@Netflix’s How To Get Rich | Money For Couples Podcast | NYT Bestselling Author
Los Angeles / NYC
Joined April 2008
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What's your Rich Life? Here are a few examples of mine:
Live in a walkable neighborhood with no car
Eat mostly the same thing, mostly at home, every day. When I eat out, price doesn't matter
Took my nephews on a college tour at Stanford
Rent instead of owning
Iron my own clothes
Fruit & almond butter from the farmer's market
Simple dates with my wife: coffee walk, Central Park, out w/friends. But also, a 3-month sabbatical to Barcelona, Paris, Marrakech, and Tokyo together with private tours and beautiful hotels
Weekly haircut
Unlimited spending on health
One thing you can’t stop thinking about. One thing you avoid thinking about. We’re covering both this week, live and free. (see more info below)
Understanding your anxiety isn’t the same as stopping it. Sometimes the next step isn’t more analysis.
→ try a 90-second drawing exercise live (no artistic skill required)
→ learn why drawing works differently from going for a walk
→ leave with one thing to try the next time your brain won’t let something go
🔗 Register for Wednesday: iwt.com/lorwennagle
Yes, you can get out of debt and keep spending on the things you love.
Start tonight: write down every debt you have, with the balance and interest rate.
Then on Thursday, I’ll help you:
→ decide which debt to attack first
→ build a plan that pays it down automatically
→ identify the invisible scripts keeping you in debt
🔗 Register for Thursday: iwt.com/debtfreelive
The #1 financial red flag in a partner
It's NOT...
- Credit card debt
- Student loans
- A whole life insurance policy
Can you guess what it is?
The phrase "we can't afford it" should be banned in households if you want to create a healthy money culture
Shouldn't surprise you. I'm educated, I want to pay higher taxes to help the poor & middle class, and I support universal healthcare, guaranteed voter rights, eliminating single-family zoning, ending the filibuster, ending ICE and prosecuting its leadership and officers for their illegal actions, no parking minimums, higher minimum wage, gun control, reducing the military budget, massively increasing immigration, ending qualified immunity, a national program to fight white extremism, justice for 1/6, allowing student loans to be discharged in bankruptcy, massively increased housing of all forms, even more expanded funding for IRS, universal childcare, expanded SCOTUS, ending private prisons, and removing housing subsidies including mortgage interest deductions
"We’re worth $1.5M but I refuse to buy new pants"
youtu.be/SHbQQXPoSws?si=2UjA…
A couple that worries about money discovers they'll have $18 million at retirement
What's your Rich Life?
You should be able to answer with incredibly specific answers
Bad answers:
- "Financial freedom" is just words
- "So I can do what I want, when I want" is vague
In my early 20s, my Rich Life was taking a taxi in the August NYC heat so I didn't have to sweat before a meeting
Then it was affording appetizers because, as a kid, we couldn't). Get so specific that your Rich Life becomes unmistakably yours
If one $400 “treat yourself” weekend keeps wrecking your debt plan, the plan is the problem.
Start tonight: list every debt with its balance and interest rate. Which one you pay first matters less than starting.
Thursday, Oct 22 at 8pm ET, I’ll show you the rest live. (link below)
It’s free (8pm ET / 5pm PT): iwt.com/debtfreelive
Ramit Sethi retweeted
I watched this episode last night. Ramit had them put the dogs on camera. He told the dogs they have to be on a strict(financially) diet and they can’t get toys anymore Lmfaoooo
Here’s the scenario:
- Married couple, 39 & 43, no kids
- Income: $138,600 (he thought their income was ~$200,000)
- Debt: $428,263 (about $350K is student loans)
- Savings: $0
- Fixed costs: 154% of take-home pay
- Groceries and eating out for two: $3,363/month
- Two dogs: $1,029/month
What would you do?
This is a real couple, whose story you can find below
