Smart Money Happy Hour with Rachel Cruze and George Kamel
The Art of Talking Money in Any Relationship
06 Feb 2025
Chapter 1: How does money affect relationships?
Today, we are talking about how money affects relationships and getting into some of the dilemmas. And this is not the romantic kind. This is just money and relationships.
Handling money differently than your in-laws. All right, next category, co-workers.
The group gift one kind of, it bothers me a little bit.
Hey guys, I'm Rachel Cruz.
I'm George Camel.
And this is Smart Money Happy Hour. This is the show where two friends who happen to be money experts talk about what you're talking about. Everything from pop culture, current events, and money.
We are sipping on a sparkling pink mocktail, which just sounds like the description of the drink doesn't tell you a lot about it. But it is all of those things, and it's very good. So stick around until the end. We're going to give you the rating and reveal the cost per glass. Beautiful. All right. Here's how we got here.
We came across an article about a husband and wife with an extra large wage gap who shared their story on a financial podcast recently. Here's the story. Gina earns $555,000 a year as a New York City attorney. James, her husband, earns $60,000 as a freelance musician.
The couple uses Gina's salary to travel throughout the year and invest 14%, but they're starting to struggle with this wide income gap. Here's the quotes. Gina said... And I quote, James said, James said,
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Chapter 2: What should couples consider with income gaps?
Yes, yep. Don't triangle. Don't triangle.
And it gets messy. So what do we usually tell them? Here's what I would say is, this is between the daughter and the mom. The husband, the in-law son, should not get involved and be like, hey, mother-in-law.
In what? What are you talking about?
In the conversation.
About what? The vacation? Oh, boundaries.
Whatever the boundary is.
Oh, yes. Oh, yeah, yeah. When you're having the boundary conversation, yes. Family on family. Do family on family. Yes, family on family.
I don't think as the son-in-law, I should get involved.
Yeah, yeah, yeah. I think that's fair. I think it's cleaner. Yes.
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