I Will Teach You to Be Rich | Ramit Sethi | Talks at Google

“Everyone teaches us how to save. Nobody teaches us how to spend!”
Personal finance expert Ramit Sethi shares highlights from his New York Times bestselling book, "I Will Teach You To Be Rich".
Ramit writes about money, business, and psychology for a million readers each month at iwillteachyoutoberich.com. Ramit's advice has been featured in The New York Times, The Wall Street Journal, Fortune, and the Tim Ferris podcast.
Ramit’s book, I Will Teach You To Be Rich, is a two-time New York Times bestseller. The second edition rereleased in 2019 with 80 new pages of material on love & money, money & psychology, and new tools on how to use money.
Find the book here: iwillteachyoutoberich.com

[@audiobooksummary5279]

"It’s more important to get started than to spend an exhaustive amount of time researching". I think this is a beautiful quotes from the book

[@swesleyc7]

Dear God I hope you didn't spend money to read it.

[@watherby29]

Like Elizabeth Holmes

[@CoderDmitri]

-_- ... nope.... 'Before you start chopping wood, MAKE SURE YOU ARE IN THE RIGHT FOREST!'... Ramit Sethi is a scammer and is getting rich by telling YOU, how to get rich... classic scammer... and all he is saying is directly the opposite to what scientists will tell you (so he can create controversy and stimulate emotions)... i.e. that Capitalism is a 2 class society, there is the Rich and the middle class / workers... if you are born a worker you will forever be a worker, sure you might reach 'upper middleclass' but you will forever be a WORKER / MIDDLE CLASS... Because the Wealthy do NOT want you out... for them to stay rich they have to underpay someone and that someone is YOU... use your head... how do wealthy get rich: they UNDER pay supplier, OVERCHARGE the buyer AND avoid taxes... in other words, everyone gets screwed except for them... they do NOT want a fair system, because 'fair system' will cut into their margins and prevent them living in luxury, while you are scrapping their floors for pennies... and NOT course / book / seminar will change this... As long as you are in Capitalism AND you are born in the 'workers class' you are pretty much screwed... the only way out is: get lucky (e.g. win lottery, build a business that will take off, youtube channel, etc) OR marriage... I mean just do the maths: even if you save: 5000 per month (60000 a year) for 20 YEARS... you only get: 1,200,000 ... a typical house in the Wealthy Region in Ireland is 6 to 10 million... Wealthy class send their kids to Ivy High Schools that costs 60000 to 120,000 per YEAR and could NOT care less about such tiny expenses... THAT'S the reality of being born in the wealthy class... no matter what they do, they always win... and even if they fk up... just raises taxes and get WORKERS to bail them out! AND YOU ARE NOT GONNA GET THERE... because you were born a worker! WELCOME TO REALITY!

[@emmelinaabuda607]

Exhaustive amount is the keyword. But research is still important to an extent.

[@manylinkz.lining]

This is great. Nearly perfect for every young person to watch. A little more focus on the reasons you might want to get to $100k. I want to worry less, I want to be able to help family, I want to travel more, I want to donate more to Doctors Without Borders, I want a $20k yurt at Coachella. Young people rarely know what they want. In my 20s someone helped me with a few goals. It unleashed the power to making the first 100k. I was lucky for that. Keep up the awesome teachings!

[@user-hx3qk8mw4e]

I guess investing is not for everyone though. I've only lost money investing in stocks

[@CurateHub]

I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it. Investing is a long-term game. It's just hard to focus on the long term playbook when I'm already in a massive loss

[@debrab7844]

@@CurateHub The best bet of all is taking your wealth building advice from a real-life expert. From inflation to cryptocurrency, they have valuable perspectives on how current events can affect your finances, as well as how to mitigate those risks.

[@alexanderfinlay9639]

I want to agree. There are many investment options with new and emerging technologies, you can get help with debt consolidation strategies, insurance, estate planning, overall cashflow and retirement planning.

[@debrab7844]

@John Tipton-butler Fortunately, I know someone who can help, a pro with a real world experience at cambridge investment research, INC. " Kathleen Carole Yanelli ". Found her on a CNBC financial interview.

[@TECHNIACS]

I would want to GIVE money to people (like tipping a waiter $100, paying someone's rent for a few months while they focus on their dream, helping put a poor kid through school, etc.) and to causes I believe in. Helping others is probably the greatest high for me and my biggest financial motivator.

[@CarlosGonzalez-mr5qz]

Those are very noble wants. Thank you for bringing these ideas forth. All we want to think about is me, me, me.

[@ancientwisdom108]

I want you to be rich if you're not already. Blessings .... 🙏

[@KayFabe87]

In other words, you are charitable because it makes you feel good about yourself and somewhat superior to those you think you are helping.

[@Jeremy-cs1eg4lk1i]

People who are successful don't become that way suddenly. What most people initially see as wealth. A great career and a clear sense of purpose come from persistent hard work and hustle. I hope that anyone reads this will be prosperous in life.

[@user-ym3ku3ej6y]

​@@Eric-RobertExactly ! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn, since I've personally tried navigated the path to passive income, I'd be delighted if you can offer some guidance based on your experiences that help you embarking on your own journey towards financial security

[@Jeremy-cs1eg4lk1i]

​@@user-ym3ku3ej6yI have been investing in stocks and crypto for over 6 years now and I have made a lot of money. I never expected it, but after closely monitoring my portfolio's performance,I was astounded to see it generate a staggering $473k in just the past two quarters.

[@Jeremy-cs1eg4lk1i]

​@@Eric-RobertI would recommend my current broker Alice Lee chen financials. She is currently earning a lot of profit for me and her services are top notch, most likely, you can find her basic information online; you are welcome to do further study

[@Jeremy-cs1eg4lk1i]

+162

[@Jeremy-cs1eg4lk1i]

8227

[@jujubees711]

This talk isn't about "how to make you rich" but how to "feel" rich. I saved you 49:50 mins. Fast forward to 47:00 where he wraps it up and you'll get the gist...

[@JT-ko2ib]

Cheers. Sounds like how to make you poor.

[@madanifantakaba1507]

Thank you...

[@mrrohitjadhav470]

@@JT-ko2ib 😹😹😹

[@shnake_case]

I should have read the comments before watching the whole thing 🤦‍♂️

[@AmanMunnaBali]

Thanks bud!

[@rupeshtashildar]

Money doesn't make you rich, it's makes more of who you are, if you're materialistic you're gonna crave more things when you get money, if you're wise you'll seek more wisdom. It magnifies our strengths and our weaknesses

[@umairm.5662]

Brilliant.. And when you spend it, the worry of saving it won't make you more poor - this is how minds grow, when you don't have to think about needs, then you can use your mind to be what it is. If you worry about the fulfillment of needs, with money you'll seek for a luxury house - while a better person may seek for something genius like Da Vinci. If buying a better house for luxury is what magnified in your life - it means you always seeked to fulfill that need, while in reality you never had to worry about it. Thinking about needs make you more poor, and poverty is just a state of mind.

[@sumitpoudel5256]

@@umairm.5662 come to srilanka

[@vedawattieram1974]

​@@sumitpoudel5256 l am not from Sri Lanka but l know what's happening... ln Guyana, we are noted to be the fasting growing economy but, we are still by😢 and large, a third world nation. Some people do not have the luxury of even thinking on what Ramhit posits.

[@streetscienceofficial8675]

Hello India you need Curry and Chicken Massala Dude, this is the Solution to spend money

[@beat1riz]

How cliche is that

[@suhridsarkar2541]

I feel bad for the people who don't understand what Ramit is talking about. There may be two reasons: 1. You have not read his book published in 2009 (I will teach you to be rich). 2. You don't understand what it feels like to grow up in an immigrant family, especially an immigrant family from South East Asia. His book has good money-saving tips and tricks. It was all about being judicious about money but there was very little mention of enjoying life when you have the money. That's why he did not bother with repeating those money-saving tips and tricks. People like Dave Ramsey has already taken care of that. It is good to see how much his philosophy has changed since then. This lecture is focused on the next part of a person's life. When you have the money then what? I have a relative (65 years old) sitting on millions of dollars. He simply does not know what to do with his money because he never thought about his money dials. I asked him about it and he said "I have forgotten how to spend, and the only thing I can think about is saving". This may sound a bit extreme, but it is more common than you think, especially for people coming from poverty. When he will die his children will fight over who will get what. That is why this lecture has resonated so much with me. What is the point of a rich life if you don't know what to do with it or how to enjoy life?

[@StonkSlayd]

a man who doesnt know how to read is the same as a man who knows how to read but never reads. same thing with money. no point in making money if you never spend it.

[@rollypolypress]

I have a friend who won the lotto but still can’t spend freely. She used to write a budget just to survive for over 50 years. It is not as easy as people think.. it’s definitely psychological

[@bigpoppa4094]

@@StonkSlayd not true. Some people have the psychology to make money so that they won’t ever have the anxiety of being broke. Knowing that all their needs are met and taken care of.

[@dorahmulinge3800]

This❤❤❤, it's sad people can't get this Only seeing financial advice from the point of saving and eating crappy meals just for a specific number in your bank account Others are just mad because this seems unattainable

[@Willycheng590]

I recently got into the KZbin financial niche, and I’ve taken a deep dive into investing. Particularly, stock investments as it interests me. I have tried multiple methods to build my portfolio in the past. So far I’m making progress with the help of a pro. Back to the video, wonderful job there.

[@Otieno358]

I have a day job but I’m trying to invest on the side. I began earlier this year and tried investing myself but I got burned and lost my capital. How did you go about yours?

[@Willycheng590]

@@Otieno358Given that successful investing is a rare feat and even rarer on consistent basis, there are many reasons to stay away from investing entirely. I’ve worked hard for my money and avoid putting it in unnecessary peril that is why personally, I don't underestimate the role that professional guidance plays as Herman W Jonas, an astute fund manager who uses high-frequency trading and investment strategies, oversees my investments in stocks making sure that I have a robust portfolio.

[@OlineFarms]

That idea is applicable in all aspects of life. With experienced hands, you generally, get things done more efficiently. Smart people know this already.

[@Allandexx]

I have a different issue as I’ve been watching several videos on investing and still taking huge losses. Can sir Herman assist me?

[@Positivity75]

Funny enough, I got on his platform too, I started with a $18k initial capital that has appreciated to over $96k profit in six months. Although I feel the commissions are quite high but excellent service overall.

[@cassielee4889]

I like the way he communicate the important financial concepts across without bringing anyone down. Awesome! 👍

[@4asovoi]

I learned NOTHING from this talk but Ramit is very likeable, informal, and organic, so I still enjoyed watching it :D

[@lowlowseesee]

Lolol strange flex but okay lolol

[@forest2344]

Inflation is producing a slew of problems throughout the world, including food shortages, diesel and heating fuel shortages, and housing prices and financial market crash. This global collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

[@belobelonce35]

It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro

[@edelineguillet2121]

@@belobelonce35 I agree, having a portfolio- advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a license portfolio-advisor. In a nutshell, i've accrued over 550k with the help of my advisor from an initial $120k investment thus far.

[@valeriepierre9778]

@@edelineguillet2121 That’s impressive! I need guidance to salvage my port-folio due to the massive dips and develop better strategies. How can I reach this advsor?

[@edelineguillet2121]

@@valeriepierre9778 She is "Stacey Lee Decker", my consultant. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about the chief online, on the off chance that you're interested. I made no regrets about substantially adhering to their exchange strategy.

[@belobelonce35]

@@edelineguillet2121 Thank you for this tip. it was easy to find your coach. and I conducted thorough research on her credentials before scheduling a call with her. Based on her résumé, she appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her.

[@jdcaprani]

I love how Ramit just gets smoother over time.

[@mrrohitjadhav470]

Yeah look at his old video his going better after each talk

[@Malicos]

That's it, this talk changed my life, now I'm going to hire three nannys and start living my rich life.

[@Daughterofjesuss]

😂😂😂

[@hopedroguett4428]

I just came across your video, I was raised in a household where the man handles the finances and no questions asked!! I am done with that concept!! I’m getting your book and ready to do something for myself and my family. I’m so disappointed at myself for not educating myself on this when I was younger. I will be reading this book and passing it to my children to read so they can be armed and ready for a better future. Thank you for sharing your knowledge.😊

[@constantineyu-yang]

This guy is amazing for keeping talking a whole hour through chitchat but never actually give out any solid contents.

[@anthonyrussell5718]

This was brilliantly put together. I’ve been following your videos for months now and with professional help, I’m making outstanding progress with my investments.

[@roseroland1998]

I have a day job but I’m trying to invest on the side. I started earlier this year and tried investing myself too but I got burned. Lost my capital. How did you go about yours?

[@combatobacco]

Mr Ramit Sethi handing out Nirmal baba like wisdom to the Google audience. Amazing! Get that latte- that is the point where your blessings are constricted- kripa ruki hui hai.

[@KumariKumari-fw7nc]

at 67 my rich life is just to stay at home..get up when I want to ,eat when I want to ,read when I want to... and I do it ...😄

[@lindal6291]

Don’t talk yourself out of it Spend it unapologetically 💕

[@ahmdf]

Probably the most bourgeois/upper-class talk I've ever listened to lol. But there are a few good tips in there, especially conceptualizing one's "rich life." I found that useful.

[@sandrakaima]

I think people are either failing to see the point or his deliberately omitting information so that you can go and buy his book. If you spend more money and more time on the thing you love ... you become an expert and you can become an entrepreneur and that one thing will make you rich because someone will pay you to teach them or you will make and buy that item and sell it to like minded people and you will live a rich life because you will be doing want you love most and earning from it. That’s my take on this entire speech. He has a great point and it makes sense.

[@MrSmallpoxSatan]

22 minutes in and I really hope he's going somewhere with this...

[@onlygodcreates9500]

27 here

[@TheDrogba777]

it was more of a talk about concepts and psychology. as someone who read his book I can assure you his book had much more concrete plans and ideas with data to support.

[@EpicEventsPartyRentals]

36 minutes in been thinking the same thing...

[@michaelashe5265]

Haha, I gave up after ten minutes. Seems like he's trying to tell rich people it's okay to spend their money on things they enjoy and not feel guilty about it. Funny that there are people out there that need to hear that message.

[@shapeshiftingpanda]

spoiler alert: it doesn't

[@sisyphus_strives5463]

Wisdom is my answer to a rich life. Regardless of what a person wants, it is wisdom that allows them to know what it is that they want and what they must do to achieve that. Regardless of the environment, wisdom allows a person to achieve individuation.

[@Laurie494]

I listened to you a couple of days ago on Mel Robins, I now have your book, I love it when I get introduced to the right people at the right time.. I'm looking forward to immersing myself into your knowledge, I have been trying to figure out the psychology behind my beliefs about money for years. I am a 64 year old woman, still working hard, because of the many mistakes I've made surrounding money.. I hope I can turn my finances around, I have no debt, but I am afraid to do anything with my money. Because I do not have enough.. Thank you!! Laurie

[@hamb7260]

Age is just a number. Glad you recognized your opportunities and want to do something about it. Good luck!

[@SpecialtyApronsandMorecom]

Totally opened my eyes, understanding of how I view money. Thank you so much! Wonderful examples and an eye opener.

[@Instawise]

Summed Up: Lesson 1: Start taking responsibility for your money Lesson 2: Take fixed cuts off your paycheck and automatically spend them towards your goals Lesson 3: Start investing today. No joke.

[@booksintamil]

you are good!

[@markaaronbarrett]

Thank you because this speaker is on a real ego-trip and it is taking waaaay to long to get to the meat here. "Me, me, me. Money. Rich life. Me, me, me, meaningful. I work out. Buy happiness and don't buy things you don't like!"

[@cogean]

thanks for the summary, I was losing my patience with his anecdotes 20 min in, even at 2x speed.

[@booksintamil]

@@cogean lol

[@Kaiser68]

Wait what? That's not what he talked about at ALL!

[@nurbsenvi]

The Richest Man in Babylon has this nailed down.

[@luisrivera-os1fe]

I love this talk and going to start applying it to my life. When my friend comes home we're going to set everything up based on our money dials based on the things we love and want to do

[@andrewchoueiri]

These kinds of friends are the best kind there is! Lifting each other up and wanting to be better together. Good for you!

[@projecteucharist]

Im from India and I want to help the poor to end poverty ❤ I'm trying hard to make a difference - it gives me joy to see others happy.

[@jonireneewhitworth8017]

Ramit always has the best advice. So candid, so kind. Thank you!

[@bethy3612]

Love the way he talks and laughs!!! maybe he doesn't give practical advices but he lets you think how beautiful your life could be if you pay attention to what you really love!

[@astroman30]

I read a Motley Fool article about this gentleman where he calls whole life insurance a scam. God Bless him!! Keep up the good work.

[@briansteven636]

Nice and informative video. let's always focus on how to earn, I used to think of cryptocurrency trading as an afterthought, but it's turned out to be a major source of passive income since I met Mr Jeffrey Alby Holmes, his experience in the cryptocurrency market is second to none

[@machoward67]

It Looks like you just joined their trade academy recently. I started with $3500, he take a commission on the profit made. I appreciate the trust established over the last few months of working with him and respect him for his honesty and hard work.

[@kingsleylawrence7215]

Jeffrey's investment platform has provided me with invaluable financial guidance and support. His expertise and insights have helped me make informed investment decisions, leading to significant growth in my portfolio.

[@azariachadwick]

You say it's so good? I don't have much trading experience and would like someone to guide me. Those he still accept new clients?

[@briansteven636]

@@azariachadwick I'm not bragging that his company is registered and regulated. Reach out to him

[@briansteven636]

Instagram

[@walter.dlawson2580]

The economic hardship, recession, unemployment and the loss of job caused by covid pandemic is enough to push people into financial ventures. I'm taking a trip into investing because I lost so much during this pandemic. Multi creation of wealth is the best strategy to ensure financial sustainability...

[@donaldlocher2537]

agreed Building wealth is in your mindset, work on that and your financial potentials becomes exponential, develop good habits like regularly putting money away in intervals for investments .The financial market has plenty of opportunities to earn.. I made my first million from passive investing in diverse assets with the help of my adviser Susan Kay Mack..i have no doubt investing more.

[@emilyhowe3359]

exactly Invest early, invest often, stay invested.

[@ericwilde4583]

@@donaldlocher2537 found her webpage by looking up her name online.... Her resume is quite outstanding, I'll be writing a mail to her shortly..

[@infowazz]

​@@donaldlocher2537 anyone who mentions someone's name as an investor is a scammer. PERIOD. Good luck with your rich liar life.

[@infowazz]

@@ericwilde4583 gose for you too-----​ @Donald Locher anyone who mentions someone's name as an investor is a scammer. PERIOD. Good luck with your rich liar life. we know you have fake profiles

[@lisaollie4594]

I feel sad that even though I am investing, I don't have the brain power to dig through how each company is doing, is this a good time to buy stocks or not, my reserve of $450K is laying waste to inflation and I don't know what to do at this point tbh, I need solid data on market trajectory

[@roseroland1998]

@Lloyd Bernard Having an investment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions I netted over $220K during this dip, that made it clear there's more to the market that we just don't know.

[@roseroland1998]

@Alexis Anders My advisor is KAITLIN ROSE STERNBERG she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@MatijaMrkaic]

So sad to hear that :( Must be really hard for you

[@JD-ws2cu]

Put that money with Raymond James. Let them manage it. Keep about 20k liquid for spending and emergencies. Don't spend to empress others.

[@baojuice8860]

AW😊 😊

[@marshallkupka-moore2046]

Love this talk! Thank you for this! Found it right when I started doing the inner work to cultivate a healthy relationship with money 💰 😌 🙏🏽

[@anirudhkannan9]

How did you find a good investment account?

[@dixiemesser1071]

Listening to someone talk about business can be boring the speakers put you in a trance with their blah blah blah monotone voice this is what I love about ramit he's exciting he's fun and he knows how to walk you through the process of getting a job better job getting a raise I personally experienced good results from listening to his advice

[@lucasrusel7718]

This is awesome! potential seems timeless. Diversifying income flow and chalking out a plan remains the smart way to prepare for the unexpected and the best way to grow and sustain wealth. 11yrs in investing space and extremely pleased with the decision I made. The good news, it’s not too late

[@davidpowell3884]

Congrats! I'm fascinated with investing, I am single and juggling all these things are quite difficult. Invested in few sectors but haven't seen any profit yet. Do you think I'm missing out something?

[@lucasrusel7718]

Right now the markets are going berserk right now. This is the best time to watch them, get to know them better, and strike when the opportunity presents itself. I learned that from my mentor, ’LISA MICHELLE PACILLAS’ she's seen dozens of market cycles over the past few decades, and she has a feel for how they move, why they move, and what comes next.

[@davidpowell3884]

LISA MICHELLE PACILLAS seems to really know her stuff. I found his page online, read his resume, education, qualifications and it was really impressive. She's a fiduciary who will act in my best interest

[@namanydv_garud]

It was different and I loved it... I was unconsciously stopping my curiosity from spreading its wings! Thanks Ramit:)

[@Waterskilakeaustin]

Bravo ! Thank you Ramit!

[@SuperBusinessManager]

Great lecture! Thanks for sharing!

[@natalieodisho7264]

One of my favorite Google talks. I read his book a few years ago, then saw the Netflix show last weekend.

[@aminathomas6097]

Make sense . All the questions are thought provoking . Thank you and all the previous negative comments are just jealous and hate spending their money on things they love.

[@Joel-wj6xe]

"Money psychology" : that's why Dave Ramsey, Ramit, and others have so much success teaching personal finance. There is no point searching for hours for a lower interest rate if you are not ready to pay down debt aggressively in the first place.

[@gw71581]

Ramit there are alot of tradesmen who suffered the impact of a recession. Can you speak to ppl who earn less than 100K but have 401K's and in our 40's . I live in the Bay and construction is booming. I'm debt free other than a morgage. Soo many apps for investing via M1, Robin hood, its confusing..

[@gw71581]

P.S I bought your book and referred to close friends. Shame on me I did not apply the KNOWLEDGE!

[@891400]

Thank you! I have worked in Silicon Valley for 14 years and this talk reminds me of why I left.

[@MovewithJenna]

Why?

[@mrrohitjadhav470]

Why

[@Hai-Nguyen91]

Why

[@shnake_case]

Why?

[@eshrath]

Why? The world wants to know why. It's time to answer that question 🙂

[@dhyanmukta]

So charismatic and caring, ‘success personified’

[@jeanette1765]

Ramit just told Google to Google something 🤣

[@scootergirl3662]

If you have ever done coding, that is 70% of what you do.

[@mrsanders6616]

I LOVE THE MICS! OMG

[@HudaynazarHudaynazarov]

The speech is awesome

[@elyselysie2862]

I am 21 and I’ve been reading the second edition of your book and I love it! I found I was already following a lot of the mentality side and even money handling side but the introduction of investing and certain savings account changed the game !

[@anirudhkannan9]

How did you find a good investment account? I'm 21 too and in Canada and it's hard to find

[@teppan9258]

Hey elyse how has applying this advice effected you since posting this comment?

[@flag_bearertruth6257]

is 2md edition different from 1st

[@nbme-answers]

3:06 Plush microphone box you can toss to question-askers! Brilliant!

[@wyattcalandro3436]

They're awesome!

[@charlescaton]

Such a Google thing to do

[@bendover-bz4bc]

Corona has joined the chat.

[@ryandury]

Jokes on Ramit. Everyone in the audience is already rich.

[@DanielPronych]

Wealth has more to do with happiness. Also more about the money we *keep* / invest, not necessarily the money we *first earn/make* (also, our best investments are in people?)

[@ryandury]

@@DanielPronych I agree, Daniel. Just couldn't help poke fun at the fact that his audience is likely in one of the highest income brackets. But to your point, that doesn't mean these people can't improve how they save, spend and invest. 👍

[@ryandury]

@@d3ly51d It's just a joke, my dude.

[@SurpriseMeJT]

I guarantee they are time poor however. Time is cheap when you are young and gets more expensive as you get older because you have less time left. Actually, I know plenty of people who make a lot of money but spend all of it, perhaps not staying poor, but in a far worse situation than they could be and suffering because of their decisions.

[@sorrymrgoogle2601]

so why aren't u doing that? what's stopping you? oh, nothing? then go do it!

[@ObehiPodcast]

This guy has a powerful sharing. Love it❤❤❤

[@thykhatrule]

Love this talk ,thank you so much

[@justfiguringitout3252]

Changing the psychology around money, is what I came out with from this talk, and here I was before clicking the video 😂 thought of the way his going to talk about invest , double your incomes, I so loved this talk.

[@getstarted7168]

Love this, thanks again Ramit for your energy, wisdom, and humor.

[@audiobooksummary5279]

true!

[@charletfoster8917]

Absolutely mesmerized by this video 🙏🏿🙏🏿🙏🏿I needed this, so uplifting n liberating🙏🏿🙏🏿🙏🏿🙏🏿🙏🏿

[@BrunoLuke]

After a terrible 2022, shell-shocked financial backers have a lot to think about and losses to recover from. An expansion report and a wealth of other data did little to alter assumptions that the Central bank would likely keep raising interest rates regardless of whether the economy slows down. This implies that portfolios will experience more losses during the first quarter of 2023. I'm currently at a crossroads deciding whether to exchange my $250k security/stock portfolio; how might the continuous market volatility work to my advantage?

[@MarcelPhilips]

Concentrate on two main objectives. First and foremost, keep yourself safe by knowing when to sell stocks to reduce losses and maximize gains. Second, prepare yourself to gain from a market turnaround. I advise you to seek the advice of a representative or financial counselor

[@BrunoLuke]

@@MarcelPhilips In fact, ever since Coronavirus, I've been in regular communication with financial examiners. Nowadays, buying moving stocks is quite easy; the trick is knowing when to buy and when to sell. The section and leave orders for my portfolio are made by my counsel. accumulated more than $550,000 from a $150,000 savings that was initially stale.

[@MarcelPhilips]

@@BrunoLuke Please provide the information for your investment advisor here. I really need it now.

[@MarcelPhilips]

@@BrunoLuke sincerely thank you I looked her up on the internet and was awestruck by how qualified she was; I contacted her since I need all the help I can get with martha. I've just scheduled a call.

[@veramonique1724]

*MARTHA ALONSO HARA* is quite popular on Bloomberg I doubt if there is anyone who is serious about stock trading that doesn't know her. She has helped me quite a few times in growing my portfolio and it was blissful without any setbacks. she is a tough person in an industry that demands clairvoyance

[@renboneify]

I like this talk for personal psychology around money. How are we as a society going to invest and spend correctly on our communities, particularly the super vulnerable who have no financial literacy/limited access to resources/preyed upon by loan sharks, etc? Preyed upon by "prolife" politicians who don't give a dn about kids raised in poverty? As a former preschool teacher and an aspiring librarian in grad school, I cannot help but ask these questions. Great talk, my cousin turned me into this when I decided to think about what I want my life to look like instead of whatever my job is.

[@AeroSixWJ]

I love this guys energy!!!!!!!

[@gabriel-xw1zq]

I am fascinated thank you

[@ThuyNguyen-bu9ge]

The magic of thinking big!

[@procurandoonepiece]

Não vou escrever em inglês, pois prefiro escrever na minha língua nativa. Sou Br e esse conteúdo é muito rico mesmo após 3 anos e acredito que ajudará muitas pessoas ao longo dos anos! Parabéns, Ramit Sethi! O seu trabalho é incrível e tenho certeza de que muitas pessoas estão felizes e vivendo sua vida rica graças a você. Muito obrigado.

[@ramgawali9075]

Very interesting, clear my points and very helpful

[@audiobooksummary5279]

agree!

[@verticalmomentumresiliencypod]

This was totally awesome thank you 🙏

[@MiegySummerChang]

Thank you Ramit, it changes my mind when I truly need the advise from creating my rich life during this inflation moment. My rich life would be having a very nice ecological bio home in a nice (preferably hot) weather area with animal friendly gardens that can be multi purpose for cooking lessons, demonstrations of eco farming and green buildings.

[@calista1280]

Sadly, he did not teach anything about how to be or get rich... He did get us to think in definitive terms of what we want to do with the money once we get it.

[@civfiveaddict8527]

Glad I checked comments in 10 minutes of starting this. Not all talks at google are worth it

[@andratoma9834]

This man is brilliant! He is opening my eyes ! No wonder he is rich….

[@nadineanneescalona7323]

probably my most favorite video on the internet

[@ryanharbert9103]

The rich doesn't have two heads rather the poor have no proper information to multiply their income. Investment is the key, it has always worked for me and it can still work for you if you have the right information.

[@sanamagar4401]

Yes investing is a preliminary decision to be made for the future.

[@kang-dae7619]

what works for you ?

[@ryanharbert9103]

I made a couple of investments but my financial market investment yields more profits for me.

[@abdenourcharef1357]

I've tried trading the financial market (forex) precisely few months back but I got confused at some point, what do you suggest ? what do you suggest ?

[@ryanharbert9103]

@@abdenourcharef1357 I had similar experience at first but I got to know better when I reached an expert trader Jeffrey Matthew. He takes care of my trades while i monitor the progress because i barely have time from my work. It's not free though, he takes 25% commission of profits he makes for me while i take 75%, it's a better deal for me compared to the losses i had trading myself.

[@TheXuism]

Good speech skill x nothing=nothing.

[@swesleyc7]

You get an A for comprehension. This guy is vacuous.

[@rbkrishnasarma]

The point he made was getting value from taking a vacation and building memories- one lady in this video said she spends money on fitness and mentioned (at the gym you get the social avenue and community, working out is healthy and fulfilling)- that makes your rich, and it's something you can't put a dollar sign on!

[@scootergirl3662]

Normally I would agree, but I think you missed the forest for the trees here. He knows he can't tell you how to spend every dollar. So he is helping you learn mental tools to make decisions and think critically. When I think "Good speech skill x nothing=nothing", I am thinking people who put interesting hot takes on social media but can't so much as write a book or article beyond that.

[@ulizez89]

yeah, the definition of selling smoke, lol

[@cocoarecords]

yup pure BS talk

[@cyacondos]

Desperately want to talk with you about condo investing! You had a sweet young girl on your Netflix series who was sadly a great example of what is happening across America with condos. There is SO much we need to teach unprotected buyers and investors about aging buildings, underfunded reserves, and disjointed legislation. The can has been kicked so far down the road that today's owners are paying some HUGE prices for yesterday's lack of regulation. Apartments and commercial buildings are regulated, but condos are not! I'm happy you are helping buyers and investors because not only are they being hit with $100,000+ assessments or investor take-overs, but safety is a HUGE concern since 50% of ALL American condos were built 30 years ago!

[@ValleyData]

This was actually very helpful.

[@wyattcalandro3436]

I was here in the room for this! Really cool talk

[@chivasowle286]

Hamilton taught me that no one was in the room when it happened.

[@momscorner269]

I want to provide more and more people what they need in their life.

[@ashepe]

Soooooo cut down on the things you don't like to spend money on. And instead spend money on things you love. WHAT A FUCKING GENIUS.......

[@rich_habits_mike]

9 habits that will make you rich is also a great book

[@sarahnamazzi8855]

U have a point . Luxury is important. I enjoy nice hotels when on holidays. Its like paying myself for my good work .

[@ginahan1]

😢 u Pl

[@TadkaTravellers]

Thanks on the beautiful talk Ramit :)

[@emmyakinlaja945]

Really good session. A different take on why you're trying to be rich or to live a comfortable life.

[@TadkaTravellers]

@@emmyakinlaja945 Yes!! A very different & refreshing financial talk

[@CambridgeJianqiaoChen]

My takeaway. Be bold on spending on things that excites you, embolden you, elevates you and inspire you.

[@BrianGivensYtube]

Something I’ve noticed is that you can use coupons your whole life and not be rich, but if you invest in your 20’s you’ll most likely be very very comfortable. I don’t bother using coupons because I only ever SAVE a few dollars. I don’t MAKE a few dollars. Coupons only operate on the basis of how much you spend. That amount is small and does not grow. Making money can grow and you will make much more than you save.

[@crucialRob]

21:00 bro - you aint billionaire status until you LOVE buying glass insulators from power lines by the hundreds

[@nepocrates]

I wonder why people think that they all can achieve the same level of "success" after being taught a skill. For example, I could be taught how to play basketball from Stephen Curry. Still at the end of the day I will still be at best junior college level player. Its an interesting speech and it could help some people. The nicest part of this is it should help you understand yourself better and that is a good thing.

[@Dogalot1]

"The nicest part of this is it should help you understand yourself better and that is a good thing." - EXACTLY!!!

[@javier.alvarez764]

Anything is possible, even Stephen Curry didn't just became good, he probably has talent for basketball but he still continuously improve his skill through training.

[@wolfferoni]

@@javier.alvarez764 It's not true that anything is possible, especially when you're talking about stuff like this. Are you saying that the people who aren't at Stephen Curry's level didn't get there because they didn't train hard enough? There are plenty of people who really do the best they can and they'll never be the best or even close. If we're talking sports, people train their entire lives and never achieve their dreams of making pro. Stephen Curry is close to 1 in a billion. It's not realistic. A lot of things are possible but you still have to be realistic about what is actually achievable.

[@javier.alvarez764]

@@wolfferoni Yeah, because Stephen Curry didn't train or improve himself to achieve success.

[@duanehall2213]

VERY Well. Said

[@SmartInvestingToday]

Good insights, thank you!📌

[@lindal6291]

Thank you so much!!!!!!

[@FactChitanda]

Dope opening. Got me hooked from start! 🙌🏿

[@jonathansmith9705]

The boundaries are mostly psychological. If folks had more money to spend, they wouldn't necessarily do so. My rich siblings don't spend extravagantly in the least -- we were raised by depression era parents.

[@nevertime1246]

Ramit's brilliant! I love this

[@kingncaba4984]

Thank you 🙏🏽

[@chrisf1600]

It turns out that this talk isn't about how to get rich, it's about how to enjoy a "rich life". My lawyers will be in touch.

[@DanielPronych]

I'm beginning to think more about the approach of: " I spent money on ... " (language I'm going away from) "I *invested* money in ... " (higher level of thinking? Call it spending if we look for telling the otherv party, "Please. Help me see the value I obtained from this?"

[@mrrohitjadhav470]

Yeah when you don't feel guilty you accept the responsibility with happiness

[@allenm935]

This man is a great speaker

[@naveenanbazhagan]

Nailed it!

[@mranthony1886]

Just with one phone call thanks to his first book with my phone company after 7 years I saved over 5k.

[@paulineschmitt4504]

What did you do that could have saved that much? WoW!

[@mranthony1886]

@@paulineschmitt4504 Free international calling instead of the monthly fee, Free static IP, Reduction in cost of Internet. This does not count the over $800 saved from slow internet and outages refunds. Its always about the company when you have a problem and how they react price is hardly a factor when you negotiate.

[@paulineschmitt4504]

@@mranthony1886 thanks. That makes sense.

[@sophiada376]

With markets tumbling, inflation soaring, the fed imposing large interest- rate hike, while treasury yields are raising rapidly _ which means more red inks for portfolios this quarter. How can I profit from the current volatile markets. I'm still at a crossroads deciding if to liquidate my $125,000 bond / stock portfolio.

[@wanyejordan8693]

Focus on two key objective. first stay protected by learning when to sell stocks to cut losses and capture profits. second prepare to profits when the market turn s around. I recommend you seek the guidance of a broker or financial advisor

[@vinedavid3413]

Please can anyone leave the info of your investment advisor here? I'm in dire need for one.

[@carlterry3040]

​@@vinedavid3413 Ma'am "Amanda btc Naomi" is a very good investment advisor I advice you contact her

[@carlterry3040]

her Face book Name ☝️

[@jordanbilly7431]

When someone is straight forward and good at what he or she does, people will always speak for them. To me I will say give Mrs Amanda btc Naomi a try.

[@WaseemSindhu]

“Nobody talks about how to spend”, this is important

[@zahraghanbarpour6217]

Honestly I never thought about the money like that before and now I became more curious on knowing what is my money dial or which eara l like to expend more money on them and rethink about how my rich life is look like ? Thank you so much

[@hamb7260]

As an immigrant who came to US with not much in my pocket, I turned my poverty into wealth by two simple important advice; first to discipline myself and not overspend on thing I wouldn't need and 2ndly, invest in something I had passion for which in my case was real estate. Real state proved over the years to be very rewarding, and I would highly recommend to those conservative investors who don't like risking their money in the stock market. I want to reiterate the importance of the 1st advice on having a strong discipline. Good luck!

[@sqsp]

Awareness is increased when you converse with people from all walks of life. Combine that with your own knowledge, skills, and aspirations - and you've got something.