Ramit Sethi
ramitsethi.bsky.social
Ramit Sethi
@ramitsethi.bsky.social
Host of @netflix "How to Get Rich" & the Money For Couples podcast. Preorder my new book, Money for Couples 👉🏾 http://iwt.com/moneyforcouples
Good Q. Depends on income and expenses, but the big thing to consider:

If maxing out your 401K achieves your investing goals (e.g., will you have enough for retirement?), then it can make sense to back off investing. In FIRE terms, this is "CoastFIRE"
December 29, 2024 at 8:23 PM
More from my simple financial system

- No private equity, no leverage. No need!
- Spend a lot of time building the skill of spending meaningfully and making money FUN
- Do this together with my wife
December 28, 2024 at 4:00 PM
5. Know each other's Money Type: Avoider, Worrier, Optimizer, or Dreamer. Then act accordingly (see my new book, Money For Couples)
December 27, 2024 at 10:56 PM
3. Have a monthly money meeting where you always start with a compliment. This helps you both stay on track

4. There is no "money person" in a relationship. You're both teammates and each of you should "own a number," meaning you're each in charge of at least one critical part of your finances
December 27, 2024 at 10:56 PM
It can be done! Have a conversation where you recalibrate your relationship with money
- NO numbers
- No talking about debt or budgets
- Talk about how you feel, how you want to feel, and ask your partner how they feel

I cover this in my book, including what to do next
December 22, 2024 at 8:09 PM
Sure, one partner might be more skilled/interested in a certain topic. That's OK! I'm more experienced with investing but my wife and I discuss our investment rate, returns, & we discuss what it means for us together

You can build a Rich Life vision together

That's why I wrote my new book
December 22, 2024 at 5:01 PM
It would have been easy for me to be the "money guy" in my relationship, but I wanted us to BOTH do it together

1. If I get hit by a bus, the last thing I want is some Wells Fargo 1.25% shithead calling my grieving wife
2. It's good to have a 2nd set of eyes on major decisions
3. It's more FUN
December 22, 2024 at 5:01 PM
In couples, one partner might take on the role of emptying the dishwasher. Another might take out the trash

Money isn't like that

Money cuts across everything so deeply -- housing, retirement, vacations, parenting -- that both partners have to be involved
December 22, 2024 at 5:01 PM