147. “I don’t trust him with money, so I check his cc accounts”

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Based off my past decisions, she kind of doesn't trust me to make the future decisions. I don't have her 100% trust, but when it's like vice versa, I feel like I trust her. So it's kind of. I feel like I always have to kind of prove myself.

How much credit card debt do you have?

I have two credit cards, so 13,500 I believe is combined. It's bad. I know that for sure. What did it used to be at the beginning? About 22,000 or even probably more than that, 24,000 if I'm correct.

I just turned 30, so this is my year that I said that I'm going to get everything figured out. Like I'm going to get it set up. But right now I'm not working, so it's really bad.

Didn't I hear something about how you log into his credit card to check into it anyway? Ashley, is that true? That was true until when? She's like, until two days.

I haven't done it in like months.

Okay, okay, come on now.

Most of the time I speak to couples who are already married, but today I'd like you to meet Ashley and Christopher. Ashley's 30, Christopher's 28, and they are recently engaged to be married Christmas. Christopher is in credit card debt, and Ashley has become increasingly distrustful of the way that he handles money. They fight about money, then they stop talking about it, and then another fight comes up again. How do you get on the same page with your partner before you get married? That is what we're gonna discuss today with Ashley and Christopher. Let's start with a recent situation that happened with Ashley and Christopher at the car dealership.

Chris had to get his oil change. So we already, like, you know, when you go to the car dealership, they always, like, suggest you to get something extra. Like, oh, you need to do this, you need to do that. Usually in a case, you really don't need to get those things done. And they were like, all right, Chris, your car is ready. And so they were like, oh, we suggest that you get the transmission. Yeah, cooler transmission. Yeah, transmission done. I was like, oh, maybe, you know, we can wait a little bit. You could just get the oil change. The total was $817. I was like, wow, that's a lot. I asked Chris. I was like, well, how much money do you have? He was like, I have $814 in his bank account. I was like, okay, so let's, you know, wait, you know, just get the oil change done, and we can come back in a couple weeks and get the. Everything that they're suggesting. But he went on and got everything done knowing that he only had $814 in his bank account.

What happened in the car ride home.

We were. It was a little tense. We. I don't think we kind of discussed it. I think we were just. The tension was there. We didn't really go into detail about why he made that decision. When we're tense, we let it rot for a little bit. And then we.

What does that mean?

Let it rock? Like, we. We let it. The tension ride out. Like, we don't go into it, like, right away because we don't want to say things that we don't mean.

I was going for an oil change because I knew was. It's been a while since I got my car serviced beforehand. I knew that I needed to get some things done extra because, again, it was that time to get service. So I knew when the oil change was being done, something else was gonna be also spotted on it. So it's like, I'd rather kind of get it done at that time and then kind of Figure something out afterwards. So I decided to pay the whole $800 and kind of split it between checking $400 and then also $400 of my credit card. And I let Ashley know I made the purchase. And then when I came and sat down, she was like, oh, I can't wait to tell Ramit about this. And it kind of threw me off.

When she made that comment. What did that feel like to you?

That she didn't trust me.

Is that a recurring pattern when it comes to money?

Yeah.

Okay.

Especially when it comes to my credit card debt and stuff like that. It was. It was tense for a little bit. I feel like once we had that conversation at the dealership, I kind of just let it go. And then I believe, like, it got brought up again, and I just. I didn't know we were going to talk about it because I thought it was over. But we talked about it, and it was just like, why did you make that comment regarding Ramit? Like, why do I need another person to tell me if I'm making a right decision or wrong decision? Because I feel like I made the best decision for myself as well. I don't need. It's my car is. I need it for my transportation. And I don't want to inconvenience myself or inconvenience Ashley if something were to happen. So I felt like that was the best time to do that.

Okay, so if I'm hearing right, Ashley, Christopher perceives Ashley not to trust you about your money decision, specifically credit card debt, Ashley, is that fair to say?

Yeah, that's very fair.

I feel like she doesn't trust me sometimes when it comes to those money decisions, or if she feels like some of the. Or I feel like. Let me just preface it like that. That she kind of based off my past decisions, she kind of doesn't trust me to make the future decisions. And I feel like that's problematic.

All right. And does it work in reverse, too? Like, Christopher, do you not trust Ashley for her financial decisions?

Not at all.

Okay, so it's Ashley you don't trust Christopher?

Yes. That's why we're here.

It's a handful. It's usually big situations that come up.

Oh, big. Like what?

We're trying to plan a wedding in the next couple, like a year or two years. Just even, like, when it comes to, like, saving for the future, when it comes to having kids, or do we plan to stay where we are in the next five years, seven years? Like, there's. I feel like there's kind of like that trust factor you need to make those big decisions. And I feel like sometimes when it comes to me, I don't have her 100% trust, but when it's like vice versa, I feel like I trust her. So it's kind of. It feels like I always have to kind of prove myself.

All right, so I have a question. If I were not here, how would you resolve this? Let me guess. Just ignore it and then paper over it and then never talk about it again until the next thing comes up, basically. That sounds familiar. I also love to avoid. It's like, ah, fine, whatever. But the problem is it comes up again and again in different forms, right? No, it's not about the transmission fluid. It's about the trust.

It doesn't feel good at all. It feels like. I feel like. It's kind of like I'm in this weird space where I. I could get judged very easily if I make the wrong decision.

If it were up to her, what do you think she would have done if she were in a similar position as you?

Probably waited. Hmm.

Okay, Ashley. Pretty fair what Christopher's saying, right?

Yeah.

Why did you make a different decision? I'm not saying it's right or wrong. You made a different decision. You're a different person. I'm just curious why you made the decision that she would not have made.

I just felt like if again, like, even though I don't have the money, I feel like the money will come soon because I was getting paid on Wednesday or the next following week. So I felt like, okay, even though I put it on my credit card, I could pay that $400 portion and still be okay. And I still have my car. You know what I mean?

Quick question. How much credit card debt do you have right now?

I have two credit cards, so 13,500, I believe, is combined.

That's kind of a lot, right?

Yeah.

Doesn't everyone kind of start off the same way, like, oh, I'll just put on the credit card, and then, like, I'll pay it off next week. And then they blink their eyes and they have $13,500 in credit card debt.

It's bad. I know that for sure. But it's something I'm working through as well. And also trying to get to the point where it's like, it's going down. So she also kind of sees that progress as well. What did it used to be at the beginning? About 22,000.

All right.

Or even probably more than that. 24,000, if I'm correct. All right.

How long have you two been engaged for?

It'll be a year.

Nice. Congratulations.

Thank you.

Thank you.

And how long had you been together before the engagement?

A year and a couple months.

One year.

And yeah, sure, they may not be communicating in the best way about money, but the thing I noticed is that if they fix this now, before they're even married, they have so much time to live a rich life together. With that said, it is a huge red flag if one partner does not trust the other around money. Remember, money is not just the amount in the bank. It's not just some number on a spreadsheet. Money is about how you approach decisions like getting your transmission fluid changed, buying a house, deciding whether or not you're going to have children, or if you can afford to get childcare, retirement, even life or death decisions. And Christopher admits that he struggles with credit card debt. He says it's bad. So I don't quite know what to make of this situation yet, but I'm hearing lots of clues. We'll be back after these messages. 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 doc.com ramit zocdoc.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 Built 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 BUILT 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 I L T.com Ramit and make sure you use our URL so they know that we sent you. Now back to Ashley and Christopher.

I don't think I'm good with money. I just think I'm a good saver. I don't know how to disperse my money. Like I don't have a. The Roth IRA or I don't have like the High Yield Savings Account. Like I, I just have money in a bank which I know is not really good.

How come you haven't gotten better at money? I'm curious.

I don't know. I just turned 30, so this was my year that I said that I'm going to get everything figured out. Like I'm going to get it set up. I grew up in a home where we didn't have that financial security. So I want to break that generational. I don't know if I'll call it curse, but I want to break that trend and have that for my family of we're good with money.

Good. What does that mean? We're good with money? Describe that to me.

Like we don't have to worry about anything. Like we have money in a bank just like for like savings, for vacation, for just pretty much to do whatever we want that makes sense for us.

Just a quick question. If you're good at something, do you worry about it or no?

I feel like right now I worry about it. I don't like to see myself as a worrier, but that probably is true.

Hold on. Tell me that you don't like to see yourself as a worrier. I love to hear that. What do you like to see yourself as?

I guess someone who is level headed when it comes to making money decisions, you know. All right, I want to make the right decisions.

Okay.

But I think when I get to the point of, you know, having that, you know, I don't know, income, I probably wouldn't worry about it as much.

Okay. Listen to this podcast before.

Yeah, I know.

Like, what do they all say? What do they all say?

Hey, they say the same thing. They say the same thing.

I know, but that's okay. At least we're here talking. I appreciate that. Christopher, what about you? When you think about money, what words come to mind?

I see more as like a tool or stability, like a means of kind of progressing to the next stage of your life. Stability. More of like investment wise, making sure we're on the same page. Stability when it comes to like retirement funds as well. Just having that stable stream of money coming in.

Okay, let me ask you a question.

Yes, sir.

Can you be financially stable and have credit card debt at the same time?

No.

Okay. Are you financially stable right now?

No.

Okay, what would it take in order for you to become financially stable?

Reducing that credit card debt for sure.

To how much?

Zero.

I have to cut in here really quickly. Notice the language Christopher used right there. He said, in order to become financially stable, I'd have to reduce that credit card debt. And then I asked how much? And he admitted, zero. Now this is fascinating. People who have problems, they often know what success would look like, but they are scared to say it out loud. He is scared to say, I need to pay off all my credit card debt. Instead, he uses the word reduce. It makes it less intimidating. It's also less precise. And this is exactly what's going on. People are scared to say what they actually need to do out loud because one, they don't trust themselves to achieve it, and two, they, they believe that once they say it out loud, they have to do it. Which brings us back to number one, they don't trust themselves. Your language determines your destiny. If you say, oh, God, fine, let's talk about money, then you probably hate money and you're probably going to hate talking about money and dealing with money for the rest of your life. If on the other hand, you say, wow, amazing, we get the chance to sit down and use money to live our rich lives, then you're going to start to love your rich life and you're going to be grateful and appreciative and even generous with the money that lets you live it. Be mindful of what you say and how you say it. It affects your partner, it affects your children, but most of all, it affects you. What was the first time you really talked about money together?

That first night that we met?

Oh, my God. Hold on, hold on. Before you describe this to me, every single finance nerd is going to love this because this is their advice. They literally tell people, you know, guys, you really should talk about your financial philosophy on the first date. You should talk about your Roth. I'm like, I'm just looking at them and I'm like, have you ever been on a first date? You think even I'm not pulling out my portfolio to discuss it? But you did tell me what happened.

Yeah, so I'm more of the financial nerd of the. Of the couple. So I'm for my living. I do. I'm an accountant. Like, again, kind of like what Ashley said, trying to break generational curses. Like, I didn't know a lot. I'm a first generation African kid, so it's like, a lot of everything I kind of know. I had to learn myself when it comes to investing, when it comes to a Roth IRA, 401k, all those things. So I knew, like, I wanted somebody not on my level, but also to, like, take money serious. We're gonna have kids. Like, what is our plan? What are our goals in the future? So if I know that she can, you know, she's good with her money and, like, she's understanding, I know it could go, like, a long way. So I kind of brought it up. And plus, too, I'm very, like, transparent when it comes to my finances. When we first started dating, I told her about my credit card debt. I let her know everything because, again, like, I don't want her to come into a situation and not know what's going on.

All right, so, Ashley, what was it like early on dating to talk about money? It's pretty unusual.

It was fine. Like, we started off, like, long distance. So, like, our conversations were over the phone. So I didn't.

He.

Yeah, he did tell me about credit card debt, but I guess I didn't really understand it until, like, what does that mean?

What do you mean you didn't understand?

Like, I'm, like, getting into credit. Like, I never knew about credit. Like, Like, I never had a credit card until I met Chris. I don't know, I just. I didn't. I wasn't educated on credit cards.

Wow.

But I started listening to, like, financial, like, you know, podcasts and, like, which ones? Dave Ramsey, how'd that go for you? Yeah, I was, I started. I was, like, very passionate. I was like, we're gonna get rid of this debt. Like, this is unacceptable. Like, you need a sense of urgency. Like this. Gotta go. Like, I don't understand why you would have all of this debt.

I have a question. Why are you talking to me and not Dave Ramsey? Serious question.

Because I. I like the way that you go about financial talks. You know, it's not like rice and beans starving yourself and not like you encourage people to still live their rich life and still get to a point of financial freedom.

Okay.

You know, all right, I appreciate that. It is interesting to me that Ashley didn't have a credit card, didn't know much about the basics of personal finance. But Christopher, you're the one in credit card debt. That's an interesting dynamic between the two of you, don't you think?

Yeah, I think so. Yeah.

Didn't I hear something about how you log into his credit card to check into it? Anyway, Ashley, is that true?

That was true.

Until when? She's like, until two years.

I haven't, I haven't done it in, like, months.

Okay, okay, Come on now.

Some of the most jaw dropping moments on this podcast are when I ask people what their occupations are. On this podcast, we've had people in serious financial trouble who are brokers, accountants, even personal finance teachers. It's just a reminder that you can be skilled at one part of finance and unskilled at personal finance, which is totally distinct from loans and investment bankings and private equity. In fact, you can read all about personal finance, but when it comes to your own money, you may not be managing it effectively. Notice the dynamic, by the way. Christopher knows a lot about money, but he's the one in debt. Then we have Ashley, who didn't even have a credit card until recently, and now she's the one who's worried about how Christopher treats money. What do you make of that? I wanted to know more. So let's listen to how they were raised, which is going to give you a lot of clues as we go through the next few minutes. Notice the generational patterns that are revealed.

So I was raised by a single mom because my parents got divorced at 2. Just her being, like, kind of by herself. Not really having a lot of family here because a lot of them were in Ghana. It was more about, like, trying to kind of figure it out. Just kind of getting by. I mean, I got everything that I needed at the time, but it was just more like she would just work non stop just trying to support me and her. And then that's what I kind of seen growing up, Just like her work ethic.

And you're the only child?

No, I have a younger brother and sister, so at 13, my parents remarried.

Whoa.

Yeah. Then they started having kids. So my little brother and sister, but they didn't talk about money because there was constant distrust in the relationship.

Who distrusted who?

Both. Equally. Honestly.

Why?

They had a lot of baggage from when they first divorced, and they never reconciled on that. So when they did get back together, they thought it was good for a little bit. And then once money kind of got involved and started, a bigger decision started happening. That's when the problem started to arise.

Are they still married?

Not happily.

Gosh. Do you see any connections between your parents and what's going on right here?

Yeah, I see a pattern, Especially when it comes to Ashley. And it scares me because I know when it comes to trust, it's like if you can't trust somebody on, like a small issue, it becomes a huge. A huge issue, and it bothers the next generation coming up. Like, it was a huge hindrance for me, and it's still a huge hindrance for my siblings.

Yeah. And imagine that the two of you have kids. Exactly what age do you think they're gonna start realizing mom and dad don't trust each other about money? What age do you think?

Very soon. Shoot. I knew it as soon as I got in, so bingo.

Five, six. They know. This is quite interesting. Now, what I'm puzzled about, Christopher, especially now, understanding how you were raised. What puzzles me is why, like, why isn't this a red alert for you?

Again? Watching my mom as I was growing up, she used credit card debt to kind of get through.

Your mom was a single mother from Ghana in the United States?

Yeah. She was using credit cards? Didn't know. Didn't have credit cards in Ghana, West Africa. So again, she was trying to do the best that she could at that time.

So you think you know a little bit more than your mom?

Yeah, and I still did it.

Still did it. Why?

Honestly, again, kind of the same mindset. Just getting through. Like, even going through, like, undergrad years, I had to pay for school because they couldn't come to agreements or they couldn't. Again, they had the combined neck income for me to go to school for free, But I had to go pay everything out of pocket. And I Knew for me, it's like, I didn't want to not go to college, so I got a credit card to kind of put myself through college.

And that's how you paid for college?

Yeah. And then also I did my master's and did the same thing. But at that time, when I did my master's, I was a little bit more responsible. When I went to my jobs, I was able to get some tuition reimbursement, so I was able to do it that way. But I still have some credit card debt that I have to get rid of.

What lessons do you think you learned from credit card debt in your life?

Probably nothing, because I'm still using it.

So maybe lesson number one is that credit card debt is not so bad.

Yeah, right. Because I'm pretty casual about it. Yeah.

Yes. Let's go all the way back to your mom. Your mom comes here, single mom from Ghana, trying to figure out what to do. She's using credit cards. What lesson do you learn from that?

It's okay to use it.

Sure, it's a little bit of debt, but whatever. At least we have food to eat, right? Credit cards are not an enemy to you. Credit cards are one of your best friends. So when Ashley tells you pay off these credit cards because they're bad, what are you unconsciously saying inside?

I don't want to give it up.

Bingo. This is one of the greatest gifts I can give someone, which is a fresh way to look at something that they've been thinking about for decades. Decades. Christopher just doesn't understand his own behavior. How can he be in debt? Just like his mom when his mom was in a much tougher position? Now, when most of us have something about ourselves that we can't understand, like, why don't we save more? Or why don't we eat more healthy food, or why don't we stay in better touch with our loved ones? You know what we mostly do? We avoid it. Why would we want to think about something that we're failing at? And that's what Christopher is doing. He's put blinders on around credit card debt. And on the rare occasions when it comes up, like at the car dealer, he creates a narrative that sounds logical. Well, you know, for convenience, I got to pay it, and I had the money, but I didn't really have the money, but I'm just going to put it on there and it's fine. That lets him push the problem away. The real danger, of course, is that he doesn't change anything with the way he treats money. And if that happens, he's very likely to live a similar life to his parents. We'll be back after these messages. 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 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 Whisper Flow AI Ramit. That's whisperflow AI slash ramit W I S P R FL flow AI Ramit or click the link in the description below. 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 and 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@gusto.com ramIT Once more, gusto.com ramit let's get back to the show. So, Ashley, you mentioned that something about generational curse and that you didn't grow up knowing anything about credit.

It was always that we never had money. It was never in an abundance. So my mom, she actually, she passed away three years ago.

Sorry to hear that.

She was always trying to figure it out. She was a single mom of five kids. It was five of us. She did work, but the job that she had, it just wasn't enough to provide for all of us. You know, like our church family, they helped us with whatever, like clothes, food, whatever. We always had what we needed. It just wasn't money.

Would you describe your family? Would you describe them as middle class, lower middle class, poor? How would you describe.

I guess, poor to lower middle class?

Okay. All right.

Yeah.

And as you got older, with four other siblings, let's say age 10, age 13, what do you remember about money in your family then?

I knew that we didn't have a lot of money.

How did you know?

Just because, like, I wasn't able to get all the clothes and cool shoes that I wanted to. If I wanted to go out, go to the movies or something. Like, my mom, you know, she might not have the money, so I wouldn't be able to go to the movies with my friends.

And what about, like, school clothes and stuff like that? What would she say if you asked her for something you wanted to get?

Well, we used to shop at the thrift store a lot. So we would go to the thrift store, and I always was like, ugh, I don't like the thrift store. Why can't we go to, I don't know, JCPenney Kohl's new clothes?

And what did she say to that?

I think she was like, Ashley, like, she always said that I had this. What was the word? Like, I'm high maintenance. She always said I was high maintenance.

Are you?

I don't know. Maybe.

What does it mean anyway?

I don't even know. I think. I guess it means, like, it might. Might take a lot to please me. Or high maintenance. Yeah. I don't know. Maybe I just like fancy stuff or.

And can I ask you, is liking fancy stuff a bad thing?

It's not a bad thing. No.

Was it a bad thing to your mom?

No, because she liked fancy stuff too.

Oh, really?

Yeah, she was a diva.

Okay. All right. And your siblings, are they brothers, Sisters? Both?

Yeah. I have an older sister, and then I have two younger brothers and a Younger sister.

Okay, great. Do you all ever talk about money?

Now, as adults, I'm like, the more responsible one of my siblings, so I try to get them on the right track. And actually, I bought them your book. I bought every one of them your book with the intention of us reading it together.

I love that. This is you and your siblings reading it together.

Me and my siblings? Yes.

Okay, amazing. You mentioned you're the responsible one. So what does that make your siblings?

Going back to, like, the generational curses. Like, I can kind of see, like, a pattern of, like, how my mom dealt with her money, seeing it trickle down into how my siblings deal with their money. Kind of never having money like you. Like, my mom, she would even have to ask me for money sometimes. And I'm seeing it in my siblings, like, they have to ask me for money.

What do you do when they ask?

I give it to them.

How much?

You know, it's probably like 20, $30 here and there, sometimes in the hundreds.

That's unusual. I would have been less surprised if you said $2,000. You know, oh, my gosh. One of them needs a dental work or their car broke down. Okay, I could understand that. But 20 bucks?

I don't understand it. Like, why wouldn't you have that amount of money saved up?

What's coming up for 20 bucks?

Gas money.

And then what do you say?

I say, sure. Okay. And I give it to them.

All right. What do you think is happening in this exchange?

They know that they can come to me whenever they need money and that I'll give it to them. So I don't know if it's me enabling them to continue to ask for money. Yeah. I don't know. I really don't know how I could help them because, like, if I don't give it to them, then they'll probably get it from someone else.

So what if nobody gives it to them?

Yeah.

What would happen?

You know, I probably have to figure it out, you know, figure.

Who used that phrase, figure it out?

I don't know.

Your mom.

Oh, yeah. Yeah.

You have difficulty saying no to people?

Yes, I do.

Not just with money, right? With other things.

Other things? Yes.

Do you think that that shows up at all in your relationship with Christopher?

I'm pretty sure it does. I'm not sure how he might be able to explain it better.

She says yes a lot of things. I feel like, honestly, she's a little bit more harder on me than she is on her siblings.

Why?

Because kind of like the car example, for instance. Like, she'll question you on that. But when it comes to her siblings asking for like money on money on money, it's like she doesn't question. She's just like, hey, here it is.

What I'm hearing is very human. You know, people want to help the people they love. That's a given. I'm never going to tell somebody, don't help the people you love. But often the way that we help them actually can do them harm.

Like maybe it's me like trying not to get where, like how I grew up.

Yeah. Which was what?

Poor.

Okay.

And not knowing about money.

So what do you do instead to try to avoid being poor? What do you do?

I guess I save.

I agree. And that's a healthy thing. Saving is good. What else do you do?

I give as well.

You give. Okay. What else?

Criticize.

There's so much to unpack here. A family that was lower middle class or even possibly poor mom who was quote, a diva and told Ashley she was high maintenance even though she was the responsible one. And now as an adult, Ashley has trouble saying no. Where does Ashley direct her anxiety about money? Well, she tries to buy the IWT book for her siblings, but they don't read it. Instead, she directs her anxiety to her fiance Christopher as she criticizes and checks over his spending. By the way, her fiance also gives her a lot of reasons to feel scared about money, like his credit card debt and his attitude towards money. I could spend hours talking to Ashley about her relationship with money, but right now I want to focus on the two of them. Ashley, does Christopher have a sense of urgency around paying off his debt?

No, not at all.

Christopher's smiling. Yeah. What's that big smile?

Yeah. I don't have a huge sense of urgency when it comes to that.

Why?

I guess I have this mindset that debt is kind of always going to be around, especially when it comes to my credit card debt and more along the lines with my student loan debt. So I don't wanna again live my life trying to pay off this debt as soon as possible because. Or stop myself from living my life just because I have to pay off this credit card debt. So I don't have that huge sense of urgency. But I know like I am making ways to pay for it right now or I'm trying to get in a position where I could pay more on it. So it's like I'm also very aware of it. I don't try to let it get to me. But it's more so like I don't Want it to kind of hurt my partner and her trust backed over me. So that kind of motivates me to kind of pay it off quicker.

What do you think, Ashley, hearing this?

I don't know. Maybe once he gets more money, like, he might feel that he can pay it off quicker. But I think as of right now, like, he still has that mindset that, you know, it's kind of always going to be there.

What if he never changes his mindset about his debt?

I think I'll probably, like, still try to convince him.

If he still doesn't change, then what?

It's just going to be a very difficult relationship.

For how long?

Forever. Because we're gonna get married, like, again.

Goes back kind of to the trust thing. If I don't change my mindset, her trust in me is just. It's not gonna be there.

And then what happens as you get older because you two are like 28, 30, let's say you're 35, 37, 40. What starts to happen in life with the two of you?

Things get harder.

Have you thought about this question before?

I have, I have, but I have hoping that I have hope in Chris and myself that we will eventually get on the same page. So I'm not too, too worried. It isn't concern, but I do believe that we will figure this out. I would love us to be the right partners. I believe that me and Chris, we work very well together. Um, it's just like this specific subject is hard to, like, get on the same page about. And I know this specific subject is very important.

I believe more in investing, but she believes more in saving. It seems like we're not on the same mindset, which could create problems between the both of us, because we're both trying to do what we feel is the best, but we're not getting to any solution because we keep butting heads every time.

Yeah. Not may cause issues, it is causing issues. That's why you're here. And it will cause even bigger issues when bigger stakes are around.

Yeah.

If the two of you are going to get married and have a healthy relationship with each other and with money, you got to have a shared vision of what your rich life is. You cannot just lecture each other on what that person should do with money.

All right?

Like, no couple should be debating over how one person spends their money to get the car repaired. That's not the point even. It's not about the car, is it?

No.

It's about how did you make that decision? And don't we think about things the same. Shouldn't we at least think about the big things in the same way?

Yeah.

So we have all agreed that we're not going to leave this call unless we make some type of dramatic change. Are we all in agreement?

Yes, sir.

Yes.

Notice the very common mental gymnastics that Ashley demonstrates there. I point out that being married to a partner who doesn't have much urgency around money only gets harder and harder as you get older and you navigate a family and buying a house and on and on. Her response, I have hope that we'll eventually get on the same page. And then she says we're good. Except for this one thing. Now, I have a lot of compassion for people who say both of these phrases. In fact, they're common. This is about what 90% of people would say. But deep down, they are just a way to reduce the cognitive dissonance that that she's feeling. It's terrifying to consider that like most people, she's just sliding into marriage without resolving this very serious disagreement about money. My perspective having been married. Money is one of the things you want to get aligned on as much as possible before you get married. Doesn't mean you have to agree on everything. One or both of you might even have debt, that's fine. But you want to make sure that your philosophy towards money is basically aligned. Do you think the same way about savings? Do you think basically similar ways about spending? Hey, what if one of you gets sick? Do you want to buy a $3 million beach house or live in a tiny off the grid house? Now, these are important topics. Your rich life is important. And I want every one of us to take these questions seriously. We'll be right back after this quick break. 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, then we get overwhelmed. We gotta 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 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. GT 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 Gelt you get a proactive yield 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 G'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 wait list. Again, that's joingelt.com ramit join G-L T.com ramit taxes don't have to be a task with Gelt. They can be a tool to build wealth My amazing wife has taught me a lot of things. She certainly leveled up my style. She certainly taught me to stop and celebrate more, something I did not used to do. But she also taught me about the fashion industry, specifically its sales tactics around Black Friday and Cyber Monday. She basically has a rule of not falling for sales gimmicks for things you don't actually care about, but you are tempted to buy them just because they're on discount. Instead, use a tool like Rocket Money to stay on target with your conscious spending plan. Rocket Money is a personal finance app that helps find and cancel your unwanted subscriptions, monitors your spending, and helps lower your bills so you can grow your savings. Just link your accounts to start and it lays everything out. Your subscriptions, your bills, your due dates. You can customize it with your conscious spending plan. Like a lot of our readers do. Rocket Money has saved users over $2.5 billion, including over $880 million in canceled subscriptions alone. Their 10 million members save up to $740 a year when they use all of the app's premium features. Cancel your unwanted subscriptions and reach your financial goals faster with Rocket Money. Go to RocketMoney.com Ramit today. That's RocketMoney.com Ramit RocketMoney.com Ramit let's dig into their numbers. Keep in mind that their money is still separate, they're not married yet, and they've chosen to fill out two conscious spending plans to reflect that. If you want to follow along, you can get the very Same template@iwt.com CSP now. Actually, I have to admit I was puzzled because you didn't enter your income.

Yeah, because I don't have any income.

What do you mean you don't have any?

Because she's in between Assignments.

So she doesn't like, I'm not making any money right now.

But how much do you make over the course of a year?

60, 70,000? I'm not sure.

What do you do for a living? I'm confused.

I'm a medical. I'm a medical laboratory technologist.

Okay.

So I travel for work and so I usually do like 13 weeks, three months. So that's like three months or six months assignments, and then I'll take a break. So right now I've been off work for almost a month.

Like, are you a contractor or do you have a full time employer?

Oh, contractor, yeah.

Okay, so you're 1099. All right, fine. So can you choose how much you want to work and how little you want to work?

Yes. So with my income at the time when I'm working, it seems like I'm making a lot. So I could, if I were to work non stop, I could make $120,000.

Okay.

But due to me taking time off, I don't make that much.

Take like six months off per year.

Three to four months off. The point is he thinks that I'm making more money than him, when in reality we are pretty much making the same amount.

Okay, Christopher, what do you think about that?

Oh, I don't. I don't see as that she has again, like she said, a 3 6. She could extend if she wants to. In that month she receives her monthly income and then she also receives a stipend because she is traveling. So she can make around $8,000. If she consistently did that through the 12 months, then she'll get that $100,000 figure. But because she tends to take those breaks, that's when it's like lower yearly.

I don't think you guys are disagreeing. I think you're saying, like, hey, she makes roughly 65,000 a year gross. If she wants to work more, she can work more. Everybody agree?

Yeah.

Yes.

And Ashley, would you be willing to work more?

Yes.

Oh, how come you don't? Out of curiosity.

I take a lot of time to. A lot of time off to spend with family.

Okay.

Or just like for a breather?

Is that when they ask you for money?

It's all year round.

Listen, I fixed your csp, so shall we take a look now?

Yes.

All right. $65,000. And you're making again? I netted out at 47,000, plus or minus. Okay, maybe you make less, maybe more. It depends on taxes and retirement. Your Debt payment is 500 bucks a month. What's that?

You can actually take that off because that was gonna go towards my student loans. I haven't started paying on my student loans yet.

No, I'm not gonna take that off. What the hell?

Okay, but that's.

Why would I take that off?

Yeah, 500 will be towards my student loans.

Hold on. Okay, now we gotta get into this.

So I said hermit.

Why did you just tell me to take it off? Because you're not paying yet. Why?

I haven't started paying yet.

When are you going to start?

This month.

So why are you telling me to take it off?

I don't know.

Why? No, tell me. Like, there's obviously a reason and I think this has a little bit to do with the way you think about money. So tell me why.

I guess because I. I haven't been paying on it, so I don't know if it's going to be accurate or not.

I always want you to make the most conservative assumption, which means, hey, I haven't started paying my student loans, but I'm going to start paying them this month or two months or six months from now. You know what? I'm just going to put that $500 a month payment in there. It's like putting a weight vest on. It's going to make it a little harder for you, but it's going to give you a much more accurate picture. Did you catch that? When people fill out the conscious spending plan for the first time, the most common mistake that they make is being obsessed with precision. They want to get every single number completely accurate down to the decimal place. And inevitably they get frustrated because they can't find some login or it's too daunting to think about tracking the last 18 months of expenses and then they give up. Do not do this. Just get 85% of the way there. Follow the instructions from iwt.com CSP and the instructions in my book. But what's equally important to getting your 85% numbers down is your philosophy towards your numbers on the csp. Let me explain what I mean. This is important. The correct philosophy is to be conservative with the numbers that you're putting on, which means you want to have a healthy buffer for things you forgot about. Let me give you an example. If I have a car payment of $500, I'm literally doubling that number when I put it in the CSP because that's going to account for gas, which sure, I could probably track. But also the unexpected car repair 16 months from now, insurance that I forgot about, which I pay, quarterly registration, which I pay annually. And even the parking ticket, that I don't know yet, but I'm probably going to get four months from now when I plan out a vacation. As another example, I'm taking the hotel price. I'm adding 50% per night, which accounts for taxes, tips, and any meals or massages. Do you see what I'm saying? My philosophy with putting the numbers down is almost as important as the first draft of the numbers themselves. You've got to be conservative when you're putting these numbers down because there are tons of phantom costs that you're not thinking about. But. But they are nonetheless real. Okay, back to the discussion. So you're currently paying 63% of fixed costs. It's a little higher than my recommended 60%, but whatever, it's fine. Your investments are at 1%. What's up with that?

Yeah, so acorns. Chris got me onto acorns.

Okay.

And I put, I think $20 a month.

Uh huh. All right. And your Savings is at 0. Why? Thought you love to save.

Yeah, so I don't have like a specific amount of money that I save per month. I just happen to have like, you know, money.

And then you throw it into your savings account.

Yeah.

Okay. So the good news is you've accumulated $22,000 in savings, which is pretty impressive.

Thank you.

Feel good about that number?

I feel good. Yeah. I feel like I definitely need to up my investments and up my savings.

But you have the right bones to work with. Right. You're not overspending on a car or housing. You have some margin to play with. And, you know, we can take some from here and put it over there. And I definitely agree. We can make it work. No doubt. So overall, pretty happy. Christopher, shall we take a look at your numbers?

Yes, sir.

Your assets are $240,000. That must be your condo.

Yes, sir.

Investments are $20,000. Savings are zero. Debt is $221,000. All right, so your fixed costs are at 58% overall already. Great. In the 50 to 60% range. You have a rent. I mean, your mortgage is 900. Hold on. How come your mortgage is 900, Kris? And she's paying 1100.

So she gives me more. So I have my mortgage and my HOA accumulates to like 1900.

Okay.

So she gives me more for like, utilities or anything of that nature.

Debt payments, 560. That's what we were talking about. Your credit card debt payment, correct?

Yes, actually, it should be more than that. So 500 is what I pay for my student Loans.

Uh huh.

And then 600 is what I paid for my credit card.

Uh, 500 plus 600. 1100.

Yeah.

Okay. Now your fixed cost just jumped up to 71%. That's a lot. Now we got a problem. Subscriptions are $10. I love that. Between the two of you, Your subscriptions are $30. Is that true?

Yes. So when I started working, actually like two months ago, I decided to get rid of all my subscriptions. Netflix, Hulu, all that fun stuff.

Wow.

To focus more on other things. Yeah.

Wait. Good job. But focus more on what?

Just trying to pay off debt.

Honestly, that's amazing. I'm gonna take a win on that. Good job. All right, so you made some tough decisions. Even subscriptions, relatively easy, but that's a. It's an affirmative decision. I love it. All right. Your fixed cost rate is 71%. Fact is, you're over. So that's gonna make the rest of this pretty interesting. So you've got some money going into retirement, stocks, all that stuff. All right, fine. Your savings are at zero and your guilt free spending is at 22%. Is that true? Guilt free? No, it's not true.

At the time she was working, she was making a lot more than me. So to see how much guilt free money I had compared to her, it was shocking, for sure.

Where's it going?

Honestly, I'm not sure.

All right, again, I just want to reiterate. You are an accountant. I love this. I love it. You know that. You know that old story, the cobbler's shoes, the cobbler's kids or whatever? Have you heard this story?

I don't think so. The.

The cobbler who does shoes, his kids. Ah, I'm gonna. This cobbler makes shoes for everybody else, but his own kids don't even have shoes. The cobbler's kids don't have shoes. Because at work, I'm sure your accounting clients are well dialed in, but at home, your own finances are like, I don't know where this extra 700 bucks is going. Totally normal. Totally normal. Let's fix it. What do you say?

Yes, sir.

Please don't write me to tell me the story about the cobbler's kids. Okay. I also want to acknowledge that there's something to the fact here that it's his condo and she's paying rent. But as I heard that, I intentionally chose to skip over that because it wasn't core to our discussion today. Perhaps on another episode, I can cover more about how to think about splitting housing. If one partner owned the property before you got married and the other does not own it.

So, Chris, you said within the next 18 to 24 months you want to get rid of the your credit card debt, right?

Yes.

Can you give me, like, any specifics on how you are going to go about doing that?

So recently I just picked up a second job, so I feel like I could allocate a few more of the funds to that and then I could see if I could find a new job as well to make my income a little bit higher.

Okay.

Are you satisfied with that answer?

Not really.

All right, so ask another question.

Like, how much money are you willing to put into credit card debt each month?

Right now I'm putting in $600. I could put in probably another 200, depending on the new job I get. Or again, I could look through my finances to see how much more extra money I could put in every month and then kind of give you that concrete answer, but I could do more.

Ask the question again. Same question. Ashley.

How much money are you willing to put in each month towards your credit card debt?

I'm not sure. I would say. Yeah, right now I'm doing 600.

Okay, let me ask you this. You're getting a second job, right?

I currently have a second job. Right now. I just picked it up.

So to be able to put an extra 200 bucks a month, that should be, like, easy. Why not confidently tell her I'm putting at least 200 towards credit card debt? Isn't that easy to commit to?

Yeah.

So do you see that by not giving her at least a straightforward answer, you cause more uncertainty, which causes her to become even more aggressive about, like, what's happening with this? What's happening? I need certainty.

Yeah.

You see the cycle.

Yeah.

Christopher, when you, you feel like I need to give an exact answer, but actually another approach might be to say, well, look, to say something like, you know, Ashley, I think you're right. I think that I could do more with my credit card debt. And I know it's important to you, and it's also important to me. Right now I'm currently paying $600 a month. Starting this month, I'm going to increase that number to 800. That's a given. I'm going to do that right away. And I know I can keep that going because of my second job. Now I'm going to look into potentially doing more. I don't want to commit to that yet, but I know. Right. Starting as of right now, I'm going to put an extra $200 a month towards my credit card debt because it's important for me to pay this off faster. What's the difference?

I'm more confident, more certain in what I'm saying, and I'm flexible. So let's just say I can't meet that. I could, you know, me, her in the middle.

No, no, no, no, no. Hold on. Let's start. You are more confident that. The way that I gave that example is much more confident. Yes, but notice you're not. You're assuming failure. If I can't hit that number. No, you're gonna hit 200amonth. That's easy. 200amonth is the floor. Easy. Don't. Don't assume. Oh, if I can't hit 200, I'll meet her in the middle at a hundred. No, 200 is the minimum. If you're working a thousand dollars a month on the side, then paying 200 bucks is nothing. Even post tax is nothing. So, yes, I can put 200 more because it's important to you and to me and to us. And I'm going to look into seeing if I could potentially do more. This is the way you start to think about money and talk about money differently and watch. Ashley, how would it feel if Christopher said that to you?

That would make me very happy. I would feel, like, a bit of relief.

Why?

Just him giving me, like, specific numbers. I really don't know how much, like, he puts into credit cards, his credit card debt. I just know the amount. It still kind of stays around the same.

Do you think that it would be weird for you to asks for specifics on what he's doing with his finances?

No, he's pretty open about.

Goes back to, like, the trusting thing for me.

She doesn't trust you?

Yeah. So it's like, again, I give full access to everything. So she looks at my credit card history, she looks at everything. And it's just like, I do make these payments, but sometimes the interest hits. So it doesn't look like nothing's done. No, nothing's done. Excuse me. But the payments are getting done, and I let her know that. But again, I guess I gotta be more confident, more concise about, like, okay, I'm gonna hit these goals. And rather than like, meet me halfway.

The only way to get confident is to actually deliver on what you say you're gonna do.

Like, free. Before, before we got together, I was doing whatever I wanted with my money. I had nobody to look over my shoulder. I had nobody to question my decisions.

So how much credit card debt were.

You in at that time, about 24,000, 22,000 in that range.

Okay, go on.

Now that we're together, I have to, you know, I have to answer questions that probably not, like, I didn't have to second guess, or now I have somebody to like, hey, look over my shoulder.

Or, like, feel like you have less freedom.

Yeah, for sure.

You've internalized this idea that Ashley is the person who's making you pay off your debt. And as long as you believe that you will always resist actually paying off your debt, she can't be the one who took away your freedom. Otherwise the rest of your life is going to suck. What are you thinking right now?

That's deep. I didn't even think about it like that. Honestly. Yeah, I never thought about it like that.

And, yeah, and actually, I think we all know a lot of people in America, they make those ball and chain jokes. It drives me insane being like, look, when I was single, I could have done whatever I want. And now I gotta report to the old ball and chain, and she's checking over my shoulder. You know that. So let me suggest a reframe, which is, look, when I was single, I could do whatever I want. Now the good news is I had a lot of fun. I invested my money, I spent it on things I love, but problem was, actually got into $22,000 of credit card debt. Notice you have not once described it as a problem. I got into $22,000 of credit card debt. And now that I'm with my partner, I realize, man, there's so much more I could be doing than just charging things up mindlessly on my credit card. Yeah, we've been working together. I'm paying off my debt more aggressively than ever. And I can't wait for us to have big savings, plan this beautiful wedding, invest more, all of it. What's the difference?

I'm acknowledging the problem, and I want a better life for myself. I don't want to think about Ashley like that because that's not how I see her at all. Again, I didn't even realize. But again, like, just resisting that. I could see how my parents resisted each other even having money talks, and how huge of an impact that had on their life. If I don't take those necessary steps to kind of fix that or change that perspective, I could be like them.

You will be like them. I love that you acknowledge that, Christopher. That's amazing. Damn, that's like. Like, all jokes aside, that's powerful, man. So, like, alone Christopher, you. You'll live a fine life. Okay, you'll live. You'll probably be in credit card debt for the next 25 years. I, I, I'm not saying that judgmentally. I'm just saying statistically speaking, you've been in credit card debt for a long time. You don't really have a problem with it, and so you'll probably be in their credit card debt for the rest of your life. Now you have the chance. You actually have the gift of Ashley coming along and saying, like, wow, Ashley has a totally different perspective on money. Not sure I agree with all of it, and I probably know certain more technicalities about accounting than she does, but, like, maybe I can actually redo the way that I look at money. And maybe we can actually take my perspective that I grew up with and her perspective. We can honor it, we can acknowledge it, but we can realize that we need to create something just made for the two of us. What do you think about that?

That sounds really good. That sounds really, really good.

That was beautiful. I love it.

Sometimes you need a different perspective.

Wow, I like that. What do you think about that, Ashley?

Yeah, I mean, I've been trying to get him to have that kind of perspective, but I guess my approach is not, like, effective. So it's good that, you know, he's seeing it now because like I said, I think me and Chris, we make a great team, you know, just making sure we're in it together and have the right, you know, goes in line.

Chris, what about you in terms of your credit cards? I know you're paying a huge amount towards it. I think they're currently slotted to be paid off in like 14 to 17 months. What about using your credit cards?

I need to cut them up. I need to, Yeah, I need to get rid of them, honestly.

You want to do it right now?

Cut them up?

Yeah, go get them.

So I got my wallet. I don't know if I got scissors, though.

Ashley, what are you feeling right now?

I don't think you're going to do it. I don't know.

First of all, what kind of card is that? Don't even know.

I know you're going to be mad at me. I know, I'm sorry, which one?

I'm sorry.

I got two Wells Fargo.

The bank that intentionally targets minorities.

Yeah, I knew I was gonna get it. I got them when I was younger, 21, but yeah, both my cars.

This actually gives you and me more incentive for you to pay that off fast. So you're not paying them more in interest.

Exactly.

Now become personal for me.

I got you. She's coming upstairs right now.

All right, all right, good. I can't wait to see what tool she gives you.

She has scissors.

All right, all right, hold on, hold on, hold on. First of all. Yeah, let it get back down. What wish are you going to make as you cut these cards up? It's like blowing out a birthday candle, but even more impactful. Maybe tell her something about your credit card spend before we do. Hold on.

You said my credit card?

Yeah. All right. Welcome back. Thanks for getting him those scissors, Ashley. Okay, so before we observed something amazing here. Christopher cutting up his credit cards that have been with him for how long, Christopher?

Since I was 21. So the last eight years.

Let's not forget that credit cards are also what sustain your mom during very tough times. Right. This isn't just a joke. All jokes aside. This is serious. Right? It's like a. In many ways, it's cutting up a part of your identity.

My family identity.

Yeah. And you can still honor your past. You can still honor where you came from, but you can say, this isn't a part of me anymore. Instead, I'm crafting a new path with a new vision, together with my fiance. All right, Tell Ashley whatever you want to tell her. Tell us whatever you want to tell us about these credit cards, what they meant to you, why you're cutting them up, and then do what you're going to do.

I would say yeah. For so long, I used them as a crutch in my life, and unfortunately, that crutch became something bigger.

It's.

It's hurting my relationship, and it's hurting my future. So actually, like, I promised, I'm not going to use this anymore. Like, I'm going to be better. So I'm gonna cut them up in front of you, in front of Ruby. And just, like, as a sign, like, even though we're here, I'm now taking a step to be better. So I'm gonna go look at them right now.

Look at that. Yes. Amazing. Oh, my God. The second one done. What do you say, Ashley? What do you think?

That was a lot, like, I, like. I know, like, how much those credit cards means to him, so I'm very proud. Like, I wasn't really expecting him to do it, but he did it. And so, yeah, you just showed me that you're really committed, and I'm feeling more confident, too.

Thank you.

Well done. This is like an upward spiral. You feel more connected, you save more money, you can do more things. That's what I want for you we continue digging and we went through Christopher's guilt free spending, found other areas that he can cut and pay off his debt even more aggressively. If you are in credit card debt, this is a red alert. You want to cut as aggressively as possible on your expenses, especially your discretionary expenses, and pay that debt off aggressively. In Christopher's case, we took his debt payoff date from 31 months away to 17 months away. We basically cut it in half and that is incredible. Not only to pay off the debt faster, but to build that trust between Ashley and Christopher. Let's hear what Christopher had to say in his follow up.

One of the main things that I learned was more about myself. I guess I've always had a fear of kind of talking about finances, especially kind of seeing how those arguments or conversations could end up in that kind of household I was in. So just being more comfortable and more confident in myself and kind of being specific. So my partner also understands and she's okay with with it. A thing that did surprise me though was I never really understood the urgency from Ashley. I didn't know that my credit card debt was a huge detriment to our relationship. I always felt like me being transparent more would kind of relieve that, you know, that mistrust or discretion. But we sat down yesterday and kind of had a conversation, so. So I did express that I do want to spend more on my credit card debt and I'm really motivated to see if I could get this credit card debt finished within this year. So that's one of my big hopes. So I'm going to probably pick up another job or just allocate some of my other funds. But just wanted to say a huge thank you for taking the time to talk to us.

And now Ashley's follow up.

First off, thank you so much, Remy for choosing Chris and I to do some, well needed financial coaching. This was definitely out of our comfort zone, but I was desperate. I knew that if we both didn't change our perspectives about money and how we communicate about money, our relationship down the road would look a little rocky. I was really surprised when I realized that we didn't have the same goals. Initially I thought that we had the same goals, but we just didn't know how to get there together. That was a real shocker for me. But I'm confident that we will learn how to communicate and talk about our finance finances in a way that we are on the same page about our goals and what we both want. So yeah, we decided to for me to put more money into my investments, which will be 400 per month and also to put 400 per month into my savings savings account. And Chris has decided to put $100 into his savings account per month and an additional 300 into his credit card payments. So yeah, I'm really excited to see what the future holds.

Well, I'm very thankful to Ashley and Christopher for reaching out for help. On the surface, it looked like Christopher was just using his credit cards irresponsibly and that Ashley didn't trust him. But when I dug in, I was able to learn some so much more about their fascinating story, how Ashley was raised, how she constantly gives to her siblings, how Christopher is an accountant but very loose with his own finances, and how he was unconsciously resisting giving Ashley any specifics. I'm very confident in the two of them creating a shared vision of a rich life together. Christopher and Ashley, thank you very much for coming on the podcast and please keep me updated by foreign. 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 the I will teach you to be rich system into your personal finances.