Ramit Sethi discusses why both partners need financial knowledge, using a scenario where a BMW accident leaves one spouse unprepared to manage money alone. He shares how he pushed his own wife to take a money-psychology class, even though he felt uncomfortable about what she might learn.
Who else was she learning about money psychology from besides her husband?
If I didn't have to learn more about our finances, I wouldn't. But I want to because it's important to Joe.
But also it's important for you because if Joe gets hit by another BMW, and we know BMW drivers are a fucking horrible bunch of assholes, you are left with a somewhat complex financial situation that a middle-class upbringing is not prepared for you to succeed in.
Yeah.
I once told my wife when we were talking about money early, I said very similar thing. I said, look, you have to get better at this. And she took that. That doesn't feel good to hear. She learned, she attended some money psychology class. I still haven't asked her because I'm afraid I'm gonna get too mad if I find out what—
who else was she learning about money psychology from besides her husband? But okay, she did it.
It wasn't just because I needed a partner in the same way that you, Joe. It's that I know that one day something might happen, and I need her to be equipped.
Yeah.
