earned as full time teacher for 40 plus years, just living my father’s income also as a teacher.
They have no debt. They paid their children’s college tuition. ( we have no student loans) and they supported buying houses for their children. Huge down payment.
I
Do you think your mom’s statements about having no money has affected your beliefs about money as an adult? Would you have preferred she explained how they were investing their money instead of simply saying you all had no money?
But did they have a life?
It sounds like they made sacrifices to start building a legacy for your family. Very admirable.
@@CambieSweets Well, I should have noted that I grew up in Japan. My parents never refused allocating money to educational opportunities but not so much for toys or fancy clothes or such. I think I leaned differences between Need and Want since young age as her comment. Investment is not the first option for Japanese people, especially in 80's and 90's.. But I wish they told my WHY they are saving money for what. I just found out my mother saved all her income after I glow up.
@@zacharyfair6738 My grandparents were farmers, and they always brought in tons of vegetables and rice to our home. (I am Japanese ;)) Also I glow up in 80's so life was good :)
I love this episode - especially the idea of using money to make things that matter to us “magical”. We recently went on vacation and spent slightly more for a hotel room with a separate bedroom so the kids could go to bed before we did - it made the vacation so much more relaxing for all of us! We’ve never done it before because I was tyrannical about finding the cheapest room, and now I so regret ruining my own vacations over $100 a night. Another example is that we’re planning a jewelry purchase for a major milestone and I’ve been looking at the cheapest options while feeling a bit uneasy/unhappy with the look. Yesterday I saw a higher quality (and more expensive) piece of jewelry that was so so beautiful in person and I imagined how magical it would be to open that box and see the reflection in the mirror each time I wear it. I think I’m going to go for the magical option!
These people are us, like 3 years ago. My wife finally made a stink about getting cleaners and a lawn maintenance guy, and we went ahead and did it. Turned out to be a great idea - highly recommend if you can afford it.
That’s me and my husband. He makes a million and I told him no way we’re becoming that useless by hiring someone to clean 😂
I did that a few years ago too. So grateful to be able to “buy” my time back.
@@joeyjoey22 Whatever makes you happy is great, but hiring help does not make you useless. Paying my wonderful cleaning lady to come once a month while we’re at work gives us extra time with our kids, and costs very little compared to our income. It would be a waste of time and money for us to instead have to take time away from making money and being with our kids to do even more cleaning than we already do.
If I could rank my favorite formats, it'd be 1) at home, 2) in front of an audience, and 3) at the studio. We all like the at home because its different and people tend to be more vulnerable. I'm not sure if this couple just happened to be very charismatic, but I liked the audience interaction here more than when it feels a little stale in the studio. The studio seems like the worst of all worlds - people aren't willing to be as honest like at home, and the banter isn't as dynamic as when there's audience laughter in the background. Thanks for trying new things to keep us entertained!
I agree with the ranking. I also like the variety of formats-I hope he keeps all 3!
The earliest childhood memory is my mom telling me to be very careful using credit cards to avoid debt. Scared the hell out of me but it worked, I've never been in cc debt.
What a lovely couple! The body language is telling… especially Noor… Jibran will need to learn to pay more attention to Noor’s desire’s or slowly resentment will build and divide them. Noor would do well to speak up to both her husband and his parents. Great episode Ramit… I really enjoy this live format!👏🏻
His fidgeting near the end is so revealing. I hope he becomes more comfortable with spending.
"You must work to earn what you want." My parents didn't have many direct conversations with us about money, but they would discuss the budget in front of us, we were always on the verge of losing our house, and they were always in debt. We almost never had enough money for food, and any household item that broke such as the clothes washer sent my parents into a panic because they had no money to buy a new one and would have to finance it.
They told us kids we had to buy our own clothes at the age of 14, so I have been working a job and filing taxes every year since I was that age. It was a very stressful money environment.
I have a lot of difficulty with money as an adult because of that experience while growing up. Your podcasts and your workbook have helped me figure out how to have a functional financial life, but I have a long way to go. Thank you Ramit!
My father that grew up very poor said you will never forget your first million dollar mistake. He was absolutely right about that.
He’s so proud he neutralized every challenge to frugality that came up that he didn’t notice he is making her never get what she wants over and over and over
He just admitted he knows it. She cares about his feelings so much she can’t enjoy what she wants without his enthusiastic consent but he’s happy if he just get what he wants and thinks she doesn’t have feelings that are different from his feelings. That’s the developmental milestone you’re supposed to reach at 18 months old.
"His life wasn’t interrupted or as tiring as mine." I think we (and Ramit) are missing the elephant in the room - it sounds like this poor woman is doing the vast majority of childcare, at one point running on 2 hours of sleep. That's so unhealthy. I feel so bad for her. And then Jibran is "scrolling"? Is he picking up other childcare tasks during the day so she can nap? They don't say.
Lack of sleep and domestic inequity of course will impact finances and the relationship as a whole. I love Ramit's work but I find that when it comes to his guests having children, especially the health impact on mothers, he has a real blind spot.
When the husband said he started cleaning by "grabbing the vacuum" that let me know the wife does the cleaning in the house. Cleaning starts from top to bottom not ground up-- when you wipe down tables, counters, etc. things fall on the floor. Why would you ever vacuum first? They need a cleaner, some childcare support, etc. and they can afford it. At a certain point, the wife needs to go ahead and get the support she needs regardless of his opinion.
It also sounded like his parents had a lot of judgment for the way she did things. Sounded like she was overwhelmed. That was brushed over quickly.
She said she was working remotely and raising a baby and toddler. She was working on her reports at night. That sounds like hell to me. I get the husband is focused on work but then he should be ok with hiring help at home.
picked up on this too. this relationship is a lot more toxic than most people seem to think. needing to feel like he's given approval for something as basic as getting some takeout or hiring a cleaner (when, like you said, he's clearly not pulling his weight at home) or trying to not tell him about getting a person to mow the lawn (but he finds out anyway! via doorbell cam!) and he just gets a tesla because it "saves money" (eyeroll)? no.
@harmonyae7033 Not every woman works in that order. I couldn't care less if someone wants to vacuum first.
We make 250k and we both think doordash is a monstrous waste of money. We work regular 9-5 with occasional OT so I'll gladly pick up whatever my wife wants. The doordash markup is crazy even on a 250k income.
My wife and I make similar and we don’t bat an eye at ordering DoorDash occasionally. If the markup is crazy we might abstain but if it’s reasonable we don’t sweat it. It doesn’t make an appreciable impact on our overall finances 🤷🏽♂️
I don’t order directly through DoorDash but have noticed the markup through some sites. I ordered hot dogs online for pickup once, and when I arrived to pick up saw that the online order price was something like $1.50 more per item. We were on a time crunch that day so it was okay but it felt deceptive because it wasn’t tacked on as an online order fee. Next time, I will skip that place unless we have time to order in person.
I agree with you! I don't believe that one should be wasting money on things that can easily be solved with an alternative.
I haven’t got food delivered in a long time, I always pick up if I’m getting takeout because I just can’t deal with delivery fees 😂
I used to think a lot of these services and apps where just for lazy people. My girlfriend and I are high earners, and I would kind of judge her for using the grocery apps (where someone gets the groceries and delivers them to you). Then I looked at it from a financial standpoint. She makes $100+ an hour, she can take 5 minutes to load her cart on the app, hit send, then she can work another hour or two at the office. When she gets home the groceries are there. That makes total sense to me now.
I feel some concern over this young woman's fixed smile and laugh. It is possible (from experience) that this is covering up a great deal of dissatisfaction, frustration and even hurt in perhaps not getting enough support as a working mother, not having her desires for important life experiences valued. The idea that she thought she had to hide paying getting the lawn mowed is very telling.
Correct. The husband gives off MAJOR control freak vibes, but he's acting fake in front of camera. It's in his eyes. They remind of a couple I'm friends with, coincidently also have two young kids, almost same exact scenario. Comes from immigrant household, so he's super cheap. Wife eventually dropped the dreaded "D" word on him if he didn't lighten with the control. To this day they still go to marriage counseling to try to keep it together for the kids. I see a potentially similar fate for these two if he don't change.
@@TheEarthGerm i notice how she sits through most of the interview. She is almost crunched up against the farthest side of the chair. I prob notice as during a counseling session the therapist asked my then husband to look over to see how I was sitting. I wasn't even aware of it, but it was just like she is. I wish them the best.
How come we didn’t get to see their expenses?
I enjoyed this episode. I like how she gifts teachers extra money despite her husband not supporting. It’s important to give back if able.
I love this format, laid back yet informative
One thing my mom would tell me growing up was “buying drinks at a restaurant isn’t worth it” because we could get the same drinks for cheaper elsewhere.
Agreed. We didn't go out to eat often but we were drinking water without question
Is this not the most Asian thing ever 😆😆😆
I mean, we do this too and we’re not Asian!! 😂 half of it is the cost, but half is the empty calories. I tell the kids we’re picking either drink or dessert.
Not even usually a cost thing, but also a calorie thing. But at fast food places if I'm sitting in I'll get a zero drink for the free refills.
We would sneak in our own juice boxes 😂
The money phrases I heard the most are “always pay yourself first”, have an emergency fund” “invest in something important to you,” “never co-sign a loan”, “work hard” “educate yourself through life long learning” and if you’re given something, make sure you’re giving something back in return.”
@@awolf876 I love all of these! Now I will make sure that my kids hear more of them! Thanks ☺️
The comment about "do you enjoy this" reminds me of my time in Air Force Basic training. The basic tasks were supposed to rotate. However, there was one gal who really liked ironing, so she got to take care of it for all of us. I liked polishing, so I did all the brass work and polishing faucets. A few like running the floor polishing machine, so that was their job. Some liked laundry. After all, the true purpose of basic is to train teamwork, and after the 1st week or 2 we learned to ignore the "schedule' and just work together.
Geeze Im 10min in and I feel like I’m watching a nonstop ad-reel
for real.. he could cut back the editing in the start. just give the conversation and the little break ins for details.
One set of ads in the first 10 minutes. What are yall talking about?
A very lovely couple. They have done so well at such a young age. I wish them well.
Good video,
I like your normal video calls better than the open in-person discussion. It seems in the video calls, the conversation gets a lot more intimate and psychological (wouldn't expect people to want to fully open up when they have an audience staring them in the face), while this feels more like an entertainment piece.
Solving financial problems, rather than financial entertainment.
This was a dangerous podcast to listen to before upcoming travel. Now I am like how do we make it magical!!
I remember my father saying, “it’s only money.” This from an immigrant whose first business went bankrupt, he paid all his debts off eventually. We had nothing but it taught me that there is more to life than money.
17:18 My Mom would say we have been in worser positions in life and we will get out of it again whereas my Dad would say I have to do it now or else the costs will get higher and I may never be able to do it. Both have had an habit of taking debt and not paying it off.
Thank you for this episode.
Really enjoyed this, the sound was clear, and the audience participation works too. I welcome the engagement and input from the audience.
I do miss the thank you note that you usually give at the end of each video.
It's good to have this for a change. Audience is respectful and have good reactions, almost like this is Oprah and Dr. Phil. If this was Caleb's show, there'd be bodyguards, chairs flying all around, aggressive cheering or booing in the crowd, audience roasting the guests and guests fighting back, heavy metal band in the background, it's Jerry Springer for finances lol.
lol caleb is so lame. ragey childish stuff. only my youngest friends like that shit lol
That was a lot of fun, looking forward to seeing more of these live episodes! Loved everything about and the couple was fantastic!
For this couple, they are super, super well off and doing extremely well for their ages. Like i said, its a great format to have here and its great that it starts off with a very successful couple to not have too much criticisms. Just imagine 40+ years old, negative net worth, spending on cars and eating out all the time how the audience will react
From what I’ve seen, Ramit’s show skews heavily towards the top 1-5% of earners. And I agree, few financially non-successful couples would sign up to put themselves in front of a live audience.
I feel soooo bad for her!!!!! Being so shy to ask for a nanny.....Women in the northern hemisphere are tortured with all this childcare + house work and society tries to tell them it's normal and okay!!!!!! It's not okay!!!! I wish society would support families much more...
It's rare that a nanny is justified
So blessed to have retired parents. They have helped cover for us as needed.
@@laundrygoddess4 It would be very interesting for you to see how most rich families live
@@grocio.18what an odd comment. Most people don’t use nannies, rich people do many things those with less can’t do.
Thanks for another great episode! Absolutely fantastic!
This format is refreshing! I like how you bring in different formats.
When my parents got married they used the envelope system and lived on my dad’s income, they saved, bought furniture etc with what my mom made. That always made sense to me
Great time to be alive when you can rely on one income. Welp those days are gone unless you make 150k plus
@@mhodge0890more like the circumstances you are put in. Me and my partner are currently on less than 50k in in school full time right now only working maybe 13 hrs a week and she works full time her income goes to our absolute necessities and my income is used for the slight fun spending we get and saving and investing
Edit: I would like to add that we are currently at my parents so the rent is substantially cheaper, that being said that is part of the “circumstances you are put in” that I was kinda referencing
@@mhodge0890 Average household income is ~$73k in the US. Half make, and live on, less than that. Make $80k, live like a $50k+$30k household, et voila!
My family of four have lived on my income for the last 8 years. With both the kids back to school, my wife's income is going back up. With her extra income, I can scale back a bit to help cover family tasks.
I love that he’s not only not willing to splurge on dining or cleaners, but he’s willing to do those things! Huge positive in this modern society.
My 11 year old daughter and I were listening to this episode while we were driving in the car. I asked her what she remembered the things that I’ve told her about money. She said, “money doesn’t buy happiness. It’s important to spend time doing the things that make you happy and money can’t always give you that.” I asked her what made her happy. She said, “My family, sometimes watching tv or playing video games, toys, and surprises.” 😂 At least family was first on her list.
Keep these live events coming!! Great great energy and amazing listen! :D
I could relate to this couple so much!!! Thank you for sharing this!
My mom would always say that "credit cards are evil and they will always lose you money" or that I couldn't go to a two day camp because "we can't afford it" all the while I saw them spending thousands a year on new couches, cameras, or restaurants that I never went to. Even now at 55 and 65 they are still paying off their mortgage and student loans. They say that I am foolish for buying a used car and staying out of debt. I feel like I am putting their words to action while they don't. I can still have fun without being afraid of money like they are.
This was an interesting format. It’s good to mix it up but I do prefer the usual format… maybe not being in front of an audience leads to more vulnerability.
Thanks for sharing from the live shows though! Much appreciated
My parents never talked about money. We never went without the essentials, but we knew there wasn't much left over. It was the same for most people in Ireland back then (1970s-80s). When I was 14 I worked for the milkman, delivering milk and collecting money from customers. One day I had to knock at the back door of Eamon Andrews' house (an Irish TV presenter). When the door opened, I was blown away by the fact that they had a color-matched (white) TV sitting on the kitchen counter. I never knew such things existed!
The other thing that blew my mind was seeing Close Encounters of the Third Kind. There's a scene where the little kid, Barry, wakes up to find all his toys moving around. The fact that a kid with a single parent could own that many toys and live in a house like that was just nuts to me.
I've lived in the US since 1990, and I don't think I would ever have lived this lifestyle back in Ireland, Celtic Tiger or no.
I am addicted to your videos now. I wish I had made my husband hear you in our 30s. But better late than never. Your talk about “art of spending” was really profound.
Caleb Hammer is gonna copy this live event format and complete his metamorphosis into Full Springer.
Lol
Caleb is gonna have bodyguards, chairs flying, a heavy metal band playing, crowd and guests exchaging hate words, and fire coming out of barrels. Caleb is gonna come through the door wearing a suit jacket and tie on top and beach shorts and flip flops on the bottom and walking through fire as if it's a WWE intro
Heavy metal band playing 😂😂😂@@MattsGamblingSlots
Caleb Hammer is a great success by simply copying everyone else.
😂😂😂😂😂😂
Loved this conversation and the takeaways!!! This was awesome!!!
Thank you Ramit for your program! Im so thankful that i found you. You've helped me to change my behavior to spend on what's important to me. There is a joy in aligning my actions with my values.
Thanks, Ramit! Love the content, and I’ve been learning a lot from your podcast and TH-cam videos and book! Feeling like there’s a lot of sponsored advertising in the more recent videos it’s a lot. The other TH-camrs I watch usually just mention one sponsor. It feels like it’s every few minutes…..
This video was like therapy for me. I see a lot of their relationship in my marriage (just with less income lol) but this was a great reality check for me. I need to spend more time doing what my wife loves to do, traveling.
My advice to all - who have either not realised this strategy or forgotten along the way to wealth:
Get a comfortably high number, then start living off its interest
"4%" may tickle some ears.
Best advice..better than Ramit..
Get to 2.5-3M. Enjoy the extra $100k that the investments throw off. Continue to invest and grow but maybe pull back a little on investing. Ramit is projecting way too much and telling ppl to gas off way too early...30s still have strong compounding...get to your 40s then let go a little.
@@FIREownyourtime Thank you. Try Ramit crowd yells at you if your savings rate is more than 20% as if you're not allowed to retire early and as if you must be ruining your life if you do that
@@FIREownyourtime you do realize most people never ever get to 2.5 million in savings? People live off of social security that is much less than that, and they are fine.
Anyway I don't think you have to worry about this couple, they both seem like they are going to be working for a hot minute, they like it (at least Jabron does)
This was a brilliant episode. Loved that the couple were so articulate and transparent. So refreshing that the husband is so hard-working and money-oriented and looking out for his family for the future. A rare gem in young people nowadays. And that the wife is balancing the life experiences for now. Reaching a balance was the lesson they needed to learn and Ramit helped them with this.
Advice I would here whenever I had a financial struggle "If money can fix the problem, it's not really a problem.... get to work and make something happen."
I heard a lot of "gorib baap er borolok chelay" which loosely translates to " poor father's son who leads a lavish life." As I grew older I stopped resenting that statement since it made a lot of sense when I heard what my father had to go through and the sacrifices he has to make (mum included when it comes to sacrifices) to give me an education and a life that he didn't get and I took for granted when I was in my adolescence.
Tell you what I had an ICSE education, when I wanted to move out of Calcutta to pursue my degree from Pune, my dad was all gung ho about it, I had belly full of food, never had to worry about whether there will be roof over my head tomorrow. In India that's already a privilege and I was living a rich life, I just didn't know and appreciate it.
Very different dynamic with the LIVE version. LOVE IT!
This was such a fun episode. I love the vibe a live meeting with an audience brings!
This was so fun to watch! Thank you Ramit!
Love the format. Good change!
Only criticism is that it felt like the interview was being interrupted to get commentary a lot more than usual.
I love this setting so much better. Video and sound quality stands out in comparison with usual video conference setup. The latter is hard for me to watch for mentioned reasons and 1h+ duration.
I liked this format!
I love every Tuesday listening, it makes my commute so much better. Plus continue with the FREE education, i understand you need ads to continue, so i will just fast forward through them and not complain (others, take a hint)
Sorry, not a fan of this format. Seems like there really wasn't as much focus on the couple and just constant cuts into and out of the conversation, felt disjointed.
I heard “school is not a fashion show” from my father a lot. He meant we shouldn’t spend money on nice clothes, makeup, and jewelry. My mother, sister, and I would hide our purchases when we came home for fear of being caught having bought something at the mall. But we would mainly just window shop and not buy anything.
I hope you have a much healthier marriage
@@M_SCOr just single and happy.
Yes, I’m single and happy! 🥳
Great podcast and interview brother.
Great information!
For the record, and to give Ramit’s team some positive feedback: I LOVE the intro to this video. Editing style and music choice was top notch!
LOVE THE NEW INTRO
Another great episode! Great couple, they were super open and realistic
This was so fun and uplifting! I am excited to dream bigger ✨
I love that they’re still in love with each other & still choose each other till this day
The episode is keep getting better and better. We done Ramit
Loved this couple!! So helpful to let us listen to them
Even when I made less money, I saved to get a cleaner to deep clean twice a year. Now every 4 months. It's worth your mental health
I agree with deep cleaning but it sounds like she doesn't want to cook or clean on a regular basis at all
@laundrygoddess4 Nor should she tbh. She's practically working 2+ full time jobs between kids and work 😊
Tbh $1m net worth at their age with kids isn’t actually a lot of money and if they start to spend a lot more, they won’t be a $9m couple because they wouldn’t be investing as much as they currently are. I think they should def not argue over the little things but this escalated pretty quickly into overspending and justifying future purchases they don’t yet have money for.
100%. This was an incredibly one sided conversation. Ramit didn't challenge Noor on any of her cavalier attitudes towards money. She clearly doesn't appreciate that they are only in this position because of how hard and tirelessly her husband works. It's not a coincidence.
I like this format a lot, although I wouldn't want it all the time. This is nice for a couple that's doing reasonably well, have a solid marriage, and need some fine tuning. This couple was perfect for that.
I worried a bit when it sounded like Noor felt she had to ask permission to spend money. I imagine culture and keeping peace in the home are factors. So I'm glad that Ramit called it out and mentioned how it might affect the their daughter. (Good job! 👏)
Audience engagement and input is an excellent addition! (After all, we read the comments here, right?) I wonder if some gather afterwards to chat with each other.
Resonating soundbites: you don't want the children living their financial lives based on the stories of their grandparents. Applicable to all generations, of course. Ramit says it often, but it was really well highlighted in this conversation.
Rich life baby steps: upgrade what you already do to make it magical. Have done a couple already, thinking about more.🪄
Love, love, love this format!
I love this couple! The American dream personified. From humble beginnings to rising stars and helping their community along the way! This is the America I love! ❤
Great expriences shared once again, love your content and this seems like a great couple! Some feedback though: I do feel like this live in-front-of-an-audience-format inhibits the guests measure of comfort being completely vulnerable. This episode felt more guarded and superficial than most of the other episodes. And I feel like the presence of the audience does not (yet) add any value for online viewers. So their presence lowers vulnerability (so: quality of material), but doesn't add anything in return for the vast majority of viewers.
Again, love your content, you and your team are doing great work!
My father said I don't have five cents for a Hershey bar. That changed my life about money.
I would hear "money is a tool" and "you can always make more". Looking back i think these were good money lessons.
I really appreciate their honesty!
I love this new set up. Although I like the way you do past interviews better I really like the idea of having a way for more of your followers to feel involved and have an opportunity to engage with other like minded individuals. Im not married yet nor do I have kids but this is slightly how I envision my future rich life being when I get to that stage in life. In my community being married and having kids seems to be when couples really start to struggle financially and/or mentally. They are either broke or tired or both all the time. Although I want marriage and kids sometimes i question how bad do I want it bc from my perspective ppl are giving up everything that I enjoy just to have it. Not sure that’s a sacrifice I want to make. I enjoy seeing the other side of things. It’s refreshing seeing families that aren’t living paycheck to paycheck and have the resources to have more control over how they live their lives and continue to do the things they love. I’m on the waitlist for Miami and Atlanta! Hope I get the opportunity to attend either one in 2025! I’m super excited.
I know exactly what this guy thinks when he heard they would have 9.8 million dollar: "we're not there yet".
Yup, if they start to do extravagant trips and order doordash and pianists and stuff, they won't reach 9M AND they will require more than now to be able to keep their new lifestyle in retirement.
Of course, there's a happy middle to be found somewhere.
@@maxinoumeWhybwoukd they need $9m? They don't spend now...
Growing up in the 70s and 80s there were so many fewer options compared to today with eating out. It just wasn't a thing for middle-class America, except more for special occasions. Delivery wasn't really a thing except for the local pizza or Chinese restaurant.
Money phrases:
The classic "Money doesn't go on trees" and the most frequent one: "Beggars can't be choosers". Oof. Still sorting through this today.
This is a great episode.
I’ve gotten Door Dash 3 times. I was sick when I knocked over one of my smoothies, one time. Just sick. 😂😂😂
Great way to start the work day. Enjoying the live event.
I really enjoyed this show with Noor and Jibran! Jibran is so much like my husband. He will always try to figure out how to fix things around our home and cook for our family.
Thank u, Ramit! :)
I love the event idea with the audience 😍but i would love if you minimize the breaks for the advice and also the ads !
My mother would sit me down to make a list of everything that needed to be covered with the money my dad gave her. Food, sending money to her mom, bills, etc. I could see how little was left and I started doing math before asking for things. At some point, I stopped asking and just planned to use my allowance. If it didn't fit in my allowance, I wasn't gonna get it.
It's an invisible script because I still live by my allocations and it keeps me with enough disposable income to theoretically do things but I never ask for anything unless I know the answer will be yes.
I think they have done an incredible job. 🎉 They get this insight from Ramit at a great time in their lives. Excited for them.
Greetings from Germany.
Your CSP is great. While we already knew most of the numbers, the overview and especially the percentages are great :)
My Mom recently told me that the first money lesson she learned was to not throw money away.
And this was literal. She was given a dime to buy some milk at school which cost 7 cents at the time. She didn’t have pockets because it was the 60s and put the change in her lunch bag which ended up in the trash for the first few days before my grandparents caught on. 😂
My dad always saying “money comes and goes” he’s 75 and still works construction jobs he hates even though he could easily retire
My mom would say “¿Mi cara parece un banco? “ TRANSLATION : does my face look like a bank?
I like the idea of offering this for in person, but I don’t think it’s right for TH-cam. I agree with some of the other comments that it’s impossible to be vulnerable in front of such a large audience. I prefer the at-home videos where couples are in separate rooms; they feel more authentic. I also agree that this format would be difficult and awkward for those who aren't top earners. The cuts felt strange, especially with the commercials-I felt like it was taking place in three different locations.
Ramit i love this! Would love to have one like this in Texas!
Lol you should try me... diagnosed with cancer in grad school, have a mountain of student loan debt from grad school... would love to be "worth a million" and feel like I have problems. These people have no idea about what having no money is.
They never claim to have no money. They disagree on how to manage what they have.
You can be worth a billion dollars and still have problems. You sound like you need mental health support.
My parents never talked about money but their actions demonstrated we were poor. We lived in the "projects" in New York, during the 50's - 70's, when it really was a government benefit because most of the families were two parent families, who worked. We never could have seconds at dinner and we did not have allowances. Anything we received for birthday, fun, etc. was given to us by my grandmother. I think my mother used credit cards to purchase quality clothing for herself and my siblings so that she could dress us up to look like we had money and were important. Because of this experience and at one time being a sole parent , money security means a lot to me, so I don't have outstanding bills, look for deals, and try to save as much as I can.
Good episode, some great advice given to everyone in that room!
If I was handed $10m tomorrow (as a 27 y/o no kids yet), I would quit my job, (ironically) buy a house cash ($500k), pay my parents mortgages (~$500k), pay for my wedding & honeymoon ($60k), buy my partner a new car ($50k), buy a Rivian truck for me ($80k), buy 4 new bikes (road/gravel/cyclocross/gravel) ($16k), and invest $1m. I plan to live to 100 so that leaves me over $100k/year, not including the $1m invested, for turning up my money dial on things I already enjoy (travel, dining, athletics, entertainment).
Growing up, my mom would say, "God will provide." And my dad would make me write an essay for money but was really generous when he drank. Now, I live all mantras. God will provide, if i can justify it, it's fine, and i love spoiling people, especially if im drinking.
My younger brother put me on to you because God provides for me, but I need a plan to control my generosity and compassion for other people's stories. ❤