Ramit Sethi, author of 'I Will Teach You to Be Rich,' emphasizes the importance of open financial discussions with partners. He suggests using phrases like 'What is our rich life?' to align on financial goals and create a shared vision. He also recommends establishing a 'money culture' in the home using the phrase 'In our family, we...' to define spending habits and financial values. Regular check-ins and open communication can foster financial harmony and reduce potential conflicts.
Ramit Sethi is a self-made millionaire and author of "I Will Teach You to be Rich" and "Money for Couples."can be awkward or embarrassing if you're not used to it. But having financial conversations with friends, coworkers and even thecan help you learn if you're being paid fairly, how "normal" your financial habits are or how to start investing outside of your 401.
"This is a conversation that you should be having regularly. What is our rich life? What's important to us?" Sethi tells CNBC Make It. You know generally how much you're able to spend "guilt-free" each month and what you're interested in spending it on as a couple. If you decide traveling together is a priority, you may agree to skip dining out so you can put that money toward trips instead.you're spending on things, but rather "an expression of your ideal life in which your money, relationships and leisure time work beautifully," Sethi writes.
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