Dating Red Flags, Power Moves, & Money Dates

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How do you navigate the world of dating as an aspiring Rich Person? When's the right time to bring it up? How do we make checking in about money "fun"? We cover all that and more in this wide-ranging Rich Girl Roundup.

Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.

Our show is a production of Morning Brew and is produced by Henah Velez and Katie Gatti Tassin, with our audio engineering and sound design from Nick Torres. Devin Emery is our Chief Content Officer and additional fact checking comes from Kate Brandt.

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Transcript

Transcript

Katie:

The feminist part of me goes, well, any gender dynamic that presupposes that a man should be a provider is just whack and antiquated. And then the internalized patriarchy part of me is like, oh, your man doesn't have a job. Deadbeat, dump him, hit him with your car. Who cares? He's just a guy.

Welcome back, Rich Girls and Boys to the Rich Girl Roundup weekly discussion of The Money with Katie Show. As always, I'm your host, Katie Gatti Tassin, and every Monday morning my executive producer Henah and I use this segment to talk through listener questions, interesting money stories, and more casual financial topics. Here's a quick message from our sponsors before we get into it.

This week's upcoming main episode is about how to break up with your financial advisor if you realize that you maybe are not working with the best one. So lots of dating references today. We'll cover if it's time to move on and tactically how to do so and how to reconstruct your financial life yourself in the aftermath. Okay, onto the roundup. Henah, how are we today?

Henah:

I'm excited. This should be a funny conversation. This week's question always comes up whenever we put out a call for questions on Instagram, which is essentially how do we approach dating and relationships and money? And I had a funny tweet I saw this morning actually, that I wanted to share with you. It says, dating got to be fun as hell, being women not paying for shit. Imagine taking her to breakfast and she has two dates after that.

Katie:

Didn't Vivian of Your Rich BFF go viral at one point? Because she was like, this is how I don't pay for food in New York City. And it was like I go on a different bumble date every night or something.

Henah:

Yeah, I think that was her.

So Katie, I'd love to know what is the most egregious money thing that's ever happened to you on a date?

Katie:

The most? It's been so long since I've been in the game.

Henah:

You have game?

Katie:

The most egregious. You're not familiar with my game.

Henah:

I'm not.

Katie:

What's funny is I can't think of a specifically egregious money thing, but at one point in my pre-Thomas life, a man told me he didn't believe in evolution on a date. And I just left the table and went home, which isn't a money thing, but can you believe? And then a week later I went on a date with Thomas.

Henah:

Wait, rewind. So he says, I don't believe an evolution or it comes up and then you literally get up and leave?

Katie:

Yeah, I'm trying to even remember now how we got on this. Somehow we were talking about that and I think he made an offhanded reference to “Well, and then some things that the Bible talks about are real and science isn't like evolution.” And I started laughing. I thought he was kidding. And then he just stared at me straight faced and I was like, oh, oh, you're okay. Yeah. Well, excuse me. I mean, I think we actually got into it a little bit because I was like, so wait, you don't believe in evolution? And he was like, no. And I was like, well, look, I mean I am a former Catholic school kid and I too believed that Adam and Eve and Noah's Ark were literal historical accounts of what happened until I was 13. At the same point that I found out Spain wasn't in South America. I mean, it was a big year for me.

Henah:

Was that pre-Proactiv or?

Katie:

That was probably mid-Proactiv. There was a lot happening at that time. That's probably what caused the need for Proactiv actually was all the tumult in my personal life stressing me out.

Henah:

Okay. Well, I also have been out of the dating game for almost a decade, so I don't know how things have changed, but I feel like I always proposed halfsies on every date I'd been on. And then if they offered, I would kindly accept…

Katie:

You would propose halfsies or that you were proposed halfsies?

Henah:

I would propose. If the bill came, I'd just be like, oh, we could split this. But if they grabbed it first and insisted on paying, I'd just be like, alright.

Katie:

Did you do the bill dance? And were you pretend to reach for it, but you kind of go slow on purpose?

Henah:

A little. But I kind of also, the feminist in me was like, yeah, you could pay half. And then the other half was like, nah, he rich, make him pay.

Katie:

Okay, I got you. Well, there was one other boyfriend that I had, and money really only came up because he made a lot of it compared to me, and I gladly let him pay for everything. Would not deign to suggest going halfsies on anything. It was a passenger princess for life. I mean Passy P through and through.

And I remember this one time he was on Robinhood and every Saturday would be like, well, I've got to work. I am trying to code a, he's like a developer. He's like, I'm trying to code a day trading app that'll automatically trigger trades based on specific price movement. And I, in my ignorance at the time was like, wow, he's so sophisticated. What a financially evolved man. I do believe in evolution and that would be cute, but also can you go buy me an iced coffee? So I don't know the turntables, I suppose.

Henah:

I was going to say how the turntables, so Jovanni and I have this thing where we have one shared AmEx and he's notoriously bad at knowing what to put for the tip amount. One time we went out to dinner for four people and he paid for the bill for all of us. And we were like, oh, we'll just Venmo request, whatever. And the bill was like $260 or something, and the man tipped over $80. He gave an $80+ tip because he just couldn't do the math fast enough. And then I got home and I was like, what?

Katie:

He just panicked. He wrote down a number.

Henah:

Literally. So I was like, okay, I'm going to handle the tips from now.

Katie:

You know the easy tip trick, right?

Henah:

Yeah. You divide by 10 and multiply by two.

Katie:

Yeah, yeah. Isn’t he an engineer?

Henah:

He's a flavor scientist. He's good at chemistry, not numbers.

Katie:

I'm going to be so real with you. Flavor scientist feels fake. That feels made up. It feels like something that you would like how someone on the Bachelor would describe themselves when they're like, they bartend at parties. I'm a flavor scientist.

Henah:

No, this is a real, real position. His literal job has been to develop new, no math though. Flavors and stuff. No math. So anyway, so when the bill comes, usually I'll just take the bill because I know what the tip is, but they always hand the bill to the guy first. And I think that that's so funny. But then I'm like, do they think I'm the sugar mama when I take the bill in my hand?

Katie:

I always love reaching across the table like, nah, let me get it with our shared joint bank account.

Yeah, exactly. Well, Thomas and I's financial relationship is interesting. It started, I honestly think it all started because when I say it all started, I'm referring to our conversations about money because he was in law school at the time and he was using, it was during a pretty decent bull market and he was using capital gains basically to help pay for law school. And he had explained to me, yeah, I'm using this investment account to help pay for law school and I've already paid for a semester's worth and there's more money in it than when I started or something to that effect.

And I was like, huh, come again. How does that work? So yeah, that really piqued my interest as a greedy wage worker in my cubicle from nine to five. I'm like, so you're telling me that you have a magical money pot that is just generating returns for you?

Henah:

We have Thomas to think for Money with Katie, is that it?

Katie:

Well, the real origin story is a little more complicated, but that was certainly one, the original, one of the accretive pieces of evidence that got me thinking like, oh, this money stuff is pretty interesting. I should probably figure this out. And then he really encouraged my interest in fire. And so that became a jointly shared goal for us. Fortunately, it was never an awkward topic. It almost became a hobby in a way.

Henah:

It was actually the polar opposite for us where we were doing a lot of halfsies, and then when we moved in, we started divvying up money proportionally based on our income because we weren't officially sharing everything yet, but we had hugely disproportionate amounts. So it made sense. Unfortunately, now we're back to halfsies, which is sad for me and good for him, I guess, even though it's all one pool. But I feel like there were a couple people who wrote in who said, I make six figures as is my partner, but he won't let me pay for anything. And I guess…

Katie:

Queen. Go off. What's the problem?

Henah:

What's the question here? My number one question was like, is there a problem? Do you want to be paying more? And two, do we see that as more of an issue in more serious dating? That's when the real money conversations come out versus the check dance of…

Katie:

Well, okay, this is bringing up a couple things for me. The first is that these norms are so culturally encoded, even if you've fancy yourself a very progressive person, I think that the gut instinct, if you've mainlined Disney movies your whole life, the feminist part of me goes, well, any gender dynamic that presupposes that a man should be a provider is just whack and stupid and antiquated. And then the internalized patriarchy part of me is like, oh, your man doesn't have a job deadbeat, dump him, hit him with your car. Who cares? He's just a guy.

[TikTok]:

He's not the love of your life. He's literally just a guy. Hit him with your car.

Katie:

It's funny because literally just the other day I was scrolling Reddit and I saw a Reddit post on my homepage about a writer who supports her husband because he's starting a business, and it was in this subreddit that's mostly populated by women, and they were all talking about how embarrassing it was that she had to support her husband financially and like, oh my God, she should run.

Henah:

Wait, wait, wait. They were commenting on her, but she was not part of the thread or she had originally written it?

Katie:

Correct. They were talking about this writer. Yeah.

And they basically were like, oh my God, it's so embarrassing that she has to financially support him. She should run for the hills. What a red flag. And I just thought it was so fascinating because I'm like, we would never talk that way if a situation was reversed and if it was a man supporting his wife while she was starting a business, we'd be like, oh, love it. So supportive. But when it's a guy that's down on his luck and needs to be subsidized a little bit while he starts a business, it was just funny. I know all these people are women because of the nature of the subreddit, but it was just weird.

Henah:

That brings to me…this reminder my cousin once told me; they've been married for over 20 years, and she said, it's never going to be half and half. Some days you're going to have to support him. Some days he's going to support you, and it all comes out in the wash. It's different, obviously, if you're dating and you've been together a couple months and he's like, yo, can you subsidize my lifestyle five grand a month? But I think it's interesting to talk down to people who are like, they might be pursuing their dream job finally, or building their dream business, and if she doesn't have a problem with it, why do you?

Katie:

Yeah, and it also occurs to me that the gender dynamics, I wonder what the gender dynamics are like in queer relationships if two women are dating or two men are dating, how the financial norms change.

Henah:

I listened to a pod, it was a This American Life episode where the guests were talking about questions that people will ask a question, but they're really trying to ask a different question. And so the example was a gay couple where they would ask one of them, so who's more handy around the house? But the real question they were asking is who wears the pants in the relationship? And that in most queer relationships, people will kind of still assign one person as the breadwinner and the other person is not.

Katie:

Interesting, but it's just not like a, it's truly more of a question at that point though of that I would assume comes down to personality type rather than gender.

Henah:

Yeah, I mean, I don't know.

I think a couple people though have said, when's the right time to bring up money?

Katie:

Well, I don't know that there is a right time. I think what's funny about the question even is that it implies that money is not a factor until you physically consciously choose to address it. Which to our earlier points about the check dance money is a presence in the relationship from the very beginning. It's a function in where you guys go on your first date and if someone is going for the check. When you guys talk about work, I feel like to suggest or to assume that money is not a presence unless you're actually explicitly talking about it, is kind of interesting.

Henah:

Yeah, I agree with you. I do think that it's a little different though. I guess when you're talking about once you move from just kind of dating around to being in a more serious long-term relationship, it's like when do you have that conversation? And we've talked on the show about how financial transparency or a lack thereof can be these huge motivating factors in ending a relationship. But I personally kind of laid the cards out really early and tried to normalize it early so that it didn't feel out of left field.

Katie:

I'm curious what you mean when you say you laid the cards on the table early. This was 10 years ago. This was not Money with Katie Show Henah. This was early twenties Henah. So what was your driving impulse at the time? Because it obviously wasn't an especially financially sophisticated operating system that was driving that decision at the time.

Henah:

I think at that point it was mostly because he had a lot of student loans and he paid rent. And I didn't at the time, and I had already paid off my loans because I had the privilege of living home after graduation. But I also…

Katie:

I don’t know that I knew that about you, that you lived at home after graduation. How long did you live at home for?

Henah:

I graduated in 2013, and then I worked for a year living at home, but then I started grad school, so I continued to stay at home because I was in grad school and I quit my full-time job. And then Jovanni and I had already started dating. So by the second year of grad school we had moved in together.

Katie:

Oh wow. So you had never lived on your own or with a roommate? It was from, okay, that's interesting. I didn't know that.

Henah:

Just in college, but my parents were great to live with. They were really progressive. They didn't care if I was out doing whatever as long as I was safe, but gotcha. I had friends who were like, I need to get out as soon as I graduate. I'm not trying to go back.

And so I was really lucky in that way, but when we first got together, it was very much a, you make more than I make. You have far more student loans and you have to pay rent and I don't have to do that. So how do we make this work? And he also had had some consumer debt and his family had had some questionable money things come up that he had asked my advice about. So for example, someone in his family asked him to co-sign a loan for surgery or “Oh, so-and-so's uncle needs a couple grand right now.” And we were like, okay, we don't talk to these people.

Katie:

So you're sourcing this week's money story in house.

Henah:

Well, it was a very eye-opening conversation because it helped me to understand the money dynamic things that he was growing up with and where he was coming from versus where I was coming from, where my mom's a credit manager, every bill is paid in full every day. It just was so different. So it ended up being a good conversation, but it was really hard.

There were times where he was like, no, I'm going to prioritize me being happy and doing this class instead of me saving. And that took a while for us to get on the same page about.

And then there's people who react really badly to wanting to have that conversation. And so I dunno, has that ever happened to you or that you've heard from readers?

Katie:

Yeah, actually I do have one story that comes to mind. Someone reached out to me after the divorce and money episode, which if you're listening to this and you haven't heard that one, definitely recommend going back and listening to it.

We released it a few months ago, but someone had reached out and said, Hey, I listened to that episode and I'm kind of freaked out because a lot of the behavior that was described as far as a husband who doesn't want to let me get involved, she's like, that's my situation and it's now occurring to me that all of the reasons he tells me I shouldn't be involved in the finances or that it's too complicated or whatever might be bullshit. And she's like, my bullshit meter is going off now hardcore. And she mentioned that she had bought the Wealth Planner and was excited to use it and learn about personal finance and that she was really gung-ho about the process and that he kind of shot it down and was like, no, our situation's way too complex for that.

And I was like, brother. The product side of me gets defensive. I was like, ma'am, let me assure you, nothing is too complex for the Wealth Planner. I'm like, our situation is very complicated and it's not too complex.

But yes, we kind of talked about it, but I just kind of encouraged her and said, yeah, I mean instinctually my gut is to tell you that there might be something going on here, and if he is unwilling to share access or decision-making power with you, that is something to probably seek professional help about. And if he's not willing to do that, I'm not trying to give you marriage advice, but that doesn't sound like a good situation to me. And obviously she heard the episode so she knows how things can go really wrong. But anyway, I do think that for me, the number one risk in a situation like that is what she's describing, which is basically you have a partner who insists on having the financial control and is unwilling to share it with you and is uninterested in your input.

I think that is very dangerous. When I hear things like something going, I make six figures and my man makes six figures and he doesn't want me to pay for anything. I'm like, send it sister, have at it, go to Turks on his dime, right? Because at you have your own source of income that it sounds like you're still saving and investing, you're not putting yourself in a dangerous position and maybe long-term, or maybe under the surface there is some weird chivalry slash misogyny thing going on where who knows, maybe he's just trying to be charming and woo you and it's a benevolent drive. But if it's like a women shouldn't work or pay for things, I would run as far as possible in the other direction.

So unsure what the underlying intentions are, but it doesn't strike me as necessarily problematic. If they're trying to pay for everything, they're just trying to impress you as long as you have your own source of income and savings and investments and whatever. And it's not like he's trying to be like, oh no, now that your dowry has been paid, your assets are mine.

Henah:

This reminds me. A common follow-up question, we actually get a lot, which is about gift buying for your significant other, what's the right amount or what's too much or how should I navigate this? And I don't have a hard and fast rule for one year, it's $100; for two years, it's $200. Although I should institute that because then I'd be getting a nice 1G gift this year.

But I try to buy gifts for my significant other that I can feasibly afford, but they would not be willing to spend that much on their selves otherwise usually. So for example, this was basically a wash, but Jovanni bought me an Oura ring. I had been hemming and hawing about whether I wanted it, and I just bought him a PS5. He had been hemming and hawing if he wanted it, and it's pretty much the exact same amount of money and it comes out from the same pool. But it just made both of us feel like we wouldn't have spent it on ourselves comfortably, but for some reason it was easier to do for the other person.

Katie:

Yeah, that's interesting. I feel like I've always been a wooer with the gifts.

Henah:

Oh, so you go big.

Katie:

Yeah, but not every year. I remember 2019, Thomas and I had been dating for almost two years, and I bought him an iPhone for his birthday.

Henah:

Oh, wow.

Katie:

And that was probably $800 I, and it wasn't like I really had any business doing that at the time.

Henah:

She’s a suga mama.

Katie:

Yeah. I kind of become a different person when I'm giving gifts, I think. And I think it's just, I selfishly just love the reaction.

Henah:

It's like when you look bad at work every day and then the one day that you just look normal, everybody's like, wow, you look amazing. It's like that.

Katie:

Yeah. Well, it's like the slot machine, the variable reward. It's like, what are you going to get a $2,000 home renovation or am I going to give you a golf shirt?

Henah:

20 bucks to Target?

Katie:

Yeah, could go either way.

Henah:

I agree with it. I know people are controversial about love languages because the guy who created them is a little ehhh.

Katie:

Is he?

Henah:

Yeah.

Katie:

Is there a tea on that guy?

Henah:

I believe he was either sexist or racist or maybe both. So I don't know. But I know that gift giving can be a really big thing for people. And so I ultimately land on if you can comfortably afford it and you want to spoil them go off.

Katie:

Interesting. It's like a love language thing where you're like, if your partner is someone that likes that. Yeah. Okay. I think Thomas does. I think he enjoys gifts.

Henah:

I'm like I want someone like you to be my partner. Because Jovanni’s really good at the like, oh, I thought of you when they had cookies at work, or…

Katie:

That's so funny.

Henah:

I love this candle. I know you, I saw it at a market and I thought you'd like the smell kind of thing. It’s very sweet on an everyday basis, but there's never really a grand gesture.

Katie:

You’re like woo [me], bitch, I want to be wooed.

Henah:

There's never a grand gesture. Sometimes you just want a little surprise that you weren't planning to ever get yourself.

Katie:

Yeah, I feel you. That's interesting. Okay, so we've talked about gifts. We've talked about the interesting gender dynamics that can come up in dating and how deeply entrenched they are and how you actually might be able to pick up on and notice things just through the course of early dating without even having to talk about it. We should probably talk about how you can establish routine around having these types of conversations.

Henah:

I think the big one is money dates. I know people run away when they hear we're going to sit and talk about money, but I do think that if you make it a fun experience, it doesn't have to be the scariest thing in the world. And I found that Jovanni, who hates talking about money, now that we do it, I dunno if it's because I've conditioned him like a Pavlovian dog or something, but he's interested.

Katie:

Does he always get mozzarella sticks when you talk now you just bring out a plate of mozzarella sticks. And he's like, I'm finding myself thinking about Roth IRAs, what's going on?

Henah:

He doesn't do that. I mean, we have done takeout, but it's also, if it's the first of the month, he knows that I'm updating the Wealth Planner. So shout out the Wealth Planner, but he will text me from work and be like, okay, my pension balance is this, my 401(k) balance is that, my Roth…

And then we come home and we look at it all together and he knows that either the last day of the month before or the first day of this month, and I think because he's seen the progress, but I would say

Katie:

Wait, say more about that. Because he's seen the progress in the Wealth Planner. He can see you guys getting richer over time. So now he's like, all right, sweet. I'm in.

Henah:

Yeah, when I first started, we first started putting stuff in there, he was not motivated. And then since we basically doubled our net worth in the last year and a half, he's now, it has become a little bit gamified to him, but last month it was a little bit of a, I wouldn't say a bear market by any means, but it dropped a little.

Katie:

We were down last month, too.

Henah:

Yeah, and our net worth dropped and he was like, oh. It happens. So it was a little bit demotivating, but I think in general it just helps build the practice of not making this seem so scary is just like all you got to do is type the numbers in and then that number goes up. And that's real nice to see.

Katie:

And this concludes a covert 30 minute advertisement for the Wealth Planner, linked in the show notes. Get your Wealth Planner now.

No, I agree. I think that there actually has been, it's nice to have, I don't want to say a central repository that kind of functions, it's almost like an agenda in a meeting. It's one thing to be like, Hey, let's start having money dates where we come together and just talk about our finances. I mean, I can see what people would be like, huh, what do you mean? We're going to come together and talk about our finances, how we're feeling about our money, which some people might actually love that and be super into it and be like, yes, down. I think other people need the guide. And so if you have the agenda for the meeting aka Wealth Planner, or if you don't like the Wealth Planner, which why wouldn't you? But if you want to use something else, that's great, but to have almost, it's almost like a crutch, right? It's like, oh, these are the questions that we have to answer. These are the cells we have to fit in. It almost lets you put the onus on a third party so that you are not the person being like, so how much did you invest in your whatever this month? That's true. It's like, Hey, the spreadsheet's asking us this question. What do you want to say to the spreadsheet?

Henah:

That is so true. Actually, he would get annoyed when I would ask, but now that I just put it in the spreadsheet, I'm like, okay, January, February, March. He's like, okay, this. So I actually think that's a super valid point and it makes it less judgmental because you're literally just putting the cold data in there and then afterwards you can kind of talk about it, but at least the numbers are in front of you.

Katie:

Yeah, they're kind of doing the heavy lifting for you. Well, I'll say if you're the quote responsible one, if you're the one that's foisting the spreadsheet on your relationship, which I know Ramit Sethi would listen to this and be get out of the spreadsheet, but listen, Ramit, I'm going to stay in my spreadsheet. I'm sorry just for a little bit longer. Please. It's so warm and cozy in here. I like it.

But if you're the one foisting, the spreadsheet on the relationship, it's like a Trojan horse. And I think your point about you're just in putting the cold data, it's not judgmental. You're leading the horse to water. You're allowing the other person to come to their own conclusions. You're not telling them how they should or shouldn't feel, but he last month goes, oh, it's down. It's like he had a reaction to that, which maybe, I don't know for sure, but in a perfect world, maybe he goes, huh, maybe I shouldn't spend, I was going to spend $2,000 on this month, or I was going to blow all this money next, but I'm not actually feeling that good about that now, so maybe I won't.

That's the conclusion that you draw on your own and you don't have to be told…

Henah:

Where's he spending two grand? Because…

Katie:

Girl, I've seen that fun fund. She is the expense manager. No, this is so funny. We always joke about what was the, can I tell the story about?

Okay, so Jovanni got a bonus and Henah’s like money managing behind the scenes and she's showing me her spreadsheet to be like, so this is the tax refund. This is money from this, this is money from this. This is how it's all coming together, so I'm going to let him spend blah, blah, blah. And I'm howling laughing. Literally, here's the amount of his bonus that I'm going to let him spend. And I'm just LOLing now putting two and two together that the person emailing me being like, wait a second, my husband is controlling. I'm like, oh my God. It was Jovanni using a burner email account being like, my wife won't let me spend my bonus.

Henah:

No, no, no. Okay. Here's the thing. We've talked about this on the show is that he's not very good if we don't have parameters. So I just say…

Katie:

You need boundaries.

Henah:

We need boundaries. And I think when you get a bonus, it was in the five figure range. It's very easy to be like, I'm going to go buy all the things. And so I was like, let's slow down here. But yeah, I did say, yeah, he can have this much of his own money to spend.

Katie:

It was so funny, like I'm going to let him have this. I was like, wait, hold on, back up. Isn't this his bonus? You're like, well, yeah, but…

Henah:

Yes.

Katie:

Incredible. You're trying to help the dude out and now he's bought in.

Henah:

Yeah, but at the same time, you're the one who's like, it's all the same, whether it's his money, your money, it's all the same money. So which is it Katie? Is it his money?

Katie:

It's all the same. Hey, but you know what? You don't want to play this game with me, Miss Girl, because you literally still describe it as going, I pay half, he pays half. So in your head, it's really still not all the same.

Henah:

Well, I'm saying from the prorated angle, it's no longer prorated.

Katie:

The prorated angle?

Henah:

The disproportionate incomes that we had. Now it's just we both make the same.

Katie:

Both. If you were to apply it. Yeah, I see what you're saying.

Henah:

I do have two fun dating stories.

Katie:

Oh my goodness. Okay, hit me.

Henah:

They're on theme. The first is from someone named Shannon B., and they said, my husband just bailed his brother out of $200,000 of gambling debt and his wife has no idea.

Katie:

What? Yeah, yo, $200,000 to be able to bail someone else out of debt. I don't think there's anyone on earth. I love enough to bail them out of $200,000 of debt.

Henah:

That’s not true. That's not—your grandma, your own parents?

Katie:

If grandma got into it deep at Caesar's, I feel like, I feel like, you know what, girl that’s on you.

Henah:

No, you would not.

Katie:

200 grand. That's crazy.

Henah:

That is crazy that they could just do that. But also that you had racked up that much and that the wife has no idea. That's really scary.

Katie:

Yeah. I mean you'd have to be a pretty good covert gambler to be able to, that's wild.

Henah:

So the other one is from Amy. This one made me laugh. It was one of those things where they fit it all in the Instagram box, so it was written really in six characters. It said, my ex hid investments in our divorce. He just died (which rest in peace). But they said Schwab contacted my broker. I was the beneficiary. His family was mad, and it took months to figure out. It was $1.25; the total, no zeros left out.

Katie:

Ha.

Henah:

It was the “no zeros left out” that took me, that one sent me.

Katie:

You’re like, this is not a typo. Oh my God. I'd be like, you know what, y'all just keep it. It's cool. My gift to you.

Henah:

Can you imagine fighting for months for $1.25?

Katie:

And I assume she didn't know until the fight was over that that's how much it was about.

Henah:

Yeah, because she said that he hit investments in the divorce, so…

Katie:

I have to think that's some money manager…where did you say, Schwab? Yeah. I'm like, I want to see the fees. I want to see the quarterly statements for the last however many years, that have been bleeding this account dry. Oh man.

Alright, well I think that is all for this week's Rich Girl Roundup. We will see you on Wednesday to talk about what? Perfect segue, Katie. Wow. Masterful. A different kind of breakup, breaking up with your advisor who might be bleeding your account dry.