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.

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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:

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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)
Earnable (Ramit’s course)
Thomas J. Stanley – The Millionaire Next Door (book)
Warren Buffett (books)

Related episodes:

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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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