{"id":118871,"date":"2024-08-20T13:06:17","date_gmt":"2024-08-20T17:06:17","guid":{"rendered":"https:\/\/www.iwillteachyoutoberich.com\/?p=118871"},"modified":"2026-02-18T15:53:34","modified_gmt":"2026-02-18T19:53:34","slug":"170-noor-jibran","status":"publish","type":"post","link":"https:\/\/www.iwillteachyoutoberich.com\/170-noor-jibran\/","title":{"rendered":"Episode 170. \u201cWe\u2019re worth $1M in our 30s, but we\u2019re missing out on life\u201d"},"content":{"rendered":"<p><iframe title=\"\u201cWe\u2019re worth $1M\u2026 but we\u2019re missing out on life\u201d\" src=\"https:\/\/www.youtube.com\/embed\/tPBttEBM9go\" width=\"100%\" height=\"400\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><iframe style=\"border-radius: 12px;\" src=\"https:\/\/open.spotify.com\/embed\/episode\/0iLShN21SNHBlPnClpt7fu?utm_source=generator\" width=\"100%\" height=\"352\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Noor, 32, and Jibran, 34, join me in our first ever recording in front of a live audience at my Philadelphia event. They make $250,000 in a low cost of living area. Noor wants to finally take a vacation and spend on things that make their life easier. Jibran would rather save, opting to cook and do chores himself.<\/p>\n<p><strong>This episode is brought to you by:<\/strong><\/p>\n<p>Rocket Money | Stop throwing your money away. Cancel unwanted subscriptions \u2013 and manage your expenses the easy way \u2013 by going to\u00a0<strong><a href=\"https:\/\/rocketmoney.com\/ramit\">https:\/\/rocketmoney.com\/ramit<\/a><\/strong>.<\/p>\n<p>Grammarly | Easier said? Done. Save time with one click. Sign up and download for free at\u00a0\u00a0<strong><a href=\"https:\/\/grammarly.com\/ramit\">https:\/\/grammarly.com\/ramit<\/a><\/strong><\/p>\n<p>Shopify | Sign up for a $1 per month trial period at\u00a0<strong><a href=\"https:\/\/shopify.com\/ramit\">https:\/\/shopify.com\/ramit.<\/a><\/strong><\/p>\n<p>DeleteMe | If you want to get your personal information removed from the web, go to\u00a0<strong><a href=\"https:\/\/joindeleteme.com\/ramit\">https:\/\/joindeleteme.com\/ramit<\/a><\/strong>\u00a0for 20% off.<\/p>\n<p>Trust &amp; Will | Secure your assets and protect your loved ones. Get 10% off plus free shipping on your estate plan documents by visiting\u00a0<strong><a href=\"https:\/\/trustandwill.com\/ramit\">https:\/\/trustandwill.com\/ramit<\/a><\/strong><\/p>\n<h2><strong>Links mentioned in this episode<\/strong><\/h2>\n<ul>\n<li><a href=\"https:\/\/iwt.com\/moneyforcouples\">Pre-order my upcoming book: Money for Couples<\/a><\/li>\n<li><a href=\"https:\/\/iwt.com\/tourwaitlist\">Sign up to attend a live event on my book tour<\/a><\/li>\n<\/ul>\n<h2><strong>Show Transcript<\/strong><\/h2>\n<p>[00:00:00]\u00a0<strong>Ramit:<\/strong>\u00a0Today\u2019s conversation is a really special one. It was a conversation that I had live in front of hundreds of people at one of my recent events at the Foundry in Philadelphia. I\u2019ve been doing these live events across the country recently, and on today\u2019s episode you\u2019re going to hear me speak to these guests right from on stage and go into the audience to get their reaction.<\/p>\n<p>[00:00:24]\u00a0Now, I\u2019m going to be doing lots more events like this when I go on tour for my new book, Money for Couples. And you can hear the energy in the room on today\u2019s episode, but I\u2019ll tell you that nothing beats being in the room in person. If you want to know when the book tour is announced and when I\u2019ll be in your city next, grab the link for the waitlist and a link to pre-order Money for Couples in the show notes below.<\/p>\n<p>[00:00:51]\u00a0<strong>Ramit:<\/strong>\u00a0Tonight we\u2019re going to meet a couple, Noor and Jibran.<\/p>\n<p>[00:00:53]\u00a0<strong>Jibran:<\/strong>\u00a0I wasn\u2019t sure what to expect when you\u2019re open like this in front of a large audience.<\/p>\n<p>[00:00:57]\u00a0<strong>Ramit:<\/strong>\u00a0They live in a low cost of living city in the Midwest.<\/p>\n<p>[00:01:00]\u00a0<strong>Noor:<\/strong>\u00a0It felt so natural, and I also felt like he was just rooting for us.<\/p>\n<p>[00:01:04]\u00a0<strong>Ramit:<\/strong>\u00a0And the question they have is, when can they start living their rich life?<\/p>\n<p>[00:01:08]\u00a0<strong>Noor:<\/strong>\u00a0Parenting, working, sometimes I just want life to be easier.<\/p>\n<p>[00:01:12]\u00a0<strong>Jibran:<\/strong>\u00a0It\u2019s hard because when we have these arguments, everything she says is right.<\/p>\n<p>[00:01:15]\u00a0<strong>Ramit:<\/strong>\u00a0Are you giving advice to yourself right now? What\u2019s happening?<\/p>\n<p>[00:01:17]\u00a0<strong>Jibran:<\/strong>\u00a0I also grew up fairly poor. Probably gathered that by now, right?<\/p>\n<p>[00:01:21]\u00a0<strong>Ramit:<\/strong>\u00a0I got that in about seven seconds. I\u2019ll get them up. No need. No need.<\/p>\n<p>[00:01:24]\u00a0<strong>Jibran:<\/strong>\u00a0No need. Yeah.<\/p>\n<p>[00:01:25]\u00a0<strong>Ramit:<\/strong>\u00a0Okay, that\u2019s interesting. Has that happened before?<\/p>\n<p>[00:01:27]\u00a0<strong>Noor:<\/strong>\u00a0That actually happened a few weeks ago.<\/p>\n<p>[00:01:30]\u00a0<strong>Ramit:<\/strong>\u00a0What do you think about that number? Is that a lot? Is that little?<\/p>\n<p>[00:01:32]\u00a0<strong>Jibran:<\/strong><strong>\u00a0<\/strong>This is a trap, by the way.<\/p>\n<p>[00:01:34]\u00a0<strong>Noor:<\/strong>\u00a0We also lived in his parents\u2019 rental, where we paid $500 a month.<\/p>\n<p>[00:01:40]\u00a0<strong>Ramit:<\/strong>\u00a0Let me go ahead and throw you a lifeline. Was that a lot of money back then?<\/p>\n<p>[00:01:45]\u00a0<strong>Noor:<\/strong>\u00a0We could do it.<\/p>\n<p>[00:01:46]\u00a0<strong>Ramit:<\/strong>\u00a0You got to wait till you have $9 million?<\/p>\n<p>[00:01:47]\u00a0<strong>Noor:<\/strong>\u00a0Oh, that\u2019s true. We should.<\/p>\n<p>[00:01:48]\u00a0<strong>Ramit:<\/strong>\u00a0No, do you? I\u2019m asking. You\u2019ve seen me talk with couples and with people on Netflix, on the podcast, and I figured, why don\u2019t we just do it live here tonight. Let\u2019s welcome Noor and Jibran.<\/p>\n<p>[Music Playing]<\/p>\n<p>[Interview]<\/p>\n<p>[00:02:26]\u00a0<strong>Ramit:<\/strong>\u00a0Noor, you wrote, \u201cMy husband always makes it seem like we\u2019re broke and can\u2019t spend. Why can\u2019t we enjoy life a little?\u201d Tell me about that.<\/p>\n<p>[00:02:39]\u00a0<strong>Noor:<\/strong>\u00a0So you say to focus on the big things so we don\u2019t have to think about the lattes and things like that. And I think that we focus on the big things and the little things, but if we focus on the big things, can\u2019t we just enjoy DoorDash sometimes?<\/p>\n<p>[00:02:54]\u00a0<strong>Ramit:<\/strong>\u00a0Noor, I saw the application you sent in, and I heard that you love convenience. Do you spend money on convenience?<\/p>\n<p>[00:03:03]\u00a0<strong>Noor:<\/strong>\u00a0I try to.<\/p>\n<p>[00:03:04]\u00a0<strong>Ramit:<\/strong>\u00a0All right. Like what?<\/p>\n<p>[00:03:06]\u00a0<strong>Noor:<\/strong>\u00a0We have two little kids, so life is very busy right now. And life is really messy. So sometimes I\u2019d like to spend money on like cleaners, or HelloFresh, or just something like that, but he doesn\u2019t share that value, I guess. So I try to spend money on convenience. One time our house was really messy. We had a lot of visitors and stuff, and our kids just throw all the food on the floor. So I\u2019m like, maybe we should just get cleaners. It\u2019d been months. As soon as I said the words, he was in the basement and came up with the mop. So I try to spend money on convenience, but I\u2019m not always successful.<\/p>\n<p>[00:03:46]\u00a0<strong>Ramit:<\/strong>\u00a0And how old are the kids?<\/p>\n<p>[00:03:47]\u00a0<strong>Noor:<\/strong>\u00a0Three and one.<\/p>\n<p>[00:03:49]\u00a0<strong>Ramit:<\/strong>\u00a0Wow. Okay. All right. Do you love cleaning, Jibran?<\/p>\n<p>[00:03:53]\u00a0<strong>Jibran:<\/strong>\u00a0It\u2019s important. You have to have a clean house.<\/p>\n<p>[00:03:56]\u00a0<strong>Ramit:<\/strong>\u00a0Let me ask that question again. Do you love cleaning?<\/p>\n<p>[00:04:01]\u00a0<strong>Jibran:<\/strong>\u00a0I love cleaning some things. I enjoy vacuuming. It\u2019s a nice Sunday afternoon activity.<\/p>\n<p>[00:04:08]\u00a0<strong>Ramit:<\/strong>\u00a0I got you. Okay. All right. Do you have a regular cleaner right now?<\/p>\n<p>[00:04:13]\u00a0<strong>Jibran:<\/strong>\u00a0No.<\/p>\n<p>[00:04:13]\u00a0<strong>Ramit:<\/strong>\u00a0No. Okay. What about travel? Do you like to travel?<\/p>\n<p>[00:04:17]\u00a0<strong>Jibran:<\/strong>\u00a0Mm-hmm.<\/p>\n<p>[00:04:17]\u00a0<strong>Ramit:<\/strong>\u00a0You do.<\/p>\n<p>[00:04:17]\u00a0<strong>Noor:<\/strong>\u00a0Yes.<\/p>\n<p>[00:04:18]\u00a0<strong>Ramit:<\/strong>\u00a0Who likes it more?<\/p>\n<p>[00:04:19]\u00a0<strong>Noor:<\/strong>\u00a0Probably me.<\/p>\n<p>[00:04:20]\u00a0<strong>Ramit:<\/strong>\u00a0Okay. So would you say it\u2019s like pretty frequent that you go and take a trip?<\/p>\n<p>[00:04:24]\u00a0<strong>Noor:<\/strong>\u00a0Up until recently, all of our travel would be either for weddings or to visit my family because they live out of state. So more like leisure vacations we put on the back burner for many years.<\/p>\n<p>[00:04:38]\u00a0<strong>Ramit:<\/strong>\u00a0How many years?<\/p>\n<p>[00:04:41]\u00a0<strong>Jibran:<\/strong>\u00a0Probably the last three, four years, to be honest. When you have a young kid and you\u2019re traveling for family. You\u2019re in that era where a lot of millennials are getting married. So that\u2019s the whole extent of your travel.<\/p>\n<p>[00:04:55]\u00a0<strong>Noor:<\/strong>\u00a0I would disagree. I think that we have put travel in the back burner since we\u2019ve been together since 2016.<\/p>\n<p>[00:05:03]\u00a0<strong>Ramit:<\/strong>\u00a0Why is that?<\/p>\n<p>[00:05:04]\u00a0<strong>Noor:<\/strong>\u00a0Before we had kids, he started an event service company. It was mostly on the weekends when we would travel, and he would see money lost. When he started the company, he was a worker of the company rather than a business owner, which I understand, but he wouldn\u2019t want to turn it off for a weekend or for a week for us to go anywhere because he\u2019s like, oh, then I\u2019ll lose $1,500. I\u2019ll lose $1,000 or whatever.<\/p>\n<p>[00:05:31]\u00a0<strong>Ramit:<\/strong>\u00a0Did you say exactly those words?<\/p>\n<p>[00:05:33]\u00a0<strong>Jibran:<\/strong>\u00a0Something akin to that. Yeah. It\u2019s like, if I\u2019m not there working yet\u2013 in the beginning, when you start a business, you\u2019re working it. So something similar to that.<\/p>\n<p>[00:05:43]\u00a0<strong>Ramit:<\/strong>\u00a0Okay, so you went a few years without traveling. If there were no young children, do you think you would have traveled?<\/p>\n<p>[00:05:49]\u00a0<strong>Noor:<\/strong>\u00a0Well, when we didn\u2019t have young children, he had his event service company. That was his child. So we didn\u2019t travel before that.<\/p>\n<p>[00:05:57]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah. So it was the business, and then we got married in COVID and had kids. So there was just the stack up of excuses, if you will.<\/p>\n<p>[00:06:06]\u00a0<strong>Ramit:<\/strong>\u00a0If Noor said to you, Jibran, hey, let\u2019s go eat out, what would you say?<\/p>\n<p>[00:06:14]\u00a0<strong>Jibran:<\/strong>\u00a0Maybe. Sure. I\u2019d say sure. We don\u2019t go out a ton. You don\u2019t ask to go out a ton, but yeah, we do every now and then.<\/p>\n<p>[00:06:29]\u00a0<strong>Ramit:<\/strong>\u00a0What\u2019s not being said right now?<\/p>\n<p>[00:06:31]\u00a0<strong>Jibran:<\/strong>\u00a0Nothing. I don\u2019t know.<\/p>\n<p>[00:06:32]\u00a0<strong>Ramit:<\/strong>\u00a0What the hell\u2019s going on here? Am I the only one?<\/p>\n<p>[00:06:34]\u00a0<strong>Jibran:<\/strong>\u00a0We don\u2019t go out to eat that much.<\/p>\n<p>[00:06:37]\u00a0<strong>Ramit:<\/strong>\u00a0Because it\u2019s not important to you or health reasons?<\/p>\n<p>[00:06:39]\u00a0<strong>Jibran:<\/strong>\u00a0I\u2019ll let her answer. It\u2019s not important to me. I enjoy cooking at home. All we ever buy is fresh vegetables and produce, meats, and cook 80% of our meals.<\/p>\n<p>[00:06:49]\u00a0<strong>Ramit:<\/strong>\u00a0So if she\u2019s like, let\u2019s go to have Thai food, you\u2019re going to be like, hold on. I have a papaya in the kitchen right now. You start chopping.<\/p>\n<p>[00:06:57]\u00a0<strong>Noor:<\/strong>\u00a0That actually happened a few weeks ago with a bell pepper.<\/p>\n<p>[Narration]<\/p>\n<p>[00:07:02]\u00a0<strong>Ramit:<\/strong>\u00a0You can already tell that these live-audience sessions bring a totally different energy to the conversation. I\u2019d love for you to be at my next event, so make sure you get on the wait list using the link in the show notes below. The people in the audience can see tiny differences in body language and facial expressions.<\/p>\n<p>[00:07:20]\u00a0They can also sense when the energy changes, so they can catch on to little funny gestures or contradictions. Some early clues that I noticed with them, she wants to hire a cleaner. He grabs a mop from the basement. They haven\u2019t traveled much because of their young children, but when I asked if they traveled before they had kids, they had another reason they didn\u2019t. And finally, she wants to eat out sometimes, but he grabs a bell pepper from the fridge.<\/p>\n<p>[Interview]<\/p>\n<p>[00:07:47]\u00a0<strong>Noor:<\/strong>\u00a0Our son plays soccer every Wednesday, and my in laws come and cheer him on, and they come over for dinner after. And I\u2019m like, we don\u2019t have any dinner cooked. Let\u2019s just DoorDash something. And I actually wanted to DoorDash Thai food. And he was like, no, no, no, I got it. And so he cut up a bell pepper and then Trader Joe\u2019s sausage. And we had rice. I was like, this is so sad.<\/p>\n<p>[00:08:08]\u00a0<strong>Ramit:<\/strong>\u00a0That\u2019s a balanced meal, first of all.<\/p>\n<p>[00:08:10]\u00a0<strong>Jibran:<\/strong>\u00a0I\u2019m sure there\u2019s more than that.<\/p>\n<p>[00:08:10]\u00a0<strong>Noor:<\/strong>\u00a0It was, yeah.<\/p>\n<p>[00:08:11]\u00a0<strong>Ramit:<\/strong>\u00a0I appreciate the macros on that. But aside from that, this is a common thing. She asks you, let\u2019s do X, and you\u2019re like, I got it.<\/p>\n<p>[00:08:21]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah, that is indeed a common thing.<\/p>\n<p>[00:08:24]\u00a0<strong>Ramit:<\/strong>\u00a0Jibran, how much money do you make as a household?<\/p>\n<p>[00:08:28]\u00a0<strong>Jibran:<\/strong>\u00a0I don\u2019t know, 250 annually or something like that. 260, somewhere in that range.<\/p>\n<p>[00:08:32]\u00a0<strong>Ramit:<\/strong>\u00a0Is that right?<\/p>\n<p>[00:08:32]\u00a0<strong>Noor:<\/strong>\u00a0Yeah, something like that.<\/p>\n<p>[00:08:33]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah, I forget how much we put\u2013<\/p>\n<p>[00:08:33]\u00a0<strong>Ramit:<\/strong>\u00a0All right. First of all, nice. Amazing. So in your early 30s, it\u2019s $250,000 a year and you live in a low cost of living city.<\/p>\n<p>[00:08:46]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah.<\/p>\n<p>[00:08:46]\u00a0<strong>Noor:<\/strong>\u00a0We had two kids. I work from home, so we were able to keep them home from childcare for 10 months for each of them. And I calculated. It saved almost $30,000 between the two kids, but yet we still can\u2019t DoorDash or get cleaners. And I\u2019m like, ah. Parenting, working, sometimes I just want life to be easier. I want to sit down and watch Netflix. I want to have somebody else deep clean the house, things like that.<\/p>\n<p>[00:09:12]\u00a0<strong>Ramit:<\/strong>\u00a0Yeah.<\/p>\n<p>[00:09:12]\u00a0<strong>Noor:<\/strong>\u00a0Whereas he does not lose stamina and is so laser focused on the long-term goal, which I don\u2019t even know what that is because he doesn\u2019t want to retire early. He loves working. So I\u2019m like, what are we doing this for?<\/p>\n<p>[Narration]<\/p>\n<p>[00:09:26]\u00a0<strong>Ramit:<\/strong>\u00a0We\u2019ll be right back. Now back to the show.<\/p>\n<p>[Interview]<\/p>\n<p>[00:09:30]\u00a0<strong>Ramit:<\/strong>\u00a0Jibran, are you a machine?<\/p>\n<p>[00:09:33]\u00a0<strong>Jibran:<\/strong>\u00a0At times.<\/p>\n<p>[00:09:34]\u00a0<strong>Ramit:<\/strong>\u00a0You remind me of me.<\/p>\n<p>[00:09:35]\u00a0<strong>Jibran:<\/strong>\u00a0At times, yeah.<\/p>\n<p>[00:09:36]\u00a0<strong>Ramit:<\/strong>\u00a0I can just work through it. What\u2019s the problem? I\u2019ll just grind it out.<\/p>\n<p>[00:09:39]\u00a0<strong>Jibran:<\/strong>\u00a0Do it, yeah.<\/p>\n<p>[00:09:40]\u00a0<strong>Ramit:<\/strong>\u00a0Okay, all right.<\/p>\n<p>[Narration]<\/p>\n<p>[00:09:41]\u00a0<strong>Ramit:<\/strong>\u00a0I don\u2019t think most people have truly seen a machine at work. I had a friend who would literally sit at his desk and work on his electrical engineering problem set for eight to 10 hours straight, just literally sitting there working.<\/p>\n<p>[00:09:55]\u00a0We would call him catatonic. We called him a machine. He just shrugged. He later became an investment banker working over 90 hours a week and literally sleeping with his BlackBerry on his chest. Now, I share this because an identity of being a machine or being able to grind it out or power through it, that\u2019s a recurring pattern on this show. It works for a while, but ultimately, the idea that you can just simply grind it out eventually causes problems.<\/p>\n<p>[Interview]<\/p>\n<p>[00:10:23]\u00a0<strong>Noor:<\/strong>\u00a0And also he didn\u2019t feel it because he was still working from our house. His life wasn\u2019t interrupted or as tiring as mine.<\/p>\n<p>[00:10:31]\u00a0<strong>Ramit:<\/strong>\u00a0Because of childcare?<\/p>\n<p>[00:10:32]\u00a0<strong>Noor:<\/strong>\u00a0Yeah. And nursing throughout the night and then signing on at night to work. He was scrolling and I was writing reports.<\/p>\n<p>[00:10:39]\u00a0<strong>Ramit:<\/strong>\u00a0You said we can\u2019t order DoorDash. Can you?<\/p>\n<p>[00:10:45]\u00a0<strong>Noor:<\/strong>\u00a0I think so, but I think it\u2019s hard for me to do something without\u2013 and maybe that\u2019s a me thing\u2013\u00a0feeling like he\u2019s like, yeah, let\u2019s do it.<\/p>\n<p>[00:10:54]\u00a0<strong>Ramit:<\/strong>\u00a0You could open up your phone, click the Thai thing. What would happen if you did that?<\/p>\n<p>[00:11:00]\u00a0<strong>Noor:<\/strong>\u00a0I think I\u2019d feel guilty if he wasn\u2019t on board, even for something that\u2019s 40 bucks. I don\u2019t know.<\/p>\n<p>[00:11:06]\u00a0<strong>Ramit:<\/strong>\u00a0On board means what?<\/p>\n<p>[00:11:07]\u00a0<strong>Noor:<\/strong>\u00a0Like, yeah, get the DoorDash.<\/p>\n<p>[00:11:09]\u00a0<strong>Ramit:<\/strong>\u00a0Okay, like enthusiastic response.<\/p>\n<p>[00:11:11]\u00a0<strong>Jibran:<\/strong>\u00a0Enthusiastic, yeah.<\/p>\n<p>[00:11:11]\u00a0<strong>Noor:<\/strong>\u00a0Yes, yes.<\/p>\n<p>[00:11:12]\u00a0<strong>Ramit:<\/strong>\u00a0Okay, what do you think about that, Jibran?<\/p>\n<p>[00:11:14]\u00a0<strong>Jibran:<\/strong>\u00a0I think that\u2019s fair. Even if I was like, sure, order Thai, she\u2019d be like, do you really want to order Thai?<\/p>\n<p>[00:11:20]\u00a0<strong>Ramit:<\/strong>\u00a0Wait a minute, what?<\/p>\n<p>[00:11:21]\u00a0<strong>Jibran:<\/strong>\u00a0I\u2019d be like, what do you mean? I said, yes, just order Thai.<\/p>\n<p>[00:11:25]\u00a0<strong>Ramit:<\/strong>\u00a0Okay, that\u2019s interesting. Has that happened before?<\/p>\n<p>[00:11:27]\u00a0<strong>Jibran:<\/strong>\u00a0I\u2019m sure. I\u2019m sure it has. Yeah.<\/p>\n<p>[00:11:30]\u00a0<strong>Ramit:<\/strong>\u00a0Fair?<\/p>\n<p>[00:11:30]\u00a0<strong>Noor:<\/strong>\u00a0Yeah.<\/p>\n<p>[00:11:30]\u00a0<strong>Jibran:<\/strong>\u00a0I\u2019m sure it has.<\/p>\n<p>[00:11:31]\u00a0<strong>Ramit:<\/strong>\u00a0Where he said, like, go for it, and you were like, mm.<\/p>\n<p>[00:11:34]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah.<\/p>\n<p>[00:11:35]\u00a0<strong>Noor:<\/strong>\u00a0Yeah.<\/p>\n<p>[00:11:35]\u00a0<strong>Ramit:<\/strong>\u00a0What is that? What do you think that dynamic is between the two of you?<\/p>\n<p>[00:11:38]\u00a0<strong>Jibran:<\/strong>\u00a0In the moment, I may be saying yes, but she knows ultimately who I am, and so she\u2019s holding back there.<\/p>\n<p>[00:11:45]\u00a0<strong>Ramit:<\/strong>\u00a0Mm. What do you think, Noor?<\/p>\n<p>[00:11:48]\u00a0<strong>Noor:<\/strong>\u00a0I think that\u2019s true.<\/p>\n<p>[00:11:50]\u00a0<strong>Jibran:<\/strong>\u00a0Well, I also grew up fairly poor, so it was always like fix things around the house, save money. You probably gathered that by now.<\/p>\n<p>[00:11:58]\u00a0<strong>Ramit:<\/strong>\u00a0I got that in about seven seconds.<\/p>\n<p>[00:12:00]\u00a0<strong>Jibran:<\/strong>\u00a0It\u2019s very, very ingrained.<\/p>\n<p>[00:12:03]\u00a0<strong>Ramit:<\/strong>\u00a0I\u2019ll get them up. No need. No need.<\/p>\n<p>[00:12:04]\u00a0<strong>Jibran:<\/strong>\u00a0No need. Yeah.<\/p>\n<p>[00:12:07]\u00a0<strong>Ramit:<\/strong>\u00a0Okay. So you grew up fairly poor?<\/p>\n<p>[00:12:09]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah.<\/p>\n<p>[00:12:10]\u00a0<strong>Ramit:<\/strong>\u00a0Did your parents immigrate here?<\/p>\n<p>[00:12:11]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah, my dad did.<\/p>\n<p>[00:12:12]\u00a0<strong>Ramit:<\/strong>\u00a0What do you remember about your dad in particular?<\/p>\n<p>[00:12:16]\u00a0<strong>Jibran:<\/strong>\u00a0He worked all the time. They didn\u2019t have any degrees, so it was working to make any money they could. But my parents always taught me about money growing up. Like, here\u2019s our mistakes. Here\u2019s what we should have done. Even today my mom\u2019s like, or not today, but more recently she\u2019ll show like, here\u2019s what our social security is like. See what happens when you don\u2019t make any money.<\/p>\n<p>[00:12:38]\u00a0<strong>Ramit:<\/strong>\u00a0She says that now?<\/p>\n<p>[00:12:39]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah. She\u2019s like, you don\u2019t retire with a whole lot of money.<\/p>\n<p>[00:12:41]\u00a0<strong>Ramit:<\/strong>\u00a0What do you take away from that? When she says that to you, how do you receive it?<\/p>\n<p>[00:12:47]\u00a0<strong>Jibran:<\/strong>\u00a0I want to make sure that we\u2019re setting ourselves up for a good future.<\/p>\n<p>[00:12:53]\u00a0<strong>Ramit:<\/strong>\u00a0Is your dad still with us?<\/p>\n<p>[00:12:55]\u00a0<strong>Jibran:<\/strong>\u00a0Mm-hmm. Yeah.<\/p>\n<p>[00:12:56]\u00a0<strong>Ramit:<\/strong>\u00a0Okay. How\u2019s he do with money now?<\/p>\n<p>[00:12:59]\u00a0<strong>Jibran:<\/strong>\u00a0He\u2019s retired. He\u2019s making his money and he\u2019s like, got to go get a job at the grocery store. Got to go do something to make some extra money.<\/p>\n<p>[00:13:08]\u00a0<strong>Ramit:<\/strong>\u00a0Does he need it?<\/p>\n<p>[00:13:11]\u00a0<strong>Jibran:<\/strong>\u00a0Probably not. Probably not right now. But he still thinks like that. Go four hours a day or something. He wants to, but we keep telling him, no, you don\u2019t need to. It\u2019s not necessary. Don\u2019t do it. Don\u2019t do it.<\/p>\n<p>[00:13:22]\u00a0<strong>Ramit:<\/strong>\u00a0Does he listen?<\/p>\n<p>[00:13:24]\u00a0<strong>Jibran:<\/strong>\u00a0So far.<\/p>\n<p>[00:13:26]\u00a0<strong>Ramit:<\/strong>\u00a0Okay. All right. Noor, what phrases do you remember about money when you were growing up?<\/p>\n<p>[00:13:33]\u00a0<strong>Noor:<\/strong>\u00a0My family immigrated here as well, and they were upper middle class in India, and then they immigrated to the States, and they were poor. Lived with government assistance and things like that, but were both very educated and had professional degrees, so were not in that state for very long.<\/p>\n<p>[00:13:58]\u00a0My parents didn\u2019t talk about money. It was always just focused on pride and reaching your potential and doing good work and contributing to society, and education is the key to freedom. Actually, my mom would always say freedom isn\u2019t free. You have to work hard. So just focused on a lot of freedom and education being the path to freedom.<\/p>\n<p>[00:14:25]\u00a0<strong>Ramit:<\/strong>\u00a0Okay. Did you eat out when you were a kid?<\/p>\n<p>[00:14:27]\u00a0<strong>Noor:<\/strong>\u00a0No.<\/p>\n<p>[Narration]<\/p>\n<p>[00:14:27]\u00a0<strong>Ramit:<\/strong>\u00a0We can see some clear lines connecting their backgrounds with their money attitudes and behaviors today. Jibran\u2019s dad worked like a machine to provide. He\u2019s picked up the same approach. He also grew up with an active money education, and he\u2019s brought that into today\u2019s relationship.<\/p>\n<p>[00:14:44]\u00a0She never got to eat out as a kid, and she resents that they don\u2019t do it now. Before we go on with Noor and Jibran, stay with me as I bring the audience into the conversation on their family backgrounds with money.<\/p>\n<p>[Interview]<\/p>\n<p>[00:14:55]\u00a0I love this question about what phrases did you hear from your family growing up? I want to come around to the audience. What\u2019s one phrase you remember from your childhood about money? Just raise your hand if you want to share it. We\u2019d love to hear from you. Hold on one second.<\/p>\n<p>[00:15:12]\u00a0<strong>Audience Member 1:<\/strong>\u00a0Money doesn\u2019t grow on trees.<\/p>\n<p>[00:15:17]\u00a0<strong>Audience Member 2:<\/strong>\u00a0People like us can\u2019t afford that.<\/p>\n<p>[00:15:21]\u00a0<strong>Audience Member 3:<\/strong>\u00a0It\u2019s only money.<\/p>\n<p>[00:15:24]\u00a0<strong>Ramit:<\/strong>\u00a0What does that mean, it\u2019s only money? What was the implication?<\/p>\n<p>[00:15:26]\u00a0<strong>Audience Member 3:<\/strong>\u00a0I\u2019d gotten into a car accident and I had to pay a deductible. That was maybe \u201918, \u201917.<\/p>\n<p>[00:15:32]\u00a0<strong>Ramit:<\/strong>\u00a0Okay. It\u2019s only money. All right, round of applause for everyone. Thank you very much.<\/p>\n<p>[Narration]<\/p>\n<p>[00:15:38]\u00a0<strong>Ramit:<\/strong>\u00a0So what about you? Do you have any phrases that stand out from when you were a kid? What do you remember your parents saying about money? Comment below. I\u2019d love to hear what you remember, and I will read every single comment to see what you\u2019ve shared.<\/p>\n<p>[Interview]<\/p>\n<p>[00:15:52]\u00a0<strong>Ramit:<\/strong>\u00a0We can\u2019t afford it. People like us. And after a while, we just accept it, and then we start to believe it. Well, we can\u2019t afford it. That\u2019s who I am. And when our financial situation changes, our psychology usually doesn\u2019t change along with it. Do you think that that\u2019s the case for the two of you?<\/p>\n<p>[00:16:16]\u00a0<strong>Jibran:<\/strong>\u00a0We were just chatting back there about all the examples of, we live in an old house with wood siding. The wood siding falls off. I\u2019ve never done siding in my life. But, my God, I had my ladder out there, pulled the siding off, figured it all out, and fixed all the siding. So I don\u2019t know. That\u2019s what we did growing up. That\u2019s what I learned, and still doing it.<\/p>\n<p>[00:16:38]\u00a0<strong>Ramit:<\/strong>\u00a0Do you want to keep doing that?<\/p>\n<p>[00:16:40]\u00a0<strong>Jibran:<\/strong>\u00a0Not with everything. Not with everything.<\/p>\n<p>[Narration]<\/p>\n<p>[00:16:43]\u00a0<strong>Ramit:<\/strong>\u00a0I want to interject here because a lot of times people believe that I want everyone to simply delegate out everything from their lives as if I\u2019m trying to mold everyone into me or into my Rich Life. No. That\u2019s why I say your Rich Life is yours, and my Rich Life is mine.<\/p>\n<p>[00:17:00]\u00a0For example, I delegate out certain things, but not others. I could hire out the ironing of our clothes, but I still iron because I love doing it. On the other hand, it would make no sense for me to spend hours cleaning our apartment because I don\u2019t enjoy it and I don\u2019t get fulfillment from it. So we\u2019ve hired that out, along with a personal trainer and an assistant.<\/p>\n<p>[00:17:21]\u00a0That\u2019s why I asked Jibran if he still wants to be spending time fixing the siding on his house. If he had said yes, I would have said, great, that\u2019s your Rich Life. Fantastic. But since he said no, now I dive deeper into the numbers and the psychological reasons that they\u2019re still doing something they might actually not need to be doing.<\/p>\n<p>[00:17:41]\u00a0This is the lesson I want you to internalize. There\u2019s no virtue in living a smaller life than you have to. Just because you did something in the past doesn\u2019t mean you have to continue it because what got you here might not get you there. Think carefully about what your Rich Life is and update your vision regularly. If you want help on deciding what your Rich Life is today, grab a copy of my journal from any bookstore or through the link in the show notes below.<\/p>\n<p>[Interview]<\/p>\n<p>[00:18:08]\u00a0<strong>Noor:<\/strong>\u00a0Maybe I\u2019m too extreme because I feel like money will pay come and it\u2019s okay to spend money. And so I think that maybe before I might have been a little less like, hold back a little bit more, but now, I don\u2019t want to say I feel entitled, but I\u2019m like, no, I work hard. We make good money. I do want to shop at these places. I do want to spend this money. I want to give my kids exposure to camps and experiences and things like that.<\/p>\n<p>[00:18:38]\u00a0<strong>Ramit:<\/strong>\u00a0Mm. Okay.<\/p>\n<p>[Narration]<\/p>\n<p>[00:18:40]\u00a0<strong>Ramit:<\/strong>\u00a0Let\u2019s take a quick pause to support our sponsors.<\/p>\n<p>[00:18:44]\u00a0Let\u2019s get back to the conversation.<\/p>\n<p>[Interview]<\/p>\n<p>[00:18:45]\u00a0<strong>Ramit:<\/strong>\u00a0I want to go back to the thing that you wrote about missing out on life. So you\u2019re missing out on life in what way?<\/p>\n<p>[00:18:54]\u00a0<strong>Noor:<\/strong>\u00a0Well, the big thing was travel. With the company that he has, there were trips that we didn\u2019t go to because he wasn\u2019t willing to turn off a weekend of rentals or something like that or things like that. Actually, there\u2019s several experiences like that where we\u2019re choosing money in the short term.<\/p>\n<p>[00:19:15]\u00a0<strong>Ramit:<\/strong>\u00a0Can we zoom in on that? What was one? What was a trip that you missed because of a weekend of revenue?<\/p>\n<p>[00:19:21]\u00a0<strong>Noor:<\/strong>\u00a0Mexico City, 2018.<\/p>\n<p>[00:19:24]\u00a0<strong>Ramit:<\/strong>\u00a0That rolled right off the tongue. Damn. Okay. All right, Jibran. Tell us what happened. He\u2019s looking away. He\u2019s looking down like, fuck. What happened?<\/p>\n<p>[00:19:35]\u00a0<strong>Jibran:<\/strong>\u00a0That was year 2 of my business, and it\u2019s difficult to manage that idea of like, hey, I could make five, six grand in a weekend, or I can make zero and go to Mexico City. And so just that idea of like, man, that\u2019s a lot of money, at the time. We were still young. That was, I think, right around the time when I paid off my student loans. She was working on paying off her student loans, so it was in the forefront of our mind.<\/p>\n<p>[00:20:03]\u00a0<strong>Ramit:<\/strong>\u00a0At that time, if you can remember, approximately, what was your household income back then?<\/p>\n<p>[00:20:10]\u00a0<strong>Noor:<\/strong>\u00a0It was a lot less.<\/p>\n<p>[00:20:11]\u00a0<strong>Jibran:<\/strong>\u00a0\u201917, \u201918. I\u2019d go like 150, 160, somewhere in that range, maybe something like that.<\/p>\n<p>[00:20:20]\u00a0<strong>Ramit:<\/strong>\u00a0What do you think about that number? Is that a lot? Is that little? This is a trap, by the way.<\/p>\n<p>[00:20:24]\u00a0<strong>Noor:<\/strong>\u00a0We didn\u2019t have kids.<\/p>\n<p>[00:20:24]\u00a0<strong>Jibran:<\/strong>\u00a0It\u2019s probably a lot would be my assumption, is what you\u2019re going to say.<\/p>\n<p>[00:20:30]\u00a0<strong>Noor:<\/strong>\u00a0We didn\u2019t have kids.<\/p>\n<p>[00:20:31]\u00a0<strong>Jibran:<\/strong>\u00a0Again, when you have\u2013<\/p>\n<p>[00:20:32]\u00a0<strong>Ramit:<\/strong>\u00a0You\u2019ve dual income, no kids, in a low-cost-of-living city, making $165,000.<\/p>\n<p>[00:20:37]\u00a0<strong>Noor:<\/strong>\u00a0Wait, let me add more context. We also lived in his parents\u2019 rental where we paid $500 a month.<\/p>\n<p>[00:20:46]\u00a0<strong>Ramit:<\/strong>\u00a0Let me go ahead and throw you a lifeline. Was that a lot of money back then?<\/p>\n<p>[00:20:51]\u00a0<strong>Jibran:<\/strong>\u00a0Yes.<\/p>\n<p>[00:20:51]\u00a0<strong>Noor:<\/strong>\u00a0Yes.<\/p>\n<p>[Narration]<\/p>\n<p>[00:20:52]\u00a0<strong>Ramit:<\/strong>\u00a0Okay, before we get back to the interview, my goal with these videos is to create the most fascinating perspectives on money anywhere. If you appreciate that and you want to get more, please hit the Subscribe button. It helps me and my team grow.<\/p>\n<p>[Interview]<\/p>\n<p>[00:21:06]\u00a0<strong>Ramit:<\/strong>\u00a0Is there a point where you as a business owner say, okay, we\u2019ve made enough? Let\u2019s go to Mexico City.<\/p>\n<p>[00:21:15]\u00a0<strong>Jibran:<\/strong>\u00a0That for sure was something I learned from the hard way, saying no to Mexico City, saying no to my wife. She was my girlfriend at the time.<\/p>\n<p>[00:21:22]\u00a0<strong>Ramit:<\/strong>\u00a0What happened to make you look back and see it as a mistake?<\/p>\n<p>[00:21:27]\u00a0<strong>Jibran:<\/strong>\u00a0Those experiences, they\u2019re not every single weekend, so being able to pause and not think about money is the only thing, which a lot of times, and that\u2019s the psychology issue that she has with me, is I always put money in the forefront despite other things.<\/p>\n<p>[Narration]<\/p>\n<p>[00:21:47]\u00a0<strong>Ramit:<\/strong>\u00a0That last sentence where Jibran says, \u201cI always put money in the forefront,\u201d is how so many of us treat money. We lead with money. We make it the central goal, as if a number going up in our spreadsheet is finally going to make us happy, finally going to make us whole. We obsess about money, agonize, worry, but few of us go deeper to even understand what that number means.<\/p>\n<p>[00:22:13]\u00a0And you know what? Even fewer truly realize that money is a small but important part of a Rich Life. And that, importantly, there\u2019s so much more than just the number. Does money matter? Of course, especially if you have a low income and you\u2019re struggling. But what you hear over and over is that just simply collecting more money will not automatically make you feel better.<\/p>\n<p>[Interview]<\/p>\n<p>[00:22:35]\u00a0<strong>Noor:<\/strong>\u00a0Can I tell you a little more context?<\/p>\n<p>[00:22:36]\u00a0<strong>Ramit:<\/strong>\u00a0Yes.<\/p>\n<p>[00:22:39]\u00a0<strong>Noor:<\/strong>\u00a0Something else that I think is in\u2013 we have a rental property. We don\u2019t touch any of that money, and we don\u2019t touch the event business money. So I was like, wait, we\u2019re making all this extra money, missing out on life, for you to hoard money that we\u2019re not even going to spend, and it\u2019s in random accounts, and I don\u2019t even know why we are doing this.<\/p>\n<p>[00:23:02]\u00a0<strong>Jibran:<\/strong>\u00a0Investment accounts.<\/p>\n<p>[00:23:04]\u00a0<strong>Noor:<\/strong>\u00a0So the event rental business is such a big part of our lives. I have wanted to slash them to get rid of them so that you can no longer have this company because I feel like it gets in the way. It took convincing to turn them off for the weekend of our wedding.<\/p>\n<p>[00:23:20]\u00a0<strong>Jibran:<\/strong>\u00a0No, no, no.<\/p>\n<p>[00:23:22]\u00a0<strong>Noor:<\/strong>\u00a0Yeah, your mom wanted to leave it on. She was like, we have [Inaudible]. So his mom and dad helped run the company. So I feel like they are perpetuating the money psychology constantly.<\/p>\n<p>[00:23:35]\u00a0<strong>Ramit:<\/strong>\u00a0The money psychology being what?<\/p>\n<p>[00:23:36]\u00a0<strong>Noor:<\/strong>\u00a0That they have, that\u2019s been instilled in him.<\/p>\n<p>[00:23:39]\u00a0<strong>Jibran:<\/strong>\u00a0Fore-front saving, earn it all.<\/p>\n<p>[00:23:42]\u00a0<strong>Noor:<\/strong>\u00a0Money is the end all be all. We had our two-and-a-half-year-olds and we had a newborn and they were pushing us to potty train my son. And I\u2019m like, I haven\u2019t slept more than two hours. I do not have this patience to potty train this little boy who\u2019s very jealous and has a lot of tantrums right now. And they\u2019re like, well, you\u2019ll save money on diapers. I\u2019m like, I have a diaper budget. It\u2019s okay.<\/p>\n<p>[00:24:09]\u00a0<strong>Ramit:<\/strong>\u00a0Do they know how much you make?<\/p>\n<p>[00:24:10]\u00a0<strong>Jibran:<\/strong>\u00a0They know we make good money. I don\u2019t think they know how much.<\/p>\n<p>[00:24:14]\u00a0<strong>Ramit:<\/strong>\u00a0Yeah. Do you know what your net worth is?<\/p>\n<p>[00:24:16]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah.<\/p>\n<p>[00:24:17]\u00a0<strong>Ramit:<\/strong>\u00a0What is it?<\/p>\n<p>[00:24:18]\u00a0<strong>Jibran:<\/strong>\u00a0It\u2019s close to a million.<\/p>\n<p>[Narration]<\/p>\n<p>[00:24:20]\u00a0<strong>Ramit:<\/strong>\u00a0Here are their numbers. Assets, 577,000; investments, 520,000; savings, 60,000; debt, 238,000. Total net worth, 919,000.<\/p>\n<p>[Interview]<\/p>\n<p>[00:24:32]\u00a0<strong>Noor:<\/strong>\u00a0I think it\u2019s amazing.<\/p>\n<p>[00:24:33]\u00a0<strong>Ramit:<\/strong>\u00a0Okay. Cool.<\/p>\n<p>[00:24:34]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah, I\u2019m happy about it. I\u2019m good.<\/p>\n<p>[00:24:36]\u00a0<strong>Ramit:<\/strong>\u00a0All right. All right. Well, you should. You\u2019ve obviously worked really hard, saved, made a lot of sacrifices for sure. That\u2019s amazing.<\/p>\n<p>[00:24:44]\u00a0<strong>Jibran:<\/strong>\u00a0It\u2019s hard because when we have these arguments, everything she says is right, and it\u2019s hard. We\u2019re nickel and diming ourselves to death, and reality is we should be enjoying some things. It\u2019s okay if we spend a little on DoorDash or Lyft. Or, oh, we ran out of something. It\u2019s okay if we pay the extra 150% markup on Instacart to have it shipped to our house or whatever the percentage is.<\/p>\n<p>[00:25:07]\u00a0<strong>Ramit:<\/strong>\u00a0Are you giving advice to yourself right now? What\u2019s happening?<\/p>\n<p>[00:25:09]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah.<\/p>\n<p>[00:25:10]\u00a0<strong>Ramit:<\/strong>\u00a0Okay, is there a but in this sentence?<\/p>\n<p>[00:25:11]\u00a0<strong>Jibran:<\/strong>\u00a0No, there\u2019s no but. There\u2019s no but.<\/p>\n<p>[00:25:13]\u00a0<strong>Ramit:<\/strong>\u00a0Oh. Then why don\u2019t you just do it?<\/p>\n<p>[00:25:14]\u00a0<strong>Jibran:<\/strong>\u00a0We do more recently, and that\u2019s what she was touching on.<\/p>\n<p>[00:25:18]\u00a0<strong>Ramit:<\/strong>\u00a0Like in the last two weeks. I don\u2019t know if that counts.<\/p>\n<p>[Narration]<\/p>\n<p>[00:25:22]\u00a0<strong>Ramit:<\/strong>\u00a0This is a thing that happens a lot. It\u2019s like cleaning your apartment before your house cleaner comes over. Couples will find out they\u2019re going to speak to me and suddenly, they\u2019ll be talking about money and changing their behavior for the first time in their relationship.<\/p>\n<p>[00:25:36]\u00a0And what\u2019s interesting is when they do this and they finally come talk to me, they minimize their problems. They\u2019ll go, it\u2019s actually gotten a lot better. Well, maybe it has. But unless you understand the patterns of what got you there, you\u2019ll probably slide right back into those behaviors.<\/p>\n<p>[Interview]<\/p>\n<p>[00:25:53]\u00a0<strong>Noor:<\/strong>\u00a0He\u2019s influenced me a lot. Which is great, but I think that it\u2019s just gone too far.<\/p>\n<p>[00:26:00]\u00a0<strong>Ramit:<\/strong>\u00a0What have you two talked about in terms of changing it?<\/p>\n<p>[00:26:06]\u00a0This is common, by the way. Every couple has something when it comes to their money where the dynamic has gotten off track in some way. It\u2019s in every relationship, and that\u2019s okay. That\u2019s natural. But it\u2019s really hard to recalibrate a relationship, whether it be like, hey, I\u2019m doing 75% of the household tasks, or I don\u2019t want to be the only one managing the money. Or I don\u2019t like the way that we spend money. We spend too much, or we save too much. To recalibrate is really hard. So have you had those conversations, and how have they gone?<\/p>\n<p>[00:26:43]\u00a0<strong>Jibran:<\/strong>\u00a0So now we\u2019re just trying to have that shift of it\u2019s okay if we door dash, or it\u2019s okay if we pick up something on the way home. So that\u2019s probably the biggest shift. And then the other shift that she has brought up to me more recently, examples are like cleaners or having somebody mow the grass or something.<\/p>\n<p>[00:27:03]\u00a0<strong>Ramit:<\/strong>\u00a0When she says that, your response is to turn the lawnmower on?<\/p>\n<p>[00:27:08]\u00a0<strong>Noor:<\/strong>\u00a0Well, that\u2019s why I have to do it when he\u2019s out of town for work.<\/p>\n<p>[00:27:10]\u00a0<strong>Ramit:<\/strong>\u00a0You do that? What did you do?<\/p>\n<p>[00:27:13]\u00a0<strong>Noor:<\/strong>\u00a0I saw our neighbors are getting their grass cut, so I ran over and I was like, oh, can you cut our grass? So I was going to not tell him, but then he saw it through the doorbell.<\/p>\n<p>[00:27:27]\u00a0<strong>Ramit:<\/strong>\u00a0Would you be open to paying for somebody to do the lawn mowing, truthfully? You don\u2019t have to say yes because you think I want to hear.<\/p>\n<p>[00:27:33]\u00a0<strong>Jibran:<\/strong>\u00a0To be honest, mowing a lawn, no, I would not.<\/p>\n<p>[00:27:35]\u00a0<strong>Ramit:<\/strong>\u00a0You want to do it?<\/p>\n<p>[00:27:35]\u00a0<strong>Jibran:<\/strong>\u00a0In general, no. But if we were going to right now, I\u2019d rather pay one of my current business employees to come do it.<\/p>\n<p>[00:27:45]\u00a0<strong>Ramit:<\/strong>\u00a0Why? So you can run it through the business?<\/p>\n<p>[00:27:47]\u00a0<strong>Jibran:<\/strong>\u00a0No, I could help them out. I\u2019d rather help out and give people extra money, extra work that I know that we work with on a regular basis.<\/p>\n<p>[00:27:54]\u00a0<strong>Noor:<\/strong>\u00a0And it\u2019s cheaper.<\/p>\n<p>[00:27:56]\u00a0<strong>Jibran:<\/strong>\u00a0It might be a little cheaper.<\/p>\n<p>[Narration]<\/p>\n<p>[00:27:57]\u00a0<strong>Ramit:<\/strong>\u00a0There\u2019s a famous story about someone in self-development, I think it\u2019s Jim Rohn, who said, the more successful I become, the less I could afford to do things that I used to do. And what he meant was he couldn\u2019t afford to spend hours mowing his lawn on the weekend because his time was now so limited that he wanted to spend it with his son.<\/p>\n<p>[00:28:16]\u00a0With Jibran, we could tally up all the things he would rather do himself\u2013 cleaning the house, cooking, fixing the siding, cutting the grass. But I guarantee, if I asked him what their Rich Life is, very few of those things would be on the list.<\/p>\n<p>[Interview]<\/p>\n<p>[00:28:30]\u00a0<strong>Ramit:<\/strong>\u00a0Do you think saving money is a virtue?<\/p>\n<p>[00:28:36]\u00a0<strong>Jibran:<\/strong>\u00a0Maybe yeah. Probably, if you ask it a different way. Yeah.<\/p>\n<p>[00:28:39]\u00a0<strong>Ramit:<\/strong>\u00a0Okay. So do you think spending less is a virtue?<\/p>\n<p>[00:28:43]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah, you\u2019re walking me down this path.<\/p>\n<p>[00:28:45]\u00a0<strong>Ramit:<\/strong>\u00a0Is there ever a time\u2013 that is what I do.<\/p>\n<p>[00:28:48]\u00a0<strong>Jibran:<\/strong>\u00a0Yes.<\/p>\n<p>[00:28:51]\u00a0<strong>Ramit:<\/strong>\u00a0Do you have any parts of life where you love to spend money?<\/p>\n<p>[00:28:58]\u00a0<strong>Jibran:<\/strong>\u00a0I won\u2019t speak for you, but with friends, family, hosting parties, things like that.<\/p>\n<p>[00:29:06]\u00a0<strong>Noor:<\/strong>\u00a0He loves technology.<\/p>\n<p>[00:29:09]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah.<\/p>\n<p>[00:29:10]\u00a0<strong>Ramit:<\/strong>\u00a0Like what, iPhones and stuff?<\/p>\n<p>[00:29:11]\u00a0<strong>Jibran:<\/strong>\u00a0No, I don\u2019t have an iPhone.<\/p>\n<p>[00:29:14]\u00a0<strong>Ramit:<\/strong>\u00a0What do you have for a car?<\/p>\n<p>[00:29:16]\u00a0<strong>Jibran:<\/strong>\u00a0Tesla.<\/p>\n<p>[00:29:17]\u00a0<strong>Ramit:<\/strong>\u00a0Okay. How come you bought that? You could get a cheaper car.<\/p>\n<p>[Narration]<\/p>\n<p>[00:29:23]\u00a0<strong>Ramit:<\/strong>\u00a0We\u2019ll be right back.<\/p>\n<p>[00:29:26]\u00a0Okay, let\u2019s keep going.<\/p>\n<p>[Interview]<\/p>\n<p>[00:29:27]\u00a0<strong>Jibran:<\/strong>\u00a0And the money made sense with gas savings, the additional payments. It wasn\u2019t an outrageous amount of additional money, and it was something that I valued.<\/p>\n<p>[00:29:39]\u00a0<strong>Ramit:<\/strong>\u00a0What was that? You value it?<\/p>\n<p>[00:29:40]\u00a0<strong>Jibran:<\/strong>\u00a0Something I valued. Yeah. Having a nicer vehicle.<\/p>\n<p>[00:29:44]\u00a0<strong>Ramit:<\/strong>\u00a0Did you ask Noor about it before you bought it?<\/p>\n<p>[00:29:47]\u00a0<strong>Jibran:<\/strong>\u00a0We talked about it.<\/p>\n<p>[00:29:47]\u00a0<strong>Noor:<\/strong>\u00a0I was so happy because I was like, please.<\/p>\n<p>[00:29:50]\u00a0<strong>Ramit:<\/strong>\u00a0So happy? Damn. I wish you said like, I said no. And then he did it anyway. I would\u2019ve been like, no.<\/p>\n<p>[00:29:54]\u00a0<strong>Jibran:<\/strong>\u00a0She\u2019s like, please do something for yourself. I was like, yeah, yeah.<\/p>\n<p>[00:29:57]\u00a0<strong>Ramit:<\/strong>\u00a0I\u2019m guessing you don\u2019t spend basically anything on yourself.<\/p>\n<p>[00:30:00]\u00a0<strong>Jibran:<\/strong>\u00a0No, not much.<\/p>\n<p>[00:30:01]\u00a0<strong>Ramit:<\/strong>\u00a0You\u2019re like, I\u2019m a simple guy. I don\u2019t need much. Right?<\/p>\n<p>[00:30:05]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah, in general. But like I mentioned, I do enjoy hosting, having parties, whether they\u2019re at our house or events, just going above and beyond with parties.<\/p>\n<p>[00:30:17]\u00a0<strong>Ramit:<\/strong>\u00a0What does that mean, go above and beyond?<\/p>\n<p>[00:30:18]\u00a0<strong>Jibran:<\/strong>\u00a0Like we had our daughter\u2019s first birthday party a couple of weeks ago and we had 50 people, 60 people at an ice cream shop. Catered lunch, bought ice creams for everybody.<\/p>\n<p>[00:30:29]\u00a0<strong>Ramit:<\/strong>\u00a0That\u2019s cool. All right. And you felt comfortable spending on that?<\/p>\n<p>[00:30:32]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah.<\/p>\n<p>[00:30:33]\u00a0<strong>Ramit:<\/strong>\u00a0No questions?<\/p>\n<p>[00:30:34]\u00a0<strong>Jibran:<\/strong>\u00a0No questions.<\/p>\n<p>[Narration]<\/p>\n<p>[00:30:35]\u00a0<strong>Ramit:<\/strong>\u00a0That was pretty interesting. People who struggle to spend money on themselves tend to have at least one area where they are happy to spend money. And usually for parents, it\u2019s their kids. I do notice how when Jibran described his Tesla, he led with all the ways that it saved him money.\u00a0How it was such a good value.<\/p>\n<p>[00:30:51]\u00a0Listen, value is a money lens, or way of looking at the world. And it\u2019s a fine money lens. But there are also other money lenses too. And my wish for you is that you have multiple money lenses at your disposal, which you can pick and choose from for different situations in your life. Money lenses include cost, luxury, convenience, results, desire, delight, and so many others.<\/p>\n<p>[Interview]<\/p>\n<p>[00:31:20]\u00a0<strong>Ramit:<\/strong>\u00a0You have this business, is that your full-time?<\/p>\n<p>[00:31:22]\u00a0<strong>Jibran:<\/strong>\u00a0No, no, that\u2019s a side business.<\/p>\n<p>[00:31:24]\u00a0<strong>Ramit:<\/strong>\u00a0The business that you own with your parents is a side business.<\/p>\n<p>[00:31:27]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah.<\/p>\n<p>[00:31:27]\u00a0<strong>Ramit:<\/strong>\u00a0And you have a full-time job?<\/p>\n<p>[00:31:28]\u00a0<strong>Jibran:<\/strong>\u00a0Full-time job, yeah.<\/p>\n<p>[00:31:29]\u00a0<strong>Ramit:<\/strong>\u00a0Okay, got it. What about you, Noor?<\/p>\n<p>[00:31:31]\u00a0<strong>Noor:<\/strong>\u00a0I have a full-time job and I\u2019m in the process of starting a food product.<\/p>\n<p>[00:31:36]\u00a0<strong>Ramit:<\/strong>\u00a0Okay, on the side. And is that a passion project? Is it because you want additional income? What is it?<\/p>\n<p>[00:31:43]\u00a0<strong>Noor:<\/strong>\u00a0Both.<\/p>\n<p>[00:31:44]\u00a0<strong>Ramit:<\/strong>\u00a0What are you going to do with the extra money?<\/p>\n<p>[00:31:46]\u00a0<strong>Noor:<\/strong>\u00a0I\u2019ve made $30.<\/p>\n<p>[00:31:51]\u00a0<strong>Ramit:<\/strong>\u00a0Love it. It\u2019s the best $30 you\u2019ll ever make. The first.<\/p>\n<p>[00:31:55]\u00a0<strong>Jibran:<\/strong>\u00a0The first 30.<\/p>\n<p>[00:31:56]\u00a0<strong>Ramit:<\/strong>\u00a0That is cool. Okay. And what would you do if you made 30,000?<\/p>\n<p>[00:32:02]\u00a0<strong>Noor:<\/strong>\u00a0So my money dial is something that\u2019s really important to me, is giving back. I really feel for child care workers. They\u2019re so underpaid. They give so much. They love our children like they\u2019re our own. So for our children\u2019s birthdays or holidays, we always give extra money, like 100 to each teacher and things like that.<\/p>\n<p>[00:32:22]\u00a0So I think that\u2019s one of my money dials. We always donate. We always pick a cause that we each care about. We donate. We get it matched. So I\u2019d say that\u2019s one of my money dials, and probably travel and family.<\/p>\n<p>[00:32:34]\u00a0<strong>Ramit:<\/strong>\u00a0Any issue with Jibran when you want to donate money?<\/p>\n<p>[00:32:39]\u00a0<strong>Noor:<\/strong>\u00a0He grumbles about it, but I just do it anyway. So I don\u2019t do it anyways for like the DoorDash, but I\u2019ll do it anyways for giving.<\/p>\n<p>[00:32:47]\u00a0<strong>Ramit:<\/strong>\u00a0Why? What\u2019s the difference?<\/p>\n<p>[00:32:47]\u00a0<strong>Noor:<\/strong>\u00a0Because I think it\u2019s just such a high value for me.<\/p>\n<p>[00:32:51]\u00a0<strong>Jibran:<\/strong>\u00a0I think it goes back to what we talked about half an hour ago about just rooted in saving and I didn\u2019t go on a ton of vacations and stuff when I was a kid or spend money, give. You don\u2019t have enough money for yourself. You don\u2019t give a ton. Really was volunteering of time and efforts as an example.<\/p>\n<p>[00:33:11]\u00a0<strong>Ramit:<\/strong>\u00a0But you have a million dollars now, and you\u2019re in your 30s.<\/p>\n<p>[00:33:13]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah, it\u2019s hard. That\u2019s what\u2019s difficult about money. It\u2019s ingrained in you.<\/p>\n<p>[00:33:20]\u00a0<strong>Ramit:<\/strong>\u00a0Can it change?<\/p>\n<p>[00:33:21]\u00a0<strong>Jibran:<\/strong>\u00a0It can, I think. That\u2019s why she reached out to you and we\u2019re here doing this in front of people. Because it\u2019s difficult. It\u2019s difficult.<\/p>\n<p>[00:33:30]\u00a0<strong>Ramit:<\/strong>\u00a0Yeah. Your children, three and one, one is young, but three, okay, it\u2019s still early, but what do you think they will pick up about money in about two years?<\/p>\n<p>[00:33:43]\u00a0<strong>Noor:<\/strong>\u00a0I think they\u2019ll be conflicted because we\u2019re so different. For example, his parents, they\u2019re so wonderful, but they center so much around money. We did an Easter egg hunt last year and they just put money in the eggs. I\u2019m like, no, just put stickers.<\/p>\n<p>[00:34:01]\u00a0<strong>Jibran:<\/strong>\u00a0Instead of candy. They put some candy.<\/p>\n<p>[00:34:03]\u00a0<strong>Ramit:<\/strong>\u00a0How much money though? That\u2019s where we are now.<\/p>\n<p>[00:34:04]\u00a0<strong>Jibran:<\/strong>\u00a0Like a quarter.<\/p>\n<p>[00:34:06]\u00a0<strong>Noor:<\/strong>\u00a0No, they put a dollars in multiple eggs. And I was like, please, I don\u2019t want it to be so money-centered.<\/p>\n<p>[00:34:12]\u00a0<strong>Ramit:<\/strong>\u00a0Okay. I wonder if they will also observe that mom is the one who brings up things to spend on, and dad is the one who says no.<\/p>\n<p>[00:34:21]\u00a0<strong>Jibran:<\/strong>\u00a0Probably.<\/p>\n<p>[00:34:22]\u00a0<strong>Ramit:<\/strong>\u00a0What do you think your son will take away from that? What will his role be?<\/p>\n<p>[00:34:26]\u00a0<strong>Noor:<\/strong>\u00a0Say no.<\/p>\n<p>[00:34:27]\u00a0<strong>Ramit:<\/strong>\u00a0Yeah. The son will observe that his dad is the one who says no, implying he\u2019s the one who has the right to say no, and therefore he will say no. And as he gets older, he will probably observe that, like, why does dad always say no? It\u2019s fun to go to these places. Why does dad say no? And Jibran, why does dad say no?<\/p>\n<p>[00:34:49]\u00a0<strong>Jibran:<\/strong>\u00a0Sometimes for no good reason, to be honest. It\u2019s a quick reaction sometimes.<\/p>\n<p>[00:34:55]\u00a0<strong>Ramit:<\/strong>\u00a0That\u2019s right. There was a reason. Your parents said no, because they didn\u2019t have the money. But in this case, at some point they will realize you do have money, from whatever thing they absorb. And so they will be living the story of their grandparents in circumstances that simply do not match up at all.<\/p>\n<p>[00:35:17]\u00a0<strong>Noor:<\/strong>\u00a0Actually, you asked about money phrases. Something my parents always told me was the [Inaudible], which means the more you give, the more you get. And I think I live that way and where that virtue comes from. So they will probably pick up on that as well.<\/p>\n<p>[00:35:30]\u00a0<strong>Ramit:<\/strong>\u00a0I agree. They\u2019ll probably be pretty generous. She will probably be pretty generous. She\u2019ll notice when you give to people around you, teachers, vendors. Great. Might she also learn that you have to ask your husband?<\/p>\n<p>[00:35:48]\u00a0<strong>Noor:<\/strong>\u00a0Yeah, probably.<\/p>\n<p>[00:35:51]\u00a0<strong>Ramit:<\/strong>\u00a0What do you think about that?<\/p>\n<p>[00:35:53]\u00a0<strong>Noor:<\/strong>\u00a0Made me sad when you said that. Yeah, not good.<\/p>\n<p>[00:35:57]\u00a0<strong>Ramit:<\/strong>\u00a0What would be a lesson you would want to teach her?<\/p>\n<p>[00:36:00]\u00a0<strong>Noor:<\/strong>\u00a0To make decisions based on her own values.<\/p>\n<p>[00:36:04]\u00a0<strong>Ramit:<\/strong>\u00a0So that might be, the reason that we have these monthly parties with our friends is that\u2013 finish the sentence for me.<\/p>\n<p>[00:36:15]\u00a0<strong>Noor:<\/strong>\u00a0Is that we value community and we value caring for our community, and this is one of the ways that we do it.<\/p>\n<p>[00:36:23]\u00a0<strong>Jibran:<\/strong>\u00a0Nurturing relationships with our friends. Family.<\/p>\n<p>[00:36:26]\u00a0<strong>Ramit:<\/strong>\u00a0Yeah. And tie that to money. Be more specific. We get catering. See this food here, it looks really good. We get this food made for everybody because we want everybody to be able to eat, and we can spend a little bit of money on it because this is important to us and we save money on our subscriptions. Simple things that kids can understand. Repeat those things enough and they\u2019ll get it.<\/p>\n<p>[00:36:54]\u00a0<strong>Noor:<\/strong>\u00a0I feel like we always try to spend as little as possible.<\/p>\n<p>[00:37:01]\u00a0<strong>Ramit:<\/strong>\u00a0Yeah. Either of you, a musician. Okay. Any musicians in the room? All right. It\u2019s like being able to play one note and one note only\u2013 less. That\u2019s the note that so many of us were raised. Just spend less. And if you have to, like your parents, like my parents, that is the only note available. But what a tragedy to have access to every note and to still only play one. Now, I can teach you all these magical phrases, but that\u2019s all icing on the cake, until you truly get it here.<\/p>\n<p>[00:37:45]\u00a0So I want to share my observations from having spoken to you. I think that both of you are living a story that your parents taught you. It\u2019s actually a very empowering story in many ways. The story is, work hard, be generous, and good things will happen. Well, guess what? They did happen. You have two kids. You have a loving relationship. You have a million dollars and very high income in a very inexpensive area. But I don\u2019t think your parents ever taught you what happens next. Did they?<\/p>\n<p>[00:38:27]\u00a0<strong>Jibran:<\/strong>\u00a0No. My parents never turned that corner, so they never taught that.<\/p>\n<p>[00:38:32]\u00a0<strong>Ramit:<\/strong>\u00a0Right. So they said, save, save, save, work, work, work, dot, dot, dot. But what\u2019s after that? Do you know?<\/p>\n<p>[00:38:42]\u00a0<strong>Jibran:<\/strong>\u00a0We\u2019re figuring it out now. And that\u2019s what we\u2019ve talked about, the whole change in ebb and flow of life of doing those vacations. Not just giving volunteering of time, but also monetarily paying for other services that I\u2019ve never dreamed of paying for growing up.<\/p>\n<p>[00:39:05]\u00a0<strong>Ramit:<\/strong>\u00a0Like what? Lawnmower, cleaners?<\/p>\n<p>[00:39:08]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah, somebody mowing.<\/p>\n<p>[00:39:09]\u00a0<strong>Ramit:<\/strong>\u00a0Just as an example\u2013 again, it\u2019s your money. I\u2019ll never tell you what to do with your money, but if I had a million-dollar net worth, if I had cashflow like the two of you do, there\u2019s so many things I would think about doing differently. Just one of them is to take the things that are important to me and do them more frequently. So as an example, instead of a cleaner, it could be once a month. It could be once a week.<\/p>\n<p>[00:39:35]\u00a0With two children, certainly there\u2019s things to do. For parties, which you mentioned you love, the question I would just sit down and ask you is like, what would make this magical? I\u2019ll give you one idea, then you give me one. Magical would be have somebody clean before, and then have somebody clean the next day. So the party ends, you two go to sleep, and then they come the next morning, and boom. That would be magical, don\u2019t you think?<\/p>\n<p>[00:39:59]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah.<\/p>\n<p>[00:39:59]\u00a0<strong>Ramit:<\/strong>\u00a0What would make it magical for you? The thing that you love already, make it even more.<\/p>\n<p>[00:40:05]\u00a0<strong>Noor:<\/strong>\u00a0Well, for a Diwali party, we had a henna artist come, and that was magical, so things like that.<\/p>\n<p>[00:40:10]\u00a0<strong>Ramit:<\/strong>\u00a0Love it. Keep going.<\/p>\n<p>[00:40:12]\u00a0<strong>Noor:<\/strong>\u00a0Maybe a pianist.<\/p>\n<p>[00:40:14]\u00a0<strong>Ramit:<\/strong>\u00a0Whoa. Okay, that\u2019s cool. Love that. Let\u2019s switch to travel, which you mentioned is important to you. Give me an example, Jibran, of what would make travel magical.<\/p>\n<p>[00:40:26]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah, so we\u2019re talking about this for our upcoming travel, and the magical one I\u2019ll steal from you is having a babysitter. While we\u2019re out with the two kids somewhere, have a babysitter come over so we can have free time in the evening or even during the day.<\/p>\n<p>[00:40:38]\u00a0<strong>Ramit:<\/strong><strong>\u00a0<\/strong>While you\u2019re traveling.<\/p>\n<p>[00:40:39]\u00a0<strong>Jibran:<\/strong><strong>\u00a0<\/strong>Yeah, while we\u2019re traveling.<\/p>\n<p>[00:40:43]\u00a0<strong>Ramit:<\/strong>\u00a0I like that. Okay.<\/p>\n<p>[00:40:44]\u00a0<strong>Jibran:<\/strong>\u00a0That\u2019s what we\u2019re talking about and thinking about for these\u2013<\/p>\n<p>[00:40:46]\u00a0<strong>Ramit:<\/strong>\u00a0Any parents in the room think that would be magical when you\u2019re traveling? Yeah. I like that. You got anything else?<\/p>\n<p>[00:40:54]\u00a0<strong>Noor:<\/strong>\u00a0Well, he stole mine.<\/p>\n<p>[00:40:56]\u00a0<strong>Ramit:<\/strong>\u00a0That\u2019s okay. The good thing about a Rich Life is there\u2019s an unlimited number of things you can do. In fact, I calculated some numbers just from looking at your CSP, and if you continue on the path you are currently on, no changes, no raises, the same income in your early 30s for the rest of your entire life, by the time you are 65, you will have $9.2 million. What do you think about that? Noor looks happy. Jibran looks worried. He\u2019s like, it\u2019s not going to be enough. $9.2 million means that you could conservatively pull $370,000 a year out forever. That\u2019s a lot of money, right?<\/p>\n<p>[00:41:52]\u00a0<strong>Jibran:<\/strong>\u00a0That\u2019s a lot of money.<\/p>\n<p>[00:41:53]\u00a0<strong>Ramit:<\/strong>\u00a0That means you are a 9.2-million-dollar couple. You just need time.<\/p>\n<p>[00:42:00]\u00a0I want to know from the audience, what would you do if you were going to have $9 million?<\/p>\n<p>[00:42:10]\u00a0<strong>Audience Member 4:<\/strong><strong>\u00a0<\/strong>I would live around the world a month at a time, like a month in Paris, a month in Malaysia, a month in Australia, and stay in the best Airbnb in the best location.<\/p>\n<p>[00:42:23]\u00a0<strong>Audience Member 5:<\/strong>\u00a0I would definitely take my friends with me everywhere I went because that\u2019s my biggest thing, is to do things with people. So three or four trips a year, all my friends.<\/p>\n<p>[00:42:34]\u00a0<strong>Audience Member 6:<\/strong>\u00a0I would retire my parents.<\/p>\n<p>[00:42:38]\u00a0<strong>Noor:<\/strong>\u00a0So I would not worry about the DoorDash anymore.<\/p>\n<p>[00:42:45]\u00a0<strong>Jibran:<\/strong>\u00a0Second bet.<\/p>\n<p>[00:42:46]\u00a0<strong>Ramit:<\/strong>\u00a0Amazing.<\/p>\n<p>[Narration]<\/p>\n<p>[00:42:48]\u00a0<strong>Ramit:<\/strong>\u00a0What about you? You wake up tomorrow. You\u2019re worth $9million. What\u2019s on the agenda? Let me know in the comments. And remember, whether it\u2019s nine million, one million, whatever the number is, I want you to use this question and adapt it to get really intentional about what your vision is. The point is so that you can live a Rich Life today and a richer life tomorrow.<\/p>\n<p>[Interview]<\/p>\n<p>[00:43:11]\u00a0<strong>Noor:<\/strong>\u00a0The traveling one is very intriguing, living in different places and nice places experiencing the world. Yeah, that would be really nice. And we both work remote. We could do it.<\/p>\n<p>[00:43:22]\u00a0<strong>Ramit:<\/strong>\u00a0You got to wait till you have $9 million?<\/p>\n<p>[00:43:24]\u00a0<strong>Noor:<\/strong>\u00a0Oh, that\u2019s true. We should\u2013<\/p>\n<p>[00:43:26]\u00a0<strong>Ramit:<\/strong>\u00a0No, do you? I\u2019m asking. Do you have to wait to have $9 million to travel more?<\/p>\n<p>[00:43:34]\u00a0<strong>Noor:<\/strong>\u00a0No.<\/p>\n<p>[00:43:35]\u00a0<strong>Ramit:<\/strong>\u00a0Okay, how much?<\/p>\n<p>[00:43:37]\u00a0<strong>Noor:<\/strong>\u00a0I don\u2019t know. We probably have enough now.<\/p>\n<p>[00:43:40]\u00a0<strong>Ramit:<\/strong>\u00a0Probably. So many of us obsess about the skill of saving, which I think the two of you do. I\u2019m not saying we\u2019re necessarily good at it, but we obsess about it. Some people, like FIRE nerds, obsess about managing money, investing in the FIRE community\u2019s case, or you hear lots of folks who have 10 apps they look at every day. They log in. They check it. Are we spending too much at Target, that kind of thing? But I find very few people think meaningfully about the skill of spending money.<\/p>\n<p>[00:44:17]\u00a0And if you are on track, conservatively, to have $9 million, then that has to be one of the most, if not the most important skill that you work on. Because you already won the game of saving. The number I just shared with you is if you just keep doing what you\u2019re doing. You don\u2019t even need to side income. You don\u2019t need to raise. You don\u2019t need any of it.<\/p>\n<p>[00:44:42]\u00a0<strong>Jibran:<\/strong>\u00a0And those things are surely to come, right?<\/p>\n<p>[00:44:44]\u00a0<strong>Ramit:<\/strong>\u00a0Yeah. Exactly. I love the confidence in what you just said. I don\u2019t hear the same confidence in the spending.<\/p>\n<p>[00:44:52]\u00a0<strong>Jibran:<\/strong>\u00a0No, it\u2019s a good point. Since Noor was introduced to your content, the Teach You to Be Rich, what is your Rich Life, and that\u2019s why I agreed to come here with her to this, is she\u2019s asking that question. It was like, how would we want to live differently here and now?<\/p>\n<p>[00:45:11]\u00a0<strong>Ramit:<\/strong>\u00a0You want to do it right now? Should we just map it out?<\/p>\n<p>[00:45:15]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah. I don\u2019t have anything else to do. We\u2019re all here.<\/p>\n<p>[00:45:19]\u00a0<strong>Ramit:<\/strong>\u00a0Okay. We\u2019re all here. Let\u2019s do it.<\/p>\n<p>[00:45:21]\u00a0<strong>Jibran:<\/strong>\u00a0Why not?<\/p>\n<p>[00:45:22]\u00a0<strong>Ramit:<\/strong>\u00a0I don\u2019t like giving people too much homework when they can just do it right in front of our face and then walk out having accomplished something.<\/p>\n<p>[Narration]<\/p>\n<p>[00:45:31]\u00a0<strong>Ramit:<\/strong>\u00a0I\u2019m going to show them how to design a vivid, specific vision of a Rich Life. Now, keep in mind, the amount of money is not the point. They\u2019re going to be multi-millionaires, so of course I\u2019m going to tailor this for their situation. But if you have less, just adjust. Adapt the principle to your own situation. What you\u2019re going to hear me incorporate are the things they love, and I\u2019m going to push them to make it magical, memorable, and incredibly specific.<\/p>\n<p>[Interview]<\/p>\n<p>[00:45:57]\u00a0<strong>Ramit:<\/strong>\u00a0I think it\u2019s cool because when I asked you what lights you up, what do you like to spend money on, I did see big smiles on your faces. And I can tell you do have these values. The Tesla was actually very revelatory, very interesting. I love that you have that thing. The friends and family, the donations, amazing. And the travel.<\/p>\n<p>[00:46:15]\u00a0I think you could spend more attention and time and you could use money to make them more meaningful. So you tell me. What could you do this year if you wanted to improve your skills at spending money meaningfully, Jibran?<\/p>\n<p>[00:46:35]\u00a0<strong>Jibran:<\/strong>\u00a0Well, I agree with you about making those changes to make peak experiences. And so we\u2019re going to Spain at the end of the month.<\/p>\n<p>[00:46:43]\u00a0<strong>Ramit:<\/strong>\u00a0Okay, great.<\/p>\n<p>[00:46:44]\u00a0<strong>Jibran:<\/strong>\u00a0We\u2019ve extended our stay. We\u2019re at a resort for a week. We\u2019re in Barcelona for a week, booked an entire apartment there. So we\u2019re trying to turn up the notch.<\/p>\n<p>[00:46:58]\u00a0<strong>Ramit:<\/strong>\u00a0Make it magical.\u00a0Think about what Nora loves. What does she love?<\/p>\n<p>[00:47:03]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah. I think instead of booking this babysitter for a day or two days, why not an extended time shopping, maybe finding a concert or something while we\u2019re there in Barcelona, things like that.<\/p>\n<p>[00:47:21]\u00a0<strong>Ramit:<\/strong>\u00a0I like it. Let\u2019s just go with the shopping thing because she just told us. Sometimes people just tell us what they love. Let\u2019s go with it. She goes, I love shopping. Now, again, I\u2019m not telling you you have to spend X dollars. I will never do that. But let\u2019s assume for the moment. Play with the example. She wants to go shopping. What else could you do?<\/p>\n<p>[00:47:42]\u00a0<strong>Jibran:<\/strong>\u00a0Not only look up a place, but maybe pre purchase an item or something. So she could arrive, and there could already be a\u2013<\/p>\n<p>[00:47:51]\u00a0<strong>Ramit:<\/strong>\u00a0Look at Noor\u2019s face by the way. That\u2019s the biggest smile I\u2019ve ever seen in my life.<\/p>\n<p>[00:47:55]\u00a0<strong>Jibran:<\/strong>\u00a0Pre purchase a pair of heels or something or a dress.<\/p>\n<p>[00:47:58]\u00a0<strong>Ramit:<\/strong>\u00a0I like that. So you\u2019re sending over her preferences ahead of time. They have everything pulled for her. Amazing. Or you find a local stylist and she goes out for a day. Amazing. Cool. What else?<\/p>\n<p>[00:48:10]\u00a0<strong>Noor:<\/strong>\u00a0Definitely time without the kids.<\/p>\n<p>[00:48:12]\u00a0<strong>Ramit:<\/strong>\u00a0Okay. So a babysitter, how many days? Let\u2019s just be specific.<\/p>\n<p>[00:48:15]\u00a0<strong>Noor:<\/strong>\u00a0We actually talked about maybe every night.<\/p>\n<p>[00:48:19]\u00a0<strong>Ramit:<\/strong>\u00a0Whoa.<\/p>\n<p>[00:48:20]\u00a0<strong>Noor:<\/strong>\u00a0That we\u2019re not at the resort because we wouldn\u2019t have the connection. So six nights.<\/p>\n<p>[00:48:25]\u00a0<strong>Ramit:<\/strong>\u00a0The resort concierge can also find babysitters.<\/p>\n<p>[00:48:30]\u00a0<strong>Noor:<\/strong>\u00a0That\u2019s a good idea. I would love to not cook at the\u2013<\/p>\n<p>[00:48:36]\u00a0<strong>Jibran:<\/strong>\u00a0We\u2019re not doing that.<\/p>\n<p>[00:48:38]\u00a0<strong>Ramit:<\/strong>\u00a0Okay. You\u2019re not going to cook. Okay.<\/p>\n<p>[00:48:40]\u00a0<strong>Noor:<\/strong>\u00a0Yeah. We have apartments. We talked about like groceries and cooking, but it\u2019d be nice to just eat out every meal.<\/p>\n<p>[00:48:47]\u00a0<strong>Ramit:<\/strong>\u00a0Okay. So for me, if I were the two of you, I would sit down and I would have the most amazing conversation in my life. It would be, what is going to make this trip the most memorable one we\u2019ve ever taken? So what would it be? It would be, what do you love to do? I want to shop. I want to have time without the kids. I want to take the kids to this amazing thing. I want us. I want you to plan one thing. I want to plan another thing.<\/p>\n<p>[00:49:13]\u00a0And then you put it all out there. You don\u2019t have to do all of it. You just put it out there. You start to get excited. You\u2019re pulling pictures. You\u2019re bringing things you found in travel magazines. And then you map it out, but you leave lots of leisure time. You go, let\u2019s do one big thing per day. And then you start to ask yourself, what can we use money for to make this easy?<\/p>\n<p>[00:49:29]\u00a0Well, we don\u2019t know what neighborhoods. Let\u2019s get a travel advisor who can help us do these bookings and X, Y, Z. And suddenly you end up\u2013 I don\u2019t know how much this trip is planned to cost. Do you know?<\/p>\n<p>[00:49:40]\u00a0<strong>Jibran:<\/strong>\u00a0Probably in that five, seven, somewhere in that range.<\/p>\n<p>[00:49:44]\u00a0<strong>Ramit:<\/strong>\u00a0Let\u2019s just say 5k for easy math. And you go, looking at our CSP, do we have the ability to spend 15? I\u2019m making it up. Of course, you do. Would an extra $10,000 mean any difference in the course of your life, which is going to have tens of millions of dollars? No. But what if that $10,000 could be incredibly meaningful for you and for your kids?<\/p>\n<p>[00:50:10]\u00a0The way that I would apply this beyond this trip is to sit back. You can use my journal. You can do it on your own. What is our Rich Life? You shouldn\u2019t be debating over DoorDash ever again. At this income\u2013 that shouldn\u2019t be a conversation you have. It should actually be something that the two of you plan. You go, how many times a week do we want to eat out? What nights? And let\u2019s leave one free floating night because sometimes we\u2019re tired.<\/p>\n<p>[00:50:39]\u00a0Set the rule, make it part of your CSP, and then don\u2019t think about it again. But I think you\u2019ve earned the right to focus less on costs and to focus more on making meaning with your money.<\/p>\n<p>[00:50:51]\u00a0<strong>Noor:<\/strong>\u00a0Yeah. I would love to make that mental shift.<\/p>\n<p>[00:50:55]\u00a0<strong>Ramit:<\/strong>\u00a0Okay. Jibran.<\/p>\n<p>[00:50:57]\u00a0<strong>Jibran:<\/strong>\u00a0Yeah. Agreed. I think that\u2019s what we talk about, is like, how do you turn that corner? What\u2019s next? You each that pinnacle of savings, investing, earnings.<\/p>\n<p>[00:51:06]\u00a0<strong>Interview:<\/strong>\u00a0What\u2019s the answer?<\/p>\n<p>[00:51:08]\u00a0<strong>Jibran:<\/strong>\u00a0We\u2019re trying to figure it out.<\/p>\n<p>[00:51:09]\u00a0<strong>Ramit:<\/strong>\u00a0No, the answer is right in front of you.<\/p>\n<p>[00:51:11]\u00a0<strong>Jibran:<\/strong>\u00a0Spending. Spending on the things that we care about and the things that we enjoy to make our lives better.<\/p>\n<p>[00:51:18]\u00a0<strong>Ramit:<\/strong>\u00a0Yeah. The answer is if you want to spend more meaningfully, you spend more meaningfully. That is my wish for you, that you don\u2019t just play one note. That you play lots of notes, and you play them very passionately.<\/p>\n<p>[00:51:33]\u00a0<strong>Jibran:<\/strong>\u00a0Mm-hmm.<\/p>\n<p>[00:51:34]\u00a0<strong>Ramit:<\/strong>\u00a0All right. Thank you, Noor. Thank you, Jibran. Let\u2019s give them a round of applause.<\/p>\n<p>[00:51:38]\u00a0<strong>Noor:<\/strong>\u00a0Thank you.<\/p>\n<p>[00:51:39]\u00a0<strong>Ramit:<\/strong>\u00a0All right, guys. Thank you very much.<\/p>\n<p>[Narration]<\/p>\n<p>[00:51:44]\u00a0<strong>Ramit:<\/strong>\u00a0I really like Noor and Jibran. You can tell that there\u2019s a lot of love here, and it took a lot of courage to talk about money and their relationship in front of an audience in Philadelphia of hundreds of people. What really stood out to me is that they are living old stories. One old story is the one from Jibran\u2019s childhood, where saving money was the primary thing to focus on.<\/p>\n<p>[00:52:06]\u00a0But there\u2019s another story of how the two of them relate, like Noor asking for something, then Gibran saying, okay, and then Noor saying, wait a second, I\u2019m not sure I really want that. They both have an amazing opportunity to change the trajectory of their lives and their kids\u2019 lives. But it takes turning the page on these old stories and moving into the new chapter of their life.<\/p>\n<p>[00:52:28]\u00a0They have money. Accept it. Appreciate it. Be grateful. Be generous. And also have some fun. You worked hard for it. After I spoke to them, I asked the audience for their reactions.<\/p>\n<p>[00:52:43]\u00a0I\u2019m actually curious to hear from you about what is one thing you can take away from Noor and Jibran for your own relationship or your own personal spending.<\/p>\n<p>[00:53:00]\u00a0<strong>Audience Member 7:<\/strong>\u00a0The main thing I\u2019m taking away from my experience here is living my Rich Life, but also including that more with my partner.<\/p>\n<p>[00:53:14]\u00a0<strong>Audience Member 8:<\/strong>\u00a0So for me, the main takeaway that I would like to take from what we experienced with him on stage would be having a clear understanding, I said, what I want to do with the retirement savings? What am I actually trying to fulfill with that? Is one thing that I want to have a clearer picture on.<\/p>\n<p>[00:53:29]\u00a0<strong>Ramit:<\/strong>\u00a0I love it.<\/p>\n<p>[00:53:31]\u00a0<strong>Audience Member 9:<\/strong>\u00a0I wrote it down verbatim. It was when you said, we don\u2019t think meaningfully about the skill of spending money. Because I\u2019m so focused on saving all the time, I never think, you\u2019re right, how do I meaningfully actually apply it in ways that are significant?<\/p>\n<p>[00:53:51]\u00a0<strong>Audience Member 10:<\/strong>\u00a0I have a 15-year-old son. My biggest takeaway is how he is truly seeing us as a unity when it comes to finance and not have him pick and choose who he wants to be like.<\/p>\n<p>[00:54:04]\u00a0<strong>Audience Member 11:<\/strong>\u00a0The main thing that I am taking away from this experience is to make more of what I\u2019m already doing more magical. That really resonated for us and something as simple as checking a bag on an airplane. I don\u2019t know how many times I\u2019ve thought it\u2019s got to be a carry-on. I don\u2019t want to pay for the check bag, and it\u2019s 60 freaking bucks. We can afford the bag. So goodbye, carry-on bags.<\/p>\n<p>[00:54:26]\u00a0<strong>Ramit:<\/strong>\u00a0Love it, love it, love it. Round of applause. All right. I really enjoyed this conversation, and I especially enjoyed doing it live. I\u2019ve got a lot more events coming up. Stay tuned for the announcements to get tickets.<\/p>\n<p>[00:54:38]\u00a0<strong>Noor:<\/strong>\u00a0Working with Ramit was great. It felt like he just really got to the root of things really quickly and really opened my mind about the way I think about things, how I\u2019m perpetuating money psychology that I didn\u2019t even know I was perpetuating and what that impact could be on my kids and our life today.<\/p>\n<p>[00:54:59]\u00a0<strong>Jibran:<\/strong>\u00a0It was smooth, great, and insightful. He talked a lot about what we\u2019re doing, why we\u2019re doing it, the psychology, and it really drove home those points that we know, but he really helped peel back the layers of the onion and allow us to think differently about money.<\/p>\n<p>[00:55:18]\u00a0<strong>Noor:<\/strong>\u00a0The experience was better than what I expected. It felt so natural. I really appreciated how deep he went. It felt very conversational. Sometimes I forgot that there was an audience, and I also felt like he was just rooting for us and wasn\u2019t judging us.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Noor, 32, and Jibran, 34, join me in our first ever recording in front of a live audience at my Philadelphia event. They make $250,000 in a low cost of living area. Noor wants to finally take a vacation and spend on things that make their life easier. Jibran would rather save, opting to cook [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","om_disable_all_campaigns":false,"_lmt_disableupdate":"no","_lmt_disable":"","_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[290],"class_list":["post-118871","post","type-post","status-publish","format-standard","hentry","category-podcast-episodes"],"acf":[],"aioseo_notices":[],"modified_by":"Nasrin","_links":{"self":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts\/118871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/comments?post=118871"}],"version-history":[{"count":0,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts\/118871\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/media?parent=118871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/categories?post=118871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}