![]() I would say about 20% of couples take me up on that. We do tell them if they would like to change their names, we're happy to do that. And we also want to be super clear that these conversations may be shared. We want to make sure that the issue has stakes that are high enough. And then, we go through a pretty extensive vetting process. And so, we will ask them, "Do you have something that has been an issue for you?" I can help, or I may be able to help. So, the way that we built our recruitment process, thanks to the I Will Teach You to Be Rich community, there's a lot of people who read my material. I want to share how much they earn, how much they spend, and I want to hear them really discussing the way they discuss it behind their own closed doors. So, we knew going into this podcast process, we didn't just want to have generic conversations I want to know their numbers. There's one study I cited in my book that says people would be more likely to talk about their sex lives than their credit card debt. The hardest part was getting people to actually share real numbers. And the only way to really show that is to have conversations from behind closed doors with these couples.īenz: What's the outreach process for the podcast? How do people find you? Or how do you find them? ![]() So, I wanted to show people that in money, culture matters-culture matters, gender matters, amount of money you have and sophistication with finance matters. But anyone who has grown up in one of those cultures, and I have, understands that there are certain expectations. They'll just call him up and say, "We need you to send $5,000 over." And if you're approaching it from a Western perspective, you might think this is crazy. One of them is a Pakistani couple-the son is expected to pay for his parents, pay for everything. ![]() But then, you have some really interesting topics that we've gotten into. You have the typical things that you would expect one person who earns far more than the other, or one person who spends more than the other. Ptak: Have the types of financial issues that couples are confronting change during the pandemic period? Or are they pretty evergreen? And so, that was the genesis of the whole idea. And I wished back then that there was some way I could hear how other couples were having conversations about money. I know about personal finance, and it was really hard. And I thought, oh, this should be pretty straightforward. We were having conversations about a prenup. Sethi: On a personal level, when my wife and I started talking about money, when we were engaged, it was really challenging. What was the impetus for your podcast about how couples approach money? You've written extensively on personal finance and helping individuals improve their relationships with money. Ramit is the founder of, and he is also the host of a new podcast called I Will Teach You to Be Rich, which features in-depth conversations with couples about money.īenz: Well, thanks for coming back. A second edition of the book came out in 2019. His first book I Will Teach You to Be Rich, published in 2009, was a best-seller. Jeff Ptak: And I'm Jeff Ptak, chief ratings officer for Morningstar Research Services.īenz: Our guest on the podcast this week is personal finance expert and author, Ramit Sethi. I'm Christine Benz, director of personal finance and retirement planning for Morningstar. 22, 2021.Ĭhristine Benz: Hi, and welcome to The Long View. ![]() " Money Dials: The Reason You Spend the Way You Do According to Ramit Sethi," by Ramit Sethi,, Oct. " Episode 16: We're Worth $8 Million but I Comparison Shop for Strawberries," I Will Teach You to Be Rich Podcast,, Nov.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |