Calvin feels he needs to be the “man of the house” and pay for everything. There’s just one problem: He can’t afford it. Every month he’s in the red, leading him to be anxious around money.
Chantha likes to spend money on nice things and feels Calvin is too cheap with his money. The two of them feel stuck because of their different views on money. And, to make things even more complicated, Calvin – by conventional definitions – is rich. He and Chanta bring in $250k a year, and based on their savings rate, they’re on track to become multimillionaires.
As you listen, notice their backgrounds. What led Calvin to feel this way about money? What motivates a husband to take on such a burden and how can Chantha and Calvin find a middle ground of comfort where they can build a future together? Pay particularly close attention to our discussion around vacation at the end of the episode.
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159. “How can we raise 3 kids if she only makes $15k?”
158. “We have $2M, why can’t we retire?” (Part 2)
157. “We spent $80,000 more than we made last year” (Part 1)
156. "We have 2 kids, 3 cars...but only 1 month of savings" (Part 2)
155. “We have $22k in cc debt—but I want to renovate the house” (Part 1)
154. “We’re drowning in debt, but I drive a BMW”
153. “We’re married. Why do I have to ask him for money?”
152. “The world is going to end. So why bother investing?”
151. “Our gas is about to get shut off, but I refuse to sell any of my 7 cars”
150. “We’re broke, but I spend $350/mo on clothes” (Part 2)
149. “We have no savings but bought our kid a $500 toy for Christmas” (Part 1)
148. “We have 2 kids and $0 invested, but refuse to get 9-5 jobs”
147. “I don’t trust him with money, so I check his cc accounts”
146. “I'm jealous when I see friends' vacations on Instagram”
145. “Am I a bad mom if we can’t do a $7k Disney trip?”
144. “We make $245K. Why do I have to ask my wife for dinner money?”
143. “I maxed out my credit cards on our $45k wedding. Are we broke?”
142. “We have a $2.3M net worth—but we cut coupons”
141. “We only have $2k in savings but she can’t stop going to the mall”
140. “He put our $1M into one risky investment. Will we lose it all?” (Part 2)
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