Don't Let Money Ruin Your Relationship— Instead Follow These Tips from Jason Tartick
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One of the most stressed periods of my life was when I was in credit card, dad, I got to a point where I just knew that I had to get IT under control for my financial future and also for my mental health. We've all hit a point where we've realized ed IT was time to make some serious money moves.

So take control of your finances by using a tim checking account with features like no maintenance fees, fee free overdraft, ed up to two hundred dollars or getting paid up to two days early with direct upon IT learn more at time outcomes slash M M N. When you check out time, you'll see that you can overdraft up to two hundred dollars with no fees. If you're an og listener, you know about my infamous thirty five dollar over draft, a fee that I got from ying, a seven dollar or a lot, and how I am still very fired up about IT.

If I had tried back then, that wouldn't even be a story. Make your false finances a little Greener by working towards french at two goals with trim, open your account in just two minutes at tim docs slash mn, that's tim dot com slash mn time feels like progress. Banging services and debt card provided by the in corp.

Bank N A or stride bank N A members F, D, I C spot me eligibility requirements and overdraft limits apply boosts are available to eligible child members enrolled in spot me and are subject to month limits. Terms and conditions apply. Go to try to come flash disclosures for details. I love hosting on airbnb.

A it's a great way to bring in some extra cash, but i'd totally get that, that, that might sound overwhelming to start or even too complicated if, say, you want to put your summer home in maine on airbed, but you live full time and send friends go and you can go to mean every time you need to change sheet for your guest or something like that. If thoughts like have been holding you back, I have great news for you. Airbnb has launched a co host network, which is a network of high quality local cohoes with airbnb experience that can take care of your home and your guests.

Cohoes can do what you don't have time for, like managing your reservations, messaging your guests, giving support at the property, or even create your listing for you. I always want to link up reserved for my house when i'm traveling for work, but sometimes I just don't around to IT because getting ready to travel always feels like a scream mbl, so I don't end up making time to make my house look, yes, friendly. I guess that's the best way to put IT, but i'm matching with a cold so I can still make that extra cash while also making IT easier on myself.

Find a go host at airbnb, a dog sash host. I'm to call lap on the only financial expert. You don't need a dictionary to understand. It's time for some money. We have.

Money can buy you love.

but is sure can cost you a relationship, because financial conflict is a huge source attention for so many couples. Today I am talking to Jason target, c entrepreneur, host of a top business, and finances pod trading secrets. And yes, he was on the backward, but also he worked in begging for ten years.

So he really know his financial stuff. We talk about money and relationships because he is nee deep in this topic. While writing his latest book, talk money to me, we talk about how not to let money ruin a relationship.

But we go wait deeper. We talk about Jason's experience with being swamp, which companies sees bullish and barriers on, and what elon musk is like at a party. Here's Jason.

I wanted jump into the intersection of love and money. My one of my favorite topics in your latest book, you outline eight questions that people need to ask their partners. I could not agree with you more.

Uh, these questions are always hard. They're always awkward y're, always weird. But you can make them fun and sexy because you're really talking about your hopes, in your dreams, in your goals, in your life together. So how do you start those conversations with couples?

Yeah I mean, anytime I think you you entered the discussion of of money and love, IT becomes like, uh, like where do I even begin? right? But I think in any type of conversation regarding and love, there are so many hard things you have to step into.

And we know that, like all at the end of the day, conflict is as growth trying to happen. And we know that there is so much conflict when IT connects love and money in the statistics out there are wildly alarming about what happens when we don't discuss money in our relationships. And so knowing those statistics, like fifty percent of couples don't feel comfortable even having conversations around money or those that do up conversations. Three horses m say that IT creates material in the relationship that gives us an indicator that we really need to step into at some capacity. And so what I always say is think about money.

like a police and interrogation that the right and it's like.

well, we have spot like think about, you know, when you go out to drink with your friends are bite to eat, like the fun conversations you have about whatever IT is, maybe it's gossip.

Maybe it's current news or what's happening like you could do that with money and the classes example I give someone is like, you know, if you earn or win a certain dollar amount, you get paid that amount today, like fifty thousand and or five hundred thousand, one hundred, you've gotto spend every dollar. How exactly are you spending IT? And just in that answer, I can learn how you prioritize ze money, what your relation should because of money is set to us. So I say introduced fun ways to these conversations because it's hard to step in to the ones that are so fun. But we know we have to do.

We know we have do. What if somebody has like a financial skeleton in their closet? As you know what the stats, financial infidelity is real, which just means like infidelity around money.

So cheating on somebody, uh, infidelity physically can happen, emotionally can happen, IT can happen and financially. So what are some ways, let's say you're the one with the financial skeletons. What are some easy ways to make that confession a little bit more comfortable?

Well, first, in formal, as I think that everybody, everybody has some form of a financial skeleton in our class at some capacity. There are some type of skeleton that needs to be worked done literally from billionaire down. We all have something, so we're all there together.

But the biggest thing is identifying um I think we know we live in the system where we no we don't experience massive pain that IT causes us to actually have to fix things immediately. Another example I was give us like what do you have a cavity or you have a super big pain point you to immediately fix IT. And with finance, like it's not set up, it's a slow grip.

It's a slow bird and some people say like a water financial red flags know you look for in relationships unlike if you have and interacts like, that's great. Let me just see them because we knows statistics. You said that's forty three percent of married and cohabitation couples have one person that are committing at least one person is committing financial infidelity.

So let's see the red flags. Let's understand them. Let's not blame, shame or weaponized. Let's work on ways to improve. Because with in personal finance, with quick, quick solutions, you can see quick results.

You know what we say here at money, we have financial problem you can't fix, is the one you don't admit you have.

There you go the way to solve that that question right there.

So are there any financial deal breakers in your opinion? I think there was a big europe's article where this woman who got out of dead was dating this guy, and he had a bolt load of death that he found out about IT. And he was, like, you, this was a breaker. Not, i'm not here for this. What do you think?

I mean, I did. The problem with that is like, especially someone who is light, like over a hundred million dollars in the banking system is like that's not terrible and in fact, every almost every large company that does revenue of over temple thousand greater needs dead to like that can be an amazing tool to build wealth.

But it's like what kind of death does that person have? The big question is why? And with those behaviors, have they been fixed or they going to continue to repeat?

The big thing I hate about hearing headlines like that is we hear one thing, and we have been trained in the finance world to immediately sume the negative connotation. With that, you know, we hear bad credit and assume all this negativity. There are a lot of people that are more lion dollars, terrible debt or attack, terrible created score.

It's OK to have certain issues. Let's understand up. Let's identify and see if those patterns are going to repeat or can be fixed. That's IT.

That's IT right in my book there was an example we had of someone who going to have a situation that was wildly uh, the example of financial and medals. But if she's making less than her husband, they got married pretty quickly. He said that he'll pay, have the mortgage we have and more well.

And he had believed in that he did see that he made more so her names on the mortgage. They could boat their names on the deed. And then the day they close, the I R S boned the entirety of her home because he had all these bad taxes that were do.

And so I think if we don't have these conversations, if we don't step into him or not doing our due diligence, and guess what, SHE one, through divorce, he was caring his death. He ended up getting happily remarried to a really supportive guy. They together paid off his his debt, the prior husbands.

And i'll live a happy. So that's the thing with finance. IT can be fixed once identified, and we need to get rid of judges.

We had somebody on the show was a different situation, but he was broken up with because he wasn't making as much as his girlfriend at the time um and he wanted to be making more. This feels like a uniquely mail problem and had to own relationships. I think what advice would you give men who are feeling fin secure or like that, actually insecure?

Man, I would say, go to therapy and figure out what the real issue is, right? And we're seeing right, the wage the wage gap is tightening and in my opinion, is one hundred percent going to flip. And this concept is something that needs to be broken into, that needs to be shadow because IT is completely backwards and sand.

To totally agree, there's is something that financially trauma related that leading to these issues. So getting to the core that is, is super, super important. I want to quickly double clink on something you said because our listeners maybe wondering debt is good potentially, and we have talked about this on the show. But just to be clearly what kind of dead you're talking about, you're not talking about a bullet of credit ard that that s good death is bad, that you can use that to know, create more wealth in some capacity. But also IT could be a red flag.

yeah. The correct. I think the the short answer is, is that like good death is any type of debt instrument that is used to hopefully support and appreciating asset of some nature, right? We know historically, real state united states appreciates, right? So a mortgage is clatter lize by the home. And of course it's more a generalized statement. But in general homes, united states, as a macropore cor, appreciate when we like a credit card debt.

Credit card debt is considered a bad form of debt because you are likely acquiring assets that appreciate or have no value, which is why i'm sure all your listings know when you tie the risk associated with any form of debt with an interest rate, you know, credit IT, that's going to be the highest interest date because the bank is taking them so much more inherent risk because there is no collateral for that debt that's being deployed. And so when I talk about good debt, when IT comes to businesses, I am thinking about companies that are buying equipment to continue to grow. I'm talking about companies are buying real state to grow.

Companies are supporting their employees to a line of credit to grow. Companies are using debt to acquire other company is. So there's a lot of forms in which you can use debt as a strategy to acquire appreciating assets. And that is night and day from assets that are bought through through dollars that are spent on experiences or material items that appreciate value .

starts on stuff.

I like IT back back to the money.

what you think couples should do with their bank accounts? Do you think yours, mine and hours something joined a secret account? No secret account.

I think the biggest second finance, like you need full visibility to everything you have, into everything, uh, your partner has, especially if you are married or cohabitation, like one hundred percent pure visibility, and do everything in where IT goes when you have this ability IT absolutely eliminates all grey area. When I think about join accounts and separate accounts, at the end of the day, there is no cookie cutter solution for anything.

Finance IT has to be customized. That's why like some of these conversations could take weeks, months, even years to figure out after like material material due diligence based on everyones circumstances and what their overall profile looks like. That being said, like I think of a good solution, we'll give you a one that I recommended ded my book to talk money to me if you have a fifteen to twenty percent.

Income, uh, within one another. I think putting a joint account and having your own individual accounts are good, creating an amount that you can both contribute to your individual account and then Operating its individual entities as well. But at the end of the day, like net worth, is your baseline for cash inflows and outflows.

And even to go back to that earnings conversation, the amount of people I that have less earnings on their partner but have more well is significant earnings is just one small part of the equation to building your overall that worth. And so that's why another reason to just immediately judit is it's it's just at all. There's nothing intuit about IT.

And you know all of these financial conversations get more complicated. They become like the advanced financial discussions when you have kids, of course, that that you start talking about wills and events, actives and all of those other conversations. So when you start having kids is a whole new cluster of financial al questions.

Former bachelor make vile and his wife I have my notes. I have a baby that's almost four months old. What would advice would you give them about setting their kid up for financial success?

I think I think makes kid is going to be set up quite well for financial success, nick, as had a tonic success. So, uh, any advice I give to anyone that has a newborn is, you know, before that newborn you even comes to this beautiful or have a five twenty nine set up, all the birthdays, all the religious celebrations, uh, all the graduations and everything in between, you know, friends can contribute to a five twenty nine, but you have to have that account set up and IT is the best way to contribute to a child's future as we know time. I'm sure all your listeners are well aware at the impact of time and uh, growth and making money on your money.

And so making sure that you are putting money in a place where you have all your tax incentivizing set up with time moving in your child's direction is huge. And so make sure your consulting with C P. A, make sure you're working with an investment specialist or doing your own due diligence before you decide the investing selections in these five twenty nine plans or wherever IT is that you are saving for your child's future. But it's like anything, just like retirement. The earlier you start.

the Better you will be. A yes, it's time in the market, not time. Ming number, again.

correct. exactly.

Now that are a lot of a lot of reality people i've never seen about, or a real housewife show. So, but I know on the only one in the history of the world, but a lot of real house wife cast members come on the show and talk about financial demophoon money, this mopy. This has been getting a lot of plates. What would you give as advice to reality elements who are dealing with this type of thing?

Yeah, I mean, this is is very pregnant with genee too, right? We're seeing right now that the credit card debt that is being a mass by gene es is higher than any generation before. Obviously, inflation playing an impact on that.

And I think the problem is, like everyone knows, you're trying to keep up with the the Jones is try to keep up with this program, trying to keep up with the court. He ends everything. And the only person at the end of day that your impacting is yourself.

And it's weird that finance a therapy actually connect a lot of ways in one thing I tell people to consider as behavioral base budgeting. So that's the idea of going to look at your last three credit card statements and just pay attention to outlying purchases. You don't have to do itself via others calculator work, just literally scanner and just ask yourself why.

What was the purpose of that purchase? Are you a purple people pleasure? Or are you sit net dinner feeling like you have to pick IT up, you have to buy a drink?

Are you someone that's trying to impress others through your goods or what you're wearing? Or where are you're going and how you're going and what you're doing? And I think through that, you can understand behaviors about yourself.

And the only way that you'll be able to cure those things are by working on yourself. And so you know what example I give us like asked twenty one, i'm going to my credit statements and I just see bar tabs that are expLoring IT and my best. And I like to have a good time, but there's no way I could drink that much.

Well, started to do some therapy with them. And looking at my behaviors, I was struggling with confidence and struggling with identity. I was in the city, I didn't know many people.

And where was that actually impacting me? My wall in my credit, or bill? I throw my credit card down, open a tab and say, drink on me. And so that was actually a me issue.

And I think through our spending, through genes, through try reality stars trying to keep up with other reality stars, it's actually behavioral issues with us that is showing up in our spending. And we can learn a lot about ourselves based on how we're executing transactions um with our money. And once we work on those issues, you'll see a huge impact and return on our wallets.

Now agree. I I mean, I think you probably would suggest actual therapy could be helpful. But what you're saying is do your own sort of D I Y therapy by asking yourself like why what was the purpose .

first exactly holds?

Onto your while, let money we have will be right back. One of the most stressed periods of my life was when I was in credit card, dad, I got to a point where I just knew that I had to get IT under control for my financial future and also for my mental health. We've all hit up point where we've realized IT was time to make some serious money move.

So take control of your finances by using a tim checking account with features like no maintenance fees, fee free overdraft up to two hundred dollars or getting paid up to two days early with direct upon IT learn more at time outcomes slash M M N. When you check out time, you'll see that you can overdraft up to two hundred dollars with no fees if you're in an og listener, you know about my infamous thirty five dollar overdraft, a fee that I got from being a seven dollar a lot, and how i'm still very fired up about IT. If I had tried back then, that wouldn't even be a story.

Make your false finances a little Greener by working toward french at two goals with time. Open your account in just two minutes at tim dcom flash mn, that's tim dot com slash mn time feels like progress. Banging services and debt car bed by the bank corp.

Bank N, A or stride bank N A members. F, D, I, C, spot me eligibility requirements and overdraft limits apply boots are available to eligible child members enrolled in spot me and are to monthly limits. Terms and conditions apply.

Go to try to outcome slash disclosures for details. I love hosting on airbnb. It's a great way to bring in some extra cash. But I totally get that, that, that might sound overwhelming to start or even too complicated if, say, you want to put your summer home in mine on airbnb b, but you live full time and send Frances go and you can go to mean every time you need to train sheet for your guests or something like that, if thought like holding you back, I have great news for you.

Arbi nb has launched a co host network, which is a network of high quality local cohoes with airbnb experience that can take care of your home and your guests. Cohoes can do what you don't have time for, like managing your reservations, messaging your guests, giving support at the property, or even create your listing for you. I always want to line up reserved for my house when i'm traveling for work, but sometimes I just don't get around to IT because getting ready to travel always feels like a scramble, so I don't end up making time to make my house look, yes, friendly.

I guess that's the best way to put IT, but i'm matching with a cohoes so I can still make that extra cash or also making IT easier on myself. Find a go host at airbnb, doc slash host. And now for some more money, we have.

All IT. We are both finance and nurse. I would love to .

place some financial .

games with you if you're financial. S I A split the track on a first state.

never done at you.

H been in debt, in debt.

never been in debt, thought with a .

significant other about money. O max out a credit card.

I have max out a cradle card, and I need .

two other.

I did a little thing. Where is year percent interest story credit card for twenty one months post working full time. So I put my tuition for my M B A, I, my credit or knowing that the cash inflow for my job was coming, but I didn't have to to have interest on my debt like with student loans. But I did maxim my credit ard for that.

I let IT pass. Um do you know you your credit score?

I know I think it's like a fifteen or something like that. So yeah yeah, I think .

that is probably lower than that. I think good. The lot of attractive like seminary, again.

that's I mean, that's incredible. That's increase over. But the impact of of is so significant on your cash outflows and and the entirety of your life, what capital costs you sure.

sure. But also I don't get obsess with having .

a perfect one because I don't a perfect you. Same benefits is everyone in the range of .

good pressure been fightee from a job.

Yeah.

sign a print up.

No, I engage you. agree. And I think .

women should suggest IT. There's something that like, a guys going to make me do IT.

No, like my is I go discuss IT of first IT forced you to step into a second about your state already has a print down four years the laws to create my customized and one for your audience so just assuming based on like this discussion is a very female base post numps are huge, right? Like if you are taker after your marriages for your family and you are putting your career on hold and your earnings and everything else, they can come with the power up if you were working, but you are providing which create such massive value for your family entity is IT is a post stop, can really help protect you. No circumstances to come .

done that very apologize, very mental rent here, the world in .

bigger bin .

verse game.

Disputed to .

charge on the court, disputed to charge on a credit ard.

Not a person.

This one of my favorite too. I had buyers or more some a big purchase.

but .

house, negotiated a race。 Invested in a company that won't being grabbed. Rid the wall street .

journal vessel .

I don't know. One lots a .

book socks I me like, I love IT is there forever and that is brutal.

I'm on my fifth .

one and you birth .

control, I know. Yeah all right. Next game I wanted throw some bizarre headlines your way in the intersection of love, money, and get your take OK lets do IT.

A man went viral after .

asking his death refund. After their unsuccessful first meet up, he paid for her drinks, uh, on the fourth date, and a few days later, he asked her to go to on a second date, and he declined. So in response, he ask her if he could then move him back for their drinks. Was IT fair for him to do that?

No ridi just ridiculous ous. right? Like financial transparency is not adequate.

Like you can go, you don't return something that is like an experience like it's just ridiculous that's you know, I think I hear stories like that and i'm like shaking my head. So no, I I don't stand for that. I think it's absolutely ridiculous.

And I don't think I think it's so important to know that people see headlines like this and and have these conversations because they make for good conversation. But this is not what we're talking about, what we're saying. You need to talk money with the people that you love and feel comfortable about IT, right? This is a key hook is a loose candidate. Uh, I think, um I think it's a good thing that there was an another day agree.

a recent city shows that almost two and three americans believe that spending more on a date will lead to a successful relationship. Should people be thinking about date as an investment?

I don't think it's about the dollar spent on a date. I think IT is about the the time and thought fulness in tension that's applied to IT. And I do see what people would say that if i'm deploying time and resources and effort, I want to think about IT as like I want I wanted to go well, I I, I want them to know that i'm putting something into this so that I see a personal return and happiness. But I don't think that has to do with dollars deployed because I think you could do a lot of creative, intentional, thoughtful of dates um that could actually go a lot further than just money deployed. So I do disagree with that.

I'm sure you have seen a new dating apps score requires users to have a credit score of six, seventy five or above to join. Do you like this idea?

I don't like the the idea of exclusive, right? Because I think you are now excluding people that have a credit score less than which is absolutely dict ous. I do like the idea that an APP like that is probably creating some sort of transparency, right? It's it's allowing people to start thinking about, you know what is a credit score and how is that applied to dating? And let's be open about IT.

So I think that's good. But the idea of excluding people, they have A A yellow or red score, I think is a little silly, especially when you look at the full picture of finance and understand that like you, I credit score is is a piece of the puzzle, but it's not the largest piece, the most important. It's just a piece .

sets up and it's changed.

It's changeable. Like in in ninety days, you create score, can go from a red score or Green score. It's so change.

What about a putting your credit score is score. I think you have to have a certain credit score to join. But there was this viral woman who put her credit, or as one of her, I think, hinch pictures and and got all of these different responses.

What do you think about having credit for res on dating? Apps are using that as a filter. We have more arbitrary filters than credit for.

I don't know. I think I don't think I should be means as I feel like what are you dating apps anyway? Like it's you you're literally just swiping a way to figure out if you wanted go on a date.

Like I don't think that's that's like a permanent thing to decide if you going to go have a cup of coffee, right? I think before you to get married cohabit and continue to move along your relationship, that's super important. But just like putting IT in your profile, I don't know we are you see there is a new club now in new york city, uh, that is opening and to get into the club.

So it's a nightly b right? That was not time about our country covering a night club. And to get into the the club, you have to show a bank account statement with at least fifty thousand dollars cash.

So stupid though because like smart money doesn't have fifty grand in their checking a cow.

right? It's it's not a reflection of your entire world. There's a million reasons why it's just stupid. Uh, so I think i'm a huge ponder financial transparently am a huge proponent getting comfortable with money conversations for education inside clarity things. But there are somebody like toxic means of financial transparent transparency that just do not all connect to anything productivity, that is certainly one of them. A michigan .

woman sued a man for ten thousand dollars after he stood her up on a date, citing extreme emotional distress.

Who who should .

win the last suit?

Well, oh my god, is so stupid. I don't know what connected to that lawsuit. Obviously not have enough information, but just hearing IT IT sounds absolutely ridiculous.

Have you ever been on such a bad take that you wanted to file a lot? You .

definite fair share of bad dates but I A british stress. I mean, again, I don't know the situation like you know give context. But assuming I was just a bad date that wasn't great. I don't know what that means that, that losses would be ign my attorney, but they am .

right. I'm going to throw out some stocks. And I would love if you tell me if you're bullishness or baris on the company for twenty twenty .

four go matter what its trading below is fifty two week I will matter big there .

read IT not a .

fan to read IT think the like from what I remember from the stock last time. The first there I mean to me and read IT. Thank all.

That's the reason enough to be very .

thank all I think the r al on that stack is pretty poor. Less time .

I look into A A F I P of .

that investor. Polish A I all .

the good self, the I in their position.

they are baLanced, healthy. They've ve always been a market leader, will continue to be. I don't think you're going to get you're going to get burned with google if they're not at the forefront of A I like I like video as you know, they will be eventually. But I think there are there are good.

good place to bit in video is scary .

how much the entire world economy is banking on the resource in the information that we get from the stock. But obviously, they're one of the biggest players driving the market, all in deceased or at all time highs. Uh, as a major a contribute is in the video and the victime for people I don't know back home, is like this is a good indicator of where A I is going and all indications showcase that A I is here to stay for the foreseeable future and it's advancing in ways that if you don't advance with IT, you will be behind.

So just even like a small thing you can do today, because that might sound overwhelm, is like just go download of cat GPT or something in a sort I don't know, next email, just like copy and paste email, just a fixed grammar and IT will do IT for you. And now you're starting to embrace A I because, the world's embracing IT。 Countries are embracing the different speeds, uh, and companies are embracing IT.

And if you don't embrace IT, you'll be left line. tesla.

Tesla, I think is a great company, are a good product. I think the leadership is extremely volatile. And as a result of that, I embarrass tesla.

So nice way to say that. I say elan is .

cool bananas. I A party in in apple miami, he was there and I was like, how is that not like, really like that? I was really like, yeah, just fact by his power. Just everything you only see people in your life wall, like you could just see their energy from a distance like down oh my god, IT wasn't there for him. And I just couldn't be like this guy like runs the entire world is in same .

anyway I the rise as they can say the .

is that I just ever know what like like a Steve jobs in that jobs had like a presents where he took over a room and most people at that level, Michael room, was at that party. Michael room is presence. I me, physically very small guy.

His presents is is the size of the roof and with him I was say, huh? I don't know. Anyway, I think .

this is you love IT.

I just think great leadership, innovative, creative, Better around forever when they're fall and they always find a way to come back, they're acquiring the right companies. Another portfolio who luu is done amazing and polish on disney came up, uh, I would touch game stuff for the time poll. IT is is the essence of like gambling and its business born like go to a guest, right? There's massive volatility.

You can have an individual that decides to speak at the first time in three years in the stock is going to move over two hundred x. It's wild to see how how individual investors have massive impact on individual securities. I mean we saw roaring Kitty literally just put out tweet that's IT no words just tweet of video montage es and within forty eight hours institutions loss over two billion dollars um from their shorts.

And I it's just wild to see how retail investors, everyday investors can now come together like the minus can literally unify and kill sharks. That's a willing to see that a big take away investing in game stock even for me though, reads I like reads, but I like public rates. I like reads where there's all information that's available.

There are private rats that are very successful. I have seen private reads in my day have massive issues and a lot of fraud. Um the idea of publicly traded breaks to me is a lot more company bit in my issue with bitcoin is that it's strictly to any economist you speak to, it's strictly just built on speculation.

There isn't much of a utility and there's nothing backing IT other than a limited supply and demand that is fluctuating based on the speculation of IT. Um so there aren't many currencies in this world in which there is literally nothing behind IT but a limited supply and speculation. You look at your united states dollar, there's the united states wind IT. And so for that reason, i'm not very bullish a bitcoin in the long run.

Ah yeah, we had neural eugenia on the show and he said he used to call them shit coins, but that was offensive to manure because manual can be used for a agriculture.

Yeah, I think it's a good place to start as I go. Think about anything when IT comes to money where its pure form of deregulation and every economist that out there that has had dream historical process and providing advice, that is unbias. It's one of the only things they get unified on is that it's strictly just based on momentum and speculation. So before I asked my last question.

I want to circle back to one of the things you said in the never have I ever answers, you said you'd fall in for a scape.

Yes, yeah. I felt there's, I fell for a budgets games. I got a lot Better.

I felt for one scan when I was at a train in europe, and the gentleman told me that, uh, H, I didn't buy a ticket for the train, which didn't have to buy a ticket for. And he had a fake P O, S. system.

And what he said was that you had to pay the for the ticket plus define. And so I was he was kind of those by myself in the top position, in a wear position. And I just, and he had, he had all the right uniform on, and I swept away and he got my credit card information and then also charged me for that, uh, that fee plus ticket when there was no tickets.

So I learned the hard way there. I've also gotten, you know, what was in my early twenty? You know, you yet to read, book a flight, you're in a rush.

I google, you know, american airline customer service didn't do my due diligence on the number. The number was not american airlines. They were faking as other american airlines. And I thought I was rebooking and recharging my flight for a certain dollar among.

Meanwhile, I was actually providing a forge line uh phone number, my cricket information and um I have I i've got Better but you know where there's so many things right now. We're they like how you there's fraud like all there's been fraught on your card. Click this link to just verify IT in the link is a fishing. So I I think in general, the scams, i've gotten so sophisticated and so everyone has to keep an eye out and just do you do diligence before you make phone calls, before you click links, and of course, before you ever provide information. And fortunately, as credit cards, which had a liability protection and all that money was returned, but yeah, crazy stuff.

stuff. But yes, they are so good. So you don't feel, what would you do that again? You think?

No, I will do. No, no, no. I think i'm a good i'm very good at falling on my face. I master the fall on your face and like all areas of life but i've been very good at getting back up in the mere seeing the Bruce and be like, yeah, we're not going to fall like that again. We might fall, but it's not going to be from that way again. So and that's kind of like, right you can back down, get pick back up, but just figure out how to uh, avoid the future fall. So I know I .

think again.

I will fall that way. I will fall on the train. I will fall through the booking in the airlines with the wrong number up.

We under episodes driven by asking our guests for one, many people listening ers can take straight to the bank. What's yours? I know you have a bigger an IT can be anything tips for managing financial issues in your relationship? New investors device for budgeting anything OK I will give .

up on top of mind. It's in the book and IT is about retirement. I think it's so easy to kick the again. I want to tell imaging agency, we work with different celebrities everyday, and I try and teach them some of the the financial war with all of these big checks are common and and IT is so easy for anybody and everybody, regardless of how much income you have to kick the can on retirement. And I think it's really important to put dollars and sense together so people get a picture.

But on average, if you want to retire today, you need to take your annual spend in multiple times around twenty twenty five, right? So let's say you spend one hundred thousand thousand just making a simple equation. You spend one hundred thousand dollars a year, you can need two point five million to retire to live off that for thirty years, assuming the same lifestyle.

And so what I would tell people is if we quickly bring that number down to fifty thousand, you now need one point two five. And so the ideology of what we're spending today does impact how much we need to save tomorrow is critical. So think through that and think through that aggressively and also recognized I A full table in my book.

But this is an example. If you're thirty five years old of a household income of a hundred and fifty k to be on track for retirement, you need three hundred and thirty thousand dollars saved that. If you do at three hundred, thirty thousand are saved up with that income under your household.

In that age, you have to play a little catch up. And so you have to put about twenty one percent of your gross income away to get caught up. Now the longer you wait the morning, have to put away.

And so if you need to wake up call today, just know that the pain tomorrow, or a year or five or ten years is gonna so much more. And the small pain today are planning for your retirement. And the big thing is, think about what goes into a vacation when you go on IT for a week, right? You're planning, you gotta look up restaurant, your hotel, your fleet, there is your packing.

Who's watching the dog is your charity on. That's for a seven day vacation. We, when we retire, is a fifteen hundred plus week vacation. And for some reason we just continue to kick the can. So take some time think about IT plan for IT and what you do today will really help tomorrow.

Money rehab is a production of money news network. I'm your host, nick lap in money rehabs executive producer is Morgan avoid our researcher is Emily homes. Do you need some money rehab? And let's be honest, we all do.

So email is your money questions, money rehab at money news network outcome to potentially have your questions answered on the show or even have a one on one intervention with me and follow us on instagram at money news and tiktok at money news network for exclusive video content. And lastly, thank you so seriously, thank you. Thank you for listening and for investing in yourself, which is the most important investment you can make.