MONEY HABITS: The Main Difference Between RICH PEOPLE & Poor People! | Ramit Sethi

[@rodneyrams6546]

Why aren't shows or programs like these not on mainstream media 🙄 .such a intellectual and insightful episode 👏

[@lewishowes]

🙌

[@sondre.linonus.berglund]

Because the rich owners doesn't want to spread the information 😊

[@ClassicCarCustodians]

Because networks only show what sells advertising slots. That is a business. This is suitable for PBS.

[@healthclarity]

This is the new main media. Cable TV is dead. Update your paradigm.

[@radientproductions9799]

Ramit's podcast is A MUST FOR COUPLES!!!!!!!!!! listen to it for some amazing knowledge

[@lewishowes]

🙌

[@floridanativelh568]

Great and engaging. I noticed he says Dave Ramsay teaches to pay the highest balance first when it's actually the smallest first(hence snowball) . This is to have small wins to keep you inspired and motivated.

[@lewishowes]

Thank you so much for your feedback 🙂

[@radicalaccounting]

it's the highest interest, irregardless of balance.

[@lewishowes]

🧡

[@4BetterEd]

@@radicalaccounting That's ñot Dave Ramsey's advice.

[@mmast3180]

Working on the negative to make it a positive is always progress wheather its the smallest the largest the highest the smallest to begin is to win....I want more of this please Remit more 🙂

[@Shelllmarieee]

Love his outlook on taxes. I’ve never Once heard anyone speak on it outside of a scarcity mindset, amazing. Thank you!!

[@lewishowes]

You're welcome,thank you for being here 🧡

[@carolannstevens5814]

I love his attitude on taxes as well!

[@skychall]

This guy has such an honest sounding voice

[@AngieMeadKing]

Enjoyed this 🙏🏼

[@shmuppilot79]

Thank you Lewis & Guests 👍

[@lewishowes]

You're welcome,thank you for being here 🧡

[@MsMomof1234]

Great show as always ❤

[@nehalak8523]

I love Lewis n how he post inspirational video's with amazing people to inspire others

[@don21k]

Strong mindset is important

[@lewishowes]

Yes! 💯

[@macleandanso4890]

Great content! I am curious to know his perspective on life insurance or other insurance strategies.

[@nancy5821]

Wonderful show as usual and so many gems worth putting into practice. Thank you so much Lewis for inviting your guest, Ramit Sethi. Much appreciated. Ps: Who else couldn't help to notice how Lewis is glowing lately 😉

[@lewishowes]

Appreciate you! 🙏

[@xenoimperial3739]

Llp l lol

[@Joce123]

One of the most enlightening video ...and best sponsors

[@solomanacosta1813]

Awesome info thanks so much Always inspiring

[@carlospavon7975]

Thanks and blessings

[@lewishowes]

You're welcome, thank you for being here 🧡

[@aniruddhbadnikar6739]

Thank you for nice councelling and motivation 🎉

[@lewishowes]

Glad you enjoyed it!🧡

[@suzanneemerson2625]

*counseling

[@carolannstevens5814]

I want more of this please!!! GREAT INTERVIEW!!!

[@myfindependencejourney]

Very informative. Thanks for the great content!

[@lewishowes]

You're welcome, thank you for being here 🧡

[@that_hawaiian_gal]

I love this tape, too. Thank you! I’m grateful to have no debt, to have a remote IP litigation paralegal job serving the DOJ, to have sold my house last year, to be building a health & wellness side business that has no overhead. Through listening to like interviews, I am learning. I must I must I must … build and build and build … 💰🙏🏽💰🙏🏽 … 🍾🥂

[@lewishowes]

🧡

[@ricomcclinton2982]

Dave Ramsey says lowest balances first!!

[@richardirving628]

They know Dave Ramsey and what he teaches. They set this up so we type in the comments, so they get extra incentives... Why not and good job.

[@suzanneemerson2625]

Whichever way you put it, Dave Ramsey is wrong. Pay off the one with the highest INTEREST RATE first. The actual balance on each card or loan doesn’t matter.

[@genxx2724]

Thank you for the videos, Lewis. You’re smart, kind, humble, and you ask questions to elicit information that will give people guidance. I’m in the L.A. area and would be so happy to be able to meet you one day.

[@lewishowes]

Appreciate you and your support🧡

[@globalgogetter4469]

Great perspectives and conversation

[@lewishowes]

Thank you so much for your feedback 🙂

[@ZimHomes]

Damn wanted to skip this episode, glad I held on for the entire 2 hours!!. This is treasure! Thanks Lewis, Ramit & Chris!!!

[@lewishowes]

You're welcome,thank you for being here 🧡

[@yourfriend4170]

Perfect timing! I wasn’t sure what i was in the mood today to listen to - your video popped up at the perfect timing! 🤩 LOVE all your interviews!

[@lewishowes]

So happy you are enjoying the content. I would love for you to subscribe and leave me a review here: podcasts.apple.com/us/podcast/id596047499

[@yourfriend4170]

@@lewishowes will do it with pleasure! ✅

[@yourfriend4170]

@@lewishowes done ✅

[@lewishowes]

Appreciate you! 🙏

[@milliganstravels1574]

Thank you so much Lewis and Ramit. So insightful and inspiring as always. Not in a great place at the moment with all markets being down however, need to take emotions out of it and just wait 5- 10 years we will be laughing. I am a huge believer in living below your means and investing big for later! Thank you again ¬!

[@caseypugmire5748]

Y

[@lewishowes]

You're welcome!

[@godessunivers6941]

Hello! What is the second gentleman's name? I would like to purchase his book please !

[@rockynrobynbrand]

Woh, Someone actually asked YOU, "What is your definition of greatness?"! Nice!

[@yadira8152]

I love all his podcasts. It’s exactly what we need to learn about. ❤️❤️❤️❤️Lewis I love you and I admire you for all the knowledge you have.

[@lewishowes]

Thank you so much! Your comment made my day 😊🧡

[@mkjyt1]

@@lewishowes Thank you Lewis! You are awesome!

[@lewishowes]

Appreciate you! 🙏

[@MichaelDillin]

Love it!! Thank you for affirming my choices. JL Collins should come on ur show Lewis. He wrote "The Simple Path To Wealth" and after I Graduated/recovered from Dave Ramsey school I found JL from a google talk.

[@dianah.9905]

I live in the Midwest! Yay. Thanks.

[@flARTlife]

Everyone should do their own market research. In northern NJ, the rent could be higher than the mortgage, tax, house maintenance fee, utilities all combined.

[@UdreamWeprint]

As always good content. Who's the 2nd person so i can look up his stuff.

[@lewishowes]

Chris Hogan

[@sihlesoldati5593]

Thank you for enquiring 🎁 and thank you for responding Lewis 💃🌴

[@GrantStinnett]

It’s very interesting to hear the opposite sides of the same endeavor. Lewis, you have real estate obsessive Grant Cardone, then later this video to show the complete opposite approach. It’s very interesting to see the contrast in methods to achieve the same goals of freedom.

[@lewishowes]

Glad you enjoyed it!

[@candecarro]

My three truths: Eat real food, be kind in everything you do, learn from your mistakes.

[@lewishowes]

Thank you for sharing your thoughts!

[@paule.butler9004]

I like this guy a lot!

[@humbleandgrateful9166]

Awesome Interview

[@lewishowes]

Thank you so much for your feedback 🙂

[@renzelkhamacho1379]

This is golden. Thanks for the video guys.

[@lewishowes]

You're welcome,thank you for being here 🧡

[@washthehateoff7233]

Lewis this was a GREAT podcast episode! Thank you so much. I’m beginning a new career and living alone for the first time. Thank you for asking questions that I needed answered 🙏🏾

[@lewishowes]

Glad it was helpful! So glad you enjoyed it! Appreciate you for watching.

[@gevorgkhachatrian6778]

Thank you it was excellent…,

[@lewishowes]

You're welcome,thank you for being here 🧡

[@richardirving628]

Good to see Chris again... he was ace with Dave x I hope he is doing ok

[@lewishowes]

🧡

[@mazesuma80]

Thank u for this content!

[@lewishowes]

👍

[@kornfedboy]

There is another side to the challenge of renting whether it be a house or an apartment that Ramit does not really mention in this or other videos. The challenge with renting is that you will find yourself moving as landlords terminate leases, so that they can substantially raise the price beyond the legal limit of a lease. There is no long-term sense of security. Additionally, it’s not possible to build equity and have something to leave to one’s offspring.

[@slchance8839]

Respectfully, i'll partially disagree. I was thinking about this just now. I'm middle aged and I know ALMOST 4 generations of people (i know just a few people in their 90s....but probably not for long) of different strata (doctors, engineers, teachers, cops, firemen, business owners) I am only speaking from what i've SEEN PERSONALLY, not Ramit's book nor his advice nor the mainstream financial advice. AND...what i've seen is that every homeowner (but the business owner) is not wealthy. Comfortable? Yes. Stable? Yes. But I dont see these homeowners and think "wealthy." I think they're SITTING on their wealth. If the house is worth $1.5 after owning it for 20-40 years, then yes, they have a millionaire net worth, but their income, lifestyle, etc...is still living in a middle class house and budgeting for middle class vacations and middle class used cars. Their house and income didnt get better, they just have maybe a few thousand dollars a month bonus from not having to pay a mortgage anymore. IF they've spent the 15-30 paying off the house. What is that? $24,000 more per year. Yes, it's something....but wealthy? not quite. If they wanted to LIVE wealthy, they'd have to sell the house. ANd with the money do what? buy a CHEAPER house, farther away and then live large on the profit? That's pretty much starting over again. How much of a profit, really? THe house value went up b/c ALL house values when up (over 30 years)....so the money they made would have gone right back into buying another house at the same price. SO, they're right back where they started, except now they dont have a paid off house. To BE rich, you'd have to sell you house, then spend ALL the profits on another house. Now you can sell the house and move someplace smaller, cheaper, a different country, etc....but that's the cost of wealth, then isnt it? your house got smaller, cheaper, and you live in Phillipines with power blackouts every Tuesday and no access to world class restaurants and hospitals. Upgrading lifestyle would be living in a BETTER house in a BETTER location with BETTER everything. Nothing really changed about socio-economic strata. My own example is that, i dont need **forced** savings, I save 40% of my income and have been renting in a swanky (pricey) part of downtown. My commute to work is 6 minutes, 15, if I want to walk, on a nice day. My neighbors and neighborhood is good-looking and I can be anywhere I want to be in about 15 minutes: sushi restaurants, new year's eve party, friends' homes, music hall, even the police and fire station. At 40% savings invested, my net worth is APPROACHING the same value as the homeowners. The big difference is that I can dip into that nest anytime I want without having to sell my home. Is owning a house a good idea? Yeah. kinda. For some people, who cant control their spending...it's "forced saving," that lets them not throw their money away in rent for 20 years. I cant say my lifestyle is for everyone....but I can say that i've been living my life how Ramit's way for nearly 30 years: I spend extravagantly on what I love, and cheap out on the rest.

[@anntv4654]

This is a good piece of advice. Thank you for sharing.

[@lewishowes]

Glad you enjoyed it!🧡

[@KC-dr3cg]

The question about purchasing a house or renting a house is very different depending on your annual income. If you have enough income to easily move to another rental property if your landlord loses the property to divorce or illness or gentrification then you font worry about renting. . If you have less money you might feel safer in a property that you own and can control your ability to stay in your home.. especially if you have a 3% mortgage rate and home warranty coverage for repairs plus enough insurance coverage account for natural disasters Etc

[@hollyc.691]

It should be more based on if you plan to live there for at least 7 years or not. If the answer is no, then rent. If yes, then buy.

[@genxx2724]

Do not rely on a home warranty for repairs. Home warranty is an insurance company. They are in the business of NOT paying. They send the cheapest vendors and they come in a four hour window, so you cannot schedule it around work without taking half a day off. You will have to fight for anything that needs to be done, so you better have the necessary expertise, both technical and legal.

[@LEO-vf7bj]

OK, I’m ready.

[@lewishowes]

🙌

[@thesimplefam]

I ssoooo love this! (Like always).. Yes, I won't be cutting out people out of my life, I'd rather be with people who shares the same path/interest..

[@lewishowes]

So glad you enjoy the channel! Thanks for being here!

[@michellekilmer4777]

I love the part about taxes that is why I am so proud to sit down and do my taxes myself!!

[@MrYufu221]

Love it! great content!

[@lewishowes]

So happy you are enjoying the content. I would love for you to subscribe and leave me a review here: podcasts.apple.com/us/podcast/id596047499

[@KC-dr3cg]

This podcast is like putting myself in the proximity of intelligent conversation. It's a higher vibration (level) of thinking. It influences my word choices, topics to think about, information that adds value to my friend's & family's lives.

[@kevinarcher8885]

Man I love the videos and try to follow but I'm noticing alot about these type videos they are really not for the little guys and the process is free but now days who can afford some of the conferences and live engagements

[@akatoke83]

A key insight here. Creating a community of like minded individuals. Would love to connect with some fellow Sydney siders in Oz who follow your podcasts and want to grow mentally, emotionally, financially and physically. Let me know how this can happen pleeeease! 💜

[@lewishowes]

👍

[@abigailhiddlestone585]

If you are talking about an online community and would be willing to expend it to NZ I would be interested!

[@kvs7876]

Good information , glad I own a home rather renting ….. in Florida

[@lewishowes]

👍

[@amendezmuniz]

This is a oldie but a goodie… 🙂

[@lewishowes]

Thank you for watching! 🧡 Appreciate you!

[@dbedazzling1]

You as a college kid hv CEO coming to meet you for coffee. Dude that's a privilege.

[@karadanvers6136]

It is but most people don’t bother to fill out the FAFSA or get educated about what the Pell Grant can do for them.

[@elisamandarim4552]

What's the name of the second gest on this video?

[@lewishowes]

It is the great Chris Hogan!

[@charlie64x2]

Honest question: is 401K the way to go?

[@Christina-nx1tr]

That kind of service after having a leak in your condo is not always the case especially for those that are not renting in high end accommodation. Great situation for Ramit and understand the point he is trying to make but I know of many cases where the owner of the place is not able to attend to things so quickly particularly in a Strata environment.

[@CarmenValladares1003]

I love this kind of advices💐

[@lewishowes]

Thank you so much for your feedback 🙂🧡

[@1111MeditationPortal]

Everybody can get rich, just change your point of view.

[@lewishowes]

Absolutely!🧡

[@ankuri5192]

sound quality of this video is not very good. Echoing.

[@StrategikMedia]

Huge. Because Going to school these days, widely just gets you into debt!

[@henryomorodion]

just subscribed today. l like the way you asked him questions

[@lewishowes]

Welcome to the community!!!

[@SummerBaby728]

🤦🏻‍♀️ Real estate doesn’t decrease. It crashes. But pan out and look over its history. It has never decreased over the long term.

[@mary_114]

22:24

[@oscarmoht]

My rent in the same area was 1600 my mortgage is 1400, why should I rent ?

[@Liam-iv7wk]

That jump from the back row to the exit row is real and I would have shat on that until it happened accidentally to me.

[@eddiegoodman6424]

I follow rich dad poor dad advice on real estate 🏡

[@lewishowes]

👍

[@claudiaabrego2745]

Thabk thank you for what you are doing❤🙂👣👣👣👣👍👍👍👍👍

[@lewishowes]

Appreciate you and your support! 🙏

[@chepark2023]

I need this info. Thank you

[@lewishowes]

You're welcome,thank you for being here 🧡

[@kevinhansen8123]

Lewis I would like to invite you out to dinner!

[@scotthayes7777]

🔥

[@lewishowes]

🧡

[@TonyMoze]

❤❤❤❤

[@franciscocv1995]

I lived in apartment that had water damage they didnt fix anything and when i moved they are still trying to charge me for some of the damage.

[@klopossa2]

Real estate..More than half my retirement income is rents. Which always go up. Just keep maintained and rented and it's mostly trouble free.. I belong to WLA landlord assn and vet all my renters through them. Works better than my previous way. Their expertise is invaluable. And the properties I'm renting..also increasing. .

[@vickicrouch8347]

One of the reasons so many more people are becoming homeless. Even rented places keep going up and up and up.

[@SmartestDumbGuy]

@@vickicrouch8347 minimum wage used to be $5... im not seeing you complain about how that just keeps going up.

[@vickicrouch8347]

@@SmartestDumbGuy Oh, please. Minimum wage is a joke.

[@carlyndolphin]

@@vickicrouch8347 I rent out 57 houses in my home town. Most of my tenants are cabin crew and pilots.

[@vickicrouch8347]

@@carlyndolphin Call me dense. I don't see your point? And, good for you. Obviously flight crew and pilots can afford what you charge.

[@contentprince]

this man can say I will tech you how to be rich and it's not going to be clickbait

[@lewishowes]

🙌

[@claudiaabrego2745]

Ummmn😮 Wao wao😶

[@elijahblunt2846]

Yoooooooooooooooooooooooooooooooooo

[@MichaelDillin]

Not sure how ur living. Mansion rental or below your means rental. The people that own your rental are getting rich off you and other tenants "if they are doing it like me" buy below my means, 15-30yr fixed, 20% down and hold... 10, 20, 30 and 40 years later people are gonna ask you "how did you get so rich?" I rent also. Very humble 235Sq.Ft studio. Live now like no one else so later i will live like no one else.

[@yeseniasplace]

happy to pay taxes .. .love your way of viewing this.

[@JoeMama-lh7sw]

This guy is giving u bad advise.. don't buy a home I bought one and alot of people told me not too I'm paying 800 dollars a month everyone in my area paying 1800 for a small ass apartment or 2400 to rent a house like mine lol inflation is real

[@aubrey685]

👍

[@lewishowes]

🧡

[@claudiaabrego2745]

Super super interesting the poit of view🙋‍♀️💍💍💣💣💣👏👏👏👏👏👏👏👏

[@lewishowes]

Thank you so much for your feedback 🙂

[@claudiaabrego2745]

Ummmnn😮 Wao wao🤔

[@ph1ogic]

hash

[@carlosvteck]

❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤

[@samadssss]

Put away 5-10k a month lol what world do u live in 😂

[@RealLifeFinance]

I try to make that much

[@Hephzibah1983]

I'm very upset today

[@chrisiden1]

❤💛💙💚💜

[@lewishowes]

I'm rooting for you! Just keep going!

[@amendezmuniz]

Un día a la vez… se vale sentir

[@mrsm482]

We are with you. Big hug.

[@Hephzibah1983]

@@chrisiden1 Thank you it is very encouraging to see. You have a great day

[@franciscocv1995]

I lived in apartment that had water damage they didnt fix anything and when i moved they are still trying to charge me for some of the damage.