I've made money mistakes... (My confession)

People call me a money expert, but I’ve made some big money mistakes. In this video, I’m sharing four money confessions and the lessons I’ve learned from each.
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Ramit Sethi is the host of Netflix’s “How To Get Rich” and New York Times bestselling author of “I Will Teach You To Be Rich”
Find Ramit on Instagram: / ramit
Subscribe so you don’t miss any of Ramit’s videos: / ramitsethi

[@ScottAbleidinger]

Using an ad to troll a troll…love it!

[@jossanmarin56]

Turning the Bad comment into Grammarly ad was brilliant! 😅 👏🏽

[@TheRealAmirkhan]

@RPGArchive1 “Boom, roasted” by Michael J Scott

[@uniquelymestudio]

I totally understand the not wanting free items. Great you explained the obligation aspect of it.

[@Neutralside]

Bro roasted someone's grammar with an ad 💀😂

[@Nova2Yung]

The viewer clicking on the video realising he's been turned into a case study LOL

[@andrewehyang]

@@Nova2Yungsomeone with those opinions most likely does not watch Ramit regularly though.

[@Nova2Yung]

@@andrewehyang whether he comes back or not, he’s been turned into a case study for another potential viewer to learn from 😂

[@lowlowseesee]

I love him so🥰🥰🥰

[@w_w_whitey]

Love the sense of humour and sarcasm.

[@ThrottleLifeNYC]

Your reply to a roast, and then spinning it to get a checc, was honestly, by far... one of the most G sh*t i've ever seen on YT. #Subscribed

[@Jonnaberg]

Hahahah that Grammarly plug was amazing

[@mpatreece2726]

Brilliant!

[@cmbryson]

I started my Roth IRA right out of college. My parents have no retirement savings, no stocks, etc. I was the first in my family to graduate. I thought I was really grown up and ahead of the game. 12 years later I learned putting money into a Roth account is NOT the same as investing the money you’ve been contributing. 12 years of returns lost. I also paid my medical bills from a back surgery on credit cards because I was terrified to owe the hospital. Instead I spent 10 years paying off CCd with crazy interest rates because at 22 I didn’t know I could set up a payment plan directly with the hospital.

[@gloryokugo7683]

Ugh that hurts my heart I did the same thing money in a Roth for ~3 years not invested. We took steps and risks to do better than our parents. I think that is so commendable. I hope your Roth is crushing it now😊

[@rogergeyer9851]

Live and learn. In reality, in my experience, hospitals are pretty reasonable, AS LONG AS they know you can and will pay in a reasonable time frame, or work out a payment plan / loan. I have trouble imagining them charging as much as freaking credit card interest -- but I could be wrong there, as being super frugal, have VERY little experience borrowing money. As far as learning to invest -- at least you had the right idea re savings right away, which is all too rare. It can take DECADES to learn to invest really well, so don't beat yourself up about that. Just do it much better from now on, re long term investing.

[@litapd311]

i'm sorry to hear that, both of those things must have been devastating. unfortunately we can't change the past, so we have to just march on and use our new information and spread it so others don't make our same mistakes

[@mattmathai]

Changing my money lens. This hit home. When I was a struggling graduate student I defined being rich as being able to go out to dinner (probably fast food) without worrying what I wouldn't be able to buy later that week. I thought of money as a goal in itself and some kind of measuring stick. Now, years later, I have more money than I could have ever dreamed of, and we have just created large endowments at two universities to allow financially challenged students to get their degrees. I view money now as a tool that can help more than just myself. (Maybe I'm finally growing up)

[@ramitsethi]

Beautiful work!

[@trackee2024]

I don’t see any money “mistakes” in my past - they all lead me here and I’m in a good place now thanks to folks like you! You don’t know what you don’t know when you’re young. I’m thankful I can pass this knowledge to my kids now and help them wise up faster than I did.

[@Nova2Yung]

LMFAO, the guy got roasted and was thrown on an Advert for a case study 🤣🤣🤣

[@nickbegnaud]

Whoever thought of writing that comment into an ad read needs credit here because that was brilliant

[@Nova2Yung]

@@nickbegnaud it really is 😂, i guess this is why Sethi and his team are so successful!

[@Endohell]

hahaha he is so fkin good

[@Thebettermoney]

Ramit roasting the roaster, plus an ad to top it all😮😂

[@SarahEJewell]

Biggest mistake - accruing some credit card debt. But from that, I learned how to know my numbers, set a budget/CSP, pay off debt, and identify what my rich life is based on where I am now (as well as creating a more expansive sense of future financial goals).

[@pejpm]

Biggest mistake:- when I moved to the US for work I was convinced that it would just be temporary and then I’d move home, plus I wanted as much as possible in my paycheck as I was in a VHCOL, so I didn’t start a 401k (I didn’t even know what it was). I didn’t start one for 8 years, and at the time I was making over $150k, single, and this was 2008 just after the financial crisis so was the start of the great bull run. 16 years later and I’m still here. If I’d fully funded my 401k I’d have well over $1m more in my account today. Things are fine, but not starting a 401k until I was in my early 30s was a huge mistake

[@chivosadventures8171]

Dude I'm 46 and have zero invested. I'm in about $78,000 in credit card and car debt. About 38K being car debt. I've really been struggling to just make my minimum payments as of lately. Since inflation is up so hi. So i would definitely consider myself blessed if i was in your shoes not only that but i would guess that about 70% of Americans are more in my shoes than yours. JS this sucks

[@twlight9000]

@@chivosadventures8171 bro you might need to sell the car...

[@rayofsunshan]

My biggest money mistake was borrowing more than what I needed for student loans. I got caught up in the idea of not having to depend on my parents if I needed to make a larger school purchase. I learned that everything is either pay now or pay later… and I hate paying later 😂😂 On the bright side, I’ll be done with my student loan payments this year 💃🏾🙌🏾

[@rogergeyer9851]

I think this is something government could and should do to help folks going into college, re student loans. I think they should help with basic decision making, NOT allow loans outside of for tuition, books and lab fees, and basic room and board. NOT for trips, eating out, cars, clothes, electronics, etc. I ALSO think they should make colleges providing historical data on what degrees lead to what jobs and the trends for their schools and peer schools overall a REQUIREMENT if they want ANY government money for ANY program of ANY kind. At least that way, students could choose degrees with a more meaningful educated guess on targeting the job market. Kudos for paying off your loan. One thing I HATE is people thinking everybody ELSE should pay their loan because they refuse to accept responsibility for what they sign up for.

[@sct4040]

Congratulations 🍾

[@MaddieMettler]

I always skip ads in videos but I had to watch this one based on all of the comments people left haha. Great call

[@NicoleLLewis]

I've got a bunch (I no longer do them, btw). My faves: Not negotiating (salary, interest rates, etc.) sooner. (closed mouths don't get fed) Contributing to my 401K (always do the company match!!), but not investing the $$$. Allowing fear to drive financial decisions. Not saying you shouldn't feel nervous or afraid, but it never worked for me when it was my primary emotion. If you haven't bought the book, get it ASAP.

[@sbIvanov]

This was the best advertisement I have seen for Grammarly!

[@strongriver7955]

For some context, I am paying off all my debts by New Years Eve. Money mistake I've made, hm, I'd say using credit cards to pay for everything. When using them I wasn't careful with my money Hence why my cards are maxed. Ouch. When I began aiming to be debt free I ran an experiment by leaving my credit card at home. The change was ridiculous! Now using a debit card and cash, I stay on budget far more easily and spend much more intentionality. Still have the cards and intend to keep them. But they have been relegated to monthly charges like subscriptions and bills only once they are paid off.

[@excitedaboutlearning1639]

The whole system is so backwards. If it weren't for credit card companies' and big banks' lobbying, the American credit trustworthiness evaluation system would probably be completely different. In my country, the default is good = no unpaid bills that have gone to collections. Then you're evaluated based on the actual loans you owe, your monthly income, your last two months' spending & assets. I don't have a credit card and there's zero need for me to get one. Loan officers will see investment history and immediately realize that I'm a trustworthy customer. I use a debit card and the money I pay for something is deducted from my bank account within a day. Plus my country has a 20% yearly cap on interest so the max credit card can charge 20% yearly interest, including all fees. The whole concept of "building credit history" doesn't exist in my country. I bet if it didn't exist in America, being in credit card debt wouldn't be so normalized.

[@Cados52]

We just set our system up. Our machine is ready to go. Fixed costs, savings, investments, and of course GUILT FREE! I’ve never felt so liberated 🙌🏼. I’m excited to see where this takes us. Thank you!

[@TimCristy]

Like a lot of Americans, I didn’t really start saving for retirement until I hit 40. It’s a wake-up call we all get and means we now have to save/invest more aggressively than if we had started earlier.

[@staciazink]

My biggest money mistake: In 2006, my husband and I were newlyweds in our early 20s. We purchased a condo together because we didn't want to "waste money on rent." The condo was part of a brand new development, and there were lots of planned amenities that weren't built yet. We stupidly factored in all of those amenities when thinking about the price, and we WAY overpaid. Over the next couple years, the sub-prime mortgage bubble burst, the developer struggled to sell units, the planned community center, pool, and fitness room were never built, and the value of the condo plummeted. We ended up selling our condo for $60,000 less than we paid for it. So much for not "wasting" our money by paying rent!

[@NoirInColor]

You made a commercial out of someone's negative comment...Genius!!!!! ☺😂 👏🏾 I loved it.

[@tressalewis7004]

I discovered your channel not long ago and her I have been thoroughly enjoying different episodes. You are very patient with couples and you don’t bulldozing to solve the problems. I like how you lead them… ❤'😊😊'

[@mmp495]

Thank you for sharing this Ramit. It shows how human we are. What I figured out is the financial mistakes I made in the past were done to get out of things the easy, sleazy way. I’ve transformed my beliefs and thoughts and learned and followed principles in dealing with my finances. I’ve also forgiven myself for past mistakes. I have paid off my 2 houses and have a substantial amount in retirement investments. I did it the slow and intentional way. Most importantly I have peace of mind, safety, security and can be generous with others. The best gift of all.

[@11r3start11]

omg grammarly is so great tool ! It was surprising to see their ads here! wish you the best Ramit

[@malemaline]

My mistake was my parents had me in charge of their finances and stopped working. I took on the responsibility for their bills instead of focusing on my own because they'd make me feel guilty. I helped them pay off their house and ignored my student loan debt. I put them ahead while I go behind on my own stuff and still it wasn't good enough for them. It was a bit traumatizing actually because they just used me.

[@boisabidoreen2351]

I am so sorry you went through that! That’s traumatizing and made me sick to my stomach when I read it.

[@malemaline]

@@boisabidoreen2351 thank you for your compassion, yeah it sucks and was really hurtful but I'm trying to move forward to get my stuff back together. Hopefully you didn't have deal with anything like that.

[@juenefranklinii6657]

I thought money would come easy forever. I am in my mid 20s, and I had a full ride to school. I received merit scholarships, had high paying internships, and actually parents who continually tried to help me understand how to use my money. I just simply did not have the right perspective. I am in no way in a horrible place, but I could be much much more robust. Advice: ramit is very good at explaining how to make a general good plan and decision, not just for money, but for life. Take his decision making process and framework, and add some personalizations. He’s a very wise man, and has tremendously impacted the way I see life. Yall be blessed!

[@SameinPriester-ms5yr]

Great, adult grown and sexy conversation. Prenup is priceless… money part comes later. Your sense of humor is too much!!! 😆 and you already know that! “All of your tone!!!” He he he 😂

[@jarviswrites]

My biggest money mistake was allowing my ex-husband to convince me to cash out my 401K from a job I had in my early 20s. He said that my retirement funds didn't matter because he made more money. It only mattered what he had for the two of us. We are divorced now, and because I couldn't afford a lawyer, I don't get any piece of that retirement nest egg he saved up. So that was a lot of money lost. My new, wonderful husband and I have our retirement accounts, but they are nowhere near where they need to be. But we are trying. And that Grammarly ad... *chef's kiss.

[@rogergeyer9851]

Yes. That's unfortunate. And another example of WHY public schooling (say, high school) should have some sort of mandatory "life economics" class, teaching basics for saving, for investing, for spending wisely, etc. And keeping some of your own funds under your OWN control would be a good example of a fundamental good thing in the modern world. Nothing against any spouse -- but re the overall divorce rate, the prevalence of prenups, etc. I never married, partly due to how screwed up the whole system is if things go wrong. I wanted to take home-econ as a more practical alternative to wood shop, but all boys took wood shop (though I'd already learned far more than they taught from my dad), and ALL boys took wood shop and ALL girls took home economics -- NO exceptions. Some things improve. But with mismanaging money being such a VERY common problem in the US, the need for this should be blatantly obvious in the modern world.

[@clintjensen7814]

Biggest mistake was buying a business when I had no idea how to run one. This cost me dearly in my early years and I had many lessons learned from the experience. So now I am an 'intrapreneur' working for a tech company and I will never own a business again. It sounds glamorous, but I assure you it is not for everyone. You either have that skill, or you don't. Glad I learned at an early age that I do not.

[@IrisP989]

Big mistake was thinking that once you hit a certain income, you would look at your bank accounts and think that you roll in money.. Not if you live in a high cost of living area in a state that has high taxes, not if you have high property taxes, not if you have kids and their expenses can be high, etc.

[@tomfromtartu9706]

I've made many money mistakes, but probably the biggest one was trying to create a business in a field i did not understand with people i did not know (they were overselling their knowledge and seasoned scammers as it turned out) without protecting myself from risks and putting my assets as collateral. It almost destroyed me completely, but from the ruins of everything i found my drive to become better, work my ass off and start growing

[@Tehanimekidd]

Best ad read ever

[@matthewyount7225]

One financial mistake I've made is feeling guilty about spending money on things like coffee and other small luxuries. Since discovering Ramit, he has encouraged me to allocate that money more wisely. Thank you, Ramit! Your videos have been incredibly helpful.

[@JohnyTechReview]

Masterclass in ads integration 😂 ❤❤❤

[@HD-mv2qh]

Ramit, thanks for sharing. People think you have to be perfect to be a financial coach. I would say my biggest mistake was not learning about money when I was in college. I wish I knew more about the stock market and how things work. Another mistake was when I brought my first car. I know I overpaid (1998 Toyota Corolla - new ) and should not have gotten rims but I keep it for 13 yrs and 405k miles. I have been able to turn things around for the past 15-20 years. Keep up the good content.

[@curury]

Ohmygosh. Using an ad to roast ✨🎉 amazing.

[@uniquelymestudio]

Please, please , please work with me on my finances! You are the one!

[@MustaphaFerhat]

Thanks Ramit for those valuable advices.

[@Katie-dy7zx]

My No 1 Money Mistake was not getting smart about money by educating myself in my 20s vs my 40s. Trying to start this financial journey late in life sometimes feels an insurmountable task 😢

[@YTjanitor]

Close your eyes and Imagine what it would be like if you were starting at 60 years old. Open your eyes. Feeling a little better now?

[@bigshotadventur18]

Am 44 and starting.

[@johnn26]

The biggest financial mistake I made is not contributing to my 401K because my employers at the time didn't match. I had heard somewhere that you shouldn't contribute to your 401K if your employer doesn't match, and to go put that money somewhere else, and I used it as an excuse to not do it. I didn't know where that somewhere else was, and with that, I would have more money in my pocket every month to spend and have fun. I didn't question it because it gave me an out and I wasn't really thinking about retirement with it seemingly so far out on the horizon. It caused me to start my 401k really late. Moral of the story is that you have to think critically about any advice you are given. Also, if I had done this sooner, I would have learned to live happily with the money I had AFTER I had already put money away towards my goals.

[@sf3413]

Great video, Ramit. We've been thinking about how we rotate credit cards; it's complicated and often the perks aren't really worth our time. We are probably going to just go down to a couple, keep them, and enjoy the simplified system.

[@cyndymm1694]

Renting is better than buying yes . Let me tell you I have an example 2008. My husband and I could’ve bought a house with the price is cut The number sitting didn’t makes sense. We both have decided to invest the money instead and rent . I’m happy to say it was the best decision because our investments are more than a house will be worth right now. I will be retiring comfortable thank you for many years. I have felt that I had made a mistake but finding you, a blessing to make me realize at the end me and my husband will be living our rich life

[@ivanpadilla4479]

My money mistake is buying a new car because it would break down, have less problems and use less fuel than the paid off one I had. Everytime the older one had problems it was $800+ every 6ish months….. traded it for having a $350/mo payment….. great right!?right?😢💀

[@sarahb8073]

Ive never gotten into debt, but I also didnt save much in my 20s. Someone told me add to my 401k to get the company match. Thank you to whoever did that. But other than that I spent every penny and not even on stuff that was that great. If I had saved then I would probably have enough to stay home with my kids for a few years. Those landlords, clothing companies, and restaurants thank me for my contribution

[@alexisballard1459]

Most engaging ad of all time i love it

[@UltimateMustangCat]

That advert into the troll comment....amazing

[@laundrygoddess4]

My mistake was getting involved with a man who had a bunch of debt. Yes he smartened up. He just needed to be taught. But 10 years later, he has passed away and his debt was still wrapped up in our mortgage. I ended up having to clean up his mess without his help when he got dementia and stopped working.

[@LifeinAustraliawithLeela]

Love your lessions, thank you Ramit

[@strongriver7955]

I like this. Thank you Ramit and team.

[@rogergeyer9851]

Everybody makes mistakes. Relatively speaking, re financial behavior, I'm KING KONG, thanks to my two depression era parents who were MODEL parents re teaching wisdom of frugality, financial management, investing, saving for the long term, etc. BUT, I made plenty of mistakes over the decades. Fortunately, I managed to keep them small and manageable, partly to do with the conservative nature of my parents' financial advice. Live and learn. Forgive yourself, as long as you ALWAYS LEARN and IMPROVE as a trend, re your financial habits. Never making the same (significant) mistake twice is a great LIFE lesson, not just financial lesson. Whether in my studies, my job, my serious personal relationships, my major life decisions of any type, not making the same mistake (or class of mistake) twice has been hugely helpful.

[@evanhiggins7298]

I have 2 bank accounts. One that I grew up with locally which has a smaller amount of money and a credit union I use for work with a larger amount of money. With my smaller one I had some money in a savings account, but I wanted to make more interest so I created a CD with that bank leaving $96 in my savings account. For 3 months I ignored mail which ended up reading I have a penalty and they are applying a fee. Little did I know once you are past 26 years old the requirement is to have at least $100 in the savings account. Lesson learned don't ignore mail even if it seems unimportant

[@RuthBeyond50]

Using a troll to sell Grammarly is PRICELESS!!!

[@C.E-xh2iy]

My mistake was that I didnt think about my finances. I saved 30k by scrimping my allowances during all my student years from elementary school to college. But it all just sat in a savings account doing nothing. For years. Then it was all gone when i graduated and paid off my graduation trip and student loans and I had to start from negative. And i realised how much easier my life could have been if i took the time to invest that money. I could have paid off all my tuition fees without even needing to borrow a single cent. Or even sponsored it with interest alone if I started to invest as soon as I started saving.

[@Timberhawk]

“You are rich if and only if money you refuse tastes better than money you accept.” - Nassim Nicholas Taleb

[@lowlowseesee]

I love the Iwt team. Great content ideas as always

[@Karen-op6vb]

I took bad advise and never opened a Roth IRA. Now in our 70's most of our retirement money is in IRA's and RMD's are causing us to be in a higher tax bracket and paying higher taxes. We should have structured our investments differently.

[@purevibez1914]

Advertising Ace. 👍🏾

[@ayanadorzhieva36]

Thank you for your valuable videos!! ❤

[@Ness17Ai]

Keep up the great work!

[@leedavis8969]

Not being afraid to pay for quality......or the expense of going cheap.

[@natalienewtonebookwriteram1399]

Imagine if someone posted; My biggest money mistake was watching your videos'. Don't come for me I'm just joking. In reality I really enjoy watching his videos; the content is always entertaining and very useful.

[@SAreamusic1]

I saw the show!! You need a new season!! Student loan focus!

[@trackee2024]

This reminds me of free chipotle day! We hated those days because chipotle was a zoo. I’ll just spend the $8 if I want a carb coma, ok? 😂

[@peterolah3317]

In my twenties, preferring cash and credit union accounts over credit cards with point systems for everyday purchases (I was afraid of high credit utilization)... Cost me big when you add up all the years 😅

[@dillin16]

Apparently my money mistake is leaving a job and not doing anything w my old 401K 😂 it’s been 5 years…I should probably figure out what my options are 😬

[@MissGirl1450]

Yes, you should. Not to mention you might be paying very high fees. Often the fees are subsidized by your employer and that goes away when you get a job. Roll it into your current 401K or into a Traditional IRA. You can set this up at Fidelity today.

[@dillin16]

@@MissGirl1450 I seriously had no idea, I just looked it up and the fees I’ve paid over the past five years are quite something. I’ll get started on that rollover!

[@zackcinq-mars2129]

Not using a High Yield saving account for emergency fund. lost out on a couple thousand in interest over the years. Using a tax person to do my taxes first year out of college. Cost $800 for something I have now learned to do myself.

[@Melissa-o9f4q]

I enjoyed this, thank you

[@jdp486]

It's funny, because I find you send emails too frequently. Curious if you asked them why one email per day - could it be to avoid spam filters?

[@crashtestdummy1972]

K.I.S.S = Keep It Simple Stupid. Great advice, but it hurts my feelings every time, so i won't forget!

[@Vic-1618]

My biggest mistake is that I used to think investing is the same as trading... only realised this mistake last year and hopefully not too late to rectify

[@gelica517]

What are the books you have on the shelf to (your) left? (besides yours, I already recognize that one)

[@rogergeyer9851]

Time is money. And thus, in reality, there IS NO FREE STUFF (overall). I wish I'd realized that over 3 decades ago.

[@yashr91]

Would love to know your thoughts on how rents are hiked YoY > 10% vs. Salary hikes which are typically 4-5%. How do you advocate for renting in such (typical) scenarios.

[@caligal]

If there rent increase, then the market dictates higher cost for repair. So the carrying cost of the property that you own will be more. Also, if you see that much rent increase, you will see property value increase as well. For that reason, we decided to buy vs rent but it all depends on your math and your goals. He never talked about $250K/ $500K tax exempt that you get when you sell your property . We used that to not pay capital gain tax for our home when we sold. After all the cost of improving (tax write off) and property tax /insurance /gardening/ etc payments, we were still ahead and we got to live in our home, making changes we wanted and not worry about a landlord. Those amenities, do now show up on a spreadsheet!

[@Yourmission9]

Question and apologies for my ignorance, but what happens as boomers start to retire and liquidate their holdings? Will the S&P tank, or take a dip? Asking honestly. My assumption would be that as more millennials and gen z start buying in it would simply offset but I could also be 100% incorrect

[@mhodge0890]

Money mistake I made was maxing out two credit cards. I max out the first one and you would think I’ve learned my lesson but no I went and got another rewards credit card and got approved because my credit score was still high and then maxed out that one lol. Now I’m debt free and view money and how to use credit cards different

[@justkimintheworld6298]

I left my 401k at my old job. Every time I check on it it's growing. It's almost doubled in value in the last 7 years since I quit that job so I'm hesitant to move it.

[@zo_471]

This was great content

[@donnaallgaier-lamberti3933]

With my first CD I didn't understand it was important to roll it over at the higher interest rate when it came due. I made some mistakes as well. But once I made them, I learned a big lesson and did not make them again.....

[@cwright937]

Big Mistake - getting caught up in the idea of a dream wedding. Putting thousands of dollars on credit cards to have this dream wedding, only to have the day be an expensive nightmare.

[@lisajane4330]

Me too, it all went on the credit card & we had a small wedding, it took 2 yrs to pay it off.

[@jessemeier3447]

I know I need to roll my 401k over from my old job, but I also have an HSA at that job and the current one does not have it... yet. I have been hounding HR. I've been dragging my feet for 2 years on this because of that. So I guess mistake #1. Before the video, I would say my next biggest mistake was my car I got a loan on. I got KBB asking price but I did not negotiate. I certainly didn't get ripped off but... There is a HUGE difference mentally between buying a car on a loan and buying a car with cash. I've been investing/saving anywhere from 25% to 40% every month the last 2 years. I have the car paid off in 2 years, but for what I actually paid, I would not have spent that much had I actually been spending that money from my account and not just in monthly installments.

[@shawnagbatah8336]

I think Ramit’s comment about mistakes with a 401(k) not being rolled over is the fact that he basically forgot it. I don’t know that there’s anything wrong with having a 401(k) at an old job as long as you are aware of it.

[@CanuckDividends]

Its funny how you talk about free things and that you don't want them. Several years ago, my wife and I went to Las Vegas and even though people warned us about the time share people, we got suckered in and went to one. Then stayed and finally agreed to sign up for one. HUGE MISTAKE !!!!!!!! Never again will I EVER go to a time share presentation, nor will I accept free things in Las Vegas. Lesson learned.

[@afterrecession]

Hello, Ramit. What’s your opinion on Apple Card? It boasts of no fees and 3% cash back among others. Thank you!

[@Johanneslol11]

No matter what you do for job. We all these things, because we are human! 🙌 Don't beat yourself up for those things.

[@foodmens]

There's no way Ramit Read's every comment right? There's no way!

[@ramitsethi]

Yes, this is my life

[@dammannful]

@@ramitsethiNow THIS is true commitment to customer obsessed approach!

[@foodmens]

@@ramitsethi 😂❤️Yo!!

[@kemi1486]

I’ve made a few money mistakes but the one that bothers me the most is not investing nearly enough into my TSP and in the right fund. Big mistake!

[@haiderch123]

Subscribed🙌🏽

[@robertalston3504]

Purchasing a HGV on a promo vacation that was supposed to be a survey and not webinar. I no longer do promotions packages. I rather pay myself or use a tour vacations package . I paid it off in a refinance of my primary home. I unloaded with Tafer Resorts in Cancun, Mexico. I never entertain the rapping of haggling of the mindset.

[@Nb61777]

7:49 well played move lol

[@natalieking1567]

That was a top tier, elite level roast! 😂

[@MadelineYau]

This is awesome!!!!

[@robwaz1547]

GOT TO MAKE THOSE MISTAKES ………… to grow into who you really are meant to become, wonderful to hear you are normal and 🤬 things up . OUTSTANDING video,now with this new “ AI “ can ya kick 🦵 my lazy ass into gear ⚙️. I completely agree with your thoughts and real life experiences on getting the cash flow down correctly. Guess I need the nagging ( who ever ) to take that step back and K.I.S.S . Am trying 🙏🏻

[@spookinoff]

I have a 401K that's been sitting for over 4 years. I still have not done anything with it. What is the best option?

[@aphromew4502]

I literally cackled 😂. I love you bro, but "i took full accountability and then fired someone" is literally a meme

[@ramitsethi]

Cool, did the meme also include writing a $100,000 check out of their own money

[@aphromew4502]

@ramitsethi you really didn't have a choice in that matter. You were bound to a contract you signed, you don't get points for that. Not having the QA/QC in place to verify what you were getting was a failure on YOUR part. Had you had a boss, your head would have been on the chopping block. It's inconsistent to claim taking accountability whilst not having contractor QA/QC measures that would capture a basic/glaring mistake then say "took care of the problem by firing this guy" when the problem is yours. Perhaps the guy deserved to be fired, but mentioning him seems like it's a hollow acceptance of responsibility. Love your videos though. Send it to my parents and my peeps. Don't agree on that though.

[@fabiGBOtown]

Do you know that I have 2 copies of your book? I meant to get one signed at a Ted talk i attended but never got a chance to see you.

[@sct4040]

Everyone made money mistakes, learn from it and move on.

[@jamesgranger7009]

I am Canadian BTW. Mistake = Using virtual Banks (specfically Simplii Financial). No guidance on what to do with money. At 23 I started a full time job earning salary and benefits. It was the most money I've ever seen in my accounts. Then what? My virtual bank offers guidance only by phone...no branch, and it was annoying. No fees...no personality, no one-on-one advice. Now I'm 31 and am finally investing now. What a shame to think I could've been investing along. #mistake

[@laundrygoddess4]

You don't want to use a bank to invest anyway. They have limited products and have sales quotas unlike independent financial advisors. The low cost of virtual banking is awesome for a chequing account. But never use a bank for investing.

[@lisajane4330]

* Not saving a consistant amount even a small amount in a separate account that i couldnt easily access money from when i worked full time before having children, thats 12yrs of living week to week. 🤦‍♀️ i was never good at planning for the future, even though i always loved budgeting & paid all my bills.

[@LL-pq5uo]

I'm wondering if there's any way to find any old 401K retirement accounts... I'm on top of my accounts now that I'm older and wiser, but decades ago when I was in my early 20s, I might have opened accounts with employers that I did not transfer over upon moving to the next company because I didn't know any better. How can I identify those?

[@januszjaxaxa9929]

I ignored high bank account fees for incoming transfers for to long, lost probably over 1'000€. I let myself forget what I have learned from books about investing, and gambled with CFD, luckily I limited myself early enough to lose only 1'200 PLN.