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

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I've been using YNAB for like a year and a half and trying to get a month ahead in there, but I just can't seem to do it and it doesn't make any sense to me. I know it's probably I know why it is because we're spending too much money, but can't seem to fix that quite right. When I talk to him about money, he would just kind of blow up. And I know it's because of his he's uncomfortable with the whole money thing.

She has a business degree and she's a spreadsheet whiz kid. I'm not saying it's right that I just took the easy route and let her handle everything, but that's definitely what I did.

I want to be able to say, yeah, we can do that, we can do that, we can do that. Because I figure I make a good living and I deserve it, but it's still above our means a little bit. You know what? I go through these things where I think somebody is just siphoning money off my account. It's just happening somebody else.

Meet Brad and Angie they're both in their mid-50s. They have six adult children between them. This is a mixed family, as this is both their second marriage, and they are empty nesters who describe themselves as excited for the next chapter in their lives. They tell me that they're a few years away from retiring and. And then they want to travel full time in an RV and see the country. Now, what you're going to hear in today's conversation is a mismatch in the way that the two of them see money. And I think, most importantly, you're going to hear this fascinating discussion of psychological and cultural values around money. So let's start the conversation with Brad and Angie.

I'm on my way to work, and I stop at the gas station to put gas in and my credit debit card, whatever, is declined. And I call Angie and I'm like, what's going on? You know, how can we not have any money in there? And she said, well, we had to use $900 for. It's kind of an emergency. We were at the hospital and the card we had wasn't working or something, so we had to put it on this other card. And so now we didn't have that $900 in there. So it was like these unexpected expenses.

Okay, so you were at the gas station and you tried to use your card and it doesn't work. So what'd you do?

Well, there wasn't really anything I could do at the time. I had to get to work, and so I had to have her come and pick me up and drive me to work.

What did that feel like?

That's not so bad. But I was on vacation once with a bunch of guys. You know, we're out to dinner and I go to use the card and it's declined. And I had to call Angie, you know, back in Wisconsin and say, can you put some more money on the card? Because I can't pay for my own dinner.

That's.

That's a little embarrassing when it happens, you know, in a situation like that. But at a gas station, it's just me and her. I can be embarrassed in front of Angie, but it's a little. It's a little embarrassing in front of your friends.

Oh, that was terrible. I've been using Ynab for like a year and a half and trying to get a month ahead in there, and I really like the program, but I just can't seem to do it, and it doesn't make any sense to me. I know why it is, because we're spending Too much money, but can't seem to fix that quite right. So I was embarrassed and I felt bad. When he was in Florida with his friends, that was worse because it wasn't just the one time he had to call me. He had to reach out to me, like three times. I just didn't have any cash, and I hate that, and I just don't know why.

Can I ask the question that I think we're all wondering?

Yeah.

If you didn't have any cash, how was he on vacation with his friends?

Well, that's a good question, because I wanted him to go. Right? Yeah, that's a very good question.

Well, anybody got any answers?

I think we had money. I think it's just that we. We were trying to keep money in like a. A spend card and then money in more of like a buffer or like a. Like a savings. So I think she was having to dip from that and put it into the spend account.

Honestly, I think it's more like I'm the kind of person, for good or bad, probably bad, that says experiences matter. And I tend to think we can. We'll figure it out when he get there. And that's not good.

What do you mean? He did figure it out? He called you and you transferred money?

Yeah, but I don't think I had it, like, enough to, like, just make him stop worrying about it or stop being a problem. But I just know that it does happen where we dip down and it's. It's not comfortable. When I wanted to do this debt consolidation thing, this is when we owed a lot of money on credit cards and I wanted to do that. I could feel the tension rising.

And so what did you say to him?

I didn't feel like we were going to be able to pay off our debt the way it was, and we needed to do something different. And then it spiraled into, why do we have so much debt? Then I say, because we had to pay for this and this and this. It just kind of gets off track.

So you said, we're not going to be able to pay. And he said, why do we have so much debt? What was your answer to that?

I probably glossed over it. When I talked to him about money, he would just kind of blow up and not yell at me, but just get louder. And I know it's because of his. He's uncomfortable with the whole money thing.

I used to feel like it was like everything was kind of a surprise to me because I wasn't involved in the finances. It just sort of came out of the blue, I wasn't really involved. And so, like, when she would tell me we were hurting that month or something, I would always be like, well, how can this be? Now I'm a little more involved with, with those things. And I, I, I don't try to put my head in the sand, I guess you could say.

At the time you went into debt consolidation, were you aware that you were in debt?

Yeah, because of school loans and things like that. It wasn't what I would consider severe, you know, when you hear about people with huge school loans and things like that. We weren't, like, crazy.

How much debt. How much debt was, was. No, no, Angie, Angie, hold on a second. I want to hear from Brad.

I don't remember, actually. I don't think we're irresponsible or anything. We just need to figure out why we're sometimes surprised when bills come due. We both make pretty good money and we shouldn't be struggling.

I mean, honestly, if I could have done it by myself, I probably would have, because I tend to try to do that, and that's not good. There's something, you know what? I go through these things where I think somebody is just siphoning money off my account. It's just happening somebody else.

What I'm struck by in those stories is not that occasionally there's some account snafu and one account runs out of money. That happens, right? It shouldn't happen, but it happens occasionally. Okay, fine. What I'm actually struck by is the different ways that you talk about what happened. I've become obsessed with these pivotal moments where people realize something is really, really wrong with their finances. I'm obsessed with it because you can actually go years without actually admitting how bad things are. You've heard it on this podcast. People will come on here, I'll go through their numbers with them, and they will realize they've been spending more than they make for months. And I realize it's not just with money where you can deny how bad things are for a long time. My wife is a personal stylist. She tells me a story about one of her clients who had just gotten a job at a law firm. And she was going on a flight in the airport, and she saw a very senior partner on the same flight, totally dressed up. Now, she herself was wearing old gym clothes, and she looked away. She didn't want to be seen wearing those clothes. And she realized, oh, my God, I really need to up level my style. My wife tells me that when this person landed, she sent her a message saying, I'm ready. These pivotal moments are extremely revealing. They tell you so much about what gets a person to change. We'll be right back. Real question for you. Do you know how often you're supposed to see your primary care physician? How about the dentist? How about a dermatologist? A lot of us just wait to get a text from the dental hygienist to know it's time to make an appointment. But your health is important and we talk about going from defense to offense with your money. What about with your health? Why not make your life easier and Book this Year's appointments today with ZocDoc ZocDoc is a free app and website where you can search and compare high quality in network doctors and click to instantly book an appointment. They have over 100,000 doctors across every specialty from mental health, dental, primary care and more. Just filter for the doctors based on your insurance, your location, even ratings and find a doctor who's a good fit for your needs. Plus, Zocdoc appointments happen fast, usually within 24 to 72 hours instantly. Click through your options, book the appointment and you are good to go. If I needed to find a new doctor today, this is what I would use. Stop putting off these doctor's appointments and go to Zocdoc.com ramit to find and instantly book a top rated doctor today. That's Z o c d o c.comit zocdoc.com Ramit I know that some of us think better when we write our thoughts out. But for a lot of us, including me, I'm better when I can think out loud. If that's you, I recommend you check out Whisper Flow to save you tons of time to bring your ideas to to the page. Whisper Flow turns your voice into clean final draft writing inside whatever app you're already using, email, Slack, Docs, even text messages. And it works on Mac, Windows and iPhone. So instead of spending all of your time responding to messages, especially while sitting at a computer, you can hit a hotkey, speak and the text appears. It's accurate, it's fast, it's all formatted so you can get back to work. Here's what my friend said about it. Whisper is amazing because it learns the way you speak so you can send this rambling note as a text message and it kills all the filler words and it perfectly formats it for you. They said it's much better than using the Apple voice to text feature. The spelling is way better. If you want to buy your time back and get back to what matters. Check out Whisper Flow. Try it for free at Whisperflow AI Ramit. That's Whisperflow AI Ramit. W I S P R Flow AI Ramit. Or click the link in the description below. So with Brad and Angie, I noticed this pivotal moment of him being with his friends on vacation and the credit card not working. How embarrassing. The pattern so far seems to be that Angie's taking control and Brad is taking a back seat. But I think it's actually a lot more complicated than that. Would you care to discuss it? Cause I think it's actually pretty interesting what happened in the past, which might shine some light on where we are today.

Care to discuss Brad?

Well, of course it's easier to just let someone else handle everything. So that's kind of what I was doing. Angie. Angie is way smarter as far as the accounting goes.

And look at Angie's face right now. What's she doing?

She does. She doesn't think she is, but I think she is. She has a business degree and she's a spreadsheet, you know, whiz kid. I'm not saying it's right that I just took the easy route and let her handle everything, but that's definitely what I did.

I like to be the one who knows things. I don't. I don't like it when I don't know something.

I agree.

It's hard for me to admit. Uh huh.

Even to yourself. Okay. I appreciate the honesty. Okay. Yeah. When you did that, which happened over like, how many years did you do that for again? Look at Angie's face.

I mean, since we've been married.

Okay. 10 years. Yeah. You ever go on a boat? But like a canoe or something like that?

Yeah.

All right. Yeah.

I'm an. I'm an outdoorsy guy. Okay, well, kayaks and canoes and all.

That, then I'm already outclassed because I don't even know the name of the boat I'm trying to described. But the ones with the oars. All right, so you're on a two person kayak or whatever and you got one person rowing and the other is just like chilling.

What's the cost of that? Is the one in the back is doing all the work.

Yeah. And maybe you don't go as far as you wanted to go.

Yeah.

Maybe it's a lot harder on the one person rowing. Right.

And maybe you go in circles a lot.

That's a good point. Can we go back to the part about how you two interpreted the credit debit card? Totally Differently. What's your take? What happens?

Well, why it happens is because I don't have enough of a pluffer in the bank account to support that kind of action.

Why?

Probably because I been more on the house and things like that that I shouldn't.

Why?

Because I figure I make a good living and I deserve it.

Why do you deserve it?

Because I spent a lot of time in my earlier years not having things.

And so as a result, now that you make money, I don't walk around.

Going, I feel I deserve this, but I definitely feel like I do because now I make a good living and I want my children to have things.

I'm sorry, but I have to cut in here. Did you hear that last sentence by Angie? That was one of the most interesting single sentences I have ever heard on this podcast in one sentence. It was full of rationalizations and double talk. And then the ultimate justification, I'm doing it for the kids. Listen carefully as I play it again for you.

I don't walk around going, I feel I deserve this, but I definitely feel like I do because now I make a good living and I want my children to have things.

And what about Brad? Things like the vacation.

I want him to be able to go, you know, on those things. Like, you know, we're not hungry, we're not homeless, we have the things that we need. You know, we're Maslow's, we are above that. So I figure he can go because this is when they're going.

Even the vacation I took, it wasn't some extravagant vacation. It was to Florida with some guys. And we weren't doing anything extravagant down there. We're just hanging out and having beer and, and you know, being goofy guys.

But did we plan for it? No.

We should have enough money to go for a weekend with the guys down to Florida and you know, wasn't like I was going to Vegas and you know, letting it ride at the casino or something.

Yeah. And could you afford dinner?

Right.

Sometimes you don't have to be eating at a Michelin starred restaurant in order to be overspending.

Right.

Like there are a lot of families that never eat out. They just can't afford it. So I just want to, I want to be careful who we're comparing ourselves to.

Yeah, I was one of those kids that had a, had a paper out when he was like 12 years old and saved every penny and bought, bought my first bike. You know, walking past the bike store every day on my way to work, looking at that bike in the window and, and I finally said, dad, I got the money saved up. And he's like, what? And he didn't even realize that I've been saving it. And I went in and forked down cash and rode home on the bike.

How much did you make on that paper route?

20 bucks a week or something like that.

20 bucks a week?

It wasn't very much.

All right, well, to save up 300 bucks is very impressive.

Yeah. And it was a morning paper route, so I had to get up at 4:30 every day no matter if it was raining or snowing.

And why'd you do that?

Because they weren't going to buy me a bike. My mom was a stay at home mom. My dad was a banker, like a retail banker.

What kind of banker?

He was a commercial loan officer.

Okay.

We would go to dinner maybe once a year and you know, take a vacation, you know, camping or something like that. Nothing. Not going to Disney or something like that and spending a lot of money.

And when you say you ate out once a year, is that for real? You're not exaggerating?

I'm not exaggerating though.

Okay. All right.

They didn't really talk about it. I just remember we never really had a budget for food. My mom always thought food was like medicine, you know, you, you eat healthy and it's, it's just preventative medicine. She made everything from scratch at home. And that was the only really side financially that they've, that I really heard.

Did you remember asking them as a kid, like, can't we go to McDonald's? Like what would they have said to that?

My mom would have said, no, we can make a burger at home that's way better than a McDonald's burger, you know, Nice. And they were so. You can't argue with that.

That's true. And what about if you said like, mom, I want to go to Disneyland or I want to go here or there? What would you have said? Or what would your dad have said?

They would find ways like, like I had friends that were in like the ski club at school and they, and they would ski in these really fancy outfits and they had brand new skis and all, you know, all the equipment. I didn't have all that. But my mom found a way to make it work. She would find used skis and I would ski in my blue jeans and still had fun.

That's cool. You know, I love that resourcefulness of parents. I love it. It was a middle class life.

Yeah, I think so. I mean I, I would do crazy stuff to earn Money. I would sneak onto the golf course at night with my friends, and we'd go in the. In the water up to our chins and get golf balls, and we'd bring them home and clean them up. My mom would save egg cartons, and we'd sort them by the brand, and we'd go out on the golf course the next day and. Or Saturday, whatever, and we'd sell golf balls to the golfers. Sell the same balls they probably hit into the water.

Wow.

And we. I'd make money doing that. I. You know, I got a job at a restaurant when I was, you know, 16, and I just always had a job. Really?

What did you feel when you got that money? Whether it's cash or a paycheck, what did you feel?

Independent. You know, I didn't have to ask my parents for money. They didn't know where I was spending it either. So that was kind of. That was kind of fun being able to just get whatever I wanted and not have to ask.

Yeah. Okay. Okay. And if we just fast forward, like, 35 years, and it's you in Florida and you're calling up your wife and you're saying, can you please put 50 bucks on the card? What does that feel like?

Yeah. It felt like I was a kid asking my parents for money. And. And I'm not blaming Angie that I don't want it to come across as I'm blaming her. It just felt like I wasn't in control of my own money.

Yeah. Can't feel good.

Yeah.

I don't know what to make of Brad's story about having a paper route. You know, on one hand, he was a very resourceful kid. It's clear that he loved money and he loved the independence it gave him. But in his adult relationship with Angie, he's acting the exact opposite. He doesn't manage the money. Forget independence. He is literally a dependent as he calls his wife and asks her to put money on the card so he can pay for dinner on vacation with his friends. I'm confused. Let's take a quick pause for a message from our sponsors. When I talk to new business owners, I hear a lot of the same motivations. I want to make extra money. I want more freedom. I want flexibility. But I will tell you something that I've never heard. I want to start a business so I can fill out a bunch of tax forms. That sounds like my hell. The good news is you don't need to be a tax expert to start your own business. Instead, you can use gusto this episode's sponsor, Gusto, is online payroll and benefits software built for small businesses. It's all in one. It's remote, friendly and it's incredibly easy to use. So you can pay, hire onboard and support your team from anywhere. They offer automatic payroll tax filing, simple direct deposits, health benefits, workers comp 401k matches. You name it, they can help. Plus, it's quick and easy to switch to Gusto. Just transfer your existing data and get up and running fast with no hidden fees and no surprises. Try gusto today@gusto.com ramit and get three months free when you run your first payroll. That's three months of free payroll at gusto.com ramit once more, gusto.com/ramit there's this myth that if you rent, it means you haven't made it. I don't really believe that I rent and I want you to know that you are not a failure if you choose to rent. In fact, I want more freedom right now than buying a 30 year mortgage. But if I'm spending thousands of dollars a month, I want to get some of the perks that homeowners get. And that is where BILT comes in. BILT is a loyalty program for renters. You pay your rent through BILT and you can earn points for it. Think about it. You're earning points for your biggest expense every single month. And you can redeem those built points towards flights, hotels, Lyft rides, or even future rent payments. BILT has evolved into a complete rewards ecosystem where you get rewarded for the first time as a renter. And it's easy. Almost any payment method is compatible so you can start earning right now. I wish I had had this when I first started living in New York. Plus, BILT recently announced that homeowners will be able to get rewarded the same way on their mortgage in 2026. So stay tuned. Join the loyalty program for renters@joinbuilt.com Ramit that's J O I N B B.com Ramit and make sure you use our URL so they know that we sent you. Now back to Brad and Angie.

We're Gen Xers and so sometimes we're talking about like the clothes, you know, we had when we were kids and I wanted the Gloria Vanderbilt jeans and I couldn't have them. So like, his family to me was rich. As I look back, you know, we went out to eat more, but my mom was working as a waitress so we'd eat there, you know, at a supper club. This is Wisconsin. We have Supper clubs, you know.

Okay, hold on, hold on, hold on. What is this? Supper club?

Oh, my goodness. Yeah. You go to supper clubs around here, they serve you a delicious dinner and you have old fashions. You know what an old Fashioned is.

Yeah, yeah.

That's a Wisconsin thing.

Really?

Now, that's trendy, you know.

Yeah, yeah.

So we got to go out to eat there. But that's because my mom either got us to eat for free or cheap. But, yeah, we didn't do that a lot. My dad was a truck driver, so he was gone a lot of the time, and my mom was raising three kids on her own, essentially, when my dad was gone, so. And I had no idea we were broke. I shouldn't say broke. We were able to pay for things, to my mind, but I never asked for anything extra, and I couldn't afford the clothes, you know, that I wanted and things like that.

How do you know you couldn't afford it?

I don't know how I knew because we never talked about money at all. One time when I was a young adult, my mom said she remembers searching through the couch cushions for milk money. Wow. And I. And I was like, what? You know, or every year my mom would say, it's not going to be a big Christmas this year. And it was always a perfectly fine Christmas. You know, we definitely. We had what we needed to. To live. I was never disappointed. I don't ever remember thinking, oh, we didn't get anything for Christmas. It was never like that.

Okay. How is she doing financially?

They're fine. They're, you know, they're retired for many years now, and they watch their money because it's. There's no income coming in, but they don't feel the need to work to bring any extra income in. So they're. Yeah, they. I think they've done well for themselves, as I look back. I would have liked to have known more about how they did that, you know, and how they got to that point. It just wasn't talked about.

It's a very Midwest thing, you know.

Yeah.

Money is for the adults.

And she has a very German family, too, you know.

Oh, okay. Got it.

Bring up emotions.

So did you two of you ever talk about your upbringings around money with each other?

Yeah, we have. Yeah.

She's.

The fact that there is nothing really to talk about.

Well, Angie makes it sound like she grew up on Little House on the Prairie and she lived, you know, out in the country. And they did. They were happy with, you know, a straw doll for Christmas or something. I don't think it was that bad, but that's how it sounds.

Hey, one year. We got one year that mom said it wasn't going to be a good Christmas. We got these big TV pillows, me and my sister and brother, and we loved them. So, hey, we were happy. It's not that I didn't have things as a kid. I just knew that my parents worked their butts off. They were not just sitting around doing things for themselves. They were working really hard for us, and it was tough. So I didn't want to bother them with things. I wanted to feel like I'm free to do this now. I want to be able to say, yeah, we can do that, we can do that, we can do that. And I'm not crazy about it, but it's still above our means a little bit sometimes, but if I was ahead a little bit, then it wouldn't be, you know.

Did things change when you started making more money after your master's degree?

Um, yeah, for the better.

I think you made a lot more money then, right?

I think that's when we really buckled down and that's when we were trying to pay off debt and consolidate debt and get to a better place. Because now we. Now we had the money to do that and kind of play catch up. I. I'm. I'm looking at downsizing and getting rid of clutter, and I don't need a lot of things. I just want the simple life. I don't want to have to worry so much, and I don't, like, I don't need a fancy watch and a fancy car and all this. I just want to have a fun adventure with my wife and see this country's beautiful sights and. And things like that. Like before, it was like, okay, we're. We're racking all this stuff up just to survive, basically. And then once she got her degree and got a better job, then it was like, okay, we're making better money now. Let's get the financials in order. You know, we didn't just say, woohoo, yeah, all this money, let's go spend.

Well, a little bit, A little bit.

We took a trip with the kids because we finally had a little money, and we were like, this might be our last trip with the kids because now they're all moving out.

Where'd you go?

That was the Mexico trip.

How much did that trip cost?

10,000, 15,000 probably, because we took as many of the kids as we could.

I don't think. I don't think it's that little? I think it's more.

It might be. Probably. It's kind of like asking somebody how much they drink. It's usually you double it, you know?

Oh, yeah, I know.

Yeah. Like when your doctor says, how many.

Drinks would you say? Yeah, they just take whatever. Especially if you're a guy. They take whatever and then they triple it. It's like, all right.

Yeah.

I've tried to ask Angie how much we spent on that Mexico trip, and I don't think I've ever. I don't think I've ever got a straight answer.

No.

Okay, here are four things where nobody ever knows the actual cost of them. Number one, a house. Number two, a car. Number three, a wedding. And number four, a vacation. Do you know why? Because you don't want to know. People pick some arbitrary number for their wedding, like the couple we heard from last week, and then as the costs start creeping up and it's too late to cancel, they simply shift those costs to some black hole where you'll never have to think about it again. Well, I don't know. It's a little bit more than I thought. Oh, well. Can't do anything about it now. This is the power of systems and psychology that I teach in iwt. You've got to be humble enough to admit that you, me, and all of us, we are all human. This idea that I don't want to know the truth. Okay, you don't want to know the truth. Neither do I. Now, let me build a system to make sure that I can still function. I can save up ahead of time, I can add a healthy buffer, and then I can try as much as possible to stick to a number. But the trying part is the least of it. Building in the buffer and the systems. That is the real magic here. Okay, back to Brad and Angie. Angie got her masters, which triggered some changes in their money dynamic. And they're talking about potentially simplifying towards an RV life. Recall that they are in their mid-50s. Let me dig into their numbers for you. Right now, their assets are $494,000. Investments are $394,000. Savings is about $3,000. Their debt is $433,000, for a total net worth of $458,700. All right. What do you think about that number?

I don't like it. I mean, I'm happy with it in the sense that it was way lower couple of years ago, but I still am not happy with it when I project it out. We need, like, one and A half million.

Okay, good. Just the fact that you use the word projected is impressive to me. That's great. Okay, Brad, what do you think about those numbers?

I don't really know what they all mean.

We have about 11,000 in various credit cards, and then the car loan is about 30. That's my Bronco. The HELOC 39.

Okay.

Student loans, 107. Okay. And our mortgage, about 243.

What's the interest rate on the student loans and the mortgage?

The student loans on the bulk of it? On 105,000 of it, it's 6.5%.

Okay. And what about the mortgage?

And the mortgage is 3.125.

We took out a HELOC not too long ago to do some projects around the house. We kind of went through that pretty quickly on some of these projects, and then Angie said, oh, let's. That's pretty much gone now. And I'm like, what do we spend all that on? And she's like, well, we paid off the car, and we did this and we did that, and we did all these landscaping projects. And, yeah, I guess it did go faster than I thought it would, but we got a lot done, so I think we'll be in a good place when we go to sell the house. We put a lot of sweat equity into it.

All right, cool. Let's continue down here. Income. Did you know that you made a $245,000 household income?

Not really.

Okay. Angie, did you? Yes. Okay, well, you two fit statistically perfectly, because about 50% of the people I speak to do not know how much they make. So here we go, 50%.

This is only because I was using your conscious spending plan, though, before, so.

It'S helped before that you didn't know.

Not really. Because, I mean, I know what I make. I know what he makes. I wasn't really figuring it out, though.

It's kind of crazy, isn't it?

Yeah.

We spend our entire lives talking about work, thinking about work, being at work, and 50% of us don't really know how much we make.

Yeah, I don't think that I put that kind of thought into it all the time, because I was just trying to get through the months paycheck to paycheck to paycheck to paycheck that I just didn't. You know, the only time I thought about it was when you have to fill in a little scrolly thing when you're doing something online.

A lot of us believe very simple stories about money. You can hear it with Brad and Angie over and over. We needed to renovate so we took a home equity line of credit that just rolled off their tongue. When in reality a home equity line of credit is an extremely complex financial instrument. And even their comment that they're just trying to get through the months paycheck to paycheck. A lot of people just roll that right off their tongue as well. A lot of people genuinely believe that most Americans live paycheck to paycheck. Number one, that is not true and number two, that is meaningless. Since you have personally heard people on this podcast who make multiple six figures, they max out their 401ks, their 529s and then they complain that they are living paycheck to paycheck. Please stop with these simple stories that make you seem helpless around money. If you look up what the actual status of American finances is today, it's better than ever. Yes, housing is expensive. Yes, healthcare is expensive. But you've got to stop repeating these phrases that not just coincidentally disempower you. So if you're going to pick a story to follow, why not pick one where you're empowered and strong? Leave a comment below if you've ever told yourself a disempowering story about money before and what it was. I am curious. I'm going to read every one of those comments. We'll be right back. What comes to mind when I share these specific moments? Renewing your passport. Scheduling a dentist appointment? Replacing that light bulb that's been out for six months and you're not sure what's the right bulb. We all procrastinate on weird stuff and taxes are usually right at the top of that list. We wait until the last second that we get overwhelmed. We got to pull all this paperwork and we're panicked because the deadline is approaching. That's why I recommend Gilt. Now that tax season's over, this is actually the best tax time to get ahead. If you run a business or you filed for a tax extension, one small move right now could save you thousands later. G is not just another CPA firm. They helped one of my colleagues rethink his entire tax setup. Now he's saving more than he spends on tax prep. With G, you get a proactive year round strategy, not just a one time filing. Credits, deductions, business structure. It's handled. And their tech platform makes it easy to stay organized. You'll also get access to Gilt's full tax library with guides on retirement plans, QBI and more. So if you've got a business or you filed for an extension. This is the window to take control of your tax plan. Head to joingelt.com ramit to book a consultation and as a member of my community, you get to skip the waitlist. Again. That's joingelt.com ramit join G-E-L-T.com ramit taxes don't have to be a task with Gelt. They can be a tool to build wealth. Okay, I want to know if I'm the only one whose algorithm is showing me pizza and sourdough bread on my for you page. Like that's it. People just sitting there pulling stuff out of the oven and all I do is look at it. I just click it and I ooh, that cheese looks really good. I know I'm never going to make it myself, but I just love to watch it. If you are watching sourdough bread and people making a bunch of pastries, you know you're not going to make them either. But what if you had access to be able to have sourdough bread beautiful delicious croissants in your house right now using a Wild Grain subscription Wild Grain is the first bake from frozen subscription box for sourdough bread, fruit, fresh pastas and seasonal pastries. You take it out of the freezer, put it straight in the oven, no thawing, no prep. You can even customize your box. You can pick classic gluten free or plant based. My colleague recently went gluten free and she tried one of their boxes. They sent her the gluten free tortellini, brioche rolls and giant chocolate chip cookies. Here's what she told me. She said it was so easy and fast to make it felt homemade. I I made an egg sandwich with the gluten free brioche rolls every morning last week and it was amazing. It was ready in 10 minutes. This fall, treat yourself and your loved ones to warm sourdough breads and seasonal baked goods from Wild Grain. I also heard that they have apple cider donuts and pumpkin cinnamon biscuits, so get them before these seasonal items run out. For a limited time, Wild Grain is offering our listeners $30 off the first box plus free croissants in every box when you go to wildgrain.com ramit to start your subscription. That's right, free croissants in every box and $30 off your first box when you go to wildgrain.com ramit that's wildgrain.com ramit or use promo code ramit at checkout. Don't miss their seasonal products. Now back to the show. Listen to how Brad describes his feelings about money.

I worked at a very toxic company for a very long time and didn't get a raise for probably 10 years.

Okay.

And so now I'm at this really great company that treats me well. They give me a nice bonus every Christmas. I kind of don't really think about how much they're paying me because they treat me so well. I feel appreciated. I don't feel stressed coming home at the old place. Angie would say, you got to get out of there. So now I'm. Now I'm out of there, and I feel great. I guess I just kind of put it in the back of my mind because I feel so much better mentally and emotionally and everything now.

I'm glad to hear that, honestly. I mean, I want everyone to have a great job where they feel respected, appreciated, compensated well.

Yeah.

But I'm happy to hear that you made that move. Great job. But I just want to say it's extremely interesting that the two of you make certainly in the top 10% in your area, probably the top 5%. Do you feel rich?

I feel fortunate. I know that we make that much money. I don't feel rich because I still worry about money.

Okay. Do you feel wealthy?

See, that's a term I can't apply to myself, I guess I don't know why.

I feel rich for what I have in life, but not. Not in a monetary standpoint.

Listen, Brad, it's not a Hallmark movie, okay? Oh, the angels come out.

Just watch out as his hippie's gonna come out.

I know. Listen, Brad. Thank you. That's very pleasant. I love hearing that. Do you feel wealthy?

Do you mean financially?

Yes.

Yes.

No, I don't feel wealthy.

Okay, hold on. Hold on.

I'm still driving a crappy car to work.

What's that number on screen right there? What's that? Read it out again, Brad.

245916.

That's your household income in Wisconsin.

If somebody in California saw the size of our yard, they'd be like, that's like a $5 million piece of property in San Francisco or something.

Maybe more. Yeah. I love this beautiful example where you make an extremely high household income, which, by the way, doesn't even factor in some bonus. We'll get there. And you live in Wisconsin, so all the excuses are out the door. And yet here we have the two of you who still don't feel well.

Yeah.

What does that tell you?

We're warped.

No, they're not warped. They're just like everyone else who realizes that the way you feel about money is highly uncorrelated to how much you've got in the bank. I especially love this example because they live in an affordable area. Listen now, as they do mental gymnastics to make sense of their wealth.

Honestly, I don't know, because I do make enough money. I can buy this really cool composter for my little pantry so I can compost things, but I just feel like, nope, that's too much. I can't do that. I can't do that. I don't know. It's a little. Because why don't I have this money left over in my account every month? What's up with that? Why is my savings so low if I'm so rich or wealthy or whatever, I'm not handling it well or something?

I think that's very candid. I wish more people would just be honest about that. What does it tell you about your feelings, Brad? The fact that both of you are utterly resistant to define yourselves as wealthy, even though your income is in the top 4 or 3%.

It tells me that we. We have the means, but we're not managing it the way we could be.

If you managed it, would your feelings magically change?

Oh. Oh, I see. No. Probably not.

Hell no.

Well, when I think of rich, I think of people just spending extravagantly, and I don't think we've ever done that.

But didn't you tell me you took a heloc and you do all this renovation around? It sounds pretty extravagant to me.

I did all the work myself, though. I was moving boulders that were, you know, 300 pounds.

I went to pick out the vicuna sweater that I bought myself. I felt 10 different cashmeres instead of.

Paying a landscaper, though, is what I'm saying. Oh, I. I could have.

Fair enough. Fair enough.

I did all the work myself, so I don't. I feel like that's like the. The. The compromise that I make in my head. Like, yeah, we took out this loan, but I'm going to do all the work myself, so it's not as bad. It's not, you know, because what does.

Bad mean to you?

If you're doing that work and putting the sweat equity in, then it's not so bad to rack up that debt.

But I guess I want to ask you, Brad. What if you could live your life without having to rationalize what you do with your money? Like, for example, there are certain things I love to spend money on. I know my numbers If I can't afford it today, I save up for it in a disciplined way. And when I go buy it, I don't need to justify it by saying, you know, I'm sweating and pushing a wheelbarrow. I bought it because I love it and I can afford it. Does that sound like a possible identity for you, Brad, or does it sound totally opposite of who you are? Be honest.

Yeah, it would be hard for me. Even now, like, Angie tries to get me to buy new clothes, and I'm going to the thrift store and buying. She's like, we don't. You don't need to do that, honey. You know, we have money. You can go buy new clothes.

Do you know why you do it? It's.

It just seems extravagant when I can buy a. A really nice shirt that is $5 versus a $40 shirt.

This sounds very normal to what he says. I. I come home with a new. Some new clothes for him, and he's like, I could have gotten that at the, you know, Goodwill. And so he says that a lot. Like, I just bought one of the little Roomba vacuum. You know, not Roomba, but one of those things around the house. And I felt totally guilty about it. Like, I didn't even tell him I did it. Not because I'm afraid he's gonna be upset about the money at all, but because it feels like a shameful purchase. Even though, I don't know, we have a hard time with it. I agree. I don't feel like we're, you know, like, I still judge somebody who is wealthy by an 8th grade experience of me sitting in a social studies class and this girl that was in my school that we all knew was the rich one.

Laura, the rich one, whatever her name is.

I would write it down in my notebook what shoes she was wearing, because I was so shocked that she had 30 different pairs of shoes that she didn't have to wear the same pair of shoes. I was just like, this is crazy.

And you talked about the kid that had the round driveway, a circle driveway.

Always meant you were very rich, too.

Let me make an observation. Financially speaking, the two of you are wealthy. I'm talking about income wise.

Yep.

And when I hear you talk about the way that you think about money, behave with money, feel about money, I noticed that you're both still playing very small. And in fact, you have the worst of many worlds because you're playing small, meaning you're still talking about, like, Goodwill. Not because you enjoy Goodwill, but rather because it's just inconceivable to you to change your identity and to recognize that you can actually spend more. You know, I hear this eighth grade reference, which was like 40 years ago. It deeply sticks with you. I appreciate that.

Yep.

But at the same time, you've convinced yourself that you're just simple people. We're not spending extravagantly. Meanwhile, you have $11,000 of credit card debt. You have a home equity line of credit at $40,000. You have a car loan, $30,000, student loans for $107,000 and a mortgage. So you're actually getting the worst of both worlds. You're playing small and you're telling yourself, oh, oh, we're simple people, but you're deeply in debt.

Right.

Wouldn't it be much better to simply acknowledge we make extremely high incomes? We probably need to change the way that we treat money.

Yeah.

If I'm playing like the comparative thing with people I know, I know people that have, you know, a second vacation home and they have hunting land that they go to and they have, you know, a boat in a Harley and they have this and they have all these toys. I don't feel like we're spending on like, like, I, I don't know, I, I don't feel like we have all these toys that, that, that guys have my age that I know. We don't do that.

Brad, who said anything about comparing yourself to somebody?

Someone? I don't know if it's a midwestern thing or that people don't share what they make.

We're just simple people. We can take a home equity line of credit and spend it on expensive home renovations, but because I push that lawnmower myself and I hammer in the nail myself, that's not extravagant. Meanwhile, they're actually living the worst of all worlds because they have to concoct these fantastic justifications and they're still in debt. For a couple making $245,000, a rich life does not have to mean ATVs and a hunting ground, lodge or whatever. It doesn't have to be that. It can be what you want.

Right?

What is that like for you and Brad? What's the thing you do in your life where you see it? If you can afford it and you want it, you get it. What is it?

Oh, it's usually something stupid Star wars related. If I see it, I, I, I just get it.

Why does it have to be stupid?

Because it's because I'm a 55 year old man buying toys.

So what? I think that's cool.

Yeah.

Honestly, it's pretty refreshing to see a guy having a hobby. I don't think it's stupid. I think it's interesting. You describe your own hobby at 55 as stupid.

Well, I think most people would call it stupid.

You see what I'm doing with my head right now? I'm not trying to minimize your life. I actually think it's cool. And Brad, what I wish is that you would find your own interest cool as well, because they don't need to be minimized. I think it's really interesting and cool that you're an artist. Like, this guy has clearly thought about what he loves. He has a little hobby, a little routine, and then he's got this beautiful office where he puts his things. Memories. It's cool. So if anything, Brad, I'm impressed. And the money part is irrelevant to this. It's just the fact that I like seeing people unapologetic about what they love. That's what I like. But what it would take would be changing the way you think about your money. Because right now that's. That's really focusing on $3 questions.

Right.

Lunch. Should I get this shirt? Should I get this Star wars thing from Goodwill? That's not the question anymore. The question is why do you make $250,000 and have only $2,900 in savings? That's the question we should be asking. Why do you have all this debt when you make $250,000? That's the question we should be asking. Those are the 30,000 or even $300,000 questions. And. And that's the kind of questions wealthy people concern themselves.

Okay.

Okay. That's what we want to do. We. The theme of today is elevating. We're not going to play small anymore. I just won't allow it. Cool. Y. Let's put the numbers back up.

Okay.

Your fixed costs are 70% of your take home pay. That's a little too high.

Yeah.

Your housing cost is extremely low. That's fantastic. So I calculated that I combined your mortgage and your utilities, and you're at 7.3%. God bless Wisconsin.

We refinanced at a good time.

Good. How many kids live in the house now?

Zero.

Oh, okay. It's the two of you.

Yeah.

It looks so happy. Good. All right.

Good for you.

God bless. God bless empty nesters. Especially after six kids. You really deserve all the peace you can get.

Yeah.

Your clothes are $100. Fine. Debt payment is $3,316. All right, so I'm going to guess that you were overpaying on your debt. And I'm guessing because, Angie, you seem pretty savvy with money that you're overpaying on your to your get your credit card debt fast.

Is that correct?

Yeah, I have a snowball thing going on.

All right, fine. All right. So are you maxing out your 401k?

Yeah, we're doing 20% in on Brad's.

20% of his income at 60,000 a year.

Yeah.

Uh huh. Oh good. Okay, so you're maxing it out. Fine.

Yep. And mine's. Mine's only at 8% because I was too scared to do too much.

Hold on. We need to correct this real quick. This is one of those things that will change. Angie, the key thing that I would say is a couple making $250,000 a year who's savvy with money would never say I'm afraid of investing too much.

Yeah. Okay.

Particularly when they are. They had not been investing aggressively for a long time.

Yeah, right.

Fair enough.

Yep.

So that's, that's like a mental shift I want you to start making.

Okay.

What would a couple make? A 250k plus per year. Who's savvy with money? What would they be doing? Okay. This is changing your identity along with increasing your knowledge. Okay.

Okay.

All right. Your savings Goals are at 9%, which is about $1,000. Like if you were 25 years old, I would be like, this is good. But you're 55 and you told me you want to RV in 10 years. Especially because you're, you know, you only have like 3,000 bucks in savings.

Yep.

Who's tracking all this stuff?

Oh, that's me. Huh.

And anyone see the costs of having Angie do all this stuff for the last 20, 10 years?

Oh yeah, I just bought another book, like with all our. So I could write all my passcodes in it because I'm afraid he wouldn't be able to or up my passwords and stuff because I'm afraid. I don't know. I don't know what would happen.

Can I tell you, first of all, it's not the passwords that are going to save them. Trust me. You could sit him down right now and log him into your accounts. Brad would have no idea what's going on. Brad. Fair. Fair to say, yeah, it's a problem for a 30 year old married couple, but it's a much bigger problem for a mid-50s couple. Yeah, we got to get real. You know, people in your 50s, your friends probably who have gotten sick, maybe even some who have passed away. I'm not afraid. And I don't think any of us should be afraid of talking about mortality. We're all going to die. Let's just talk about it. So part of that is. That's one of the reasons I insist that both couples get involved with money.

Right.

But I'm going to get hit by a bus one day or something, and you think I want to leave a grieving wife at the mercy of some Goldman Sachs face who's going to try to circle her like a vulture and charge 1.25% AUM? No. We listed off some categories in the CSP to give Brad ownership of them. See, when you've got one partner who's been ignoring money for a long time, they need to take ownership. And you can start off small groceries would be one things like that. But I wanted to really dive into the RV that they want to get and travel around the country in. Don't you guys say you want to, like, retire and do the RV thing in, like, 10 years?

We were talking like two, but no.

What? Two years? Are you serious?

But I'm not gonna quit working. I'm gonna keep working.

Oh, all right. Are you gonna sell your house?

Yes.

Yes.

How much are you gonna make from that?

Hoping just under, depending on the market's still good in a couple years, like around 200 or just under that.

200. That's all in or minus transaction fees, updating, painting, all that stuff?

No, that. Yeah, that was not without all those things.

So maybe like, let's knock off 50K. Yeah, 150. And then. Do you have to buy an RV?

Yes.

How much does that cost?

Well, I'm hoping around 80. 80 or 90,000. Because we'd get a used one, we wouldn't get a brand new one.

Okay, all right, fine.

A new one would be extravagant.

See, we're simple people. We're just getting an $80,000 RV. Where's the money for all this?

Like we've already discussed, I tend to say it'll all work out. And I just want to have my eyes a little more open at that before we get there.

Well, step one is that it's not your eyes alone that need to decide this. It's Brad's.

Yes.

You alone cannot carry the load anymore. Okay, so that's number one. How much have you spent on renovations?

A lot.

Like, how much?

Well, we built a pond in our backyard, so that was about 15, $20,000 probably.

Simple people. Simple people with a pond. What else?

You know, did a Lot of tree removal. And so that's probably been over the last two years. That's been about at least 10, I think. 10,025.

What else?

We remodeled our bathroom. I keep thinking about wanting to redo my laundry room, but.

How much so far? That's about 40k. What else? Forget about the fact that you want to do a RV thing two years from now. If they go, we're 55, we have less than $3,000 in savings, and we want to drop 40k on home renovations. I'd be like, no way. Yeah, there's no way. It makes no financial sense. Okay. Second, I want to point out that this whole story about, you know, I don't need all this other fancy stuff, like 40k in home renovations is actually quite fancy. It's just politically acceptable where you live. We don't need all this fancy stuff. We're going to just renovate our house. We're going to do it ourselves. Were people of the earth, and it's going to come back to us. Right. Because it's an investment. So when we sell it d. Story upon story upon story. But the fact is, we're looking at the numbers. There's just no savings.

Right.

$3,000 a month being paid for debt. So the stories are not lining up with reality. Okay.

Right.

Now, would I say you have to sell your house today? No. But would I say if it stops you from renovating more, you should maybe. Or just stop renovating. Do you all see that you have been overspending even though you've told yourself you haven't? Yeah. So the story that you tell yourself is totally incongruous with reality.

Yep. Agreed.

There's no reason to take a heloc. There's no reason.

I know.

Brad, are you aware that as it currently stands, you cannot go in the RV two years from now?

It wasn't a set date. It's a goal. If it takes three years. If it takes five years.

That's not the question, though.

But.

You can't do it in five years either.

All right.

How do you feel about that?

Well, I would have liked to have done that. I don't want to wait until I'm 65 to. To go and do these things, and then I'm too old to hike up that mountain or something. Or, you know, I don't want to wait until I'm. You know, you hear about people. They retire and they're literally dead in five years. I don't. I'd rather do it now when we. When we're still relatively healthy and can do those things.

It's interesting that I've asked you several times, Brad, like, how do you feel about something? And I've never once gotten an emotional answer. And as a guy who probably, like you, was not raised talking about feelings a lot, I totally, totally understand it. I completely understand it. When I ask you how you feel about certain things, I'm not just asking for no reason. I notice your response is typically to minimize it. Oh, it's not so bad. Oh, three years is actually fine. Maybe five, maybe nine. It's not that big of a deal. And if you were to actually access how you feel about it and you were to actually, like, rip away the shield of armor and maybe get really honest, maybe really vulnerable in a way that you haven't been too often around money, I think that might actually connect with Angie and make her understand the effects of what is going on, particularly the overspending. Look at Angie's face right now. Yep. Brad, you do that thing, which is you say, everything's going to be okay. And as a provider in all these gendered ways, that's what a lot of people, particularly men, are taught to do. It's going to be fine. Any of this sound familiar? Well, yeah.

When Angie was going through her cancer, I said, it's okay. Chemo's only going to be one season. You know, it's going to be winter, and by spring, all that will leave behind us and we'll be on to a. A new chapter in our lives. And it's just kind of how I handle trying to handle things.

Thank God, because. Thank God, Angie, that you're okay. I'm thankful for. I know you two are thankful. Sometimes you have to be that. Just the. The person who can stay positive because someone else is going through something really tough like you did, Angie. Thank God for that. But this is not the time for that, Brad. Yeah, this isn't the time to put your head in the sand. It's happened for 10 years, and it's not the time to say it's all going to be okay. It's actually the time to say, you know what? I really want to go on this RV trip with you, Angie. And if we don't do it next year, okay, I could wait two years. I can even wait three. But I'm going to be pretty disappointed if we can't. It would actually make me regret a lot of this stuff we're doing. Or, Angie, it confuses me when I come home and see a rug, because that's money. That could be going towards our RV excursion. And it hurts because I thought we were focused on the same thing. Now watch this, Brad. Angie, if Brad said that to you, how would you react?

Well, it. Just hearing it kind of makes me feel. Well, it makes me feel a little guilty at first, but it. It kind of, like, releases some pressure from, like, I have to make everything perfect, you know? And I can't do that because I'm spending the money doing that, and it's derailing our other plans.

And you can't do it alone, and.

I can't do it alone. And it just feels like, yeah, you.

Can'T get where you're going unless the two of you are both rowing in the same direction.

Right?

Here's what I would be doing. I would first sit down and have a serious conversation with each other about this RV thing we've talked about. Let's revisit it. How serious are we? And everything's on the table. Maybe it's the thing we want to do. Maybe not. Maybe we want to try it for a month. We'll rent an rv. Let's just play it all out. What does it look like? Because right now it sounds like you're, like, burning the boats. We're going to buy an RV and all this stuff. Maybe, I don't know that you can afford to buy an RV at age 55 with $3,000 in savings. I think you could rent one. I think there's a big surplus of RV owners who realize it's a lot more expensive than they think. I'm sure you know plenty of them. You go, all right, your misfortune is my great luck, and I'm going to happily rent for a little while. And another way might be, no, we want to buy one. Okay, fine. So what's it going to take for us to buy it? And you start to go down each of these paths, and you're having these connective conversations, and one of you is going, I don't really feel that good about this option. Or, gosh, this is like the rental option for gosh. It's making me uncomfortable because I always imagined us having our own rv, but if it was the choice of not doing it at all or renting it, I could probably get on board to rent it and at least try that to start with. Stuff like that. You're talking honestly, and then you're looking at the numbers and saying, what do we need to be doing?

Okay. I just like to spend my. My later years with Angie doing fun things. Now that we're empty nesters. It'd be nice to just go on some adventures with her. It doesn't have to be in an rv.

Love that. Love the flexibility. Brad, that's cool. Angie, what are you hearing?

I mean, he said some of these things to me before, you know, but I've been solely like down this one path, but not really because I'm not planning properly for it. You know, I like that feeling of having these meetings and talking about it and having someone else to help me because I don't know all the right things to do. I mean, I try to educate myself, but I, you know, it feels like relief to me. Honestly, it feels like relief. I can change some things and we can have a more of a combined effort to get there. That makes me feel encouraged.

Okay, let's check out their follow ups and then I'm going to share my thoughts first.

Angie, I learned that I am giving away a lot of my income, whether that means to things that I probably didn't need, things that I felt like I deserved, that kind of thing. So I've really reevaluated that and will continue to do that. What surprised me is that I did not know how to ask for help for my husband. Husband. I didn't know that I was like keeping that all inside so much. I just thought I was just doing the bills. What changes will I make? So I've been working on our conscious spending plan and was able to move our fixed cost down from 70% along with Brad's help, down to 59%. So it's still a little high, but it's in the range that you, that you created. So I think that's good. And the, and the thing that most resonated, I think, is that my rich life means that I want to do this RV experience with my husband and my little dogs and travel around the country and see all of our kids and all the places that they are and see our country. So I want to do all those things. So we're going to make this happen.

And now, Brett, I learn from our talk well that Angie and I, if we want to pursue this goal of ours of selling our house and doing the RV life, that we need to buckle down a lot more and focus on the bigger picture instead of tiny things like small amounts of dinner debt and things like that. So we went through our spreadsheet and looked at some things that we could cut out, managed to get to a good starting point at least. We still need to find some other areas where we can make up for some investing and things like that, what changes will I make? There's some simple things I could be doing, like not going out to lunch so much and putting premium gas in my car or something like things like that. I think that's about it.

First off, I want to thank Brad and Angie for coming on and discussing their finances. It is incredibly courageous for anyone to come on the show and open up what may be the most intimate part of our culture, our finances. With that said, candidly, I'm disappointed in these follow ups. I think there were a couple realizations, like Angie asking for help from Brad. Brad taking a little bit of ownership over a couple of categories. But when you're in your mid-50s making 245,000 and you have essentially no money in savings and debt, there's some big realizations to be had. Now, I do know that for a lot of people, it's difficult to think ahead. It's difficult to make a long term plan. I get that, and I have a lot of compassion for how hard this is, especially with money. But when I spend several hours with a couple who applies to be on this podcast, of course my ultimate hope is that they make a big change. Unfortunately, that's just not a reality for everyone. It's very possible in life to go through making more and more money simply looking at what's in front of you. A new car, home renovation, rv. And you chase that feeling bad the entire time. And that is not a rich life. I want you to feel good. I want you to feel confident, competent, and I actually think if you put a little bit of planning into it, you can live a much richer life than you ever thought possible. Anyway, that's my philosophy. I want to thank Brad and Angie for coming on the show, being so open with me. I do wish the best for you and I would love to hear an update from you a year from now. For everyone who watches and listens to this show, thank you so much for being a part of it, for listening, for leaving comments, for sending me feedback, all of it. This is one of my favorite things I've done in 20 years of running my business. And a lot of it is because all of you in the community are with me every single week. Thanks. And I'll see you next week. Thanks for listening to I will teach you to be rich. I'm Ramit Sethi. Please follow the show on Apple, Spotify, or wherever you listen to podcasts. If you haven't read I will teach you to be rich my book. Pick up a copy you can get it at any bookstore or any library. And it will show you the specific tactics for how to build the I will teach you to be rich system into your personal finances.