264. "We’re worth $4M. Why is she so terrified to spend?"
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Why do J and Ana feel stuck despite having a $4 million net worth?
I wish I could just go out and just enjoy the money with my kids. It's just hard.
Right now you have like a four million dollar net worth. So what's the problem?
Think I'm a worrier. I just worry a lot.
Yeah.
What if that what if this happens? What if this happens?
We never have a true moment to just relax.
It's kind of ironic that making all this money has not made you both feel better about it.
I think I'm just afraid of messing up.
This is a skill that I think, Anna, you have to build. The ability to actually unlock parts of you that allow you to feel more joy. I actually want you to do it for your kids too. This is the beginning of changing your relationship with money. Some people watching like I never saw somebody struggle so much to go to a spa day. How much is enough? This is a question I ask my guests a lot, and I am shocked at how few people have actually thought it through. In my experience, less than 1% of people actually know what enough means. In my own personal life, I probably know definitely less than 10 people who know exactly what enough is. I think that's a tragedy. I actually think it's just kind of lame to spend your entire
Life working and agonizing and worrying about money, and you never even went the next logical step to say how much is enough. In a way, it's such a pointless existence to just accumulate more and more blindly without actually thinking about the natural endpoint, which many of us actually get the gift of choosing. Today I'm speaking to Jay and Anna. They are both 41 years old. Now let's take a look at their conscious spending plan. If you want my help to build your own conscious spending plan and to take control of your money, you can join my money coaching program. program at IWT.com slash money coaching. You will be shocked how far you get in 48 hours. Assets, 4.8 million dollars. They're 41 years old.
Investments 1.25 million. Okay, they probably own real estate. Savings, $136,000. Debt $2.28 million. So a total net worth of about $3.9 million. Okay. That's very, very impressive. Fixed cost 66%. That's kind of high for having that high of income. Investments at 3%, savings at 7%. And guilt free spending at twenty four percent, so they like to spend money. Okay. This is an interesting one. I'm looking forward to speaking to Jay and Anna. Now something rare happened. You applied To speak to me. Yes. It's almost always the woman in a heterosexual relationship that applies. So I'm really curious what made you apply to speak to me today.
A lot of the stuff that I do is the the quote unquote woman role, right? Like the finances and and and the outspokenness and stuff like that. The communication, right? I've I've always had a strong Communication.
You were the wedding planner?
No, I was not.
I don't know about that one.
Wait, I wa I was also No, you really I was like, uh have you all ever heard of a groomzilla? Okay. All right. Okay. Well let's take a look at the application because you said something that I wanted to ask you about. Jay, you wrote, We've worked and saved like crazy since we were sixteen, but it still feels like our foot is stuck on the gas and we don't know when we can cruise. What do you mean by that?
We've literally been nonstop. I mean, I started working when I was thirteen years old and and uh she started working around sixteen as well. And it's always just felt like I've literally never not had a job since I was of legal age. So when we got enough money, we started uh investing in real estate. And then not only did I have my quote unquote nine to five, but then it was also landlording or fixing homes up and stuff like that. So we never have a true moment uh Just relax.
And do you want that? I do.
That's my rich life.
Okay. Got it. Got it. Anna, what is your reaction hearing this?
Yeah, I mean Same thing, 'cause like he says. We don't stop. So I wanna get to a point where It makes sense for us to just you know what, we're good. Our finances are good, our kids are taken care of. Let's just sit on a couch and watch a movie.
You wanna do that?
Yeah.
So you both want to do that.
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Chapters
8 chapters
1
Why do J and Ana feel stuck despite having a $4 million net worth?
0:00–9:38
2
How do the monthly credit‑card statements spark arguments about spending?
9:38–36:09
3
What does the Conscious Spending Plan uncover about their income, debt, and savings?
36:09–53:04
4
How do their immigrant‑family background and childhood experiences influence their money anxiety?
53:04–54:28
5
What travel destinations do J and Ana dream about and how does that reflect their desire to relax?
54:28–1:08:27
6
How do J and Ana’s immigrant family scripts and work‑ethic identity keep them stuck on the “gas pedal”?
1:08:27–1:21:13
7
What would happen if they sold one or all of their rental properties and how does that impact their future wealth?
1:21:13–1:35:16
8
What concrete spending commitments can they make right now to start enjoying their “rich life” together?
1:35:16–1:50:11
Speakers
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