I Will Teach You To Be Rich - 115. “We’ve fought about money for 29 years. Is it time for divorce?”

Episode Date: August 1, 2023

Kevin and Ebony are both 52. They have two kids, both young adults, and have turned their attention to retirement planning. But standing in the way are $135,000 of debt, a recurring issue, and 29 years of deeply ingrained negative communication patterns when it comes to money. This episode is brought to you by: DeleteMe | If you want to get your personal information removed from the web, go to https://www.joindeleteme.com/ramit for 20% off. Go to https://www.doordash.com and use promo code RAMIT to get 50% off (up to $10) when you spend $15 or more at convenience, grocery or retail stores on DoorDash. Fabric by Gerber Life | Protect your family today with Fabric by Gerber Life. Apply today in just 10 minutes at https://www.meetfabric.com/ramit. Long Angle | If you've made a lot of money and you're looking for a community of peers to turn to for advice, go to https://www.longangle.com to learn more. Links mentioned in this episode • Get my New York Times best-selling book • Get my no-numbers journal • Get Money Coaching with Ramit  • Join Dream Job Connect with Ramit • Get the Podcast Newsletter and exclusive Q&A about the show • Download the Conscious Spending Plan • Other episodes • Instagram • Twitter • YouTube • Submit a question for the newsletter iwt.com/askramit  If you and your partner have a money issue and you want my help, I occasionally select a couple to work with, free of charge. Apply for my help here. Produced by Crate Media.

Before we get to the episode today, let's put aside all the long-term stuff that you and I know we should be doing more of calling our mom and dad going to the gym. Flossing, okay, yes, we should do all those things, but I want to talk about quick wins. The things we can do quickly to be able to be more productive, to be less anxious, to be in better shape, and even to be more generous. I'm talking about getting results in seven days. That is exactly what I'm going to be talking about this Saturday on the podcast newsletter. These are the actual tactics that I use myself and saw massive results in seven days. Yes, we should be doing the two year or five year, ten year things. Sometimes you just want quick results.

You can get this issue of the newsletter at iwt.com slash podcast newsletter. That is the only place you can get it. The email goes out this Saturday, September 2nd, iwt.com slash podcast newsletter. I really was at the point where if he doesn't carry more, I don't carry more and I was just gonna throw my hands up and Walk away and either file bankruptcy or walk away and file divorce. I'm that Like done. It was not this complicated two months ago for me What did we stay in this conversation there? We need more money. Why are we doing this? Why are we? More, what were you just saying?

More money was not going to solve it. I don't know. I know. Well, he changed his direct deposit. I could pay once a month. So I was like paying all my stuff. He's already saying, and then, it's all paying.

Hey, Ebony. He can't even hear me right now. He's just crazy. Listen, if you guys want to have fight, I'm not the place to do it. It's the rationalization, rationalizing. I like being right. Would you like to write yourself right

into another 25 years of not connecting over money? Nope. No, no. And again, I've got to get off this crazy marry around if I start be killing from this, and he doesn't, it off this crazy marry around. If I start be healing from this and he does it, it's not going to work. I like to meet Kevin and Ebony. They're both 52 years old

and they've been married for 29 years. I just loved talking to them because they have layers upon layers of things that are going on in this conversation. Now in their relationship, she manages the money and she admits that she loves control. He says that he's willing to help, but his attitude is that it's all gonna work out,

even while she is terrified. Now as you listen to today's episode, you're gonna be frustrated at times. I can guarantee that, but you're also gonna experience breakthroughs as they experience can guarantee that. But you're also going to experience breakthroughs as they experience it. So stick with it. And be sure to stay tuned until the very end

when they update us on what happened after our conversation. And if you're watching on YouTube, you'll actually be able to see their video updates. Now let's get to Kevin and Ebony. You've been married for 29 years. Yes. Congratulations.

Thank you. What do you attribute being married for 29 years to you? That's quite an accomplishment. Actually, communication. Yes. Oh, that's good. I like, I appreciate that. Yeah.

Hi, Ronnick. Right? Ronnick, what are you laughing at? She can be hyperbolic, but at the same time, it's the truth. You know, okay. Do you think that the two of you communicate well with each other? Yes, we do. Okay. About everything except money.

Oh, okay. We do not communicate well about money. He avoids and I hyperfocus. Okay. Your husband hearing it. And when money comes up now, even the word money, if it comes up in your house, how do you think he reacts? He shuts down, he can check this.

Show me physically, like, how would you describe it if you had to describe it, like, and it'd be like, yeah, oh yeah. I can say, I can say, I can't stop, like, no. It's too hot, I don't wanna touch it. In fact, I'm going back to my part of the house. I'm going to watch football. I am the one who tends to take the lead and take charge and start the conversation. But once I bring it up, we have no problem having a conversation. But I always have to initiate

the conversation. Okay. And in your mind, you don't want that? No, I don't want that. That's where I'm kind of at. I am too old to keep doing this. And I'm like in my early 50s. And I just really am like, I want someone who is mature enough to be

to be as engaged in the things that matter in our life. And for me really I think what's making me feel the sense of urgency right now is I feel like retirement is looming. I really was at the point where if he doesn't carry more, I don't carry more and I was just going to throw my hands up and like walk away and either file bankruptcy or walk away and file the divorce. I'm that like done. Our youngest, our son is about to go to college and yeah, I'm not where nearly where I want to be financially. Kevin, do you agree that Ebony takes the lead in talking about all those topics? Yes, she does, but at the same time, for me, Ebony is a talker.

Ebony is one of those people who's a busy body. Ebony is really, really smart. I don't know if you have her profile, her bio. She's an attorney. She is, we like to joke, the smartest one in the room. So she has a lot of energy and her mind is always going when it should be relaxing and laid back. She's always wanting to just sometimes

you just have to let things go and she doesn't. Okay. All right. I think I understand. So let's talk about money. First of all, did the two of you talk about money? Not really, but just the typical pay the bills. What do we need?

Have a spreadsheet. I have a spreadsheet and a budget. Yes That I have created that I didn't show him That we brief with each other once a month about Oh, we don't do that. Okay Let's let's take it one at a time. Kevin, you tell me how do you talk about money and when do you talk about money? When she's going to get paid, we'll talk about that. Also, when I get paid to just make sure the money is dispersed properly or in the categories

or when we have different things coming up. Like I said, we have a son. He's a basketball player. He has camps, trainers, different things in that nature. Just the typical household budget and the extra things, like he had camps. So we had to figure out the hotels, everything else. So that, those type of conversations,

but just a basic money conversation, we don't have those. Okay. Ebony, you wanna add anything different to that? Yeah, no, I think he summed it up. We really don't talk about money in terms of like investment and like what's our retirement plan. And like sometimes I'll say something to him

that I think is like really obvious. Because I've read a lot of books about money, like how much you need before you can retire and what you're gonna live off of. And to the point, and it's just like basic stuff and he's just like has no interest in it. Does not have any information about it unless I share it with him.

Why do you think he has no interest in it? Because he does, with his free time, he will watch sports. So he does. Well, you told me what he does. My question is, why don't you think he has any interest in money? Because when I bring it up, he avoids the conversation. Why do you think that is? Honestly, I think there's like, I guess it's fear, like there's some kind of trauma there.

I don't know. That's why I'm on this show. Is I really wanna know? Wait a minute, hold on. Hold on. Hold on. Okay, you've been married 29 years. You two clearly communicate with each other.

You never got curious about why does your husband not wanna talk about money? Probably not until like the last three years or so. You were just busy for the last 26 years. Just. Yeah, no, because I really am very, I'll say very controlling. What? Yes.

And I have done like, I'll just, I'll just do it. Like, I don't have time to wait. And I don't know like what his deal is. So I just do it. She said, you say like, I'm gonna reveal a secret. I'm like, okay. Got you. Kevin, are you surprised by that?

Oh my goodness, that's news to me. Yeah. Okay. So let me make sure I have the dynamics right I just want to make sure I understand correct me if I'm not Accurate because I want to make sure I do I understand what's going on Ebony You're an attorney You're in charge of the finances in the house. You have a spreadsheet. Maybe multiple spreadsheets. Is it multiple?

You have a spreadsheet, maybe multiple spreadsheets. Is it multiple? Probably. So you manage the money and it's actually worked in the sense that you had that role in the family for 26 years. So far, is everything accurate? Yes. Yes. Okay.

Got it. And then in the last three or so years, as you've gotten closer to your 50s, your kids moving out, et cetera, you're reflecting, you're zooming back and saying, wait a second, I'm not where I thought I would be. And this situation we have, the way that we treat money in our family

is not working for me anymore. Is that right? Yes. She matters to me, I really love her. And I'm willing to do anything to have our relationship and truly she has a point. It's one of those things where someone's right. You're kind of like, wow, and I may not be expressive or quite feel the way she feels, but I see the numbers and everything else.

What is the point that she has? The point being, well, we have a lot of debt as far as I would say on the scale of of 100, we're probably 98, we're right, you know, with things are very tough month to month or as they say, if you had a true emergency or one of us any emergency where we couldn't work anything, it would be definitely difficult. A lot of early clues here. First off, the stakes are high. They brought up the word divorce in the first five minutes and let's remember that they've been married for 29 years. In all that time, they haven't explored basic questions about how they both act around money. I personally love this because it gives me a lot of low hanging fruit to work with. Another clue that their son is an athlete with expensive training and camps, et cetera.

And finally, the last clue I noticed is that Ebony proudly admits to wanting control in the relationship. And that relationship, by the way, has a lot of debt. This episode is sponsored by DoorDash, which I thought only delivers food, but then I plugged in my zip code and look at all this stuff. Coffee, grocery stores, convenience items, and all within an hour. So if you are looking for food delivery as well as convenience items and back to school items, use DoorDash get it delivered in one hour.

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stuff. And then so we agreed, we would do a consolidation loan and pay off the rest so that we would just knock it out and no more credit cards. But you saw the statements. There was credit card. So now we basically doubled it. And I'm like, what the heck, how did this happen? So I feel like I've lied to myself. He's lied to me and I guess I've lied to him too, but there's been a lot of dishonesty and I don't know I have been working on why this behavior continues to repeat, but I can't like it's probably very multifaceted. I really like to be able to look at my bank account and see money in there. And in fact, sometimes when I should take money out of the savings because I've saved up like, this is for this expense. I don't want to. I want to put it on a credit card because I feel like if I

did plead my savings, disasters just around the corner. Like I cannot be a 70 year old person in credit for our debt. I cannot do that. No, you can't. What would happen if you were 70 years old in credit card debt? Don't own a home. What would you do? That's there is homelessness and I just I just feel like it's right around the corner because you know there's just there it's there's so much uncertainty. If I lose my job, we are gonna be homeless. I would be eating cat food and living on the street. Like I am the, my worst nightmare is I'm gonna be homeless.

Like that is just something I've, from, hold on, hold on, hold on, let me, let me guess. Let me paint the picture. Tell me if you've thought about this very picture. It's raining. There's a van. You get out of, you're kicked out of the van unceremoniously, you have like one bag

and no food, you have cat food if that and you're left alone with only your bag of things. Does this sound familiar? Yes, it says I have a lot of bags. Where is this homelessness fear come from? I don't know. It is, it's, yeah, it's bizarre. Do you want to find out? Do you want to find out?

Yeah. Yeah. Well, let's just find out right now. Who in your family got so close to being homeless that it was talked about a lot, that people use them as a cautionary tale. I've given away hundreds of thousands of dollars to his relatives to help them. What?

We've helped almost everyone of his siblings and he has a lot of them with me. We grew up really tough and I have a total of, oh gosh, I have, anyway, our mom, wait, are you trying to count how many siblings you have in your kids in your count? That's amazing. I'm trying to be like 25. How many were talking about that?

It's not that bad. There's just a blended family. So there's like, he has has five there's five kids with mom and four kids with that. So what they come to you for money? No, no, they used to. Oh my god, they don't come that's your mind. They've lived with us. Yeah. Well, that doesn't okay, fine, but what's this hundreds of thousands of dollars you've given to them. No, over the time, one of my sisters had a daughter. We adopted her, my brother, lived with us, my sister lived with us, that daughter lived with us.

So over the time, you paid for childcare, you paid for school dance class and everything else. Okay, okay, okay, I don't mind family needs help. for a school dance class, you know, and everything else. Okay, okay, okay, I don't mind, you know, family needs help. I love it. That's very generous of both of you. I think that's really cool. Just, where the hundreds of thousands of dollars comment come from, Ebony?

Oh, it's at least $100,000. I've done the math. The numbers are easily $100,000. We raised this shop for 13 years. But then beyond just that child, there were, yeah, his other siblings, we've helped build them out of jail, pay for them to, like, housing.

But yeah, so you talk about the housing who I've known homeless. I've known people in his family or homeless But that wasn't in my childhood You know, there's an interesting note here about money and gender Virtually every woman I talk to about money if I ask them what are your fears about money? Their fear is almost always identical and it's the exact same scene that Ebony here outlined, being left alone in the rain with a couple of bags, et cetera. I even asked on social media

and over 80% of women said yes, they have this fear. I find this absolutely astonishing. Now we have to remember that in our parents' generation, as recently as that, many of our moms were not allowed to work or even to have a bank account from our mothers or grandmothers generation. Those fears persist. And even though incomes have changed and gender norms and expectations have changed,

those feelings are passed down through whispers and rolled eyes and aunties pulling us aside and giving us a quiet warning about having a secret account. Now, part of the point of this podcast is to shine a light on all the secret beliefs we have about money. And they come from all around us. They come from gender expectations, for men and women.

They come from cultural expectations, income expectations. Sometimes there are expectations for our partner or our desires for a certain luxury that we believe we're entitled to or even our fears for ourselves. I don't mind us having fears about money. We all have them. Me included. What I do mine is letting our fears shape our entire relationship with money. Think about it. If we're operating solely out of fear or ignorance or scarcity, we tend to make bad decisions for the long term. So the question to ask yourself listening to this episode is, what fears do I have about money?

Ebony, I would like to ask you a few questions. Tell me about what it was like growing up. So I grew up with my mom and my grandparents. So I lived in a multi-generational house. If you go by like what the financial aid, limousade, I qualified for pill grant. So yeah, I was poor. So.

How much do you think the household income was that your family was making? My mom, when she retired, probably made 30,000 a year with overtime. I was an only child. My mom's only child. My dad was not there. No, no support, nothing. But my granddad was there, which was great. We basically had three incomes until he passed when I was working But you know growing up money for me was you it's basically meant to be spent to cover your bills We didn't have extra like I never hurt anyone in my family talking about Investing retirement investment 401k stocks one that was like no, we we just, I mean, no, mutual, nothing, none of that. What did they talk about, Ebene? And when it came to money, I definitely heard

the money doesn't grow on trees. I was even told as a child that I was very stingy because I was a good saver. One year when I was a child. Look at Kevin's face right now. Look at that big smile, just popped up. Kevin's like, uh-huh. Wait. Kevin is very, very generous. I give him that. And that's one of the things I love about him. And one of the things I love when we were dating that he's very generous. Do you still love that he's generous? Do you still love that he's generous? Um, I do. I do. Okay.

Are you stingy? No. Okay. I mean, your family called you stingy at age five. I'm not saying it. It's your family. I was a good saver. All right.

So, Ebony, that's pretty interesting. Don't you think? Yeah. Yeah. And it's learned behavior. I grew up seeing this. And you asked me who was in dire straits. And while I was thinking, or like, who did I see? I grew up in dire poverty. So I saw people all the time down the street from me who did not have running water in their house. I grew up in Mississippi. Okay. And you say dire poverty. Is that how

you described it? Yeah. Dire poverty in Mississippi is no joke. Tell me about the people you saw around you. Um, some people would come to school and they, they're closer dirty because they couldn't bait. They didn't have running water. The lady down the street, they used to braid my hair. They didn't have indoor plumbing. Yeah. Okay, let me make sure I have the facts right. You grew up around people who were in dire poverty,

although you and your family were not. You were the smart one, you were very smart, went to college, I believe you went to law school too, is that correct? Yeah. Okay. Great. You accomplished a lot and you solve problems. You're the junior God or the savior. You fix things a lot. All of these things make you what, how would you characterize it? Very accomplished. What else would you say?

you characterize it? Very accomplished. What else would you say? I was thinking martyr complex. There's probably some of that too, but that's separate. Okay, so you're accomplished. You're the glue for a lot of people. Okay, great. Yeah, I'm the smartest one. That's the joke. I get it. I totally get it. Okay, so it's a running joke. You're the smartest one. And so if things were to not work out, financially speaking, worst case you go homeless, tell me what would happen to the smart one.

I would be found out to be an imposter. Like I didn't, you know, I really did not have it all together. And that identity that you have, what would happen to that identity? It like my who that's like my what I do and my worth is so wrapped up into my identity that it would be an identity crisis. Yeah, I think it would die. Yeah, yeah, the identity of you, the smart person, Ebony, the savior, it would die. And I will say sometimes I feel like I'm playing with this fire

that like if I got into this position maybe I really do want this facade to die so that I can just be and I can just be and I can for once be the not responsible one. Kevin are you hearing this? Yes. What was that last thing she just said? To be the not responsible one, yes. What do you take away from that? The not responsible one. I need to help more. She told me today we had a conversation we communicated that she was just like, man, takes them off my plate. So I appreciate that. And I, I especially appreciate hearing Ebony reasoned through her own identity. How our identity affects our money is under

explored in my opinion. I love that Ebony just let us understand a little bit of her life as the savior, the one in control, because it helps me see that she's been operating on a high wire for over 20 years. The way she tells the story to herself, if she's not in control, meaning if she doesn't create multiple spreadsheets and take on the work, and ensure that everything's happening in order, not only would things around her fall apart, but crucially, her identity would shatter. She even said, sometimes I just wish I could not be the responsible one. And you

hear this a lot with couples. One person will say, you know, at work, I make decisions all day long. Sometimes I wish I could just come home and not have to make more decisions. This is about identity. It has nothing to do with a spreadsheet or 401K, but your identity leaves fingerprints everywhere around your money. Let me ask Kevin about his background. I get a lot of questions from people who have used my book.

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M-E-E-T fabric.com slash R-A-M-I-T. Policies issued by Western Southern Life Assurance Company, not available in certain states, prices subject to underwriting and health questions. Kevin, what do you remember about money growing up? I was raised by my, my mother, a very dysfunctional family, a lot of different situations and everything

on. It's just a lot going on. It's one of those deals where you know your poor and everybody else knows your poor and it's just one of those, you just deal with it and get through it. So when you say poor, what are we talking about? Uh, you know, government assistance, that type of deal where it's like, all right, this is what we're eating. You don't have choices or options. Yeah. Those type things, my grandmother raised me, but she was a, what is it, domesticant where she was a maid.

She would clean up people homes and everything and just made ends meet. So it's one of those deals where you knew not to ask for much and whatever you were giving you just appreciated and moved on. I know it really not a big you didn't have conversations about money. Oh, I'm going. This is my check in account. This is nothing was broken down to you or anything. Okay. Did you ever eat out at restaurants? No, that was an extreme treat. I'm talking about even McDonald's. It was, I can remember as a kid, if you get a A, you get a free cheeseburger. I actually got to A this time. Yeah, let's go. So,

getting a piece of from the local piece of shop was a treat. Okay. All right. How'd you get to go to college? I was extremely talented at athlete. Really? What's for football? No kidding. All right. So, seems like you pass that on to your kids as well. And then what age were you when you met Ebony?

What we were at 22. 22, okay. How soon did you get married? Um, uh, two years after. Okay. Um, how about when you had kids talk about money before or right after that? Uh, yeah. We definitely talked about that.

That was one of the big things. We actually waited to, we were well into our, um, 30s to have children. We spaced them out and everything because of that. So, but yeah, in our 30s, I want to make sure we were stable. All right. When did it become clear, Kevin, that Ebony was going to take the lead in managing money in your relationship? Well, this we've always been together. I mean, like I said, she's one of the most organized people I know. And I don't know, I'm a big team player.

It's whatever you do good, you do it. And like I said, I do all the cookie. I mean, we have non-traditional roles, I'll wash, she'll wash. We do whatever's best for our family. So, and I mean, since I've known her, she has been good. She's very organized. We have about 20 calendars around here, we meet.

She manages her time well and everything. So that's just always been one of our things as she's always done that. Is she good at managing money? Yes. So what's the problem? Her attitude changed and she wants one moment she'll say, oh, I want you to do it or I don't know. We had it before we came on here and we were talking She wants me to do it, but on the flip side if it's not to quote unquote her standard or the way She likes it and it's one of those deals where if you want me to do it It'll be done, but it may not be done to your liking. It's almost like we all can we all can all three of us can cook a like it. It's almost like we all can, we all can all three of us can cook a hamburger. It'll be, it'll be cooked in a totally different way, but it'll be a burger at the end.

Okay. Okay. Is that, is that true? So, what do you want, Abiny? Do you want Kevin to manage the finances day to day? Yes, I do, but he's burned me so many times. I don't trust that it's not going to happen again. Okay. I'm going to ask you again this time, what you want to do, but there's only one rule when you answer me. You can't use the word but. Okay.

What do you want to do when it comes to the management of your money? I want Kevin to do it. I hate to even say this, but just interest, parents, I hadn't even thought about it. So. Thank you for your honesty. How's that possible if Ebene has been talking about money for a long time? Well, what do you mean, how is that possible?

Because I'm serious. She said, she even said to you before, I need help. I want you to talk about money, et cetera. How did it never come up that you might take over some of this? She didn't mention she wanted me to do that. Ah, Ebony, is that true? I would say that's true. And yes, in classic Kevin style,

and let's say I need you to do and fill in the blank. It means I'm not going to engage okay, so why not just say that if you know that. What mean why would I just say yeah yeah, because then he's gonna say I'm not you're not gonna be satisfied with the way that I do it so I'm not gonna do it okay so it's. So do you see the dynamic here? Let me roll plate out so the two of you can see it. All right. Here's, uh, Ebony, and here's Kevin. Okay. All right.

Ebony says, I'm so frustrated. We're gonna run out of money. We're gonna be homeless, I'm so frustrated. We're going to run out of money. We're going to be homeless. This is so crazy. Well, babe, you're so smart. You always make it work. Yeah, I know I make it work.

That's not how I want it to be. I'm so frustrated with the way things are. I wish you like, like, like, like, like. Well, you know, we're a team and I'm happy to help, but you're so great at this, et cetera. Fast forward 29 years. Same conversation happening. What you didn't hear, but what could have happened

would be Ebony saying, here's what I would like for you to do. I would like for you to take this spreadsheet on on the fourth of every month, go through it and pay off every single thing that's listed off. Can you do that? Never happened. But instead, in your heads, what did you do? You did it in your heads and I'm sure this has come out in other places in your relationship. Well, if I told him that, then he's going to say, well, you're not going to want me to do a right. So then we're just going to get in and fight again. And then, then, then, and so, you end up not doing anything. How does that sound familiar? That sounds right. Can I get a round

of applause for that performance? Damn. Remeads safety Damn. Remeads, say, T, theater, theater performer. So Kevin, you can see why Ebony would be extremely frustrated. In fact, what's the word? What are some words you would use to describe how she must feel? I would go simply angry. She's just, it's a hot, it's a hot button for her. And literally about once a month or every so often, she just gets mad and we get into our argument about money.

And does she have a right to get mad? Yes, she does. Kevin, what's going on in this dynamic? Yeah, just cycle, Yes, yes, she does. Kevin, what's going on in this dynamic? Yeah, just cycle, cycle, cycle, cycle, cycle. I do want Kevin to do it. I just am very afraid because I've seen him do it before and it has become a complete and utter mess. So I feel like if he would educate himself, I would be okay with him doing it. Okay. Uh, do you believe that if he educated himself that you would actually be okay with him doing it?

And communicate with me about it. So, Evan, you have this budget or budget that you're very proud of. What, what level are you tracking on your budgets? You tracking the price of turnips? No. What, what, what are you track in there? How many lines are in there? Oh, I think there's probably 30. Okay, 30. So like, what does it tell you at the end of the month? Basically, it's a zero-sum budget. So I am basically just trying

to say, we're not going in the red this month and I just itemize everything we're paying but I have put things like groceries, miscellaneous and gas kind of in a lump sum category. Okay. That we don't micromanage. Okay, so you've been doing this for 29 years, correct? Okay, and you manage the money in the house, correct? Correct. Mm-hmm. Okay. And you manage the money in the house, correct? Correct.

And your budget is zero sum, so you wanna make sure you're out of the red, right? Yep. Okay. How much debt do you currently have? I'm doing math in my head, so give me a second. Take your time. Because I have these things all in different categories.

So, second. Take a good time. Because I have these things all in different categories. So credit card debt is probably about 55,000, the or to 60,000. But cars are probably about 30. And student loans are about 30. Yeah, that's about right. You're missing about 15,000, but you're in the ballpark. Yeah. So here's my question for you. Are the budgets actually working?

No, the budgets aren't working, which is why we're here. So, hello, 29 years of doing this thing, which doesn't even, you got $135,000 a debt. Yeah, it gives me a false sense of control. I get it. I'm, yeah. I know. That's extremely perceptive. How did that just roll off your tongue?

Oh, I'm in therapy. I'm working on a website. Okay. I really love how honest Ebony is. What a gift she's bringing for her and Kevin to come on the show and be so transparent about something that's bothered them for decades. You know, most of us never get the chance to hear a real couple having a real conversation about money behind closed doors. And I think that's even more true for a couple that's been married for almost 30 years.

The longer you've been married, the less likely you are to talk about these type of problems publicly. Now, I want to point something out about Ebony's budget. This is something I frequently see with people who are the ones managing money in a relationship. Many people believe that managing money means tracking the expenses of everything, making sure the bills get paid on time. I'm gonna be really direct. That is not managing money.

A computer can do that better than you or I could ever do it. You can reach chapter five of my book, set up your automation, and really never have to think about this very much again. And frankly, what good is tracking a budget for 29 years if you're in $135,000 of debt? Did it actually work? Sometimes we need to take a candid assessment of what we're doing and what the outcomes are. If you're doing what you think is right, but you're not getting the outcomes you want, maybe what you're doing is actually not the right strategy. In my opinion, the real solution is to radically reconceptualize what managing money actually means. In my

opinion, it has nothing to do with paying bills on time. That should get done, but that's not what managing money is about. Managing money is designing your rich life, which you can use my journal to do. It means setting up your investments, which you can do with chapter three and seven of my book. That alone will be responsible for the majority of your wealth over your lifetime. And it means living your rich life, which if you need help with that, come into money coaching where I do Q&A and we all share how we're using money to live an amazing life.

I'll throw some links in the show notes. Just remember this, tracking your spending alone is not managing money. A robot can do that better than you or I ever could. So have you been discussing the need for control? Yeah. And it manifests in one particular way, I'm sure others, but through a budget. Right. All right, so can we go back to the thing about Kevin?

If Kevin educated himself, Kevin doesn't need to keep a budget that results in $135,000 a deck. Can we agree? Uh, we can agree. Thank you. Kevin, you've been holding your tongue for about 10 minutes. Looks like that tongue's about to fall out of your mouth. How does our conversation that Ebidiana

just had strike you? Well, that's typical Ebidiana. She can be all over the place. First of all, I mean, I have a business degree, so I know all about budgeting and everything else. But in our home, I know all about budgeting and everything else, but in our home, I do all the cooking. Sometimes we play different roles

that you may want to play. And she's really awesome at what she does. And it's just one of those things where we, over the years, everything is accumulated. We, like she said, we were out of debt before and different things have come up. And here we are again back at this point in our lives, but no, it's not as cutting dry as she makes it seem, you know, it's so many details. You know, there's layers here, beyond the income

and the expenses? Yes, okay. What are some of those layers Kevin? Well, first of all, we've lived in multiple cities multiple things so that affects different incomes that I can make that I can have Hold on meaning you you both travel for her career and therefore you kind of have to start over each time that happens, is that right? Yes, okay fine. So your income may not be where it would have been had you been in one place.

It exactly. What else, what are the other layers? The most expensive luxury item we have are our kids. Well, I don't know, I feel it's one of those situations where everything is going to improve. Just number one, simply with time. Number two, as our children, they're not going to be here. Our expenses will go down anywhere from 40 to 50 percent. And the next, the well, at least four years from now, we'll have a better control of everything and we could have everything paid down.

So that was my train of thought. Can you show me the numbers behind that or is that just a feeling? No, it's not a feeling. I could show you the numbers. All right, let's look at them. You want to do it right now? I have a pen and a pen but I have a I have a conscious spending plan. You could show me Should we do it? All right, so just so we know just so I make sure I understand your contention is

Hit your your youngest is going to college next year your expenses are gonna drop. Let's just say 50% and You're that therefore you're gonna pay off the debt etc. etc. And You're gonna live happily ever after basically. Yes, okay, okay real are you sure? All right? Let's play it out We got to look at the numbers here. Well, well, okay, real are you sure? Yes, all right. Let's play it out. We got to look at the numbers here. Well, well, yes, and nobody wait, what's this there? Why are you back it off? What's the no part? Don't can't be at yourself. Go ahead. What money is there? If you really look at it, the money is

there. If you manage it, we've tightened up some things and manage our lifestyles, the money's there. But can I can I just you, like, if that were the case, why don't you just do it without calling me? And before you get into $135,000 of debt. That's true. I have no response for that. Kevin, realistically, I am going to go through your numbers with you. Maybe you will cut your expenses 50% from having one kid out of the house. I know you spend a lot of money because you take them around for sports and stuff like that.

Okay, fine. Maybe you will cut your expenses 50%. But for me, if I were in this relationship, that's not enough. I would need to know a plan. How are we getting out of debt? When? Let me cut this short just to give you their numbers. Their assets, $87,000, their investments, $460,000,

savings, $1,300, debt, $135,000 and their net worth is therefore $413,000. How do you feel about that number Kevin? 413,000. That's tough. When you put it on paper, it's kind of, I don't know, what's the word to describe. It's not, it's kind of, I don't know, disappointing. Why? Because we have the knowledge, the know-how, the, the, we have an idea of how things should be. And I think that's probably the biggest, one of the disappointments because you just feel you should be in a better spot. But on the flip side, I mean, we're first generations. No one's giving us anything and everything we've got

is just literally her and I. So. Okay. When you say you feel you should be at a different place, what place do you feel you should be at a different place, what place do you feel you should be at? The different periods in our life, well, as recent as, oh my goodness, the COVID deal, we changed our spending habits.

We put a really big dent in our debt. What was it, how much was it, Ebony, about 40,000, 30,000? And it's probably more than that. We paid off both cars, we paid off like a lot of credit card, like store credit card debt. You build that momentum and you just feel like, okay, now we're really on track.

And then to see it all back again, and as she said, you know, life happens with the cars. We had a couple accidents. And it's just like, wow, we're back in all back again. And as she said, life happens with the cars, we had a couple of accidents. And it's just like, wow, we're back in this hole again. And to really put it out there like that. And that was one of the things after seeing, when you really put the numbers out there, it's kind of disheartening almost.

Like, man, it's that bad. I want you to notice how Kevin didn't answer my question. In fact, Kevin doesn't answer my question a lot. His responses are a lot of words jumbled together with feelings and a lot of easy going sort of, ah, it'll be fine, but very few specifics. And part of the reason he can get away with answers like this is that Ebony

takes on the load and handles all the finances. If we lived in some alternate dimension where Kevin were single and he was responsible for his own money, he would not talk about money like this, not for a second, because he would have to know exactly how much it takes to pay the bills, pay for kids, and so on. All right. I appreciate the honesty. Ebony, how about you? When you see those net worth numbers, how do you feel about it? The interesting thing is, I thought that was high. Like, I don't really feel like I have that much network.

We pull the numbers together. I'm like, this can't be right. Like, I feel like I just all I see is the debt. I don't even see any of the assets. Okay, so one of you thinks you're in a worse position than you thought and the other things you're in a better position than you thought. What does that tell you? We're not on the same page. We're never on the same page. And really, that's all I want is for us to be somewhat on the same page of like the facts. I appreciate he doesn't think like me. I don't think like him, but like some things are like one plus one is two.

It's not three. I think we can agree on that. Okay. So it is interesting to me that before we go into the rest of these numbers that if the two of you aren't even agreeing on a basic set of facts, that's a bigger issue than 5,000 or 10,000 here or there. Would you agree? Yes. So I want to point out that the primary reason that you, Ebony, feel so stressed out about money is this number right here. What is that number? 91%. That's your fixed cost are 91%. The reason that you've had to create all these elaborate spreadsheets and the reason that you worry about being homeless, all of

it from a financial perspective purely not talking about the emotional side of it is this. Yep. So when you're talking about Kevin spent $25 on this or that, it's irrelevant. You could triple your income and that dynamic doesn't change. That is what controls what's going on. I mean, I've asked him directly and he always gets out of it. He'll say, you know, you're gonna get mad

if I don't do it the way you want to. And he dodges it. And you let him. Yeah. And I know. And because what has been what has been the consequences, he told me just now, just two minutes ago, he candidly said it never crossed my mind to do this. Yeah, the consequences, he, I call him Mr. McGoo. He just walks around with his glasses and can't see anything, but everything's going to work out perfectly.

The ladder is going to come down over the hole. I'm the ladder. Yeah, you are. And I've let myself be the ladder. And you're still recreating that dynamic right now as we speak. Yeah, but I don't want to anymore. I promise you I don't I really want to tell me what are you going to do about it because I can't do it. It's got to be the two of you doing it. I'm going to give him the finances and if I end up homeless so be it. I'm not sure that's you know all jokes aside. I'm not sure that's probably the healthiest thing.

Can I just say that Kevin do you have the skills to manage the household income right now? Yes, I do. I'm not insulting you at all. I'm saying like, this is the complex stuff, the way it's laid out even I'm like, what the hell is going on here? I'm serious and I do this for a living. And that's what I was like. That's what I'm educating yourself. Like he doesn't understand my system. It is. But you know, Ebony, but your system sucks. Why? Why did you?

Why did you get it? So listen, there's so many layers here. And the two of you have constructed so many layers. And every single one of those layers keeps you stuck in place. Ebony, you don't even ask him what to do. Mr. McGoo over here. First of all, I hate these fucking jokes with each other. Like, if you're gonna joke with each other, you know, say something nice. I hate this. This insulting, running jokes, it does you no favors at all.

You ever go out to dinner with a couple and all they do is snipe at each other? How'd that feel? Didn't like it. You ever go out to dinner with a couple and all they do is snipe at each other? How'd that feel? Didn't like it. What? We were probably that couple roommate. No, it does not feel good. It's not good. And so all these running jokes are actually so toxic. Okay, so let's just put that aside because that needs to be resolved. That's a long-term thing. So then Kevin goes, he finds a way out of it, but although I will say Kevin to your credit, you're saying, hey, I'm open to doing this. I appreciate that.

I recognize that. And then Ebony's going, okay, you're in charge of every single thing in this household. Ebony, your system is super complicated. I don't know why you set it up like this. And there are definitely reasons because if no one else can understand your system, if Kevin tries to do it in fails, then what does that make you?

The Savior! Yeah. A completely agree that the system is way too complex. Okay, great. Cool. I appreciate that. So, maybe a step instead of handing off this extremely convoluted system to Kevin, who's never done it, and you're basically setting him up for failure, do we all agree?

Kevin, if I were in your seat, I would not feel good about taking on this system. I'm telling you, I wouldn't even do it myself right now. It was not this complicated two months ago for me. If a system got this complicated in two months, you got a problem. Yeah, yeah, we did. We had a problem. Our counts got screwed up. So yeah, it was a problem.

That's shocking that your accounts got screwed up because your system was so convoluted. That's the point because he changed his direct deposit. It was not that. I get paid once a month. So I was like paying all my stuff. He's already said, and then, it's all a pain. Hey, Ebony.

He can't even hear me right now. He's crazy. Ebony, did it feel good to explain that to me right now? Yeah. Why? Because I don't want you to think that I'm some crazy person. I actually have a, there's a rhyme and a reason to this. No, Ebony, that's not why you did it. Can I suggest something want you to think that I'm some crazy person. I actually have a, there's a rhyme and a reason to the... No, Ebony, that's not why you did it.

Can I suggest something to you? I'd like the two of you to reframe the way you're both treating us. This is the problem and the two of you are the team. So figure out a way to solve it together. It's not one and then the other is shooting down their ideas. The two of you have this problem. It's your money.

You want to start talking to each other? Oh, what do you think? We've had this conversation, and that's... What did we say in this conversation there? Well, we need more money. That was the power session. Well, what he just said, more money was not going to solve. I know. I know.

Listen, if you guys want to have fight, I'm not the place to do it. No, I'm not trying to know. Listen to me. It's a waste of my time. And it's disrespectful to me if you perpetuate these patterns. You're wasting my time. Here are the numbers. You two are a team. Let's create a way to solve it.

If you want to play ball, let's do it. I'm here to help. I'll stay as long as I need to. If you two want to argue back and forth, I don't want to be here. So tell me how you'd like to proceed, because I'm here to support you if you're in the game. I wish I hadn't lost my temper there. here to support you if you're in the game. I wish I hadn't lost my temper there. I was frustrated that they kept going back to sniping with each other.

The dynamic for them is so familiar, it's almost like they're glued to it. And when I was trying to get them to look forward, felt like they were both going backwards. Sometimes on this podcast, I will say something extremely direct in order to get my guests attention. But when I do that, I'm intentional about it. But that right there with Kevin and Ebony, that was not intentional. I just lost my temper.

So to Ebony and Kevin, if you're listening to this, I apologize. It's the rational rationalization, rationalizing. Yeah, and when you explain something, even something that's not getting you the outcome you want, what does it get you? Relief, control. Yeah, it makes you feel right. Right, yeah. I like being right. I'm shocked. Yeah, it makes you feel right. Right. Yes, I like being right.

I shot. Would you like to write yourself right into another 25 years of not connecting over money? No, no, no. Do you see how deep the change is that the two of you have to make really go are? Yes. Yes. This is the tip of the iceberg, not even the tip. But he doesn't think there's an iceberg. So this is why we're here.

Thank you, Rumi. You think everything's fine. Everything's great. How do you know that? Have you ever asked me? He told me. He said, we were just. Stop right now.

Stop right now. Stop right now. Do you realize what you're doing as we talk about the layers that you have to change? I'm repeating the same pattern. It's not getting you anywhere. I'm telling you right now. It's not. Every time you do it, you get this short feeling of relief. I'm right. And each time you push the two of you away just a little bit more. I wonder what it would be like if you think about someone who you really admire

the way they treat money, the way they talk about money. Ebony, who comes to mind for you? about money. Ebony, who comes to mind for you? It would have to be somebody famous like you. Let me cut in here really quick. If you're watching this on YouTube, leave a comment below with who comes to mind for you when you think about someone you admire for the way they treat money. I'm curious to see what you say. I was thinking I was gonna have to find a new job. I could probably double my salary. Double?

Yeah. What? Yeah. Why haven't you? I really like what I do now. I've been in some very toxic workplaces and this is the first time I've ever had a job where I'm not stressed at work. So basically, I actually took a pay cut and shrifted. So I've shifted my stress from

work stress to money stress. You know what? That's very perceptive. Yeah, you have. Do you think that maybe there's a job that you can do that's not toxic and pays you more? a job that you can do that's not toxic and pays you more? I really hope that there is. I've had so many negative experiences that I don't believe it. It's just, it's the nature of the feel that I'm in, unfortunately. That's so. Well, let me say this. I know many people have been in many toxic

industries. I will tell you that I believe there is a way for you to do it. I have to believe it because I've seen so many people in similar situations. They go, I'm never going to find a job like this. And there are ways. One, you can screen for it as you start to go through your interview process, remembering that you are selective, just as well as they are selective. Asking the right questions, speaking to people off the record, people who used to work there and left, all of those things, great ways that you can find out what's really going on in an org. But honestly, Ebony, if you're telling me you can double your salary, that solves a lot of these financial problems.

Yeah, yeah. I mean, can I just show you? I want to show you so it really sinks in here. Okay, imagine this. Look at this. Let's say that this becomes, I'm just going to do it for easy math here. 15,000. Okay. I mean, that's it.

That's the ball game. Your number, just your fix cost just dropped to 49%. Okay. Now, is it going to be 15? I don't know. But the point is you can see it changes everything. Yeah. I just don't wanna be miserable 10 to 12 hours a day again.

I don't want you to be miserable. Because I've had every job I've had, I've been miserable. And I've never really been in a position to negotiate because I was like running from horrible situations to a new job. But so I've never been in a position like, I'm in a job I was like running from horrible situations to a new job. But so I've never been in a position like I'm in a job I really like and so I can turn down things where I see red flags, which would be nice to do for change. So that could change everything.

Okay, I love that. I love you, honesty. Hey, Kevin, this is a great opportunity for you. You're hearing her. It's a great opportunity for you to step up and take off some of the load so that she could focus on healthily finding a new job. What can you say to her? What can I do for you?

Take care of the finances, isn't that like the obvious answer? Like I don't know, like it's not rocket science. Take care of the finances and just being more helpful with the kids and knowing like they're scheduled and. Ebony tell them tell Ebony, tell it, you're in your head, you're doing this whole spinning thing. Do you notice it? Yeah. Yeah. I want you to really think about this. He's asked an awesome question.

And I think he's willing to play ball here. So get out of the spinning and really think specifically what can he do? He's asking you so tell him. We could start back having weekly family meetings where I give you, where we discuss a list of what's going on in the week so that we're both on the same page and we can divide up what needs to be done equitably or in maybe you take a larger portion than you normally take. So that would be really helpful. Yes, I can do that. I definitely I'm interested in that. Yes, for sure.

Love it. Love it. Love it. Great response. Ebony, what do you notice about that dynamic that just happened there? I asked and I received. Exactly. I asked and I received exactly. Exactly. I want to. Exactly. He's happy to do it.

Now, I know eventually you want him to be coming up with these things and that will happen over time. But Ebony, I think this is something for you to really take note of, for you to write it down, for you to talk to with your therapist. Yes. And I think that with kept feeling good at home, with Kevin taking on, being proactive, and I see Kevin, he's getting it. He gets it. He's like, I'm ready.

So, if that happens, then Ebony, that gives you a little room to explore the market and to be selective. Yeah. You said you've never had the chance to look for a job because you were always running away from something. Now you have a good situation. I need you to believe that there is a job out there where you can make more and be respected at work.

I know it exists, you've got to believe it. And I've helped like a million people find those kinds of jobs. It's out exists. You've got to believe it. And I've helped like a million people find those kinds of jobs. It's out there. You've got to believe it because then you're going to be searching for it. Okay. Yeah. So so far, what are the key messages you're taking away from our conversation right now? About the money part of it. Tough. It's It's a it's a tough conversation to have. It's tough. It's it's a it's a tough conversation to have. It's a complex situation we got. I don't

we created a hot mess. Kevin, how how worried are you about your finances on a scale of one to ten ten is the most worried. I would say about seven, six or seven. You're seven, you don't sound like a seven. Because for me at the end of the day, it's it's going to be fine. We can do this. We are very capable. Because right now, did you know that you're losing money every single month? Yes, I'm aware. How much are you losing every month? Anywhere from what is it? 500 to 1200? I think we, some papers for your balance.

Or you tell me about the credit card did. All of it. No, I don't know that amount. How can you feel good about your money? How can you be sure that it's all going to work out if you don't even know how much you're losing every month? That's a great question. Do you know the answer to it? There is an answer as to how you're able to sleep question. Do you know the answer to it? There is an answer as to how you're able to sleep very soundly at night, even though you're losing thousands of dollars. Do you know what it is? What's that? She, because Ebony has it under control. Yes. So you've delegated all that worry over to her and what did she just tell you just a couple of minutes ago?

She needs help. She needs me to do it. So you stepping back has put all the burden on her and she herself has admitted she's not equipped to do it. She has her own demons that she's working through. She needs your help. Are you willing to step up and help? Yes, I am. All right, I appreciate that. Now, Ebony, think carefully about your

answer to this question. What would you like Kevin to do that. I'm going to be able to do that. I'm going to be able to do that. I'm going to be able to do that. I'm going to be able to do that. I'm going to be able to do that. I'm going to be able to do that. I'm going to be able to do that. I'm going to be able to do that. I'm going to be able to do that.

I'm going to be able to do that. I'm going to be able to do that. I'm going to be able to do that. I'm going to be help her do that. Yes, I can do that. Okay, great. And I have a question for you. So this call is going to end at some point. A couple of days from now you're going to have this conversation. Let's say you have a couple two, three conversations. What are the odds that you end up right back where you were? Well, I feel like they're very high.

Higher than 50% chance. Yeah, Kevin, what do you think? I don't know. I think we're going to change because you guys are calling me out and I don't appreciate it. Kind of pisses me off, but this is the most in depth. Or I would say, as you've been saying all night, this is the most layers we've gotten through. I truly didn't know she was this passionate. And I guess now that we've said here

and the more she's talking, I'm like, wow, I guess all along, she's been telling me this. And as you said, I've tuned her out or blocked her out and just not listening, but she's actually been saying it now that she's over three to four months. So I'll be reading for decades. No, I truly love my, I love Ebony.

She is so awesome. I love my wife. And like you say, I want to do the right thing. I want to help and I don't want her to feel that way. I mean, I just, I'll be honest, I didn't know it was this deep. I was aware of the money and I, and you know, she's made,

we've, I've seen what we have and we definitely got to do something different, but yeah, I didn't know the emotional depth of everything that's going on right now. So I definitely going I'm going to have to step up. I'm sorry you feel that way. I didn't know it was this bad. How do you receive that, Epidie? I feel seen for the first time in a long time. Yeah. And heard.

I love that. I feel like that's been like the most breakthrough we've had. That is a huge breakthrough. Kevin, my man. The two of you are obviously very loving. And that was the first conversation about money. Where I could see it. I saw Kevin.

Kevin, I saw you feeling genuinely hurt realizing how deep it goes for Ebony. And Ebony, I heard you receive what he said, open arms. It was just, thank you. I feel seeing, I feel hurt. That's beautiful. I would like for you to be able to continue to have conversations like that. Wouldn't it feel good? Yeah. Yeah. So how can you do that? This was a beautiful moment, a flash of what's possible. And if you could do that 90% of the time, gosh, it would transform everything. I have no doubt that the rest of your debt would start to go down way more, way

faster if the two of you were talking like that 90% of the time. It's more important than the $25 expenses. It's more important than the of the time. It's more important than the $25 expenses. It's more important than the Excel spreadsheets. It's more important than your kid sports. It's more important than everything. Is the two of you being able to communicate in a healthy way? Healthy way, Ebony, we gotta remember that.

Yeah, definitely. Yeah. Has. Yeah. Has to keep. Yeah, I mean, I feel like there's nothing the two of us can't do together as a team. That's right. I think that was a really beautiful demonstration of their love for each other. Kevin really showed up. For our entire conversation, he said he's willing to help.

But it was really in those last few minutes that he acknowledged he could do more and he seems to get it. I'll take the win. An Ebony, she's changing the way she communicates, she's asking for what she wants. As time goes on, my wish is that she starts to see how her identity has caused her to pile on so many different things that she's now wearing, all parts of her identity, and that maybe it's okay to ask for help. Now if it were me, let me just tell you what I would do. I would dramatically simplify the way that we handled finances. I would just throw out this complicated budget, use the system from the IWT book chapter

4, stop trying to reinvent the wheel. I would then have a series of clear conversations about who does what, and I would write it down on paper, not use a lot of complicated words. If I was Ebony, I would start off by asking Kevin to take on something small, I would set him up to win, I would celebrate that win within five to seven days, and then I would work together on making money management much more equitable. If our Ebony, I would immediately look for a new job. If a 2X salary increases on the table, take it, an increase like that could change everything for them. I'm going to throw a link in my show notes to my Dream Job program, which routinely helps people get $10,000 raises, $25,000 raises, even more, including helping you discover what

your dream job even is. Now, let me show you what they sent me after our conversation. Let's start with Kevin's video follow-up, and you can head over to YouTube to watch and to listen. What surprised me was a level of patience that I would meet exercise with my wife and I. And the level of in-depth questioning that he was able to bring to the surface some things that I didn't realize

was there and how it impacted not only my wife, but our marriage. One of the biggest takeaways was that my wife needs me. She needs me to step up, relieve some of this financial stress that we have in our marriage, take more of a leader role or even an active role. I didn't realize the depth of her frustration or hurt, but now I do. I'm up for the challenge, although we have much work to do. I really think we can do this in the

short-term and long-term and change everything around. In specific change, basically, we're going to communicate more. Not only come up with the new financial strategies that involve both of us, not one of us, also stop using credit cards, possibly new jobs, and a debt relief plan that we can be out of debt within a year or two. Next up, Ebenees follow up. What surprised me the most was definitely how hurt I was and how immature I was behaving in that budget wasn't working. My spreadsheet wasn't helping.

That was a surprise. I knew that wasn't working, which was why I reached out. But I had some key takeaways, and it was just that the problem was much deeper than just money and finances that it's like more so a reflection of some issues that have been going on inside of my marriage for a few years and I haven't really been attending to them. Kevin and I are definitely going to couples counseling and we also are going to work on coming up with a plan to gather. I've given, I've already given him a list and we are talking about what things on the list realistically he can take off from my shoulders so free up some time for me to find a better paying job and I

realize I deserve an equal partner. We both need a wake up call and thank you for being so direct. I want to thank Ebony and Kevin again for their honesty and openness in our conversation. This was a challenging conversation. And I like that. You both came here, you needed help, you were ready to change. That's why I do this podcast. So thank you for showing up and thank you to everyone for listening and watching. And the last thing I want you to do, go to iwt.com slash podcast newsletter. I send out a weekly newsletter on money psychology. You will not find it anywhere else.

You can only get it at iwt.com slash podcast newsletter. Thanks for listening to I Will Teach You To Be Rich. I'm Remete Saytee. Please follow the show on Apple, Spotify, or wherever you listen to podcasts. If you haven't read, I will teach you to be rich. My book, pick up a copy. You can get it at any bookstore or any library,

and it will show you the specific tactics for how to build the I will teach you to be rich system into your personal finances.