00:00 Download the Conscious Spending Plan so you can use your money GUILT-FREE: iwt.com/csp-youtube Please remember: These are real people who had the courage to come on my podcast and ask for help. Would you be willing to come on this podcast and share every detail of your financial life? Feel free to leave comments based on what you think, but remember that we are here to help in a supportive way, not to demean and criticize.
@erinmcaleer1189Ай бұрын
Would you link episodes 56 & 57 in the show notes? Often episodes are mentioned by "episode x", but they aren't searchable that way.
@Beatsmith2005Ай бұрын
I hate to break it to you all, but making $5k a month as a musician IS being a success in that field in 2024...
@lowlowseeseeАй бұрын
facts!!!! im a musician who has gotten rave reviews in my past and made 5000 too. but it took me YEARS ahahahahah. five a month is fucking amazing. only if he enjoys the task though. i turned down a bunch of money because I do not enjoy a lot of shit i was being asked to do.
@davidbernalpianistaАй бұрын
How much does one earns busking in the street?
@5traceАй бұрын
Absolutely agree.
@cognitive-botanical-therapyАй бұрын
He’s a producer, but yah he’s doing pretty well especially in a saturated market like NYC.
@Madchris8828Ай бұрын
Fairly successful. There are musicians who make 10 times that. But yes on the whole you are fairly successful at 5k a month.
@chryannaАй бұрын
I normally find Ramit so insightful, but I think he missed some this time. I do think Gina expects James to make a lot more money. I think it's much more about dollars for her than the equal participation in decisions and planning Ramit insisted she really wanted. And that resonates with Gina's mom always saying her dad didn't make enough money. Gina brought up repeatedly how she wants James to be able to split the cost of trips, to save and invest, to have enough money he doesn't have to worry about it. But she never was asked to deal with the fact that no matter how responsible he is with his money, there is a built-in significant disparity. The two choices are 1) she lives the lifestyle she wants and comes to terms with either not including James in it or covering them both financially. OR 2) they significantly change their lifestyle together. She was never really asked to compromise there. And James wants to be involved. He brought this up many times, "Wait, let's talk about it." "I see these mystery plane tickets and I wish we'd discussed it first." "I feel pressured to keep up with her lifestyle, so I stretch myself to pay for things I otherwise wouldn't instead of saving and investing." These are all paraphrased from memory, but I don't believe unfairly. I also empathize with his expressing that it's hard to be involved, since any input he has would be a sobering "brake" that would take into account his income, which she has demanded stay separate, and he doesn't want to be this "brake" on Gina who can afford these experiences, or be the reason she can't have them. Maybe James is selling himself short when it comes to earning potential. But there are some harsh realities that need to be confronted when you have a 99th percentile income, choose to spend it on extravagant experiences, and want your partner to both participate in those experiences and pay for them via his strictly separate account, despite not having the money to do so. It seems like at the end of the show, the "reasonable" resolution was that James triple his already above median income very quickly. I think a more hopeful, more likely path would be the two of them embracing a concept of "our" money- and once that's done, adjusting expectations and re-evaluating what contributing to the relationship means, and some new goals for spending, saving and dreaming big, both individually and as a couple.
@Sarita-pv8emАй бұрын
100% agree with every word you wrote!
@cognitive-botanical-therapyАй бұрын
Thank you! I’m disappointed this wasn’t addressed. Tbh this episode grossed me out. She’s comfortable selling her soul to be a corporate lawyer and wants a ridiculously lavish lifestyle, but so she can feel good about it she trots out her starving artist husband at 5 star resorts (in countries that are impoverished). Also ZERO charitable contributions mentioned and no estate planning! So weird 😮
@anonymousanimal8449Ай бұрын
100% agree with these comments I’ve followed each of Ramit’s episodes from the start, really enjoyed his perspective, and this discussion was a huge disappointment. It really turned me off Ramit. This couple revealed Ramit’s own blind points, which seem to be gender bias (if the genders were reversed, wouldn’t he advocate shared finances??) and that Ramit seems to think that high income = morally superior (or at least way smarter) than everyone else. Not true. I expected better from Ramit. Would be happy to see Ramit review and react to these comment and see if, after everything settles, he has any different perspective on this conversation. He’s the one always advocating for self reflection….
@TheSellingAcademyTVАй бұрын
@@chryanna nailed it
@jimgold2550Ай бұрын
Yes, how glib they were about ‘ok, you just need to 3x your income rapidly’ shocked me. He’s a musician! Do you realise how well he’s doing taking that into account?
@IMT6571Ай бұрын
Weird episode! I feel like Ramit lost focus of the big issues for this couple: 1. She's doesn't have fair expectations of her husband and is being stingy with her income - she's a huge earner and can afford to provide them with a nice lifestyle. He's an artist and brings other valuable contributions to the marriage. If the roles were reversed, we wouldn't think twice about a man supporting his wife. 2. They are seriously behind in their investments. With almost 10 years at a high income level, they should have at least 3-5 million put away. I feel like Ramit got distracted by how much she makes and didn't adequately address the underlying issues. The episode went by with no real lessons for her. Her husband seems great.
@Kenya198412 күн бұрын
After this episode I cannot watch his show anymore. His advise is pretty clear, he’s probably also not combining finances with his wife either. Dave Ramsey would be a better coach for this couple
@craziinancy1Ай бұрын
This might be the first episode where I haven’t agreed with the counsel given. The husband was made out to be the problem but he really isn’t. Even if he made $150k he would not be able to keep up with the lifestyle she wants to have and “contribute”. She makes more than enough for both of them….
@mikaelaziegler9782Ай бұрын
Yeah that was shit when Ramit said that James here needs to work on his money scarcity mindset. James didn’t ask for Gina to buy him shoes, but she did anyway and then was upset that he doesn’t see things that need to be done? Doesn’t click. For the household items it does, he can shop and restock things too but is he paying for that himself or is she? As a musician, I’d expect him to have worn out shoes etc, that’s style lol and also he’s not bothered by it
@ElliePar421Ай бұрын
Honestly. He was "only" making $60K? Shame on you..step it up..i did NOT like this episode at all. @@mikaelaziegler9782
@stevesjpАй бұрын
If the genders were swapped, and the lower income was a teacher, would the advice be the same?
@eddiemalvinАй бұрын
How can he possibly keep up when SHE can't even keep up? Their net worth is abysmal considering their age and earnings. Pouring more water into a bucket with holes is futile.
@Rcs2018Ай бұрын
I almost always agree with Ramit but this was the rare occasion that I felt at odds with his advice. Gina will always make more than her husband and I think they need to get on the same page about their partnership financially rather than blasting James for not making enough when he partner certainly does for the both of them. It does sound like they are moving in the right direction though after the call.
@muuserid77Ай бұрын
I feel like Ramit really missed the mark this with this one. For James to have to sit out trips when they are making over 600K a year is nuts. This is not a partnership
@HelloLudgerАй бұрын
No way he would have told a wife: Look, your husband wants to go on these trips YOU can't afford, so he should go alone and you can use the time to hustle at home and finally contribute!
@otis5522 күн бұрын
Lady wants to start a consulting business. I bet Ramit makes more from her than from the views on the video.
@RyChOr2005Ай бұрын
Why is he paying 40% of the rent and 100% of the utilities when she makes 10x his income? Why is she surprised that he is barely treading water and not able to save that much? This episode is so confusing. The man was struggling to pay off a $1k CC debt. What is this marriage? 😭
@debbielockhart7762Ай бұрын
So unfair.
@CapycorgАй бұрын
And why didn't Ramit call this imbalance out? He usually does.
@RB-gq2zyАй бұрын
She is holding him down but expecting him to move forward.
@ElliePar421Ай бұрын
@@Capycorgi feel like he felt he found a kindred spirit in her..like he saw himself in her or vice versa...I really think that skewed things..created a bias.
@saeedhossain6099Ай бұрын
@@RyChOr2005 it's not a marriage, it's a serf-landlord relationship, her lifestyle is subsidized by his rental.
@MachoukasАй бұрын
Usually Ramit is right on the money but he missed the mark completely on this one. Whys it the guys fault she has a spending problem?
@chaselyАй бұрын
Yep the diagnosis could have been that this couple has a spending problem. Yes, they can afford their lifestyle right now, but they can't continue to stay at 5* hotels and resorts when they stop working (in 10-15 years) because they aren't saving enough. That being said she could probably increase her income by 50-100% and as long as they save a good chunk of that money they'll be okay. I do wonder if Ramit let his biases slip a little here, if they were spending this money on luxury cars instead of travel, would he have been as forgiving?
@sussie9895Ай бұрын
@@chaselytotally! I was just thinking Ramit was so blinded by her love of expensive hotels.
@Tammy.822Ай бұрын
Was really surprised when Ramit didn't acknowledge her "his little money market account" comment. It was gross and he usually calls out jabs/comments like that. Does Geena really want an "equal" partner? She mentioned her prior husband didn't work (visa issues) and now she's with someone who makes 10x less than she does.
@JermachuАй бұрын
I didn’t understand the direction ramit was going on this episode. The probable reason why James can’t invest or save is because he’s living a lifestyle that Geena wants to live. The solution for this is to have Geena go on vacation alone because James cannot afford it?? What kind of married couple can make this last?
@Gioli565Ай бұрын
Yeah, horrible advice all around. Ramit was off on this, blinded by his bias of the high earner. His elitism is showing in this, and it’s not attractive.
@milivaro22 күн бұрын
@@Gioli565it shows every time he says inflation is not real 😂
@TheSellingAcademyTVАй бұрын
Ramit I've watched many of your episodes, but this one broke my heart for James, who makes a decent income and probably busting his ass to keep up with his wife. I understand as a female geena may want to protect the wealth that she worked really hard for, but it's not fair for James to have to stress to keep up.
@Love_MikaАй бұрын
I agree, except she isn’t even protecting the wealth - she is spending like crazy.
@MsSunnyMuffinsАй бұрын
Seeing this title I expected like 100k vs 10k. One partner clearly being a bum and holding the other back. That is NOT AT ALL what this is and I think the wife needs to come back down to earth and recognize 60k is a good salary for someone their age. It's amazing for someone doing music. *She is a societal outlier* and she can't expect her husband or 99% of people to catch up
@CapycorgАй бұрын
Agree. 43:58 the idea that he can reach her level of salary seems like pure impossibility.
@2passportsandpostcardsАй бұрын
Same with me…
@sandiegoskin27 күн бұрын
Agree
@YIWOTYАй бұрын
Thank you to Geena and James for sharing their stories. I must admit that I’m disappointed that Ramit put it all on James. She married a musician, essentially. She shouldn’t suddenly expect him to become a type-A personality like her. It’s sad that she tells him he’s thinking small. Did he agree to make a certain amount of money when they got married? Is he making less than he used to? If you’re truly a married couple, get over who pays for what. If she wants them to take multiple $40,000 trips each year and can afford to pay for them, great! But don’t get on him because he’s not making enough to pay any material amount of such a lifestyle.
@pfifltriggАй бұрын
Yeah, I feel like if he was a woman this would not be an issue.
@FunStuffBuddyАй бұрын
@@pfifltriggi was surprised she wasn’t with a woman
@amanda.c.ice.Ай бұрын
I can’t believe they don’t have combined finances for things like these trips. Why should he have to pay for it at all if they’re married? Her money is his money!
@cloutm_anager8262Ай бұрын
It’s because Ramit is kind of a low t liberal. Happy wife happy life is his motto.
@jimgold2550Ай бұрын
Exactly, he’s only ‘thinking small’ in her terms, they seem unwilling to accept that maybe you can’t just earn 180k as a musician in NY through brute willpower.
@DJSharyPАй бұрын
There was so much wrong with this episode! First, This couple and Ramit travel the same. RAMIT IS A MULTI-MILLIONAIRE! This couple is living like millionaires but they are not! He never called them out for not having enough emergency savings, they don't plan or save for vacations; they just spend on a credit card then pay it off? Also why did Ramit not highlight that she contributes 20-something percent towards fixed costs while he contributes 40-something percent? How is he going to contribute to their $45,000 vacations and retirement savings? ---and then they were bullying him even more about not contributing more to fixed costs? Then Ramit wants him go it alone and have the consequences. I kind of get it, but all of those things can't happen at the same time. What if his clients really stop working with him if he raises his rates? Should she kick him out, or not let him use the toilet paper? I am just beside myself. It felt like the Twilight Zone! There HAD to be something they left out of this episode.
@CapycorgАй бұрын
This was such a hard ep to watch. And I am usually critical of the dudes! Not this time.
@cdiehr-xm3mc23 күн бұрын
I couldn’t agree more. I honestly can’t understand why she has a problem paying for him or sharing her earnings with him. I agree that Ramit seems to have joined sides with her because he felt a kinship since she spends money the way he does.
@Sherry-fl3md14 күн бұрын
Can’t agree more. They’re not millionaires yet but already travel like millionaires 😂
@StevenEdwardsAudioАй бұрын
I am a fan of the podcast and watch it every week, but I did not like his approach on this episode, actually I found it quite unpleasant. James is doing just fine. He’s in the music industry and working his way up to making more and more. $5k a month for what he does is not bad at all. There are too many unrealistic expectations on him and I wish that would have been given more focus. It’s not fair for his partner to expect him to help out with extravagant trips when that’s not the realistic option for the path he has chosen. If her mindset around this doesn’t change and they stay together he will always feel less than.
@janaynmelis5250Ай бұрын
If I made 10x what my partner makes, I'd be paying 90 percent of everything and he would pay 10 percent. ❤
@VashtiPerryАй бұрын
Exactly And I think she's frustrated that he doesn't go by certain things around the house and she has to do it. But at the same time she won't have a joint account with him. So it's not right that he would spend all his income on toilet paper and little stuff like that when they had a joint account and they just put money aside for household things. He could take the card and go buy the little stuff cuz I don't think it's right that he has to spend his income on there that kind of stuff
@azsparks1Ай бұрын
This! I was surprised how much rent and fixed costs he paid in comparison. It is a lack of empathy (or accountability) she has for him when she expects him to pay for fixed costs in an inequitable percentage along with the trips and then expect him to save?
@elizabethpeters8904Ай бұрын
@@VashtiPerry She sounds so controlling, he's probably afraid to do anything, even buy toilet paper, because somehow what he does will be wrong.
@Kevin.GrindelАй бұрын
It’s so stupid just combine finances and stop the stress.
@TonyCox1351Ай бұрын
@@Kevin.Grindel100%. Combine finances, there is no my money or her money - we make sure the bills are paid, savings is funded, and the rest is play money for both of us
@makayla4292Ай бұрын
Ramit, I hope you’ll maybe address this in the future. It’s really odd to me how you came down so hard on him while she refuses to combine finances and lets him struggle with debt and paying way more than he should while making nearly $600k. He has a role in it as well no doubt, but to act like it’s mostly on him is incredibly confusing.
@Rcs2018Ай бұрын
Yes I am wondering what landed on the cutting room floor because this episode feels out of character for Ramit.
@DianeRuthАй бұрын
She's getting him things and trips he doesn't want and didn't ask for and then is getting annoyed when he doesn't pay for those things. He has worn out sneakers, isn't bothered by it, she buys him new ones and it's his fault for not contributing?
@cognitive-botanical-therapyАй бұрын
He doesn’t get to pick where they go on vacation, either. It’s a weird dynamic and Ramit failed to acknowledge that he has a huge lack of agency in the marriage. Such a weird episode!
@CynthiaSpencerАй бұрын
He’s supposed to stay home and work as punishment, for a couple of weeks a year to create wealth (in that amount of time?), while she goes away on elaborate vacations with THEIR money. (I had thought they were married.) That bothered me a LOT. A kind man was being bullied by both his wife and Ramit, who seemed to be in some sort of arrogant, exclusionary, rich-people club, that expects everyone else to have money as a number-one, or possibly only, value. Haunting.
@hiddenmutantАй бұрын
@@CynthiaSpencer it was really telling when Ramit was condescending to him about how "it would be pretty hard to survive on $60k" if Geena disappeared from the picture (1:02:32). In what world is $60k literally unlivable? Median income in the USA is $37k. The elitism here smells like NYC garbage.
@chumbangaАй бұрын
@@CynthiaSpencer well put 👌
@avivalavida403Ай бұрын
AND on top of that they don’t have a combined income, if the roles were reversed we would be freaking the eff out about this
@cognitive-botanical-therapyАй бұрын
I’m confused…. Are they married? Why is she “covering” when they’re legally married? I also don’t get why someone making $50k a month is worried about their household buying running shoes! Lastly… this was a big tell to me: she called his IRA “little”. She said she wants him to have a “little Roth IRA”. That’s so condescending. I feel the same way that I did about the recent episode with the American couple in London. Also, if she got hit by a bus he’d get a massive life insurance payout. I worked in corporate tech and they pay for a policy as a benefit; usually like 10x your annual. I feel like these two are roommates and she resents him and he’s complacent about it. Hope y’all can work through this, best of luck. ❤
@CapycorgАй бұрын
They ARE married but her tone is very much as if they weren't.
@Gioli565Ай бұрын
Amen!
@aprilstiek7430Ай бұрын
@@cognitive-botanical-therapy I thought of last weeks episode too. That London husband also made $60 the previous year. The wife and Ramit made him out to be a failure. The wife wanted to keep their city apartment and buy a house in the country. If only the husband would make more! It was very mean and selfish. The husband did some unconventional things but he brought money into the household. Very sad to lack a loving partner in the financial side of partnership. Seemed like “just business”.
@FunInTheSun808Ай бұрын
Rammit super disappointed that you just let this woman control the situation, this would have been a great time to explain that for a musician this is a good salary and that not everyone can make 100,200 or even $600,000 a year. You own this dude an apology for not sticking up for him... if rolls were reversed it would be a big issue. One day this guys gonna get tired of his wifes shit and find someone who loves his for his artistic side and not just look at his "normal salary" as a load.
@AlyssaMartinpageАй бұрын
Ramit did tell her that James was never going to be able to contribute on a more equal footing.
@naomidgaАй бұрын
I said the same thing. James looks defeated this entire episode, and he didn't have anyone advocating for him. He's basically being treated like arm candy instead of an equal partner. They don't want the same things. And once he meets someone who gives him what he's lacking here, which has nothing to do with money, he's out of there.
@ChrisV3434 күн бұрын
She has to control the relationship. He’s just a boy
@Beatsmith2005Ай бұрын
Ramit asked ‘if the genders were reversed how would this be different’ and then didn’t actually think about the question himself
@cdiehr-xm3mc23 күн бұрын
Yes! I wish he would have taken that somewhere, it seemed so obvious to me! How many husbands support a stay at home mom? They always combine finances, and no one bats an eye.
@dallison1961Ай бұрын
Ramit, you misdiagnosed this couples situation by a country mile. Geena is a Type A control freak who will never let James be her equal and is not willing to treat her money as "their" money. It's no wonder James feels inadequate. If their money was pooled into a joint account then they could actually have a discussion as equals about money, but she won't do that. And to top it off, they are not even splitting their fixed costs equitably. James is kicking in much more than he should and maybe that is why he isn't able to cover his other costs or fund a retirement account. Also, they will never by able to afford their rich life with over $200K of guilt free spending in retirement unless they plan on working much longer and dramatically increase their retirement savings. They are going to need more than $10 million to afford their current lifestyle in retirement. I can't help but believe that if the gender roles were reversed this would have been a much different episode.
@jaydubya9265Ай бұрын
Yup. In reverse it wouldve been youre a bad husband blah blah blah
@hiddenmutantАй бұрын
The only thing you're wrong about is that it's not really "their" anything, it's hers. James seems like he does not need $10mil to retire lol. Jokes aside, fully agree with what you've said here.
@JOESUBA122Ай бұрын
👌🏿👌🏿👌🏿
@saeedhossain6099Ай бұрын
it's a situation where the relationship is her world and he's just living in it.
@sussie9895Ай бұрын
Agree. I think Ramit was just too dazzled by her income and love for expensive hotels that he was off his game.
@harmonyandpurposeАй бұрын
I am surprised that Ramit did not bring up the issue of combining finances with this couple, as he typically does. The wide disparity in income seems to make this particularly pertinent.
@pfifltriggАй бұрын
I haven't finished the episode yet so I'm definitely disappointed he never says this. At the beginning she's talking about feeling like his mom because she's buying stuff for him and it feels I imagine like doling out an allowance. If they just had combined accounts they could make more joint purchasing decisions and everything would feel like theirs instead of mine and his. It's a mental barrier that she can't seem to get past after 9 years of marriage.
@danadecarlo1429Ай бұрын
Completely agree - this issue has come up with other couples before so I kept waiting for him to mention it. I feel like there was some explanation that was cut out in editing. She briefly mentioned a prior marriage with financial issues, so maybe that’s the reason?
@avivalavida403Ай бұрын
Same, what going on Ramit?
@miral2309Ай бұрын
I bet he would have done if the higher earner was a man. I think many of us ingrained gender expectations without realising
@bobbiecoldiron9883Ай бұрын
Knowing she has an income of 600k a year yet only has a net worth of 700k is scary to me.
@mirusmundiАй бұрын
I know, but I’m thinking how analogous it is to other couples in their 40s who make $100k/yr but only have a net worth of $120k or less. It’s so common. Doesn’t matter how much you make, the same psychosocial problems recur.
@maruc14Ай бұрын
Living in NYC/HCOL is tough. City, state, federal taxes means an effective tax rate of 40%, so cut that to $350k post tax and she's using total compensation (inclusive of RSU vesting schedules). She's putting $90k away investments, paid off some of his 5-figure debts so that leaves ~$200k to live in one of the most expensive cities in the world (I'm not including his compensation as he says he makes $60k but then also needs her help paying for studio space? Something doesn't make sense/isn't clear). They have relatively low fixed costs... so as long as they get the psychological part figured out they're fine.
@juliagulia8887Ай бұрын
Right, don't they suggest six times your salary in retirement by age 50?
@dec1slhАй бұрын
@@juliagulia8887 that's a moving target though, what if you made 70k then lucked up on an opportunity to earn 250k. You can't exactly snap your fingers and make your retirement account what it "should" be? Also, how realistic are those figures by age?
@stalinov91Ай бұрын
Especially for their age + net worth for 2 people.
@sylviamurray7467Ай бұрын
Geena is very savvy and entered this relationship with a great deal of awareness. She was not blindsided by the circumstances. A problem arises when she expects his income to change to become closer to her income after the fact. If she needed someone who made a comparable salary, and this is an important value for her, then she should have chosen someone else as a life partner. It is almost like attempting to make the partner you chose into your ideal through your efforts after the marriage.
@saeedhossain6099Ай бұрын
@@sylviamurray7467 if by saavy you mean she found someone she can economically manipulate and use as an emotional tampon oh her beck and call, yeah sure, but as for savvy, I'd used a different word. maybe she was treated that way by her first husband and that wouldn't have been right, but she doesn't get a pass for her current poor behaviour.
@susiex666911 күн бұрын
I hate to say it but it seems like it wasnt so much she chose him but more the fact that he's one of the few men on the planet willing to put up with her nonsense.
@uhnonymous2374Ай бұрын
Lost so much respect for her the moment she says she wants him to make as much money as her lol.
@debbielockhart7762Ай бұрын
OMG, how on Earth can he do that? He'd be better off with someone else who appreciates him.
@saeedhossain6099Ай бұрын
@@debbielockhart7762 I strong doubt she cares how it's done, it's what she wants, she feels like she's figured it out and "why can't he". she's not on a team, she owns the team and he's there as an employee that has to pay for the privilege of being on her team.
@Karen-ff4osАй бұрын
I agree...why did she marry a musician creative? 🤔
@milikoshkiАй бұрын
@@saeedhossain6099 yeah I feel like no one was listening to him. For example, his reservations about raising his rates: they're acting like it's ONLY a mindset issue and he needs to just do it. No discussion of market research, of when he last raised he rates, about how stable his client relationships are... nothing. Just go ahead and raise them, problem solved. It feels like something critical was edited out of the conversation by mistake because the approach in this episode was so weird and confusing.
@saeedhossain6099Ай бұрын
@@milikoshki tbh she's living Ramit's mantra of work hard earn a lot pay rent, treat yourself on what you want, cut what you don't want, she just missed the invest and save. her lifestyle philosophy (and hair choice) aligns closely with his own and it's pretty normal to "side" with that person in a contentious situation. as for what the chap actually wants out of life, it almost didn't really matter until it fit. my last observation on the whole situation was in their CSP, they didn't explicitly include their travel budget in discretionary spending, nor did they carve out thr RSU (restricted stock units) from her income. RSU is compensation, but it's highly discretionary, it's really a bonus, it's likely got a target, but to ingest it into a budget as salary is not good planning in my mind.
@Gioli565Ай бұрын
I could NEVER see my spouse struggle with $1k cc debt while I make 46k a MONTH. If they combined finances he could so much more easily contribute to household things like cleaning supplies, picking up random needs etc than he can now with the disparity. These couples who refuse to combine make zero sense to me. It’s ridiculous
@aphromew4502Ай бұрын
He's living a life he can afford! your money is separate. When you are low-income you may have worn out sneakers, briefs with a few holes in it, worn socks - it's how you know he's respecting money. If you want him to have more agency, honestly, slide a grand or two into his account monthly. It looks to me that he's moreorless living in his means - which is hard to do when your partner outearns you severely. Things that mean nothing to her are extremely impactful to him. He can't just 'handle' things 'on-sight'.
@TonyCox1351Ай бұрын
I dont understand why he’s working at all. I make 1/3 her income and I told my wife she doesn’t have to work. Working sucks so why both do it if you can afford not to?
@mrs.quills7061Ай бұрын
@@TonyCox1351he likes making music, but yeah I don’t get it either. Let him be a house husband and focus on his music at a less pressured pace.
@T8rBАй бұрын
That’s a really good point. He’s been forced into his own little restrictive box by his ego, his demand for self sufficiency and equality in the relationship is forcing him to think smaller
@lowlowseeseeАй бұрын
she wouldnt even have to slide money to him even though thats fine and ive seen ramit advise this in the past. she should just cover EVERYTHING. ive done it when Ive made more. im also more generous than her lol
@JC-sw7dvАй бұрын
Bet she purchased their ridiculous matching shirts but is upset he couldn’t pay his fair share while he would have been perfectly happy in a white t-shirt…
@bobdog90Ай бұрын
As Dave Ramsey once said, "You have to love each other more than you love your money."
@mmp495Ай бұрын
Amen 🤲🏼
@lowlowseeseeАй бұрын
one of the few times he makes sense lol
@MiningHabitАй бұрын
Worst episode in this podcast's history. Ramit was as wrong with his perspective as he's ever been.
@FreeAgent797Ай бұрын
How? Explain.
@StevenEdwardsAudioАй бұрын
@@FreeAgent797read all of the other comments on here. Pretty much everyone agrees.
@pam1830Ай бұрын
I'm a LONG TIME fan/follower/student of Ramit's. And most of the time I agree with what he says "to do" to address a situation. Like many others in the comments here I disagree with what Ramit said to do. First, I think it is amazing that Geena makes so much money and is so successful. If I were making her money, you bet I'd be taking the private pilates classes and having an Equinox membership, and all the other things. I think it's great. (I'd also be putting vastly more money into investments because who knows how long you'd be able to keep up that work-lifestyle for, but that's me.) And James - it's awesome that you are making that much as a musician in NYC and that that is your sole source of income. I knew many musicians in NYC who had multiple gigs in addition to their music work. It's not an easy industry, and I hope that you are proud of what you've accomplished. Secondly, here's where my gripes really come in... There are certain ceilings in industries. And while James could make more, it would likely not be through charging clients more money - especially in a saturated industry. Stating that he could simply 3x his earnings in a year is out of touch with the reality of the market (supply, demand, prices - simple economics, right?) As someone who was once married, who made more than their spouse, and whose spouse could absolutely not make more in their industry at that time: you have to be understanding of that and either 1. accept it or 2. walk away. That's it. There's no pressuring to force the other person to try to make more money, there's no belittling or making the other person "the problem" or anything like that. You (the married couple) are in it together, so it's your thing to work out without making the other person "the problem" in a situation like this. Period. There are indeed some gender dynamics happening: Geena does handle a lot, and she wants James to "step up" - and I see that she wants an equal partner, but she also has to be willing to receive the feedback and action from James. That, hey, James cannot afford to go to Siciliy or wherever unless Geena 100% pays for it. I agree with Ramit where James will have to speak up more about this - that's being more of an equal partner. And, that James will be more engaged with things around the house so that she doesn't have to think about it (because it may seem minor re: ordering more laundry detergent, but it's yet another thing on the endless to-do list, and for a partner to pick that up is HUGE.) I agree that Ramit got all starry eyed over, and related with, the high-earning NYC life with Geena. And so, a lot of the things that would typically be brought up and hammered in were just... not. And, because of this, James got the short end of the stick in this conversation. AND I am so curious as to WHY the fact that Geena makes $600k a year, and James $60k a year did not result in a 90/10 split of household expenses???? This was something that Ramit was so very on top of in the past, to make things more equitable within a couple so each can be contributing on a ratio-basis to the household. Keeping finances so separate means that Geena maintains far more control of the family's finances, which (if roles were reversed) would be seen as problematic. There needs to be a re-think as to how finances are logistically handled with such disparate incomes. I was frustrated that this was not addressed, along with how Geena's contributing so little to her retirement/investments. Retirement/investing is usually such a thing with Ramit, but this time he got a bit googly eyed over her extravagant trips and glossed over the importance of this matter (although we only see a portion of their conversation and not the whole thing but still!) I get it, they have something in common, but that got in the way of the nuts and bolts of this couple's money conversation.
@jenbar308Ай бұрын
Best comment. Totally agree.
@totalwomanja9105Ай бұрын
I love your very balanced comment. I think James needed and advocate in this conversation. There were many stones left unturned in this one, I would really like to see a part 2. I think how they split the fixed costs needs to be more equitable.
@Kenya198412 күн бұрын
@@totalwomanja9105yup 💯 team James
@lifewithshawndaАй бұрын
She sounds like she wanted a provider but she didn’t marry one. That’s not on him that’s on her. She knew what she was getting with him. It was enough initially but now it’s taken it’s toll on her.
@debbielockhart7762Ай бұрын
Why would she want or need a provider? She makes $600k. She seems like she enjoys being the control freak.
@michellegreen1072Ай бұрын
Exactly. “She knew what it was.” Lol. 😂😂😂😂
@Madchris8828Ай бұрын
Once you make 600k a year finding a provider is going to be next to impossible. You are like the 01. percent of all earners in the world 😂 practically. In my case if I made 600k a year I'd expect little contributions here and there at best. Id pick someone for liking them more than anything anyways but especially with that kind of money coming in.
@JC-sw7dvАй бұрын
He contributes to his “little money market acct”…. did she really just say that? 🤮 This is not a marriage. She is booking trips and he is struggling to pay off a $1k credit card. I wouldn’t allow my husband to struggle with this burden if I made $600k per year. He needs to find someone who is less consumed with money and who is more loving and inclusive.
@beverlycarlson2209Ай бұрын
I agree, they may be legally married, but there is no emotional teamwork.
@mrs.quills7061Ай бұрын
Yeah I didn’t understand that either. Girl you make so much more than him. Why would you want your partner to be struggling in debt?
@stalinov91Ай бұрын
I have a feeling that if the situation was reversed, they'd totally combine their finances.
@mmp495Ай бұрын
I agree!
@Beatsmith2005Ай бұрын
I don’t think enough people noticed how demeaning that was… i cringed. Ramit didn’t...
@BattlekitteАй бұрын
Just imagine if the genders were reversed and the husband spoke about the wife with such condescension?
@milikoshkiАй бұрын
I feel like I missed something here? It's not about how much James earns, but also she wants him to split costs on luxury holidays, but also invest more and have no issues paying for studio rent and his other fixed costs? But at the same time she's booking crazy plane tickets without any consultation, despite the fact that James wants to be involved? But also James should stop feeling he's "the one who earns less"? Why is none of the conversation about how Geena's lifestyle is totally unrealistic and unaffordable for most people, James included, and if she wants to continue to live extravagantly and include James, she will be paying. I also feel like the investment conversation was a bit off- if 200K/year isn't enough, if you want to own multiple properties abroad and live here and there in retirement... girl! I also strongly disagree with Ramit that James would be screwed without Geena. He'd be fine. He'd wear his old sneaks and get some roommates or move to a cheaper city, and take fewer trips, and not have the pressure to contribute to a lifestyle that's totally beyond his means. I just don't really understand how if you're earning gobs of money, you wouldn't want to alleviate some, if not all, financial pressure from your partner, that you love and cherish? It's not like James is sitting around doing nothing. I feel like he's so busy hearing how everyone else feels, but no one hears how HE feels. If he needs to pitch in more with chores or buying detergent or whatever... ok.. but that's not really about money, other than maybe have a joint household account that you both have freedom to pay for shared stuff with shared money. All in all, this is like the opposite of the episode with the British couple, where one was a youtuber earning millions, if I remember correctly? She wanted her husband to enjoy the lifestyle they could afford, and he felt unworthy despite her constantly reminding him how critical he is to their family's success. Idk, but weird vibes.
@TheSharmamАй бұрын
she was applauded for having that lifestyle!
@YIWOTYАй бұрын
She expects someone making $60,000 and living in NYC to split the cost of multiple business class airline tickets annually. Good on her for breaking the glass ceiling, but I’m not sure her expectations are entirely realistic.
@holamissmusicaАй бұрын
Nah, I didn't hear that at all. I'm hearing a guy who's stuck in a low-earning loop and that's not her fault.
@TonyCox1351Ай бұрын
@@holamissmusicaat fault for what, exactly? There’s no actual need for the guy to earn more money, other than her ego. It’s asking something of him that’s completely unnecessary
@ThePetit1989Ай бұрын
lol it’s funny cos there were a couple with the opposite scenario, and all the commentators were berating him to not make her pay some bills. People are unreasonably hilarious.
@YIWOTYАй бұрын
@@holamissmusica If he told her he planned to earn more when they got together, sure. But we don't know. She also could just be trying to make him into something he's not.
@cognitive-botanical-therapyАй бұрын
@@ThePetit1989your comment makes no sense. There have been several episodes with the opposite scenario. It’s called a strawman argument and it’s honestly a drain on everyone around you when you do this, fyi.
@Wattyb2Ай бұрын
I don’t know what it was about this episode in particular, but I think Ramit really missed the mark on this one. She obviously has some amount of resentment that he doesn’t make more and he obviously has some amount of insecurity around that fact. Seems like they need therapy immediately and I’m surprised that that didn’t get touched on at all in this episode. Not to mention the fact that so much of this practically could be resolved by joining their finances and thinking about it as our money rather than his and hers. That she didn’t get called out for referring to one of his retirement accounts as “little” is also baffling to me. Putting it on him to change his perspective more than her seems entirely unreasonable when she seems to have a much more toxic frame on money in how she discusses “helping him out.”
@Beatsmith2005Ай бұрын
100% agree
@CapycorgАй бұрын
Agree on therapy. I want to hug this guy, I think he needs to step it up at home but NOT financially, more logistically. Ramit does point out why is she the one ordering detergent.
@RyChOr2005Ай бұрын
Also agree here. I had a hard time watching this one because if they have just had combined finances, all of the problems would pretty much fix themselves. That mindset shift to 'our money' would go a really long way.
@Gioli565Ай бұрын
💯 Ramit was way off this episode.
@TheSharmamАй бұрын
i feel a relationship takes a wrong turn when one starts to count how many times they ordered detergent (as per James, she was V mad about it over texts) , it will never be 50/50, which is Ramit's goal in most of the sessions, he is extremely impractical and unemotional (which he has himself admitted) ironically.
@mioszwciso8262Ай бұрын
The dude makes 60k a year, its not like its some awfully little money. If the situation would be opposite, the husband would be just generous to his wife and happy to share the income - or at least it would be expected from him to do it.
@beerkegaardАй бұрын
seriously. women cannot handle making more money than a man, it's ridiculous.
@user-po9ne6tx1cАй бұрын
@@beerkegaard Chile, this is just 1 woman. Y'all so quick to use anecdotal evidence to make claims.
@dantounetoАй бұрын
@@user-po9ne6tx1c To be fair it's not the first time we see this kind of dynamic transpire in the podcast when this situation is presented (i also've been a witness of this IRL for what it matters). I don't know if the generalization is really uncalled for.
@Mav0585Ай бұрын
Oh easily
@chillgamingchannel1283Ай бұрын
@@dantouneto yes haha i have started to notice a trend with these couples where the wife is the type A control freak with the high income and shes "dissatisfied" with the fact that her easy-going, laid back, beta male husband doesn't display the same bull-dog energy towards finances that she has.
@stevemaurer2259Ай бұрын
This entire episode just felt like an advertisement for Ramit’s Earnable program
@TheSharmamАй бұрын
preach!
@RebekahLovesАй бұрын
My heart feels so sad for James :( And bc he wants to keep the peace he takes whatever is thrown at him. This is really so sad. I agree with the comment that they should have done separate CSPs since their finances are separate. Then it would’ve been so clear why James is in the situation he’s in in terms of contributing. I am baffled at these numbers; astonished that a rich partner would let their love be in debt for $1000…. $1000/$600,000 and she won’t help with that for her husband’s sake? Wow my heart feels so low right now watching this.
@nickbegnaudАй бұрын
She should shake the notion that he'll ever make even half what she's making. Some fields have a ceiling and trying to chase money in a creative field takes a huge hit on any work life balance. Hopefully he doesn't feel the need to turn away clients that he may prefer working with that don't have the budgets he'll need with his higher rates
@cmerr2Ай бұрын
Maybe, but if he's only making $60k (and presumably was before they met) what the hell is he doing in Brooklyn? You can choose the job, you can choose the place - but if you want both, the economics should add up and they don't in this case
@nickbegnaudАй бұрын
@@cmerr2 I don't disagree with that. And yeah realistically, James can probably get that number into something more comfortable. If he was living alone it sounds like even he acknowledges that he would need to leave the city, but he doesn't live in a vacuum. They've been married 9 years so I assume they were together even longer. Geena's career took off in that time and if she wanted to upgrade that lifestyle she absolutely should. Again, he can probably get his income up but what's the number they'll both feel good about? James should focus on the idea that he's not just along for the ride. Geena wants him to feel like he belongs in their rich life.
@mrs.quills7061Ай бұрын
Yup, I work as a designer and at most I could probably make 10k more than what he does. But I make what he does now. It is what it is.
@hiddenmutantАй бұрын
@@cmerr2 to be fair, when asked what he would do without Geena, he had the very reasonable answer of "move out of NYC." They clearly live there because she wants to live there.
@dawn6275Ай бұрын
@@cmerr2 a lot of music jobs are in HCOL areas. Brooklyn is a huge hub for music and recording. Making $5k a month as a musician there purely as playing/recording/producing is doing pretty well actually
@philweeks6196Ай бұрын
This isn’t a marriage. They are roommates at best. She doesn’t respect him and he lets it slide. The money is the least of their issues. They need tons of counseling. You missed with this one Ramit
@kinglasher84Ай бұрын
Title could be “Type A marries Artist”
@sikwithinАй бұрын
This isn't a Caleb Hammer YT video.
@queson52Ай бұрын
If a man treated his wife like this woman treats her husband .... people would call it financial abuse. how the eff do they not have a shared credit card, jfc
@mmp495Ай бұрын
Absolutely! This would be a case of financial abuse. Society still has a way to go with this idea.
@jessiecowell3941Ай бұрын
💯
@Kagehime-4Ай бұрын
And the wife would know when they’re out of laundry detergent
@naomidgaАй бұрын
This is total financial and emotional abuse. I saw it right away.
@laundrygoddess4Ай бұрын
That csp is not proportional. She's not paying 10 times as much as he is for joint expenses.
@mmccpl3934Ай бұрын
Did they actually say team work and then laugh in this guy's face who's making a perfectly normal income?
@CapycorgАй бұрын
Speaking as a type A woman married to a more relaxed man - its interesting how we fall in love with creative, fun types who help us relax and then expect them to be more like us. My spouse and I work hard to lean into our strengths, but it's not easy when you have different personalities and ways of doing things.
@AlyssaMartinpageАй бұрын
Agreed! ❤
@IrisP989Ай бұрын
$32,684 a month, no kids and their net worth hasn't even crossed $1M...
@Gioli565Ай бұрын
Yeah ridiculous
@jaydubya9265Ай бұрын
Yep pretty sad after listening further. She has been in the 300k-600k for almost 10 years
@IAmebAdgerАй бұрын
Amazing what trips and hotels can do to your networth
@mikaelaziegler9782Ай бұрын
@@jaydubya9265 she had college and law school debt and then supported a husband who could t work due to visa processes. I wonder what that literally cost her, plus she sent money to her parents so they couldn’t hold it over her that she cost so much to raise. And then add in the expensive trips she likes, makes sense to me
@IrisP989Ай бұрын
@@IAmebAdger We also go on trips as a family with kids sometimes. That doesn't kill our net worth... We are using money that we have responsibly (so no 4 or 5 star hotels, no expensive fancy restaurants, etc.).
@ForeverYoung-fc3eoАй бұрын
This is not a marriage. No teamwork, no shared goals etc.
@ST-wo3uwАй бұрын
She makes $600k and now he can't go on trips with his wife because he has to work so he can make more money? 😢 That's really sad. Can't his wife just be content with less extravagant trips and be happy that she can afford to travel with her husband? This episode was confusing - seems like creating a problem where one doesn't exist.
@alexisballard1459Ай бұрын
Imagine making the average American’s annual salary EVERY MONTH and still carrying around a measley $9k in debt?
@vevetorokАй бұрын
This is pathetic! Imagine your spouse of 9 years makes a fraction of your high income (honest work, no coasting), YOU insist on keeping the finances separate and then: - you resent your spouse for not buying laundry detergent - you keep calling for teamwork, while the spouse wants to be involved, but you won't let them - you keep booking luxury trips your spouse can't afford, you don't include them in the decision making, you pretty much make them go and then you wish they would split the cost I could go on an on. HELLO ?!?! 🤯🤯🤯 To be fair, I love Geena. Her journey has been the most inspirational to me so far. But as far as the her marriage with James goes I think her invisible scripts are running the show big time.
@TheSharmamАй бұрын
and then call it a "surprise" . its so reminds me of the old 90s movies, where the husband would be a rich callous b**tard and then to make up for that give a diamond necklace to his wife and he was the "VILLAIN" of the movie, however, we are applauding women for the same behaviour just because they are breaking glass ceilings? at what cost though? I feel for this guy!
@RaphinaloveАй бұрын
The more I watch the more I feel - when you have a lot of money, the issues you have are RELATIONAL
@Poleeze1Ай бұрын
At 1:00:00, he asked him what will happen if she gets hit by a bus. He said exactly what he would do which I believe he has no problems with. But the host just summed it up to he’ll be in trouble. And that she wouldn’t feel good knowing she left someone that cant take care of himself. This was a bit agonizing to watch
@Gioli565Ай бұрын
Not to mention they are married, she probably has life insurance and at the very least he’ll get their 700k net worth assets
@saeedhossain6099Ай бұрын
his cost basis without her won't be anywhere as high as his cost basis on keeping up with her spending. he's be fine financially, it's not an income problem, it's a spending problem. And that conscience spending plan having nothing in the travel section is very telling.
@Poleeze1Ай бұрын
@@saeedhossain6099 exactly 👍🏾
@stephanieofili9069Ай бұрын
Worst episode. Seemed to be biased towards her. He is a musician and she knew that when she married him. She makes enough money for the both of them. Get a joint account and call it a day. She seems unrealistic and selfish. I am shocked and disappointed with Ramits advice.
@saeedhossain6099Ай бұрын
frankly KZfaq financial channels don't get traction if they don't cater in this manner if they want broad appeal.
@ElliePar421Ай бұрын
Agreed. Worst episode. He was painted as a bad guy. Ugh.
@GinaWatkins-pe7hsАй бұрын
I usually find this show very insightful and helpful, but this episode was a big exception. It honestly felt elitist, and materialistic. A partner does not need to be equal financially. Disappointed of the content and the host this time
@kathleenbowe5165Ай бұрын
I feel like this episode went off the rails and was focused on all the wrong things. Totally lost sight of what will help them achieve their shared Rich Life. They all (Ramit and the couple) seemed to think that teamwork = James making more money and contributing more money. I completely disagree. The idea that he should skip a vacation so he can contribute $4k to the household that month - what??? True teamwork would be thinking about what their goals/Rich Life are and how they can best accomplish them together. James making an extra hundred grand a year accomplishes....a 15% increase in their household income. It's nothing. They should combine their finances and use their amazing combined income to jointly enjoy an amazing life. I also thought Ramit failed to give a proper reality check about their savings rate. Their lack of investments is an EMERGENCY. Geena's comment at the end about owning multiple properties in multiple countries in just underscored her lack of understanding of the amount of assets she would need to be able to afford that lifestyle. They are way off track.
@CapycorgАй бұрын
You're SO right! Best comment 🎉
@Gioli565Ай бұрын
Yeah Ramit completely missed the mark. Way more attention should be paid to why the wife can’t share finances not him skipping vacations and buying cleaning supplies. Ramit usually is pretty good, but this episode was a flop. When one person is very high income he seems to cater to them.
@rossmarymarquez4700Ай бұрын
I agree with what you are saying but this is ONE out of many directions he could have gone. I think he chose to focus the discussion of finding ways to make him more accountable.
@jimgold2550Ай бұрын
@@rossmarymarquez4700 ‘Accountable’ for what though? She knew he was a musician when she married him. He’s doing really, really well to earn 60k. It’s unfair and unrealistic to say, ‘ok time to 3x that fast or you can’t come on holiday’
@saeedhossain6099Ай бұрын
they're not a team though, the interpersonal dynamics is, she owns a team and he's merely a player on her team.
@pejpmАй бұрын
My income was about 8x my wife’s income, and I’d always just transfer money to her whenever. She said it made her feel like a kid who is reliant on me. Once we had kids she stopped working, we combined finances and just share one bank account, and life is significantly easier now. It makes no sense to be married and have this weird ‘mine’ and ‘yours’ mentality. If the guy needs new running shoes, as a member of a household with a $660k income he shouldn’t even have to think twice about that. If the genders were reversed this call and these comments would be totally different.
@milikoshkiАй бұрын
I don't think the comments would be very different? I think most people agree that regardless of gender, it's pretty weird to nickle and dime your spouse (who isn't just sitting around doing nothing), when you're earning a maHOOsive salary that could comfortably cover the household. It reminds me of some eps where the mom is working part time but covering all child-related costs and spending 98% of her income, stressed out of her mind, meanwhile the dad is earning a nice salary and "investing" in his sneaker collection or whatever while telling his wife she could do so much more, lol.
@AlyssaMartinpageАй бұрын
Agreed. Receiving money from your spouse can feel infantilising. Their set up is not empowering right now. It’s wonderful that James said he ended the conversation feeling empowered after discussing different ideas with Geena and Ramit.
@athan4752Ай бұрын
Everyone is equal. A higher income doesn't make you better than another person.
@Beatsmith2005Ай бұрын
The problem is that to some people, it does.
@jimgold2550Ай бұрын
@@Beatsmith2005Yeah, and honestly the way Ramit spoke to the two of them, sounds like he’s one. The guy may be grinding and doing fantastic to make 60k as a musician, that’s no mean feat. Applying yourself that hard in another field could mean many more x the income.
@tedtalksrockАй бұрын
At her level of income, she should hire a household manager. She shouldn’t be fooling around with paper towel purchases.
@CapycorgАй бұрын
Totally agree!
@naomidgaАй бұрын
Or just put stuff on auto-delivery.
@adamp6320Ай бұрын
I make exactly twice as much as my husband; I never resent that at all. I imagine if that went to 10x I'd feel the same way. He contributes the same share of his income as I do (% wise) to the household expenses, he spends and invests, he doesn't want to overspend or get in debt, and he saves for retirement. Money doesn't define our relationship and we enjoy our friends family and travel time.
@Gioli565Ай бұрын
If one person makes way more the percentage they contribute is still unfair. The person with the larger income, especially a $550k a year one, has gobs left over even after paying her percentage.
@user-oh2bl1gh2uАй бұрын
Geena is messing up a good relationship here for some stereotype, share your finances and let him treat you with nice things and surprises from your joint income
@Gioli565Ай бұрын
Amen, they are a lovely couple outside of this glaring inequity and abuse of control.
@waterlilly611Ай бұрын
I hate when high income corporate attorneys complain about their spouses. They have what David Graeber calls a “Bullshit Job”. I think deep down they’re really unfulfilled by their work. Some may even be jealous or resentful that their spouse gets to spend time doing what they’re passionate about. Money is just the surface. These sort of people tend to have deeper than Ramit can’t fix.
@jimgold2550Ай бұрын
I think it’s more of a gender issue. Don’t get the impression she thinks her work is so meaningful, it’s a means to an end. She probably shouldn’t have married an artist if she wanted them to earn 200k.
@naomidgaАй бұрын
Oh wow, I never thought about that. This explains the frequency of those extravagant trips. She's desperately seeking fulfillment.
@MoneyMindsetCoach3Ай бұрын
Why is there debt payments at all? With an income like this?
@TonyCox1351Ай бұрын
Bonkers.
@ChubbyBlumpkinzАй бұрын
I think Ramit was really unfair to James. James is doing fine. Sure he could do more, but tripling his salary over 5 years is a very ambitious goal and it shouldn’t be downplayed. I think there’s much bigger/easier to solve issues here.
@jimgold2550Ай бұрын
Especially as a musician. He’s doing really well to make 60k. Naive to just think you can raise prices 3k in such a competitive environment…
@TheSharmamАй бұрын
lets not forget how out of touch Ramit is with most other professions, but acts like "know it all", his various programs which claim to have gotten many people a bump in salary have such boiler plate techniques which even under grad working in big corp would know wont work! I laugh at his email promotions. No can jsut walk to their boss and be like: oh I made this quatifiable impact and hence I am entitled to 10% raise. IT DOES NOT WORK LIKE THAT! this guy has not worked in real world and needs a reality check and do some research into folks he is interviewing , its tiring to see the same old lables being rehashed: mid west , gender stereotypes etc. Its fair to build a business based on personal finance, but after a while all these finfluencers feel out of touch and repetitive.
@donaldo7656Ай бұрын
I know that she wants him to elevate, but why should he be under so much pressure to earn more when his wife makes over $500,000 a year?
@cmay4242Ай бұрын
It's crazy when one person is a 1% and their partner cant buy running shoes. Not mixing money with this income difference creates a crazy dynamic
@MylesHSGАй бұрын
Im sorry, but if the sex's were swapped around here i feel you would have approached this conversation very differently.
@wfm125mАй бұрын
This marriage is ill. You are married and not in it full. It is more like a friends.
@AnnaFunkАй бұрын
Oh god, I've been in a similar dynamic. I wasn't making 10x more than my ex husband, but I was making 3.5x as much as him, and the issues looked like they were rooted in the money, but I've taken a few years of therapy to realize that it was all about emotional needs going unmet. Geena doesn't need James to make more money-- even if he made $150,000, he's not going to feel equal unless they find a way to bring Geena emotional peace. She's going to have to dig into why she feels the need to be so in control of everything, and he's going to have to step up and give her the confidence to give up some of that control. James throwing himself further into his job isn't going to bring them together, when what she probably actually needs is someone to take the day-to-day burden off of her shoulders.
@divemanredАй бұрын
She’s making 46k a month she should be a multi multi millionaire
@margie5310Ай бұрын
Yes, it’s actually very concerning how little she has saved and invested. She is going to have a drastic decrease in lifestyle at retirement if she doesn’t get into gear with investing.
@aatkinsoАй бұрын
If she wants to retire by 60 they better have 10 million, or change lifestyle.
@namastenadine6690Ай бұрын
Wealth is not how much you make, it’s how much you keep. Those exotic vacations add up 😢
@jotjotzzz5357Ай бұрын
I'm guessing she only started making this much money within the last decade or much less? So I don't think that would be in multi-millions, but maybe a million if invested well.
@adamp6320Ай бұрын
She will be. She's very young and just started making big bucks. Did you miss the part where she is investing 90k a year?
@aprilstiek7430Ай бұрын
Really hated this episode. James was bullied. Btw, If she was hit by a bus, he would get millions in life insurance. Ramit made it sound like James would be in a van down by the river.
@melissaray8921Ай бұрын
This episode really left a bad taste in my mouth. The way Ramit praised Geena and her taste in swanky hotels, etc. felt gross. At least he did say that people making $150K often invest more than she is. He didn't call her out for a lot of things he usually calls out people with disparate incomes for, like keeping $ separate. I agree with other viewers that if the gender roles were reversed, this would have gone a lot differently.
@ccnwokАй бұрын
I agree, he was playing keeping up with the Joneses in his own marriage. Realistically he will not be able to keep up with her lifestyle at that income and he shouldn't feel ashamed by it. It's sad to hear he feels that he's not enough. Either they collectively reduce their lifestyles or she becomes okay with contributing an amount commensurate with her relative income.
@TheTruth-dm8wdАй бұрын
His little 401k 🤦🏻
@CapycorgАй бұрын
Sooo mean
@luciamariarossi4120Ай бұрын
Not everyone can or needs to earn gigantic figures. There is nothing wrong with earning a more modest yet decent salary, it should not be a source of shame. More engagement with the house needs perhaps could help him feel like he is contributing more
@thewriteplaceforme6874Ай бұрын
Sometimes it's small things. My ex-husband thought he had been using the same can of shaving cream for 5 years. Only after we divorced, he noticed that he was running out of shaving cream so quickly (esp. compared to the 5-year can). Only then did he realize all the things I had done for him he never paid attention to. I hope James checks into the partnership and Geena lets him take responsibility for things. That's the partner I think she wants. Not the one who makes the same income.
@Madchris8828Ай бұрын
The funny thing is there is a growing hustle culture group that thinks if you don't make 10k a month plus you are a total brokie 😂
@michaelhatfield5808Ай бұрын
Combining finances would eliminate the feeling of inequality. Not mine and his but OURS. It’s so obvious it hurts.
@tasegomearaАй бұрын
They married each other knowing the financial disparity between them. I don’t see why the guy needs to become a higher earner now. Not everyone values money the same way and that should be okay. He earns enough to support himself and a wife but obviously to a much lower standard than she can provide on her income. Both are compromising something with this dynamic but they love each other and they can make it work.
@davabАй бұрын
If you or your partner is struggling with their job or business, it makes a total sense to just skip the trip and get over the hump as a team. The fact that James talks as if he will stay working while Gina goes on a trip seems to be fundamental flaw. Who does that. Either pay for the trip and don't blame him or you let him work and don't entice him to go on a vacation
@Gioli565Ай бұрын
This was so selfish on the wife’s part. I was floored.
@TheSharmamАй бұрын
and as if that will help him make the income gap! get real, its just punishment for the sake of punishment with no real outcome!
@blurrydog1Ай бұрын
It is illogical to me to do the CSP together when the finances are separate. We need to see how HIS fixed costs are if she expects him to save money separately.
@mirusmundiАй бұрын
Have you looked at a CSP? It literally breaks down the expenses by who covers what. You can get a copy for yourself for free on Ramit’s website.
@pfifltriggАй бұрын
100%. If she's not willing to combine finances, he's putting 50% to fixed spending and the other 50% goes to contributing to their trips because she expects him to live this lavish life with her and contribute to it. He can't save. And she is barely saving either. If they simply combined all their finances she wouldn't have to feel like a sugar momma anymore because it would all be theirs.
@user-uq2ti7tj6kАй бұрын
Agree. I find it so strange that people are like, "let's get married which will tie everything together legally but then keep everything separate." Just don't get married then. How can you say you want to be separate but then set expectations on how the other person saves, or base your retirement on both of you, etc. Pick a lane.
@lowlowseeseeАй бұрын
i hear you but for brevity this was the way. many people forget this is still a show. and most people have never produced a show and little changes add to the logistics and tone of a presentation.
@RyChOr2005Ай бұрын
@@PrincessLolly1 I could be wrong, but it seems like she doesn't combine finances as a way to motivate her husband into making more money so he can contribute more. Seems like textbook financial abuse here.
@Julian-zc9vmАй бұрын
Husband has high income and provides for his wife so they combine bank accounts, he’s called a leader and is praised by his wife and society. But a wife has higher income than her husband and she says she’s being treated like a mom, keeps finances separate, and demands that her husband increases his income.
@Bob-SacamanoАй бұрын
Ain't that the truth.
@Kagehime-4Ай бұрын
He didn’t know the laundry detergent was out, he IS a child
@Julian-zc9vmАй бұрын
@@Kagehime-4 you got me there
@anniepaige2558Ай бұрын
@@Kagehime-4 can’t make judgments on a person based on one piece of information like that. Anyone can miss something silly like that
@kaleyhobbsАй бұрын
I love Ramit and his videos, but yeah, it’s a little hard to relate when most of the couples featured are making $20K-$50K gross per month. It’d be great to see more average household incomes. I think that’s one good thing about Dave Ramsey. It represents the every day person.
@294looАй бұрын
I don’t understand why he has to do more. They’re supposed to be married. I think she is spoilt and has unrealistic expectations. He comes across kind and grounded
@cornellcornell1Ай бұрын
How can you be “spoilt” when you’re self made? Everything she has she’s earned herself. That’s the opposite of being spoiled.
@jwise7777Ай бұрын
When you don't combine your lives and finances this is what you get. It's not my money and your money. It's OUR money! They are not actually even married.
@mmp495Ай бұрын
Exactly! This is a recipe for resentment and possibly divorce. 😮
@lowlowseeseeАй бұрын
im single as fuck but ive seen every podcase episode and my co workers also make this mistake so I second all this lol
@user-cr7jk2uo7mАй бұрын
I don't agree. There is no such thing as our money. My partner would never touch my money. He was already married, had combined money with his wife and that was one of the reasons for the divorce. She spent a lot of their joint funds. When he asked her to not do that, she said it's their money and she can do whatever she wants with it. He made much more than she did. I told him I don't want him to touch my money, I don't touch his. We spend on food and all common things, holidays 50/50 and the rest is ours. I invest, I save, I do my things. If he buys something, it's his, if I buy a designer bag, it's my thing. I don't have to ask. I am not a child to ask someone what I can spend or to discuss what I can spend. I'd hate that. We've been together for years and he's sooo happy, I don't want to combine our money because of bad experiences he had.
@jzminaАй бұрын
People love reinventing the wheel. If you’re not going to combine everything, what’s even the point? That’s a roommate with benefits.
@benchristensen1526Ай бұрын
@@user-cr7jk2uo7m we have a joint account and joint savings goals but the guilt-free gets split 50/50 to our own designated spending accounts!
@swithheld9905Ай бұрын
i think ramit identifies too much with the wife in this example. he's using his entire salary just to keep up with her and her expectations are way too high for him to be able to save enough. sure he should raise his rates, but how about making his contribution proportional to their salaries?
@RB-gq2zyАй бұрын
So 4.5% of her gross goes towards rent and utilities while he pays 34%. Maybe better to use percentage based on each income to determine contributing amounts - 90/10 split seems more fair.
@o0usf0oАй бұрын
Honestly, she should just pay the rent herself… give him some utilities and that’s it.
@johnd3557Ай бұрын
So she wants him to split costs on trips, pay his bills without her help, invest more into his accounts and she is worried about not having enough for investing to retire? This woman is out of her mind I am sorry she is making 10x his salary and spending 10k on a plane tickets and she wants him to split it? Sorry if this was my wife & myself position I would scale back my travel expectations if I wanted her to contribute equally or I wouldn't expect any equal contributions. If she would scale back for just 2 years she could add an extra 500k into the investment account and then she can go back to the lifestyle she wants.
@StevenEdwardsAudioАй бұрын
Not only that, but how does someone even get the time off work to do five trips a year?! And she said one of them recently was for three weeks. Most of us workers in the US get two weeks, or a maximum of three weeks off for the whole year. The fact that she can take that much time away and still make $46k a month is bonkers. And that he can make $60k a year in the music industry while taking that much time off is honestly kind of impressive as well.
@stanleyypoonАй бұрын
My situation is similar. My wife makes for than Geena and I work on the side and do the dad thing. However, since I started my career in Finance, I handle all our families investment and rental real estate. We have everything combined and have the same budgeting app and net worth calculator (Monarch, highly recommend it). The income disparity is not even an issue and we are both working towards financial freedom in 4-6 years when the kids go to college.
@Gioli565Ай бұрын
Amen
@iceman.83Ай бұрын
If roles were switched and the guy was making 10x of what the woman makes and tell about his extravgant spending habits, Ramit would be grilling him.
@vivianparker9842Ай бұрын
Wow. Notmally Im so into IWT episodes and look forward to them all week. It was hard to finish this one. I saw 2 type A individuals pressure and make a kind and sweet person feel bad for being that way. In no moment the husband was asked what is HIS rich life? I got the feeling that he would be happy living a simpler life, taking other types of vacation. He might much rather go camping but has to fit in a lavish lifestyle and fancy trips. Gender roles and no shared finances seem like big issues that needed to be addressed. Yes, the husband could help more with the mental load and household things. But they can obviously afford services and the convenience of paying for that kind of help. The choice of how and where to spend the money seems to be the issue that they dont agree. Husband is accepting a lifestyle that makes his spouse happy but maybe not him. Wife wants him to be in it with her and make more, but maybe has not asked him if that’s the life he wants to live. I hate making assumptions about people, but this episode just left a sour taste in my mouth. I hope this couple can have a conversation about what their rich life is and how they can work together towards that.
@Beatsmith2005Ай бұрын
Excellent comment!
@GinaWatkins-pe7hsАй бұрын
Completely agree
@tigerrx7Ай бұрын
Why is my guy paying rent!!?? He should just be using his money for saving! I only make 3x my spouse and I practically pay all the bills (housing, insurance, utilities, transportation). My spouse just throws all her money in our investment portfolio. Bang bang. She doesn’t have to worry about expense part of life, just wealth-building
@RyChOr2005Ай бұрын
She's keeping a scarcity mindset with him to keep him motivated to bring in more cash (I think), which is just creating a toxic/stressful environment. I feel like they could both be much happier if they combine finances and stop keeping score how each is paying. Not sure if I heard correctly but he was also struggling to pay off a small debt balance, meanwhile living with a household gross income of ~$50k/mo. Wild.
@CapycorgАй бұрын
@@RyChOr2005yep, at the end he says he has $1k of CC debt left and it's stressful. As long as he's not a chronic overspender (sounds like he's not) that's ridiculous
@RugbyReligionAlАй бұрын
This is an awful take. How is he being painted as the "bad guy" here? He makes 60k a year...That's higher than the median income which is something you often use as a barometer. Can't change your tune just because she's earning an income of a 1 percenter. Usually agree with your takes and appreciate your content!
@zerega1985Ай бұрын
I may be old fashion but this approach to marriage seems terrible to me. If she got cancer or became paralyzed she would expect him to stick it out and take care of her so why nickle and dime everything? Just combine finances and call it a day.
@chinazaro.9448Ай бұрын
I don't know what they're both doing in that marriage. They are a bad fit for each other whose goals and desires are vastly different. Seems like they're together simply for the convenience of it. James will ALWAYS feel less than, and he sounds very unhappy. He's only a character in Geena's world. Like many have pointed out, Ramit was not quite on top of this, and was very impressed by Geena's wealth
@dm96177Ай бұрын
If I made 600k a year I would let my husband stay home and be a stay at home dog dad. Having someone to clean, cook, and manage the house full time would be such a blessing and allow me to have a lot more free time.
@stop08itАй бұрын
That’s crazy. Unless he REALLY WANTED to do that, that’s not happening in reality unless you want there to be alot of resentment in your relationship.
@debbielockhart7762Ай бұрын
@@nono99136Maybe she likes his other attributes? I enjoy a man and not for his finances...
@mobypixelАй бұрын
Glad Ramit highlighted the gender role reversal and the need for increased investments. Moving $200k from guilt-free spending for a year into a shared taxable investment account could improve their sense of teamwork and financial independence.
@chaselesser3191Ай бұрын
I think people want to see people with regular income. B/c they want to connect more to the guests. They want to see their struggles and how they manage it so they can do the same. They just want to see their representation.
@dorothyillsonАй бұрын
I love seeing these types of episodes and find it both interesting and insightful. He has plenty of guests who are at much lower incomes too! I think the diversity of situations he has on is part of what makes this show great. Not every episode is for everyone. Just my two cents :)
@dawn6275Ай бұрын
We did see one person in this episode with regular income. It was $h!t upon. Really wished they talked more about what HIS rich life would be. I don't think they came to any sort of discussion on what their JOINT rich life would be, sounds like their ideas might be very separate and that's probably the biggest thing to work on. I don't know if they are really compatible
@branmanforshureАй бұрын
imagine a title "I make 10x my wife's income. Will we ever feel equal?"
@jimgold2550Ай бұрын
If the wife didn’t do anything productive I could see the issue. It’s good for people to be active. But this guy seems to be grinding and he’s actually doing very, very well for a musician.
@anniepaige2558Ай бұрын
I agree. For a wonderfully insightful show… the titles of these episodes are petty/immature/misleading
@JC-sw7dvАй бұрын
Married couples should have joint accts. She is a controller and treats her husband like a child. Her husband makes $60k per year which is a good income. Shes being unrealistic to state she wants him to take care of her… seriously? Maybe she should have married an attorney or doctor? I feel for her husband… she’s destroying his self-esteem and I bet he’s a lovely man! Glad Ramit talked about gender roles and reversal of this income scenario.
@Piano_tabsАй бұрын
Being a full time musician myself… 1) I feel like James must be a beautiful minstrel guitar player, just can see it 😂 2) I wonder if his cultural mindset (not sounding like he’s American) is just less hustle culture and more enjoy life and what you do… $60k is not a bad income, I felt so sad for him being kind of shamed for that number, it felt like Ramit saw himself a lot in Gena and sided with her. 3) it is SO hard to budget as a musician. Our income can change so drastically every month… to put those expectations of a $600k corporate earner on him is so unreasonable. 4) To see both sides, I imagine he’s gotten used to coasting since she does make so much more and I could see that being super frustrating for Gena … but in Nashville, many musicians make around $60k and live a successful stress free life. Seems like they’re both winning at their careers to me, and he shouldn’t need to “step it up” in his career just to keep up with her desires. If he had a roommate I think he could still survive in a big city as a musician on 60k, I have many friends who do, you just don’t live an extravagant lifestyle and it doesn’t seem like he needs that anyways.
@naomidgaАй бұрын
This was hard to watch. I feel like James is in a financially and emotionally abusive relationship, and Ramit just glossed over that. He delved more deeply into everything Geena said, and diagnosed James with things like "scarcity mindset" whenever he said how this huge gap and Geena's extravagant spending for them without first discussing it with him makes him feel. If they communicated about things first, she might see he actually doesn't want these extravagant trips as often as she does, and he might tell her to go ahead without him. But her actions communicate: I'm paying for it, so I'm just gonna book it. Ramit said they're not disrespecting each other, I couldn't disagree more. Making decisions of what someone is going to do, where they're going to go, without their input is so disrespectful. What if he had a gig or opportunity to "earn more" lined up, and she booked a 3 week getaway? Making decisions with no concern for your partner's schedule is so disrespectful. I'm sorry to say this, but I can totally see James running into a woman that makes him feel like a million bucks. She'll probably make a lot less than Geena, but he'll be a lot happier and feel more respected.