63. “How to stop feeling guilty about money—no matter your income”
32:38 Share

Before we start today's show, I have a really exciting announcement that I've been wanting to share for a long time. On January 1st, 2025, I'm releasing a new book called Money for Couples. For the last three years, you've heard me on this podcast speaking to different couples every single Tuesday. I've spoken to over 170 couples on this show about their money psychology, the money messages they heard from their family, the peculiar dynamics that they have around money and where they get stuck.

and how they can get on the same page. Well, behind the scenes, I've been working on the definitive book to help couples get on the same page with money, and that's what I wrote for you. It's coming out January 1st, and in the book, I'm going to share how to talk about money, including the exact words to use, when to talk about it, how to teach your kids about money, even the exact agenda and account setup that my wife and I use in our finances.

I'm going to show the tactics to make instant improvements, like how to set up your accounts to automatically work together and how to assess your financial health.

And finally, you're going to get a deeper understanding of money psychology in your relationship. And you're going to discover why you and your partner see money differently and how to get on the same page. Now, it's one thing to listen to couples or watch couples every single week. I love doing that for you. But it's a whole different thing to be able to have the book and to be able to work through it with your partner. Okay?

I'm so excited to get this book in your hands. You can pre-order it using the link IWT.com slash money for couples and stay tuned for a lot more on this book this year. Again, go to IWT.com slash money for couples to pre-order my new book about getting on the same financial page as your partner.

Um, what the hell is going on on this podcast that like 80% of the people who come on here go through massive screening, fill out applications, they never actually read my book. Is anyone else puzzled by this? Look, a lot of the questions that you ask me about money are answered directly in I Will Teach You To Be Rich. How do you pay off your student loans? How do you automate your finances? Where do you start investing and how do you handle big purchases?

I wrote this book as a six-week program so you can follow along on your own or with a partner. If you want to improve your finances, I recommend you get the I Will Teach You To Be Rich book. It has over 18,000 reviews on Amazon. Get it at iwt.com slash book. I make too much money to not be able to have fun with it. And then a little bit later, I decided to go to the car wash and

It's kind of like a nagging voice.

You know, just always there like, "You shouldn't be buying this. You shouldn't be buying socks right now. You have socks." Like stupid little things like that, you know? You just feel it. There's like another person there where it's like, "Do not enjoy this. You can't enjoy this." Right? Yeah. Even though we set money aside, we just couldn't enjoy it as much as we wanted to.

I don't think I say it out loud. I might mention it after the restaurant. Am I going to go to a restaurant and spend $24 on a salad? It is beyond ridiculous what the markup on a salad is. Do I really want to spend $18 on a burger with cheese and mushrooms or am I going to be happy with a burger at $14 that doesn't have the fixings? I want to be able to pick up the check and feel good about it. I want to be able to

go on vacation and get a massage and not have any guilt, but I don't have any of the tools. Well, I haven't resourced any of the tools yet to break that chain.

A while back, my wife Cass and I took an amazing trip to Mexico. We stayed at one of my favorite hotels and we just loved it. While we were there, I remember we were sitting at dinner and we looked across the table from each other and we said, this would be a great place to come back with our friends. And a few years later, that's exactly what we did.

We invited a group of friends. We had incredible dinners together. We were sitting outside. We laughed all night. And we created these memories that we will all never forget. And we loved being able to see that first trip where we were surrounded by a beautiful beach and water and dreaming about coming back with friends and then making that dream a reality. Now, did it cost a lot? Yes.

But both of these trips encompass the things that are important to us. Relationships, travel, and being inspired by beautiful things around us. We wanted to do it. Now, it's great to hear stories about someone else doing it. But I'm more concerned with how you integrate the important things into your life. If you think of doing something like this, forget about the exact hotel.

but just something like it. What comes to mind for you? Some people will say, oh, that sounds great for you, but that's too expensive. Or some people might think about doing something like this, but feel guilty. And you probably know what I'm going to say. I don't like the idea of restricting yourself from your rich life. And I also don't like the idea of you feeling guilty while you're spending money on things. That's why in today's special edition of the I Will Teach You To Be Rich podcast,

I want to talk to you about how to stop feeling guilty about your money. Talking yourself out of purchases because of guilt or buying something and then still feeling guilty about it is so common among the couples that I've talked to. But that's not the relationship I want you to have with money. And those emotions are keeping you from enjoying your money and thinking bigger about your rich life.

So by the end of this episode, you will have more tools to start feeling good about your money and to start enjoying your life. One of the main tools that we're going to use is this conscious spending plan, which you can download at IWT.com slash episode 63. Go ahead and download that right now so that we can get started together. Now that you've got your CSP and you heard how I approached this vacation at Mexico, I

Let's hear about how past podcast guests Sheena and Peter describe their feelings about paying for experiences like this. I want to be free. Like, I feel like I have this chain around me and I can't live my life because if I buy something nice or I try to do something for our apartment, I just have this voice in the back of my head. It's just kind of like a nagging voice, you know, just always there. Like, you shouldn't be buying this. You

you shouldn't be buying socks right now. You have like stupid little things like that, you know? I get a sense of a lot of guilt following us around with how we spend money. And like, for example, like we just had a staycation in New York and, you know, it was a special that we split and all that stuff and the entire time it's

Even though we were in this nice room and we were holding a room service, I could just feel it. It was like another person there where it's like, do not enjoy this. You can't enjoy this, right? Yeah. Even though we set money aside, we just couldn't enjoy it as much as we wanted to. Yeah, I think, you know, I feel like

I can't get out of the hole because I've been in it so long. I just feel like I can't really enjoy life without feeling bad about it. I feel guilt. That was the example of people who decide to do something special, but even as they are experiencing it, they are feeling guilty. They've got that ghost in the room. And that is not how I want you to live your rich life.

Let's listen to Lindsay and John from episode 31, who also have this in common. She talks about how her guilt was seeded as a child. Like, I want to be able to pick up the check and feel good about it. I want to be able to go on vacation and get a massage and not have any guilt that I'm doing that. I want to be able to...

I don't even know. Pay off his debt and feel proud about that and have set a self are up for a fun retirement where we're traveling and not having that burden of money on our shoulders or something like that. What do you remember about growing up like that? Just like having anxiety and stress about money, you know, and.

guilt and, you know, it was like, it wasn't really a good feeling on vacation because you were stressed about when the bill came to my dad or something that it was like, was it like everybody's, everybody's holding their breath waiting for how dad's going to react when the bill comes. Yeah. Yeah. And not how he was going to react. Cause he wouldn't react, but it was just his energy, you know, it was just sore. I knew that they wanted, like I say, Oh, I want to be able to

do those things. So there's gotta be some real personal, I think a personal growth of me kind of tapping into that and changing that story so it does not replay. But I don't have any of the tools. Well, I haven't resourced any of the tools yet to break that chain. Many of us are carrying around these restrictive beliefs about money.

But the good news is you can rewrite these beliefs. And in order to become confident with your money, you've got to become competent. And the way you start is by knowing your numbers. And that includes knowing how much money you can spend guilt-free.

In my Conscious Spending Plan, there are four categories of where your money goes. The first is fixed costs, then savings, then investments, and finally, guilt-free spending. If you haven't already downloaded it, get it at iwt.com slash episode 63. And start by filling out your income in the first three categories. When you are done, it will automatically calculate your guilt-free spending number.

This is freeing. It shows you exactly how much you can afford to spend guilt-free. So when you go out to the store or you're planning a trip or you're thinking about a car or a candy bar, you know that all the rest of your goals have automatically been taken care of.

Now, interestingly, sometimes it's hard for people to conceptualize what to do with the money that's left over after they've accounted for their fixed cost savings and investments. Listen to Kara and Sean from episode 48 describe what they would do with money left after expenses.

You know how many people's conscious spending plans I see every week? What's fascinating is the categories of spending, especially the ones where people spend way more than they think they do. For example, subscriptions. Let's take a look at some recent numbers on how much people spend on subscriptions. $100 a month on subscriptions. $205 a month. That's from someone spending 76% of their take home each month on fixed costs.

costs. $211 a month, $147 a month, and $487 a month. This is literally thousands of dollars a year, and most of us have forgotten about all the subscriptions we are actually paying for.

Thankfully, this episode's sponsor, Rocket Money, can help you easily find and cancel those unwanted subscriptions. Rocket Money monitors your spending and helps you lower your bills so you can grow your savings. Rocket Money will even try to negotiate lower bills for you by up to 20%. Just submit a picture of your bill

and Rocket Money takes care of the rest. They'll even deal with customer service for you. Rocket Money has over 5 million users and has saved a total of $500 million in canceled subscriptions, saving members up to $740 a year when using all of the app's features. Stop wasting money on things you don't use. Cancel your unwanted subscriptions by going to rocketmoney.com slash Ramit. Give it a shot at rocketmoney.com slash Ramit. That's rocketmoney.com slash Ramit.

My team and I create tons of material every single day. Scripts, voiceovers, emails, all kinds of material that we need to be good and we need it to happen fast. And one of the things we use is Grammarly, especially their new AI tool. For example, every Saturday, we send out my podcast newsletter. I break down an anonymous person's conscious spending plan. And I like going really deep to break down the numbers and show you things you might have missed in your own finances.

Well, guess what? That is a lot of copy. Before, it would take my team a ton of time to work through everything I had written and edit it and make it right for email. Now, Grammarly does it for us in seconds. Grammarly Premium actually gives us suggestions on how to make our writing more impactful for you. It identifies gaps in the writing and shows personalized suggestions to improve the whole thing. And it can even add images like that.

Save time with one click and go from editing drafts in hours to seconds. Get AI writing support that works where you work. Sign up and download for free at grammarly.com slash podcast. That's G-R-A-M-M-A-R-L-Y dot com slash podcast. Easier said done. Say $15,000 more. Where would that money go in this conscious spending plan?

I mean, I would try to plug most of it into the savings and the investments. What else though? Well, I mean, if we're being honest, I think Kara would probably try to talk me into a little more guilt-free spending. Why don't you say that again, but this time don't take a passive role. I'm sure that our guilt-free spending would go up as well. And would you like that? Yeah. Yeah, I would. I think that would bring us a lot more cohesion together. What would you like to do with that guilt-free spending?

I mean, we've been meaning to take a trip to Croatia for forever. That would be cool. I'd love to get back into woodworking. Why don't you just tell her? Okay. Tell her. Kara. Yeah. It would be really cool to go to Croatia with you. Oh. At some point. I miss working with my hands and doing woodworking projects. And honestly, I know it's not an investment opportunity, but if I could sell some of that shit, it's passive income too, out of a hobby. Yeah.

And I would love to take our daughter to a couple of the places that we've been to already. Whatever's the most happy medium of safe child and affordable. How's that feel to hear, Kara? I'm super excited to hear that. That's just like what I've been, you know, wanting to hear from him all these years. I just feel like I have to like pull it out, you know? Yeah. Sean, do you see that? That I'm a little bit of a shithead? Yeah. Yeah.

I wouldn't have put it that way, but I tell you what, it's very attractive to see somebody who has a point of view. Very attractive. And it could be an intimate relationship like the two of you have or just me observing you. I think it's really cool to see you saying, I want to take us to Croatia. It's appealing. And I think that is what Kara has been looking for.

You know, I don't care if somebody wants to live in an RV. I don't care if they want to live in a rural place that I don't want to live in. I don't care. But it's very attractive to see someone saying, this is what I want and I'm going after it. So I think it's awesome what you just said. That's why I do the rich life exercise. That's why we go through the bucket list. That's why we make these things vivid, vivid. I want to go to Croatia and I want to go on this airline seat and I want to eat at this place and I want to have our daughter see this thing.

That's why, because that's what drives us. Not even a conscious spending plan will keep us up at night, but that sunset with my partner drinking a glass of wine, that's what I want to do. It took a little pushing.

But with some work, we were able to find meaningful things that Sean and Kara wanted to spend on, like going to Croatia. They can be confident in spending on this travel because they know, based on their conscious spending plan, all of their other expenses are covered. But maybe travel isn't your thing.

Carolyn and Gavin from episode 46 decided to donate to causes that their kids are passionate about. Just think about the impact that will have on their lives. Listen in. Now you know that each of you has $250 a month for you only spending. So that gets written down right away. And then you have money for the kids. This is where you get to map it out. How much do we want to spend on the kids?

do like giving money away. I mean, it feels great to call up NPR. I would definitely engage them in asking what they want to donate to because my, I mean, especially our eldest, she's an outdoor maniac and she loves the wolves and she, you know, loves the spiders and all that stuff. Yes. Beautiful. Imagine sitting down with the kids and Gavin, you say, you know,

Dad and I were talking and we have decided that we are going to donate every year because it's important for us to give back. Notice I'm telling them why I'm teaching them. I'm connecting money with joy and we want to get you involved. Dad and I have decided on one charity we want to donate to, but we want the three of you to come up with another. What do you think the kids are taking away from this? I mean that, that it's fun to give away money and that it's,

You know, it's an important part of their responsibility. It's something that grownups do. Beautiful. What a meaningful way to use your money. I'm sharing these examples to give you positive role models and to inspire you on how diverse your guilt-free spending can be. But a lot of us don't have those inspirations.

Katie and Sean, for example, from episode 28, really struggled with spending money guilt-free. They described their money as a hoarding mentality, and it was creating tension in their relationship. So one of the tools that I gave them was something called a worry-free number. One of the worst feelings in life is feeling stuck.

You hear it sometimes with podcast couples here. They feel stuck around their money. I felt stuck in my business. I had made a bunch of decisions years ago and I woke up feeling trapped. So after thinking about it, feeling stuck, not sure what to do, I went to a CEO council that I'm a part of and I just laid it out. And after listening to me, they were like, oh, it's so obvious. You need to change this. Move this person over here. Change this resource allocation. Boom.

I wish I had done it years earlier. If you feel stuck in your career and you also wish you had a group of peers who could help you get unstuck,

help you accelerate your career, then I'd like to invite you to check out this episode's sponsor, Sidebar. Sidebar is an exclusive, highly curated leadership program where you can tap into a group of supportive peers, including Fortune 500 executives and innovative startup CEOs. You can get expert advice, new perspectives, and most importantly, raw feedback, which is so rare on how you can get unstuck.

Learn more at sidebar.com slash Ramith.

and join thousands of top senior leaders from companies like Microsoft, Amazon, and Meta who have taken the first step towards accelerating their careers. That's sidebar.com, S-I-D-E-B-A-R.com slash R-A-M-I-T. When I was in my early 20s, I was not into clothes. I wore free t-shirts from tech companies, and I really did not want to seem like I tried too hard.

But I started to realize that clothing is the first thing people see about you. They don't see how nice I am or how much I know about personal finance. They see what I'm wearing. And like it or not, that shapes a lot of how people perceive you.

Now, I take a lot of pride in the clothes I wear. And I love knowing that when I buy something, I'm going to keep it for years and I know that the people who made it were paid well. I actually hired my wife, who runs Next Level Wardrobe, a luxury personal styling company, to style me for my Netflix show and all of my events, including what I wear day to day for more casual outfits.

If you're a professional who wants to dress better, maybe you recently got a promotion, maybe you've gone through body changes, or maybe you're just tired of wearing the same clothes you wore in your 20s, I recommend you check them out. When you hire them to work with you virtually or in person in New York, they'll help you clean your closet, buy the right items with the perfect fit, and they'll help you put together polished outfits you can wear to work.

You'll be able to open your closet every single day and know exactly what to wear for every single event. They'll help you look like an elevated version of you. And they work with professionals of all ages and sizes. I love the convenience. Next Level Wardrobe has over 125 star reviews from happy clients and they've been featured in the Wall Street Journal. Take their free styling quiz at nextlevelwardrobe.com slash Ramit.

Elevate your style using Next Level Wardrobe at nextlevelwardrobe.com slash Ramit. That's nextlevelwardrobe.com slash Ramit. I would like to introduce you to the concept of a worry-free number. A worry-free number is below this number, we're just not going to worry about it. We may not even need to talk to each other about it. Let's just set a few simple rules in this relationship so we can eliminate most of the sources of our conflict.

So for example, if Katie, if you go to the store and you want to buy a pack of gum, are you going to call Sean and ask his permission for that? No, no. It's a worry-free number, one or two bucks. No big deal. What should your worry-free number be in your relationship? I don't know. $300. Sean? 500. Whoa. Why is it 500? I don't have a concern. If you were trying to, wanting to buy something under $500, you'll probably make the right decision. Yeah.

because you are safe. We're safe. We can afford it. And I know that you'll never get to the point where you're going to spend more than we can afford. And I want you to feel like you can enjoy the money we have. Sean, that was one of the best answers I've ever heard. I could not have said that better myself. I love what you just did there. Totally expressive, totally visionary.

I want you to spend on the things you love. You are safe. That was incredible. Katie, what do you take away from that? That he heard me and that he understands how I feel about the feelings that I have around money and not just my feelings, but when he repeats it back to me, it sounds like he understands. Yeah, that was awesome. So we've done a couple of things. We have...

created a worry-free number, $500, which is fantastic. I would like to see you actually take advantage of that, both of you, because your situation is not that you're overspending. No, you're actually underspending. Just a quick note about that worry-free number. Sean and Katie are high earners, so their worry-free number was $500. Your worry-free number will probably be different. It might be $20 or $100.

The amount itself is not as important as you choosing a worry-free number and reminding yourself that anything below that number is something you are not going to worry about. That's the purpose of a worry-free number. It's going to help you build the skill of spending money without feeling guilty. Here's the problem. Lots of people fill out the conscious spending plan and they see how much guilt-free spending they have and then they do nothing about it.

But I think you should use your money to live a rich life today and tomorrow. So how can you start living a rich life today? Well, let's take the $100 challenge. This is a fast, fun exercise that lets you enjoy your rich life right now. It's actually one of the first things I have people do when they join my money coaching program. You can learn about that at iwt.com slash money coaching. But let's just do the exercise right now.

To do this, start by writing down your answers to these questions. What do you love spending money on? And what's the best money you've spent in the last six months? It could be something for convenience. Maybe it's an extra phone charger so you don't have to unplug it from the family room and take it to the other room. Maybe it is a beautiful little blanket. Maybe it's a surprise dinner out. Whatever. Whatever.

I want you to think about that. And I want you to take $100 and create another amazing memory for yourself. Now for Andre from episode 62, it was travel and experiences. Listen in. What's the vision? What do you see the two of you doing? I've wanted to get another like a hot rod, fast car, classic car vision.

Not much more than that. We've talked about getting possibly like a family compound with my parents, investing in something where we both have like two homes on a property or split level on a lake, something where because they're getting older and it'd be nice to have them in our lives and Amy gets along with them really well. So it'd be a good thing.

you know, possibly kids. We are a little bit older, but possibly children in the future. Having the wherewithal to take care of those kids, to be able to take care of the dog without thinking about it, to be able to have a future, you know, I see a lot of travel, like as we get, as we get older and try to get into a position where we can make memories together because we have the things together. We have the house, we have the car, we have the stuff. I have the job. She has the business. We have the life and,

but I want to be able to live with her. I want to be able to enjoy that life and go travel and do the things that I picture somebody that makes the amount of money that we make doing. Alex from episode 44 is ready to take his rich life to the next level. Now it's about sharing it with the people they love. By the way, as you listen to this clip, I want you to notice something. When people start out getting interested in personal finance, their goals are almost always about the what, right?

What do I get to buy? What kind of clothes? What kind of restaurants? And I think that's great. I have no problem. You want to buy something nice? You should. But at the highest level of personal finance, it's almost always about the who. Who do I take with me? So keep that in mind as you go through your own money journey. There's nothing wrong with learning about the what and the how, but at the highest level, I can tell you it is almost always about the why.

One of my money dials is generosity. For example, I love tipping big. I love buying gifts and experiences for my family. And recently, I bought my parents a subscription to Delete Me, this episode's sponsor.

Delete.me is a subscription service that will remove your personal information that's being sold online. If you've ever Googled your name, you'll notice tons of search results with your personal information being shared online. That's not okay. It's not okay for you. It's definitely not okay for your family, including your parents. Now, Delete.me will remove it all. Your name, address, phone number, all of it. It automatically works in the background to scan and delete your personal information

from over 30 data brokers, but they'll do custom requests on over 580 data brokers total.

The thing is, identity theft is a real issue. An estimated 15 million Americans had their identity stolen in 2021. We've had a number of people on this very show who were victims of identity theft. And often it put them into tens of thousands of dollars of credit card debt and it ruined their credit. That's why I find Delete Me so valuable. It's a service that I personally use and I love it.

They reviewed over 4,600 listings for me and removed dozens of pieces of personal information. I knew it would be important to protect my parents too, but I also knew that they probably wouldn't sign up themselves. So I just got it for them. So if generosity is one of your money dials, great. If you care about your parents at all, if you have ever given them a hug, just sign them up. You know they aren't going to do it for themselves, but you also know that they probably need it.

So if you want to get your personal information and the personal information of your loved ones removed from search results on the web, go to joindeleteme.com slash Ramit for 20% off a plan for you or your entire family. That's joindeleteme.com slash Ramit, R-A-M-I-T for 20% off.

Okay, I love coffee and I want to tell you about the system I set up so that I can get all kinds of new coffee regularly. I know there's a few brands of coffee that I love. So I set up a document and in that document, I track the types of coffee I love. Verve, Joe Coffee in New York, and there's a few other brands that I love with the specific roast. But then every single month, I'm hunting looking for new types of coffee.

And so what I'll do is I'll ship myself a couple of new bags of different roasts, different types of coffee from different regions. And then I take a little notation card. I write down what works and what doesn't. Now, if you think I'm a psycho...

What am I going to say? This is my rich life. But I'm sharing this because a lot of us love coffee and a lot of us want to know where to discover new coffee. That's why I am thrilled to introduce you to today's sponsor, Trade Coffee, which is a subscription service that makes it very simple to discover new coffees and to make great coffee at home.

Trade partners with top-rated independent roasters so you can get their best quality coffee sent right to your home. It's all hand-picked by their coffee experts. And maybe you already know what you like. Like for me, I like Verve Coffee. It's one of my favorite brands. It's on Trade's platform. Or maybe you're not sure and you want to experiment. Either way, Trade makes it easy and convenient to discover new coffees and they will send them to your home on your preferred schedule.

So upgrade your morning routine with better coffee. Right now, Trade is offering our audience a free bag of coffee with any subscription at drinktrade.com slash Ramit. That's drinktrade, T-R-A-D-E dot com slash Ramit, R-A-M-I-T, for a free bag of coffee with any subscription purchase. Again, drinktrade.com slash Ramit.

We have a rich life. It's incredible. I mean, we've lived in Oregon. We went to Vancouver when we first met. We've been to India and Mexico. We've done a lot of things that not everybody I know has done. So it's like we figured it out. But now I want to get to this point where it's like,

If my family needs help or we want to have a homestead, we can buy it. And it's not like a big deal. We just have to put in the work. And I know the tools are there. I just have to learn them. So that's the change that I'm making now in my life. Learn about finances, understand the next steps I have to take to really live this rich life and be able to share it with as many people as I can. That's a rich life. Now, how are we going to get there?

Building on that idea of sharing, listen to Michelle and Dan from episode 56 describe their rich life. All right. Who wants to start? What is your rich life? Michelle, what is your rich life? So big things. I want to travel a lot. Months long trips. I would love, we don't currently, but I would love to travel.

see ourselves doing more like luxurious trips, staying in nicer hotels, doing more extravagant outings. I would love to live and work and experience a new city or country for two to three months every year. I want more time to spend with each other and our family, more quality time. I want to be able to be investing and

knowing our money is working for us. And I want to be able to be more generous with my money. Okay. Love it. I'm going to zoom in on a couple of those things. I want to talk about generosity. What does being generous look like? I love to buy gifts for people. And I sometimes feel like I can't do it to the extent that I would like to now. So you have savings goals here of $200 a month for gifts. Yes.

Yes. Do you spend that? Oh yeah. That was based off of what we normally spend per year currently. Very good. I would love that to be like four times as much though. Oh, okay. A money dial. I love that. I suggest moving that down to guilt-free spending because you're spending it. You're not just saving it. You're just spending it. Move that down. That will adjust your numbers for you. And I love that. Beautiful. And what are you going to spend more on? Be specific. What would you pay for? What would you buy?

I would love to bring our family on more trips. Okay. What else? Just like surprise them with things like, you know, our mothers like fresh flowers, just like get them a flower subscription. So every two weeks they have fresh flowers sitting on their table. Love it. These are just a few examples of what a rich life can be, but your rich life is yours should be different than everyone else's. And that's okay.

I would challenge you to choose one area that's important to you. Now, decide how much money you can spend guilt-free on that thing. And if you're not sure how to find that number, use the Conscious Spending Plan. Here's a quick little shortcut. Start with $100. If that's too much, start with $20. Or if you make a ton of money, increase that number to $500. The idea is to splurge a little without hurting your finances. But the real lesson is

is to connect your money with something meaningful in your life. You have to remember that most of us think of money as the source of guilt and overwhelm and restriction.

This little challenge will help you rewire the way that you think and feel about money. Let me give you some ideas. I shared this challenge with a group of students and here's what they did. Sarah said, I went on a date night with my hubby and ordered what I really wanted, not based on price. Claire said, I bought some luxury nail polish, which I've always wanted to buy. Felix, I used Instacart for my groceries this month. I saved about 10 hours of time. It was a little bit more expensive, but it's worth it.

Carrie turned the self-care dial up by booking a 90-minute sensory deprivation salt float. Here's why I love this challenge. I want you to build the muscle of celebrating your wins and living your rich life today and an even richer life tomorrow.

Now, how do you do this? Well, you have options. First, if you just want a conscious spending plan, you can download it from iwt.com slash episode 63. If you want to get my new journal so you can sit down with your favorite cup of coffee and dream about your rich life with my guided prompts, you can get that journal at any bookstore. And finally, if you actually want my help to do this process,

you can join my new money coaching program. You can go to iwt.com slash money coaching to get instant access. And with that program, you're going to get live monthly group coaching sessions hosted by me. And in some of the coming months, we're going to be covering topics like how do I find an extra $100 a month, $500 a month, or $1,000 a month, as well as how do I do my annual Rich Life Review?

You'll also get access to the community, which is a group of people like you and people probably a little bit ahead of you who can help answer your questions and share all of their experiences and favorite accounts and techniques they have used to live a rich life. Sign up today at iwt.com slash money coaching. And thanks for listening to the podcast today. Be sure to tune in next week for my conversation with Connie and Wes. Here's a sneak peek.

The story that I grew up with is in a regular romantic relationship. The man is chivalrous and when the bill comes, that bill is always going to go to the man and he's going to pick it up and pay it. So when we're out at dinner and the check comes and I want to pick it up.

In her mind, it isn't a good financial decision for me. So it's kind of a catch-22 because I'm expected to pick up the check, but at the same time when I do, it's kind of, you shouldn't be doing that because I don't think you can afford it. I often feel like, well, what am I even bringing to the table here? Connie said that our biggest relationship issue was marriage.

The biggest thing holding our relationship back was money. And so with where I am there, it's like, why am I even, sometimes I even ask, why even date somebody with such a huge discrepancy with money? When we talk about money, I have come across as extremely demeaning. And I think part of that has probably made Wes feel a little unworthy of being in this relationship because our balance sheets look different.

Thanks for listening to I Will Teach You To Be Rich. I'm Ramit Sethi. 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.