5 Rules Every Rich Person Uses to Make Money

[@GalvanizedPlays]

Thanks Ramit. After reading your book, I'm now debt free, created and auto invest into my retirement account, and automatically save using an HYSA. I closed my savings account with Chase and I'm never going back to my old ways of transferring from my savings to make a non-essential purchase. Having a money management system has truly made this all a no brainer. You're the man!

[@ebonybeauchamp5380]

Whats the name of his new book?

[@frankpace5510]

​@@ebonybeauchamp5380Same as his channel. I will teach you to be rich

[@lowlowseesee]

@@ebonybeauchamp5380 Money for Couples, out in Jan

[@stevenporter863]

4:30 A few months ago a utility company cancelled my scheduled payment. Only discovered because I logged in to check. The answer when I called: 'system update, and good you caught before the due date otherwise it would be considered late. We are not responsible for system errors or updates.' I usually agree with Ramit, but life is not set and forget - it is set and spot check since NOTHING is 100%. Computers are only as good as the people running them.

[@MissGirl1450]

I still balance my checkbook every two weeks on my checkbook app. I have all my regular expenses set up each month to pay and in the app. So if my account doesn't match that app, I know something is wrong.

[@rebeltheharem7028]

Yeah, same thing happened to me with my trash bill. It was on autopay, but they switched systems, and never sent a single message about it. I only found out about it when I was doing my occasional bill spot check, and wondered why I was underspending on my trash budget.

[@murphydaquan]

I invested for the first time in my life last month. Gonna do it every month now.

[@EDunn21]

Keep at it and be disciplined! Time in the market is better than timing the market. Or the old Chinese proverb: the best time to plant a tree was 20 years ago, the second best time is today.

[@Oddy4-s3r]

🎉🎉🎉🎉🎉🎉🥳🥳🥳🥳🥳🥳🥳🥳🥳

[@the1337fleet]

Got called out not being productive at work 😩 3:45

[@CyrinaSwanston]

Thanks for the video, Ramit!! I think the hardest part has been figuring out what my values are (I'm 26, so still a pretty young adult) - identifying what I actually value versus what I simply like or enjoy on occasion has been the latest challenge for me. I've finally got it figured out, but it took a few years! Now, I have to figure out how to fund those values with time and money.

[@NicoleJurek488]

I'm one of those people that wear the same thing every day! 🎉 I wear nice clothes but I make it easy.

[@ntimn8r]

Oh shoot, how did you know I was watching this at work? haha

[@Safeway_Sage]

Thank you for this valuable video. I would like to highlight a component you touched on but didn't explicitly label: personal financial KPIs (Key Performance Indicators). You mention these when discussing the questions listeners should ask themselves. For instance, define your KPI for the percentage (or dollar amount) you aim to contribute to your emergency fund each year. Once you've defined your KPIs, you can set up automated systems and develop SOPs to ensure you're meeting these goals or know what actions to take if you fall short. Having SOPs or systems without clear financial KPIs leads to a lack of direction and hinders continuous improvement.

[@FrugalFamilyFocus]

YES!!! My Roth- auto, 529s- auto, sinking funds- auto, Thursdays- jambalaya, Mondays- spaghetti! It’s a system and happens regardless of life going on around us.

[@Nb61777]

1:14 what gets measured, gets managed!

[@gurbym5513]

The book is a must read for anyone/everyone. Thank you.

[@rebeltheharem7028]

I keep accounting records for myself (former accountant here), so I know my financial situation to the exact dollar.

[@0utta_Bubblegum]

dont be throwing shade at the broccoli bake. =P enjoy your content

[@SamPerez-21]

Damn first comment! lol Thanks for all these videos you’ve helped my wife and I so much in the last few months! We appreciate your hard work please keep it up!! Can’t wait to read your new book

[@philp3234]

Ramit would tell you to borrow the book from the library. So do that.

[@ramitsethi]

Thanks for watching!

[@markanthonyganotice1498]

Thank you for always inspiring. Content suggestion (out of curiosity haha). Ramit review his CSP.

[@lowlowseesee]

shirt matching the beard, take notes youngins

[@coastergirl98]

Uhmmm, I actually enjoy logging into my accounts everyday.

[@CarlosAguilar-st3mp]

Ramit you help me a lot. I’m not blind about money no more thanks

[@filb]

10:40 Reminds me of David Bach's book where he does all the calculations for a latte over time.

[@TatiH28]

Not Ramit calling me out for watching this at work lol 😅

[@michellegreen1072]

Can you put the commercials back into the box so I can skip past them faster?

[@JasonLucas2]

must be nice when youre a multi-millionaire. It's easy to talk about your monthly budget when you basically have unlimited spending, my friend.

[@farameen_mola_ali_a.s]

Which stocks or mutual funds is good world widely

[@Yourmission9]

I love getting my weekly dose of no nonsense financial advise, keep calling us out on our bad habits, it’ll stick eventually! Keep it gangster Ramit🕶️✌️

[@theredpilllion5922]

People generally fall into an economic class because of their psychology and their values. Each of the three classes has a characteristic psychological profile. For the lower class, it’s apathy. They have nothing, they’re ground down and they don’t really care. They’re not in the game, and they aren’t going to do anything; they’re resigned to their fate. For the upper class, it’s greed and arrogance. They have everything, and they think they deserve it - whether they do or not. The middle class - at least in today’s world - is run by fear. Fear that they’re only a paycheck away from falling into the lower class. Fear that they can’t pay their debts or borrow more. Fear that they don’t have a realistic prospect of improving themselves.” - Doug Casey

[@NM-hq1io]

After going through your book, I learnt how important it is to have that guilt free spending bucket, else you’re going to dip into your savings & feel like a douche

[@paulfriedman224]

Arby’s…We have Ra Meats!

[@dreamleaf6784]

remit never had costco pizza. lol

[@JBoy340a]

Great content. I use dividend reinvestment to automatically grow my accounts and that has worked well for the last 30+ years for me. Debating if should continue to invest aggressively as I move into later phases of life

[@xPOOPDog7]

Love the video!

[@baddboo]

The sarcasm is music😂

[@MotiveTales-zo3pl]

Ok sir I will start the following rules

[@Sincrow]

Let's goooo, let's get our bread up and WIN at life!

[@user-hu5os2gk3m]

Génial thank u goods tips

[@KERPALSINGH]

I used to be an Arby's hater too and then I ate there and it's really not that bad.

[@michellegreen1072]

How much is “rich”?

[@JETurp]

Different people and businesses catching strays all over the place in this video 😂

[@carbon-structure]

guru advice

[@peterzeller5736]

Automating Everything takes the guess work and brain power overload out of the equation.

[@Misantronic]

tbh, I took care of all my 30.000$ decisions in life. for me it‘s fun to optimize those 3$-decisions

[@happ-e5447]

Relax, Ramit

[@enzoeclipsed]

What are some other 330000 questions besides a property purchase?

[@thehoteldeveloper]

You gotta chill man. The stress will kill you! Trust me. I know. Lol

[@maggielapido548]

Right. I get his passion but he gives off anxiety.

[@marvinhawkins2000]

Great tips! But I can't stand for the Arby's Slander!!

[@CurieBohr]

New cars keep poor’s poor. How’s that big loud truck fella? Is it more enjoyable than a big loud portfolio?

[@Donkeyearsa]

People don't need to know what the rich do, what people watching such videos like this one need to know is what millionaires do. The people that are watching this are not going to be rich as the rich have far more important things to be doing than wasting their time watching youtube videos. The people who would be watching videos like this one will at best be multi millionaires if they are smart with their money. Braking things down to the simplest terms earn more, save more of a percentage of your income, invest smartly and take advantage of time by compounding over the long term.

[@megaosfan]

How DARE you be judgmental about me trying to better myself with education while at work. I can time manage and multitask just fine…. 😂😂😂😂

[@David010101010101010]

I love Joes pizza ❤

[@Mxyzptlk30]

I think you have an extreme, perverse view with most of the FIRE community or maybe you're thinking of the PovertyFIRE community. Most FIREees will not look at the cost of a burrito because they're already way beyond the $3 questions.

[@andrewgross1453]

What Arby’s do to you 😮

[@danvain]

Number one place people over spend is their stupid luxury vehicle.

[@jennifermoffitt4635]

LMAO at stop paying your bills manually.... well my mom still pays by check sometimes... What can you do? Boomers ;p

[@sixstringsdaddy2477]

Your perception of FIRE is so off, video after video.

[@Rashaadthegr8]

$10 coffee a day is $3,650. Now how many people will give you $,3650 without interest?

[@Knickerbocker7]

You seem mad bruh

[@TheEZOOD]

5:57 what’s with this guy antiwhiteism almost every video?

[@thenucas]

don't rope us normal people in with the Midwest just because you have a thin skin, pal

[@filb]

Here's your tin foil hat sir 🤡 ❄️

[@arh1234]

Easy target. The internet doesn't care if white culture is mocked.

[@colemin2]

I'm from the midwest. If you can't take a playful jab from Ramit, then I wonder if broccoli really is spicy for you.

[@Ryhm14]

White people think ice cream too spicy

[@dr_flunks]

re:1, yes. even if you have millions, you should know about each and every transaction in and out, or at least out.