#524: Ramit Sethi on How Couples Can Talk about Money, Bucket Lists, the $100 Challenge, and More

People tend to have this very, it's a false belief, that one day, when they pay off their debt or, one day, when they make a certain amount of money, they're going to magically change the way they think and act about money. And the fact of the matter is, that doesn't happen.

I can help people with their investments. I can help them change their money psychology. I can often fix their businesses. But if there's one thing I cannot fix, it's cheap. I can't fix cheap people! If you're cheap, I can't help you. I'm sorry.

Everybody teaches us how to save, but nobody teaches us how to spend. Spending is a skill.

People's feelings about how they are doing financially are highly uncorrelated with their actual financial status.

Would you rather end up at 60 with some amount of money, or would you rather end up at 60 with just a little bit less money but a lifetime worth of experience?

There's no shame in spending extravagantly on the things you love. That is the classic way to create your rich life.

Most people don't need a prenup. But... if you're coming in with a pre-existing business or disproportionate amount of wealth, then it's worth talking about it.

By the way, interestingly, the people who I speak to who who are in the most severe debt are veterinarians.

Americans love to do a few things that are completely irrational. They love to think that if they do certain things, it will make them happy, and then they do the exact thing that will make them unhappy.