349: Ramit Sethi – Living Your Rich Life
Ramit Sethi (IG: @ramit) is the author of the New York Times bestseller, I Will Teach You To Be Rich, and has become a financial guru to millions of readers in their twenties, thirties, & forties.
He started his website, iwillteachyoutoberich.com, as a Stanford undergraduate in 2004, and he now hosts over a million readers per month on his blog, newsletter, & social media.
In this episode, we discuss:
- Ramit’s got lucky playing the stock market in the early days
- Why Ramit developed his own philosophy about money
- Focus on 3 big wins in your life
- Starting the blog, I Will Teach You To Be Rich
- A rich life is about more than money
- Creating a conscious spending plan
- Ramit's guide to automating your finances
- Ramit’s favourite checking, savings, & credit card accounts
- Savings vs. investing
- Real money is made by investing
- Emergency fund recommendations
- How to negotiate your salary
- Be in control of your money
- Target date funds change automatically as you age
- Index funds need to be rebalanced periodically
- Should you start investing if you’re in debt?
- What is your debt pay off date?
- Is real estate a good investment?
- Leasing vs. buying a car
- Do you need a financial advisor?
- What to do with your money during the Coronavirus (COVID-19) pandemic
- Opportunities to make money are everywhere
- You must believe your business is important
Show sponsors:
Organifi <== 20% off all Organifi products
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Related links:
Ramit Sethi - I Will Teach You To Be Rich (book)
Ramit Sethi's website (I Will Teach You To Be Rich)
Follow Ramit Sethi on Facebook, Instagram, and Twitter
I Will Teach You To Be Rich - Negotiating Salary (Ramit's course)
Thomas J. Stanley - The Millionaire Next Door (book)
Related episodes:
328: Kyle Cease – The Illusion Of Money, Sitting In Silence, Social Media Boundaries
327: Eric Thomas – The Secret To Success, Learn By Teaching, We All Need Inspiration
318: Michael Hyatt – Achieve More By Doing Less, Work Productivity Hacks, The Power Of Constraint
307: Elizabeth Willard Thames aka Mrs. Frugalwoods – Financial Independence Through Simple Living
149: Jen Sincero – Make Money By Mastering The Mindset Of Wealth
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