Ramit Sethi Will Teach You How To Be Rich! | BiggerPockets Money Podcast 73

[@hemangbhatt4829]

If you want to stop living in mint or any other financial apps or even in excel, I urge everyone to pick up Ramit Sethi's book - the power of automation is incredible.

[@LMCEK]

The automation process was made mainstream by David Bach's "Automatic Millionaire" published in 2003, 6 years before Ramit's book😃

[@MichaelP-ke1tm]

@@LMCEK Probably decades before 2003. Books rarely have new philosophies. It's just regurgitated information that they've learned which is fine.

[@JasonCWaite]

@@LMCEK true. I always wanted something better than smartypig to automatically pay your self 1st w/an amount, but rather by a percentage. automation , so interesting. will power isn't as efficient

[@katrinamillings3651]

I've learned you do have to be unapologetic if you're on a quest to improve your financial life. A coworker always makes jokes about how I watch videos like this on my lunch hour. For a long time I felt embarrassed like he was suggesting I was a bad greedy person obsessing over money or something. Then I thought about how he plays games on his phone and the boss watches her soap operas on hers. So, if I want to spend my spare time on improving my situation I have absolutely nothing to feel embarrassed about as long as I'm enjoying it.

[@qmakesithappen]

Personal finance will always be personal! This was an amazing episode and I love the difference in POV.

[@Dillstaaa]

This was awesome guys! I actually just finished the book a week ago and also Scott's book. Loved seeing you guys pick his brain and also the friendly debates. Great stuff guys!

[@thereacheliteprocess]

I am adding these videos to my Reach Elite Process!

[@acdc73034]

Great interview. Only suggestion I would make for someone stumbling upon this video is to explain what “fire, lean fire” is. Everyone through those words around with no explanation of what it is. Other than that, Ramit hit it out of the park.

[@MichaelP-ke1tm]

The guest is more interesting to listen to compared to the hosts. Definitely the one of the best guests of all time.

[@AlexSami-qw4qu]

Pat L that's why he's the guest.

[@MichaelP-ke1tm]

@@AlexSami-qw4qu Not true. There are plenty of podcast hosts that are interesting to listen to. Why do you think Joe Rogan has the biggest podcast??

[@JohnThePA]

Ramit has been on the blogging scene for a reaaalllyyyy long time.. he's used to it.

[@ChoskarChulian]

@@MichaelP-ke1tm true. Care for some elk?

[@vinceelhalawany8111]

@@AlexSami-qw4qu lmao.

[@RyanConradConradinspire]

Ramit did a great job! I didn't know much about him a few years ago but much like Scott and he aligned in their thoughts, I also agreed with much or all of what he shared today. LOVE IT! Thank you Scott and Mindy. Wonderful job as well!

[@thelmaespinel8558]

Jajaja he is so funny, thank you for bring him to the podcast. I love the advice about automated things .

[@Endeavor545]

Taxes are our biggest financial liability, hands down. Owning a house is liability, renting that same house and cashflowing it will make it an asset. A tax free asset. It takes financial education to do it though.

[@Larryamsterdam]

This was a great interview, I gained a new perspective on money and how to escape the paycheck to paycheck cycle.

[@816to305]

This is wonderful. I needed to hear this. I tend to obsess bout money even though i'm doing what I am supposed to do but it doesn't feel like its happening fast enough.

[@dpowell964]

Loved this podcast it was on point

[@fareedjumah3188]

The host kinda looks like De Niro when he smiles lol. Great podcast!

[@batirtzeurkiaga4973]

Awesome conversation. Thanks for this, all of you.

[@RosieOs101]

I was literally eating chips and habanero salsa when he said that. 😂🤣😂

[@vools8621]

Hi from Australia! Love the video! Thanks :)

[@margaretshields5313]

Great guest, thanks!

[@davidkazakov6232]

Big fan of Bigger Pockets and other investing blogs, but skeptical about 2 bloggers - Ramit Sethi and also Financial Samurai

[@kingP2011]

Great podcast, Thank you for sharing!!

[@PassiveIncomeTom]

Hmm, I need to get this book because it sounds like a winner!

[@MichaelP-ke1tm]

It's more of a beginner's guide to spending, saving and investing. You seem too sophisticated for basic books. It's mostly about putting money into an index fund ASAP, how to build credit which is basic knowledge and a lot of fluff.

[@LMCEK]

Really liked Ramit's book❤️ Curious though as to why he's making the rounds on ALL the podcasts now? It's been 10 years since I Will Teach You to be Rich

[@joffson]

Lissa K he made a second edition of this book that went to the stores May 14th. +80 pages and some new stories and examples:)

[@sherylchapman7809]

Lissa K I will teach you to be rich, second edition, updated 2019, perhaps book promo to help serve more people and it results in higher revenues.

[@user-ko3rx2ps7t]

3:16 "I'm SUPER excited about your book!!!!......urm what's your book called again?" LOL

[@zibtihaj3213]

more for the audience and to start getting him to talk about it

[@sherylchapman7809]

All Things Rosie Yes!!

[@wagnerpaivafernandes]

Amazing podcast 🙂👏👏👏

[@sandradavis3134]

Loved this!!

[@Xyz19781i]

wow this was awesome. I have his book and yet to read, but i will now.

[@kloukk]

Love all the aspects that you guys went through, keep it up!

[@jray1461]

The problem with his strategy is that it only works for people who make several tens of thousands above the poverty line, probably don’t have kids, they live in a multi-income household, and they have the capacity to rapidly increase their income if they choose to (i.e. they have a college degree or equivalent certification or experience). Most people that genuinely need the help and are trying their hardest do not fall into that category. In other words they are the disenfranchised, the hard working immigrants (his parents), and the minorities of our country.

[@ZaoZaoification]

They're free to go back to their home country

[@emad.8230]

@@ZaoZaoification did your parents go back too?

[@rory644]

@@ZaoZaoification moronic comment

[@ZaoZaoification]

​@@emad.8230 yes

[@indianchristian1]

@@ZaoZaoification may I ask, your parents were illegal immigrants, so they had to go back to their home country but you could stay back in US since you were a minor?

[@laken1804]

I didn't except to enjoy this, but it was very dynamic. 😎

[@TheAnneli77]

Didn't read his book when I was reading all such books in 2008-2010. Just ordered the 2nd edition; hoping to see something that was none of the other books. The way I got to financial independence was not in any of those books. Maybe it is in his.

[@laken1804]

How to spend...very good topic.

[@Kingdom_Finance]

What is FIRE?

[@ChristianBullen]

Financial independence retire early.

[@yazminclarke8675]

We need more Remits in this world and I’m sure there are many but maybe their not ready to speak out 🧐

[@-Lamboss-]

Great interview but bitcoin joke didn't age well though

[@janoos24]

I agree with him on many things. He is right owning a home isn't a great investment for most part but you can't just look at it as an investment you also have to compare the expense of owning a home vs renting. Owning a home over 20 years vs 20 years of rent. of course one must consider things such as taxes for owners and moving costs for renters. That being said stock market

[@angelr.ricado3647]

I wonder how they feel about Bitcoin now being at 34k compared to 4K when this aired.

[@markirvin1713]

Bitcoin at all time highs. Think he got that one wrong.

[@juanjon915]

“It doesn’t matter if they make 100k or 600k” I disagree , income definitely matters lol

[@shaechambers9485]

Ramit!!!

[@topsecretbear9918]

I like the show better with a couple of "shits" mixed in. More authentic.

[@tommyphilip2000]

But wasn't Suze Orman a fraud ?

[@brandyspain7125]

No, she wasn't

[@tommyphilip2000]

@@brandyspain7125 oh is it ?

[@Pal-of5ib]

First

[@johnm3435]

Pal 123 second.

[@MattBuysHouse]

I walk in offices and demand $3000 an hour..

[@marcush219]

More cursing, please.

[@CloverPickingHarp]

All in on shitcoins amirite guys... guys?

[@thinkingoutside970]

so he got rich by teaching people how to be rich? disappointing.

[@FinanceVector]

I was feeling the podcast when I listened to a clip, but I realized that after completing 75% of this interview....reviewing his website, realizing his brother was the guy on Shark Tank that Marc Cuban chased off...it occurred to me upon reflection that Ramit is a really well-spoken, likable communicator. I really like his helpful attitude and perceivable empathy... ...but I may have to dig further in other places though.