Money + Relationships: Building and Living Your Rich Life Together with Ramit Sethi

All the Hacks with Chris Hutchins

Chris Hutchins

Business, Education, Investing, Society & Culture, Places & Travel, Self-improvement

4.7 • 1.4K Ratings

🗓️ 19 April 2023

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

#112: Bestselling author Ramit Sethi joins Chris to discuss money and relationships. They talk about building a shared vision for a rich life, the importance of normalizing conversations about money, practical tips for managing finances together. Ramit and Chris also offer advice about how to move beyond surface-level conversations to ask more meaningful questions, highlight the importance of identifying red and green flags in your relationship, and share best practices to help you achieve financial success. Ramit Sethi (@ramit) is a bestselling author of "I Will Teach You to Be Rich, which has sold over a million copies worldwide. He's also the host of the I Will Teach You to Be Rich Podcast and most recently the star of the new Netflix show How to Get Rich. Full show notes: https://allthehacks.com/money-relationships-ramit-sethi Partner Deals NordVPN: Huge discount + 4 months free on the top-ranked VPN Inside Tracker: 20% off personalized wellness & nutrition plans backed by science Fabric: Affordable term life insurance for you and your family Athletic Greens: Free 1 year supply of Vitamin D and 5 free travel packs Notion: Try Notion AI free to automate tedious tasks and streamline your work Selected Links From The Episode Ramit Sethi: Website | Twitter | Instagram Book: I Will Teach You To Be Rich: No Guilt. No Excuses. Just a 6-Week Program That Works Netflix: How to Get Rich with Ramit Sethi Behind-the-Scenes Pop-Up Newsletter Recommended I Will Teach You To Be Rich Podcast Episodes: Ep 20: My wife is going to divorce me unless I can stop being so cheap Ep: 80: If I add any more to our $50,000 credit card debt, he will ask for a divorce All the Hacks Podcast Episodes: Ep 9: How to Live Your Rich Life Ep 107: Italy Unlocked: Insider Tips, Must-See Destinations and Booking Flights/Hotels on Points Ep 43: Why 50/50 Doesn't Work: A New Model for Happier Relationships | The 80/80 Marriage Book and Website Full Show Notes (00:00) Introduction to Ramit Sethi (02:15) Biggest misconception people have regarding money (03:20) How to apply Ramit’s financial approach (04:46) How Ramit’s conversations have evolved over time (06:11) Financial protocols to follow for a healthy relationship (08:13) Rewriting the money narrative in your life (10:40) Optimization: Elevating yourself to the level you’re at (12:37) Examining your rich life (14:01) Money Dials: Creating a vision for what excites you about money (20:38) Aligning money dials with your partner (22:31) Should couples have individual finances? (24:05) Best practice for setting up shared accounts (25:51) 80/80 Marriage (27:22) Managing the household finances (32:49) 10-Year bucket list exercise (34:58) Cutting costs and prioritizing where your money flows (36:150) Ramit’s C.E.O. method (37:26) Budgeting: Key numbers to track (40:40) Normalizing conversations about money: Monthly Rich Life Review (42:18) Understanding your feelings about money (47:26) Rules for the important things in your life (52:08) Recommended I Will Teach You To Be Rich Podcast episodes (53:34) Final parting advice and where to find Ramit online Connect with All the Hacks All the Hacks: Newsletter | Website | Facebook | Email Chris Hutchins: Twitter | Instagram | Website | LinkedIn

Transcript

Click on a timestamp to play from that location

0:00.0	Hello, and welcome to another episode of All the Hacks.
0:06.2	Show about upgrading your life, money, and travel.
0:08.7	I'm Chris Hutchins, and I'm so excited you're here today for another return guest appearance
0:12.4	from none other than my good friend, Ramit Saiti.
0:14.7	He's the author of I Will Teach You To Be Rich, a best seller that sold over a million
0:19.0	copies worldwide.
0:20.0	I'm a little partial to the second edition which happens to feature me and my thoughts
0:23.8	on credit cards on page 37.
0:26.2	He's also the host of the I Will Teach You To Be Rich podcast, where he goes behind the
0:29.6	scenes with couples who share all the intimate details of their finances to get his advice,
0:34.6	and his Netflix show How To Get Rich Just Dropped Yesterday, which I am excited to binge
0:39.6	this week.
0:40.6	Now, if you're not familiar with Ramit's work, you may think all those titles feel a bit
0:44.4	used car salesy, but that assumption is definitely not true.
0:48.4	In all of his work, Ramit focuses on helping others define a unique version of their own
0:52.9	rich life and make the best financial decisions they can to start living it.
0:57.8	Back in episode nine, we talked a ton about how to start living your own rich life, so
1:01.9	definitely go check that out if you haven't.
1:04.3	But since then, he's worked with over a hundred couples to talk about money, so I wanted
1:08.4	to dive deeper on that topic.
1:10.4	That means best practices for managing money with your partner, building a shared rich
1:14.4	life vision, moving from asking each other $3 questions to $30,000 questions, the red
	...

Transcript will be available on the free plan in -706 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Chris Hutchins, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Chris Hutchins and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.