83. “I grew up on food stamps. At 24, I’m about to get paid $215,000 per year”
Episode Details
Megan and Nyles are in their twenties and on a great trajectory with their money. She graduates from law school this year—sending her income from $0 to $215,000 overnight. But they’re both haunted by childhoods spent in poverty, leading to toxic scripts and trust issues.
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See moreIn this episode of "I Will Teach You To Be Rich," Ramit Sethi opens by inviting couples who are facing financial challenges and are serious about making changes to apply to be guests on the show. The podcast features Megan and Niles, a couple navigating their way through significant life and financial changes. Megan, who has historically been financially dependent on Niles, is set to start a high-paying job that will make her the higher earner for the first time. The episode delves into Megan's past financial irresponsibility and her lack of trust in her own financial judgment, which led to her deferring control of her earnings to Niles. Megan struggles with her newfound earning power, not feeling ownership of her income and being uncomfortable asking Niles for money. This dynamic is rooted in her growing up in poverty and her family members' financial struggles. A key moment in the episode is the revelation that Niles had her pay 'rent' early in their relationship as a means of saving money on her behalf, due to her financial ineptitude, which has significantly shaped their current financial and interpersonal dynamic. Throughout the conversation, Ramit guides Megan towards advocating for herself and directly communicating about her financial wants and needs with Niles, in order to develop trust and autonomy within their relationship【7†source】.