Latest news with #Ramit
Time of India
7 hours ago
- Business
- Time of India
Millionaire author Ramit Sethi reveals the hardest conversation he ever had was with his wife, and the surprising lesson it taught him
Ramit Sethi , the self-made millionaire behind the bestselling I Will Teach You to Be Rich and host of Netflix's How to Get Rich , has built an empire around personal finance. He's coached countless couples on navigating money, wealth, and relationships. But when it came to one crucial financial conversation in his own life, Sethi found himself at a loss—and sweating. On a candid and emotionally charged episode of his Money for Couples podcast, Ramit sat down with his wife Cassandra to relive what they both agree was the most difficult money conversation they've ever had: negotiating their prenuptial agreement before their 2018 wedding. 'It still makes me sweat just thinking about it,' Ramit admitted. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas In Dubai | Search Ads Get Rates Undo The Conversation That Almost Broke Them The discussion started with calm intentions. Ramit had done his research, asked for advice, and prepared his words. Cassandra, though unfamiliar with prenups, was open to learning more. But as negotiations unfolded, emotions flared. What began as a legal and logical talk about finances quickly became a deeply personal and confusing experience for both. Ramit approached the prenup like a spreadsheet—straightforward, numbers-driven, rational. Cassandra saw it differently. To her, money represented safety, security, and trust. The couple found themselves speaking different emotional languages. You Might Also Like: Nexus author Yuval Noah Harari warns of AI's deeper emotional threat beyond job loss: 'The danger is enormous...' 'I was very confused, very hurt,' Ramit said. 'I wasn't trying to trick anybody. But I wasn't understanding what Cassandra really needed from me in that moment.' How a Single Question Changed Everything Realizing they were hitting a wall, Cassandra suggested therapy. In one pivotal session, a therapist asked a deceptively simple question: 'How do you each view money?' Ramit's answer was immediate: 'Growth.' Cassandra's was 'Safety.' That one-word contrast cracked open a new level of understanding. Cassandra didn't find comfort in financial figures or investment projections—she needed emotional reassurance. And Ramit, despite his money mastery, realized he had completely overlooked the emotional weight his approach carried. You Might Also Like: 'Why do kids even go to school?': Kourtney Kardashian sparks uproar with bold parenting rant on Khloé's podcast 'In retrospect, she wasn't asking me for a spreadsheet,' Ramit reflected. 'She was feeling something. And I should have been listening better, asking more questions.' 'I Need You to Get Better at Money' For Cassandra, Ramit's words during that period stuck: 'I need you to get better at money.' She took it seriously—not out of obligation, but because she wanted to grow. She studied prenups, strengthened her financial literacy , and eventually found confidence in managing money. But Ramit, too, had to evolve. He learned that understanding finances wasn't enough—understanding his partner was even more essential. Seven years later, the Sethis say that emotionally turbulent conversation gave them one of the most powerful lessons of their marriage. You Might Also Like: 'No critical thinking. Even IIT toppers chasing jobs at JP Morgan': Hotmail founder Sabeer Bhatia lashes out at Kota and JEE preparation A Blueprint for Real Wealth in Relationships Today, the couple sees their early financial friction as foundational. Ramit credits Cassandra with teaching him the importance of emotional check-ins. Cassandra says Ramit's belief in abundance and self-trust reshaped her relationship with money. 'It's changed how I relate to people,' Ramit says. 'Not just in finances, but in life.' Their story—raw, real, and refreshingly honest—underscores a larger truth. Even the wealthiest, most financially literate people struggle when love and money intersect. And yet, with communication, humility, and willingness to learn from each other, even the hardest conversations can become the most transformative. So, if you're sweating over that difficult money talk with your partner—take a breath. Even a millionaire had to start somewhere.
Economic Times
7 hours ago
- Business
- Economic Times
Millionaire author Ramit Sethi reveals the hardest conversation he ever had was with his wife, and the surprising lesson it taught him
Ramit Sethi, author of I Will Teach You to Be Rich, opens up about a deeply personal financial challenge—his prenup talks with wife Cassandra. Despite wealth and expertise, the couple faced emotional roadblocks that only therapy helped untangle. (Screenshot: Instgram/Ramit) Ramit Sethi, the self-made millionaire behind the bestselling I Will Teach You to Be Rich and host of Netflix's How to Get Rich , has built an empire around personal finance. He's coached countless couples on navigating money, wealth, and relationships. But when it came to one crucial financial conversation in his own life, Sethi found himself at a loss—and sweating. On a candid and emotionally charged episode of his Money for Couples podcast, Ramit sat down with his wife Cassandra to relive what they both agree was the most difficult money conversation they've ever had: negotiating their prenuptial agreement before their 2018 wedding. 'It still makes me sweat just thinking about it,' Ramit admitted. The discussion started with calm intentions. Ramit had done his research, asked for advice, and prepared his words. Cassandra, though unfamiliar with prenups, was open to learning more. But as negotiations unfolded, emotions flared. What began as a legal and logical talk about finances quickly became a deeply personal and confusing experience for both. Ramit approached the prenup like a spreadsheet—straightforward, numbers-driven, rational. Cassandra saw it differently. To her, money represented safety, security, and trust. The couple found themselves speaking different emotional languages. 'I was very confused, very hurt,' Ramit said. 'I wasn't trying to trick anybody. But I wasn't understanding what Cassandra really needed from me in that moment.' Realizing they were hitting a wall, Cassandra suggested therapy. In one pivotal session, a therapist asked a deceptively simple question: 'How do you each view money?' Ramit's answer was immediate: 'Growth.' Cassandra's was 'Safety.' That one-word contrast cracked open a new level of understanding. Cassandra didn't find comfort in financial figures or investment projections—she needed emotional reassurance. And Ramit, despite his money mastery, realized he had completely overlooked the emotional weight his approach carried. 'In retrospect, she wasn't asking me for a spreadsheet,' Ramit reflected. 'She was feeling something. And I should have been listening better, asking more questions.' For Cassandra, Ramit's words during that period stuck: 'I need you to get better at money.' She took it seriously—not out of obligation, but because she wanted to grow. She studied prenups, strengthened her financial literacy, and eventually found confidence in managing money. But Ramit, too, had to evolve. He learned that understanding finances wasn't enough—understanding his partner was even more essential. Seven years later, the Sethis say that emotionally turbulent conversation gave them one of the most powerful lessons of their marriage. Today, the couple sees their early financial friction as foundational. Ramit credits Cassandra with teaching him the importance of emotional check-ins. Cassandra says Ramit's belief in abundance and self-trust reshaped her relationship with money. 'It's changed how I relate to people,' Ramit says. 'Not just in finances, but in life.' Their story—raw, real, and refreshingly honest—underscores a larger truth. Even the wealthiest, most financially literate people struggle when love and money intersect. And yet, with communication, humility, and willingness to learn from each other, even the hardest conversations can become the most transformative. So, if you're sweating over that difficult money talk with your partner—take a breath. Even a millionaire had to start somewhere.
CNBC
8 hours ago
- Business
- CNBC
Self-made millionaire shares the hardest money conversation he and his wife have ever had: 'I'm sweating thinking about it'
Self-made millionaire, author and TV host Ramit Sethi knows a thing or two about money. He's even published books on how to get rich and how couples can manage their finances together. But his own financial journey hasn't been perfect. He recently sat down with his wife, Cassandra, for a special episode of his Money for Couples podcast where they answered some of the same questions he asks couples every week in an interview with friend Julie Nguyen. The Sethis have been married since 2018, and Ramit has often shared tidbits about their relationship on his podcast and in his books, highlighting some of the strategies they've used to navigate combining finances, earning different incomes, creating shared goals and more. On the podcast, Ramit and Cassandra agreed on the most difficult money conversation they've ever had as a couple: negotiating their prenup before getting married. "I'm sweating thinking about it right now," Ramit said. "[The] first time I brought it up, I remember I had talked to so many people, gotten advice, planned what I was gonna say and I was very nervous about it." Cassandra received the idea of a prenup well, he said, but things went south from there. Many money experts recommend getting a prenuptial agreement, even to those with modest finances. A prenup is a legal contract outlining how a couple wants their finances handled in the event of a divorce. Without one, couples could wind up leaving those decisions — like who gets certain assets or who pays spousal support — up to a judge. Prenups are for everyone, money expert Suze Orman told CNBC Make It in 2020, and individuals should feel comfortable bringing it up with their partner. "If you cannot talk money to the person that you are about to marry, you are doomed for failure because money is going to run through your relationship more than anything else," she said. When Ramit brought up the idea of a prenup up to Cassandra, he had already started his business and written his first book on money. Cassandra didn't know much about them, but was willing to learn. And while they both agreed to get a prenup, their negotiations turned contentious due to differing expectations and understandings of money. Ramit saw the negotiations as strictly financial and tried to let the numbers speak for themselves. Cassandra, on the other hand, was more tapped into the emotional considerations, which Ramit wasn't really thinking about. Ramit tried to make a "generous" offer in his prenup proposal, he said, but Cassandra was more concerned with their relationship and ensuring their feelings and emotions were aligned. "We started going back and forth and I was very confused, very hurt because I'm like, 'I'm not trying to trick anybody here,'" Ramit said. Cassandra eventually suggested the couple sit down with a therapist and talk through their emotions to figure out where things weren't aligning. The therapist asked how they each view money. "That really opened up conversations that we hadn't been able to have because my answer was like, 'growth, of course, look at the compounding.' And her answer was, 'safety,'" Ramit said. Despite the turmoil, the process helped the couple deepen their relationship by revealing not just how they each think about money, but also how they should be communicating those feelings with each other, they said. While Ramit was more focused on the actual numbers, Cassandra didn't have the financial knowledge to get a sense of security from the amounts in their savings and investment accounts. "I'll never forget something Ramit said to me during that time. You were like, 'I really need you to get better at money,'" she said. "I took that very seriously because deep down inside I was like, 'I know I'm not that great at money. I could get better.'" While she worked on learning about prenups and managing money in general, Ramit acknowledged he needed to improve at talking about emotions so he could more clearly communicate where he was coming from and better understand Cassandra's perspective. "In retrospect, you were not asking me to pull out a f------ spreadsheet. You were feeling this," he said. "Looking back, I needed to listen to what you were saying. I should have been asking more questions." Now seven years into their marriage, they still consider what they learned from their prenup negotiations the most valuable lessons they've learned from each other, they said. Cassandra said Ramit's mindset around abundance and trusting your earning power "has been really eye-opening." And Ramit is grateful to have learned from Cassandra the importance of checking in on your feelings and talking about them. "It has really changed the way that I relate to people a lot," he said.
Filipino Times
22-04-2025
- Filipino Times
Discover Filipino weaves and destinations with Cebu Pacific's QR Flight Codes
Picture this: vibrant, intricate patterns and rich colors woven together to represent the daily life, nature, and beliefs of Filipino communities. Each thread is not just a design — it's a story of the Philippines' rich cultural heritage, painstakingly crafted by skilled local artisans. From the north to the south, the Philippines boasts a colorful tapestry of traditional weaves that reflect the soul of every region. Now, Cebu Pacific is offering travelers the chance to explore not only the stunning destinations of the Philippines but also the cultural stories behind these iconic fabrics. All it takes is a simple scan of a QR code, patterned on these weaves, found on billboards, select travel magazines, or at the airport. For Filipinos in the UAE, take pride in spotting it at Deira City Centre Metro station! Through its 'Discover PH: QR Flight Codes' campaign, Cebu Pacific bridges modern technology and age-old traditions. In just one scan, travelers gain access to more than just travel guides — they're invited into the heart of Filipino culture. Here are the five traditional weaves featured in Cebu Pacific's campaign — and the destinations where you can experience these cultural masterpieces in person: 1. Binakol of Ilocos Norte (via Laoag) Binakol is known for its pattern crafted with straight lines, designed to give the illusion of curves and three-dimensionality. The design mimics movement — representing both protection and harmony with nature. Explore Ilocos Norte: Visit the iconic Paoay Church, a UNESCO World Heritage Site recognized for its Baroque architecture Marvel at the Bangui Windmills, the first power-generating windmill farm in Southeast Asia Enjoy local favorites like empanada and bagnet 2. Ramit of Mindoro (via San Jose) Woven by the Mangyan community, Ramit features deep colors and striped patterns that symbolize identity and tradition. It's often worn during rituals and special occasions. Explore Mindoro: Dive into Apo Reef, a UNESCO-protected marine park Visit Mangyan heritage villages for cultural immersion Explore the nature through Mt. Iglit-Baco National Park 3. Patadyong of Antique (via Caticlan) Bold and plaid, the Patadyong is a functional everyday fabric and a symbol of life in the province of Antique. It is often worn by women as a wraparound skirt or shawl. Explore Antique: Bathe in the kawa hot baths of Tibiao Enjoy river tubing in the Bugang River Discover hidden waterfalls and natural springs 4. Hablon of Iloilo Once considered fabric for royalty, Hablon boasts a mix of cotton and silk threads woven into bright, elegant patterns. It's a symbol of Ilonggo pride and resilience. Explore Iloilo: Attend the vibrant Dinagyang Festival held every January Visit the UNESCO-protected Miag-ao Church Savor Ilonggo cuisine like batchoy and pancit molo 5. Tennun of Basilan (via Zamboanga) The Tennun, often associated with Yakan weavers, features vivid colors and complex patterns representing daily life and local folklore. Each design tells a unique story. Explore Zamboanga: Visit the Yakan Weaving Village Take a boat to the pink sands of Sta. Cruz Island Discover Fort Pilar and the colorful vintas Scan, Learn, Fly Running until April 25, 2025, Cebu Pacific has partnered with the Department of Science and Technology – Philippine Textile Research Institute (DOST-PTRI) to bring attention to these incredible textile traditions. The airline was even recognized at the National Textile Convention (TelaCon) for its efforts in turning these weaving patterns into functional QR codes — offering a digital window into the cultural significance and stories behind the textiles. More than promoting flights, Cebu Pacific's campaign champions a movement: supporting regional culture, celebrating Filipino identity, and encouraging pride in one's roots. So the next time you're stuck in traffic and spot a colorful Cebu Pacific ad, don't just scroll past it. Scan the code. Book a flight. Discover the Philippines — and the weaves that make us who we are.
Yahoo
09-04-2025
- Business
- Yahoo
"That's One Of The Worst Financial Decisions You Could Possibly Make": 7 Things A Personal Finance Expert Wants You To Know About The Trump Tariffs
Last week, President Trump announced blanket tariffs on imported goods from over 180 countries around the world. Shortly afterward, panic rippled through the market as stocks plummeted, and economists have been saying that we're now more likely to experience a recession and higher inflation (again, ugh) in 2025. What does this news mean for you and me? Last week, I spoke with an economic analyst about how the tariffs are likely to pan out, and the tl;dr is "not great." So, this week, I reached out to personal finance expert Ramit Sethi to get his advice for surviving a bad economy. Ramit Sethi is the author of I Will Teach You To Be Rich, host of the Money For Couples podcast, and host of the Netflix series How To Get Rich. One of the things I love about Ramit's work is how he emphasizes that a "rich life" isn't about buying status symbols and hoarding wealth. Instead, Ramit talks a lot about how we can use our money as a tool to live more meaningful and enjoyable lives. Lately, he has also been answering viewer questions on Instagram and talking more about how money is inherently political. Here's what we talked about: Ramit said that the tariffs will impact middle-class and poor Americans far more than wealthier people. Ramit Sethi: Tariffs are going to hit the poor and middle class quite dramatically. There is good data showing that on an annual basis, these tariffs will hit the median American household, costing them over $2,500 per year. Trump's tariffs are directly a tax on the poor and middle class. All of this for no reason, so that wealthy people can get a big fat tax cut. These tariffs make no sense for America. Tariffs have very specific surgical uses, but putting a blanket tariff on essentially the entire world, minus, of course, Russia, for very conspicuous reasons, is unprecedented and unexpected, and as a result, the market dropped dramatically. 401(k) balances and retirement worries are dominating headlines, but Ramit cautions against taking drastic action right now, especially if you're still decades away from retirement age. RS: If you are in your 20s, 30s — even 40s — you can reasonably expect that the market will go up some years and it will go down some years, and because you have the ultimate luxury, which is time that allows continued compounding. And what that means is, stop looking at your investment accounts and in general, keep investing consistently. Now, I think this is a really important point because people make very poor life-changing decisions during chaos like this. I saw it happen in 2001, I saw it happen in 2008, I saw it happen in 2020. You can literally cost yourself millions of dollars if you make a panic decision. And the most common type of panic is that people see those charts in the red for one day, one week, one month, and they finally can't take it anymore, and they log in, freak out, and sell everything. That's one of the worst financial decisions you can possibly make in your entire life. That will cost you more than all the coffees, all the vacations, all the unscrupulous 1.5% AUM fees that you will ever pay is selling in a panic. There are so many other ways to protect yourself besides selling. But just to circle back, if you have the benefit of time, historically, the market has recovered and done very well through multiple World Wars, through pandemics, through oil crises. So I will tell everybody, I'm not selling. I plan to be continuing to invest, and if you do the same, it will give you a very good shot at living at a very rich life. he says your number one financial priority right now should be beefing up your emergency fund. RS: I have an aggressive recommendation that I'm making, and that is to focus on assembling a 12-month emergency fund. That's not typical. Most, a lot of financial experts recommend three to six months. I'm recommending 12. The only time, the only other time that I have recommended a 12-month emergency fund was when COVID hit, which should suggest the seriousness of the situation that we are in. Let me explain: Yes, the fact that the market dropped this dramatically in a matter of three days is extremely dangerous. This isn't normal ups and downs of the market. This is one dangerous dictator who, on a whim, decided to wreak havoc across trillions of dollars, and he cost most Americans tens of thousands of dollars in a single day. This isn't a joke. It's not something to be made light of. It's not something that just disappears. The toothpaste is out of the tube, meaning other countries now regard America as an unstable partner. And even if Trump waved his hands and undid the tariffs tomorrow, they would still treat America like an unstable partner because, frankly, we are. So, what does it mean for individual investors? That is why I say a 12-month emergency fund because I see a lot of uncertainty ahead of us. And when there's uncertainty in the market, companies re-branch, they lay people off. That's very dangerous. You do not want to get in a situation where your back is against the financial wall, and you have to make really bad decisions. Those can haunt you for decades. you, like a lot of Americans, don't have much in savings at the moment (much less a fully-stocked emergency fund that could cover your basic living expenses for a full year), Ramit offered a five-step plan for socking away cash. RS: First, I would take a look at my discretionary spending, and I would get serious about tamping down or eliminating most of it. Discretionary spending is the fun stuff. It's stuff like going out, travel, drinks, eating out those kinds of things, and I would immediately redirect that toward savings. Second, I would pause and stretch out expenses as I could. A simple example would be any major plans to move, to buy a major purchase, like a car, home renovation, anything that can be paused. I would pause it and anything that can be stretched out, for example. You know, even if you were able to stretch out, say, regular purchases that you make, for example, let's say, any type of self-care, even if you stretch that out one month over the course of a year, you can save hundreds of dollars. Next, I would consider decreasing [payments toward] any low-interest debt that I am overpaying. For example, if I have a 3% mortgage and I'm paying an extra $200 a month, not anymore, I'm sending that $200 a month straight to my savings account to build that emergency fund up. Number four is, if necessary, I would consider decreasing my 401(k) [contributions] just to get the match. I would really try hard not to eliminate it altogether, but I would consider decreasing it for the time being. And then finally, and I really, really try not to get to this, but it's an option if necessary. If you're aggressively paying high-interest debt, like a credit card debt, I might, in the worst case, consider decreasing the amount I am paying towards that to build up a savings account, but I would try as hard as possible not to get to that level. you're torn between paying off debt and building your savings, Ramit explained that paying it all off could come back to bite you in the ass if you don't also have an emergency fund you can draw on. RS: In America, most people are taught that debt is like a snakebite. You do anything you can to avoid it, and so the way that people think about debt is like they have two pedals in their entire financial life. Pay off debt or not. That's a very simplistic way of looking at the world. There's a different way to look at it. If you have low-interest debt in usual times, mathematically, you can pay the minimum and maybe invest any extra money you have, because you can probably make more investing than you would paying off a 3% mortgage or student loan. But in times like this, when you have people who take who just hate debt, and they pay it off as fast as they can. The problem is, you might end up debt-free, and then you might get laid off the next month, and now you're in a real pickle. You have no money in a savings account, and because you thought you were doing the right thing, "Oh, I'm paying my debt off." Well, you need to build a savings account as well because times are very chaotic, and if you end up getting laid off, you need to have money to survive. make your savings do the most work for you, Ramit advises keeping your emergency fund in a very specific type of savings account that offers higher-than-average interest rates. RS: A high-yield savings account is the place to put it. There are a number of great accounts. Pick a great account, store your money there. The important thing is not agonizing over which account to open. They're all fine. The point is to set your money up to automatically go there every single month. That's the most important thing you can do. And then second is to take a very critical look at your spending right now, eliminate expenses that you can and be sure to redirect that money to savings. Ramit gave his take on one of the most common questions people have been asking him about the tariffs. RS: "What's Trump's plan here?" Oh, God, there is no plan. Trump is a fucking moron who decided on a whim to light a fire through the global economy. There is no economic justification, which is why virtually no economist will back what he did. I will say it's quite hilarious to watch the many people who previously supported him turning a blind eye to deporting legal residents, restricting women's reproductive rights, but suddenly, when their 401(k) goes down, suddenly they're outraged. That's a huge condemnation of the Republican voters. You can follow Ramit on Instagram. What's a piece of financial advice that's helped you get through tough or uncertain economic times? Tell us all about it in the comments!
