Why You Should Stop Listening to Get-Rich-Quick “Gurus”

[@untouchable360x]

"Getting rich is easy. The problem is that most people don't like to get rich slowly." Warren Buffet

[@lowlowseesee]

warren with the w takes every time lol

[@rebeltheharem7028]

Most reasonable investor in the world.

[@epbrown01]

I got my first nvesting stake by simply working 55-hour weeks for 3 years until I’d built up $100k. There are tons of videos saying that the first $100k is the toughest, so I just got it out of the way in my 20s. The most typical response to hearing that is “Three years?! No thanks.” Every broke 20-something that hears it thinks it’s insane... before telling me about their side hustle. ;-)

[@M1999-v4v]

It's easy when you don't let everyone know your plans because when you tell a small minded person anything they will jinx you.

[@masato-lee]

@@epbrown01 Be careful telling people in your life even your family how much you make or have saved up. Building wealth is also about being discreet and not standing out because people closest to you will exploit you.

[@AwakenWealth999]

I love how you exposed the tactics used by 'get rich quick' scammers and emphasized the importance of long term thinking

[@lowlowseesee]

works just like cults and he is a pysch major if i remember correctly

[@AwakenWealth999]

@@lowlowseesee yes

[@Brian-rs4ug]

This guy is right on target. Most of the individuals making money selling self help materials/books are making their money on telling what to do. (about 80 percent of them) Rather than actually doing what they are teaching you to do. True wealth is built through PROCESS and PURPOSE driven work. Focus on a deeper purpose over a long period of time. The perks of wealth only satisfy to a degree, it’s a means to an end, not the end goal.

[@lowlowseesee]

lol @ this guy. you must be new and to that I say welcome to the IWT family. Ramit is one of the best

[@MsSphinx91]

Well... Ramit also has a self help book 😅 but yeah, his advice is solid and I compare it with other sources as well. I'm going to be doing the CSP (macro budgeting) challenge at the end of the year and I'm excited 😊

[@darbymori350]

Sounds like all the MLM Huns out there claiming a stay-at-home mom can make 6 figures in between changing diapers, meal prep and homeschooling (pockets of time). Drives me crazy.

[@76kilosofshade81]

MLMs for men

[@redmed10]

Exactly.

[@tfalves90]

As a resident of Florida, I can confirm there are a lot of scammers lol

[@bellad1063]

It’s getting very ATL like.. it wasn’t like this before 2010, it really was a retirement state

[@milivaro]

Same lol and ALL sorts of scammers too 😂

[@cur244]

As a resident of FL scammers love FL because of the elderly. Always one of the top few states for fraud.

[@OA5ive]

Yup I approve

[@kevstervegas]

I mean Miami is basically the capital of scamming.😂

[@darren1922]

I used to work for your dad at CEC when I was in Engineering school. Tell him Darren said "HI". :)

[@ramitsethi]

I will! How nice of you!

[@darren1922]

@@ramitsethi Amazing! Happy holidays to you and your family!

[@MattsGamblingSlots]

The Get Rich Quick scammers sadly prey on the broke and desperate. Unfortunately, the scammers will get at least 10 times more views than real videos like this

[@nicholasortega3709]

The accuracy of this video is profound. I love all that you do, Ramit!

[@Gabru008]

I've only seen rich people brag about how MUCH they work, never about how little they work

[@epbrown01]

This. I can’t *stand* Elon Musk, but the SOB does put in the hours.

[@Madchris8828]

The truly rich usually are usually like that.

[@paulking5199]

I've met some successful doctors and lawyers - almost all of them will say "it's not worth it" financially. If you ask about how hard they work, at best, you'll get something like "it's not that bad", but don't be mistaken, it's hard work and they earn it.

[@factorfitness3713]

I don't think that's good either. They're also just signaling (and maybe sometimes outright lying) but to a different audience. How much someone works is irrelevant - it's the results that matter.

[@Gabru008]

@factorfitness3713 results usually come from hard work. You can say luck plays a huge part, but even luck favours the people who are ready for it. I agree sometimes they might be signalling or lying but it's still a good message.

[@mykhalable9433]

I really like you as a person. Not just your financial advice, but you as a person.

[@DavidK-ts7lm]

I listened to your book a while ago. So worth it. Thank you so much for taking the time and energy to help people get a better grasp of the realities of money. Freeing them from the baggage they don't even realize they are burdened with.

[@bgirldskco]

I’ve fallen for one of these scams before. To get rich quick by buying an Amazon Seller course for $8k. Sigh. Wish I had seen this video before falling for it. Thankful for you Ramit!

[@philp3234]

You live and you learn. Leave the past behind you and move on. God bless and happy holidays to you.

[@chenaim23]

Yes you made them rich 🤑

[@professlch6347]

I appreciate that much of this conversation is: 1) about "successful" people (not solely millionaires or billionaires) and 2) embraces single folks (vs. couples).

[@obrienortega6942]

The Tate troll bots losing it 😂

[@MsSphinx91]

I knew they'd be here as soon as I saw the thumbnail 😂

[@factorfitness3713]

Sadly some of them are probably real people that have foolishly chosen to base their identities on a criminal.

[@W.H.I.P.S]

Nowhere has Andrew Tate ever promised get rich quick or brag about working little. This is false and defamatory

[@ubongabasiefiok]

Tate is nowhere near the top get-rich-quick "gurus" out there That this entire video was made with his as the poster child for get-rich-quick seems personal

[@cuvaolanrewaju2958]

@@ubongabasiefiokexactly Tate is the exact opposite of get rich quick infact he talks about suffering and hardwork more often but uno this dorks gotta drive traffic to their useless YT account 😂

[@gracemelody]

Love this! So thrilled to see Ramit calling out and addressing the plague of "get rich quick" and "look at me" crap that's taken over the internet and social media. Thank you for shedding light over this! 👏👏👏

[@xlerb2286]

Get rich quick schemes are sucker bets. We got there by boring things like payroll deductions into investment accounts, employee matches into 401k accounts, broad market index funds. And the secret sauce - time. I'm retired now and my wife only works because she wants to. We're not part of the Lamborghini set by any means but we are net worth multimillionaires. I suppose we could have had even a little more money but we both put working with good people and living what we call a good life ahead of climbing company ladders and such.

[@metalfingers6573]

Thank you for this video! I learned that I need a support system and have yet to find one but I would rather be alone and stay positive than be surrounded by people who criticize or don't push me toward my goals.

[@Mahim1995]

When I first heard about you, I was broke and now after all these years I am still broke. Life does come full circle, I guess. 😂😂😂😂😂

[@travisdelucia3184]

Thanks for continuing to be a voice of reason and standing up against bullies and scammers.

[@tommypanfang]

A small percentage of "gurus" do build wealth for themselves. But they do so by making YOU the product. Vultures who focus on targeting a customer base that is desperate to get rich (and often times, quickly + without making real changes).

[@epbrown01]

It’s always cracked me up. Some of these people DO make a million doing something well - then they make *all the other millions* telling people how they made the first one.

[@kishiaward5]

This is why I love Ramit! 😂

[@BK-tp6jf]

I subscribed, you seem very genuine and real. I am an average person looking to win at life in a legal respesctable honest way and you re inspiring

[@jamesgilleniii]

Uncle Ramit spitting facts! Let’s go!!

[@PaulAnteDanielsen]

About the social circle Ramit mentions in part 3; sometimes people who atempt to inhibit your behaviors could in fact be a good resource. Again, nuances with peoples function and intentions are important. If someone who cares about you implies you to take a day off to rest or go out to have fun, that could be a signal for you to listen. That put aside, great video and great inspiration!!

[@mariayoutubing]

The way Ramit defined the concept of "being coachable" impressed me! I always thought I was coachable because I love working on myself, learning new things, trying new approaches and improving through other people's feedback, but Ramit mentions that being coachable also means being rested and financially safe before investing in asking a professional for help. That's so true and from that angle, I could be doing better. In desperate situations, we're overwhelmed, exhausted and vulnerable (both psychologically and financially) and I have made the mistake in the past of signing up for amazing education and training that I couldn't really enjoy because I was struggling to pay for it. It's difficult to be coachable and see valuable transformation when you're scraping by.

[@nomaam5891]

I freaking LOVE Ramit!!! His realness is so appreciated!

[@FangerZero]

Doing more than my 9-5 is too much for me. I don't want to lead, I don't want to be in charge. I just want to be a minion. So I'll continue not spending outside my means, saving my money, investing, and just hanging out and taking life slow. I'm not interested in racing to my grave.

[@coreyw5981]

And its still possible to live your rich life this way too. Even if its not the classic rich life the way other people would see it

[@LeviConquersAll]

“ a lot of scammers live in Florida” this is so true.

[@iCameAcrossthis]

"Often objectifying Women"! Oh thank God someone finally said it!

[@Anitsirc25]

What a great video! Thanks for articulating the use of social proof and the derision of 9-5.

[@aas55]

Google has a quantum computer but can’t get the crypto bots out of the comments 😂

[@Sincrow]

Dude the crypto bots USE the quantum computers 🤣🤣

[@JarinCOD]

loooooooool

[@Gabru008]

It's funny, but the computer engineer in me can't stop cringing on how technically inaccurate the assumptions behind this statement are 😅

[@BigThangs]

​@@Sincrow 😭😭

[@doramwaiseghe5614]

😂​@@Sincrow

[@farameen_mola_ali_a.s]

This video deserve 100M views

[@MecheGT]

Thank you, I am tired of them myself

[@only1javan]

This was awesome Ramit. Clear and Direct points. Our mindset plays a big part in getting us to our goal.

[@TopVillain]

They’re people online that sell you a course to getting rich without telling you the reason why they’re rich is because people are buying the course to get rich.

[@Wonderwoman79G]

Thank you for this video- the fact you highlighted that they criticize people going to college and they objectify women,is brave of you.These people have a lot of hardcore supporters and supporters.

[@AussieguyQLD]

Great advice Ramit. And great advice can be a life-changing turning point for people who are ready to listen. Thanks for great content and changing financial lives for the better!

[@coya8coy]

You ain’t lying about getting the sleep right. I’ve been dealing with sleep issues for the last three years; I was diagnosed with and began taking treatment for anemia about a year and a half ago. I didn’t really feel the full benefits until this year, but now that I’ve had more energy, I don’t want to stop enjoying my hobbies and go to bed on time; it’s a work in progress 😂

[@MordysSubs]

Ramit, thanks for being authentic.

[@Quanic2000]

You're describing every crypto bro on Tik-Tok 😂

[@matthewsawczyn6592]

My fav is the classic cycle of "buy my book or course to get rich like me", as if that's not the reason they're rich

[@mercabrad]

You are one hundred percent right. The world needs to hear that. You are real Mr. Ramit.

[@kemi1486]

Call em out Ramit!!!

[@Nyteshade007]

I sat through a "free" copywriting webinar last night hosted by Cardinal Mason just for it to be a pitch for a $4000 coaching program on copywriting with promises of 10-15K a month. There were a few tips but mostly just the sale and hype language. So many of these nowadays.

[@NFTMule]

Thanks for this video. I really felt this.

[@debasmitabasu_456]

According to the video, here are some tips on how to get rich: Get the basics right: This includes getting enough sleep, being humble, and having a support system. Be coachable: Be willing to learn from others and be open to feedback. Be consistent and celebrate your wins: Don't give up on your goals and take the time to appreciate your accomplishments. Get out of your own head: Don't be afraid to talk to people and get their feedback. Have candid conversations: Be honest with yourself and others about what you want and what you need to do to achieve it. Build wealth: Pay off your debts, build an emergency fund, and invest your money. Surround yourself with positive people: Spend time with people who support your goals and encourage you to be your best.

[@EduardoScobar]

Worse part is that some people will defend scammers. Even tho when what they be selling you can get it for free or they be pumping and dumping crypto or memes.

[@Madchris8828]

The biggest reason I often criticize college is the cost to benefit ratio. Many people who get the degrees, might genuinely be better off doing something different with their money. I will also say that I know a lot of people who never used the degree, and a few that are in debt because of it. Its a complicated issue and some people are too dismissive of degrees, some ride them too hard. I have also on the flip side known people who paid off their degrees, use them daily and have good reason to have the degrees.

[@josefj1776]

What I do is look at the conflict of interest because everyone has one or more. And what type of fear are they trying to make.

[@Doctor_DBJ]

Super helpful as I focus on my entrepreneurial journey…thanks! 🙏🏽

[@eldersprig]

The Graham Stephan face was funny.

[@mircomuntener4643]

You absolutely can get rich quick. Usually by being a get rich quick scammer pretending to be rich and giving them a bunch of money for their secret program that's just a bunch of manifesting toxic positivity word salad.

[@sebastianjones2014]

I was watching snowfall, and the ending make me understand that quick get rich schemes have a peak but then a fall...the money mask the pain bellow the skin.

[@darren1922]

I just got your book and can't wait to read it this weekend! Thanks for helping us normal people!

[@cherylvargas8861]

OKAY!! OKAY!! Thank you for clarifying that -you do have to hard work to get somewhere. Man, being a woman working for almost 20 years in a "man's position" and hearing that "making millions for little work" scam -made me think sometimes. Like for me, "I been doing this all wrong!". So now coming from a very smart guy that I already read his book and been doing basically what he wrote, I have been doing this all right!!!! THANKS😀👍👍

[@cherylvargas8861]

At 45 yo, I work 7a - 4p. 401k almost $xxx,xxx. Home paid, cars paid. Kids graduated 1- a Marine, 2- colleges.

[@modupeola4988]

coming back everytime this is liked

[@switchpot]

Awesome video on these people Ramit!

[@miles-178]

absolutely ... it was always something unrealistic and suspicious to see all those "unknown, trendy good looking, quick how to get rich gurus" who used strong sounding motivational phrases ... but it was so obvious that there´s some trick ... it simply doesn´t fit into real world, real everyday effort, education etc.

[@teenidol18]

I've never seen a guru forget to put a microphone in front of their face when they're recording.

[@joshuamartinez-go2hr]

Great video. I appreciate the positivity 🤝🏾

[@zachm.4881]

So so glad you posted those old school pics Ramit! Geez I still remember all those guys! BVHS!

[@briann8983]

Dude, love your videos. I love the sweater you are wearing in this video. Fire!!!

[@ramitsethi]

Best compliment of all. Thank you

[@ShellyCap9]

Get Rich Quick Gurus is basically Robert Kiyosaki to the T. LOL I just heard The Financial Diet breaking down his book

[@mr.hernandez801]

I read his book (Kiyosaki) and have come across some of his videos. I get an impression of an immoral/dishonest person. In fact, I believe he set the ground for others to jump on the guru bandwagon. With age, his advice sounds simply nuts.

[@baywest]

Yeah seeing financial diet go off on that book was such a fun watch

[@06chicho]

Ramit, I absolutely love the content you and your Team create. This is probably one of the best videos so far. Keep it up! ❤

[@richheruk]

I don't think 'get rich quick schemes' are the biggest issue with Andrew Tate.

[@sylsuthss]

I was thinking the same thing.

[@em97c]

Well sure, but this isn't an Andrew Tate takedown video. Ramit does financial content and stays in his lane.

[@calvinbarriga195]

lol

[@ThomasJarred-fl9uf]

😂

[@hanibee22]

Thank you Remit, I’ve cried when you said to celebrate each success. I’ve made my first 5 figures sales last month, and that figures is what I’ve always set on my goal. I’m grateful at that moment though still felt unsatisfied at the time and let down the compliment or the hype given to me. But when you touch on that topics suddenly I’m bursting into tears, as I truly should given myself a good job well done on my first target achieved. ❤

[@3rdeyesree]

9to5 jobs are great if those paid well. I’m thinking 0% about job/work outside of these hours.

[@nickthequick]

Then you are probably in a line of work that has very little chance of promotion. If you were in one where there was possibility of advancement, you would be thinking about what happened during the day; did you handle it well; how could you have done better or what would you do differentlyu next time. Because that is the only way you ever get promoted.

[@ntimn8r]

Fantastic video!! Just unrelated, Ramit's shirt is perfect.

[@susannahkohler9502]

One of his rich life criteria is nice clothes

[@crawfordkmcdonald7313]

You should plan for the long run, but have a real sense of urgency. A mentor told me years ago that once you went all in on entrepreneurship you should be making a million a year within 7 years. Years ago I thought that was absurd and it was a punch in the gut…but 3 years in he was right. You must both be willing to go for the long haul & understanding that you must move quickly.

[@GTC7702]

Great video! Thanks Ramit!

[@rachelschwinghammer6916]

I like your life style suggestions, I want to hear more! Kind of like having a friend who becomes a millionaire and learning and mimicking their habits

[@alexsegovia2657]

appreciate you ramit 🤝

[@logwhitley]

The amount of scammers who do Tedd Talks is quite remarkable.

[@KFontLab]

I always wondered how they are vetted.

[@lx95020]

Ramit. I'm taking my wife and my teen to see you at SF Palace of Fine Arts next month. Got to get the next gen. investing sooner than we did..

[@jasonverify]

This is great, will share this

[@streetguru6240]

HE DID IT🎉🎉🎉 Nice Ramit

[@irenaeusofpensacola]

I've always loved Ramit's stuff since I bought his book on being rich in Barnes and Nobles. It gave me a really good start. I don't do things exactly how he does (even though his advice is great), but he helped me obtain the financial literacy I needed to figure out my own way of doing things.

[@baddboo]

This was a great great episode!!!!

[@Pekrul2488]

There are a slew of people giving financial advice on KZbin and most of them are not certified financial planners. One thing that I think would be worth explaining is how the everyday person who is not knowledgeable about personal finance can distinguish between all of the different gurus out there, not just the obvious scammers but those who give financial advice that appears valid on the surface. How would an everyday person differentiate between someone like Robert kiyosak, grant cardone, dave ramsey, or ramit?

[@hellfire0332]

Honestly, the good ones are all going to pretty much say the same - or very similar things. The basics are to just live on less than you make, build an emergency fund, eliminate or reduce debt, and auto deposit monthly into an index/mutual fund through your 401(k) or Roth IRA. If you can stick with that for the majority of your working life and maybe purchase a home at some point, it's almost hard not to become wealthy (or at least comfortably retired) in your later years.

[@michellegreen1072]

I don’t think these 4 would get along. 😂😂😂😂

[@michellegreen1072]

They don’t need to be a CFP. That’s just a marketing brand.

[@Ruki_VDoctor]

There is this crypto “educator” in my country who is exactly like mr. Ramit described (young, showy, discredits college, etc). He’s selling a crypto academy for 17 million ($1100) a month for his crypto education and picks. A FREAKING 1100 BUCKS A MONTH, and his customers are youngsters who are not even able to make money themselves

[@gaurinawathe6856]

Worst are the ones who film themselves like they're in some interview. It's kind of sad and pathetic! 😂

[@makydilkhush]

Successful people really dont have a support system sir...cz everybody leaves on the path to success....

[@tomiasthexder7673]

The best way to get rich is sell products to people on how to get rich…like this guy

[@ppraish]

I think a lot of scammers live in Florida. 😂🤣 I went there years ago, and that's the vibe I got there that those commiting crime or scamming others lived in Florida.

[@ncprasad]

Ramit we do have a lot of get rich quick scammers in SF. We call them VCs.

[@ShredzZ_SteamDeck_Gameplays]

Its same everywhere even when I started learning coding 4 years ago there's courses like "Learn coding in 2 weeks, make 200k per year", and ofc those courses are pure BS

[@lisset__]

Do you have resources for single mums who struggle with cost of living. We are tired doing it all with no help .. some book to read to start with

[@bookwormbon482]

Fantastic video, thank you

[@mobilemachine1578]

SOLID, Ramit

[@gdash4832]

Do you consider FIRE to be get rich quick movement or a scam they tend to have to have a quicker time line to asset growth and the goal is ER but they even admit that most people that do FIRE have to work hard and live frugal at the start and those that succeed tend to do other more work but they do use words like middle class trap.

[@aas55]

Not a scam IMO. They’re still working, living frugally, and living frugally to achieve that goal. Whether or not you can achieve FIRE depends on your lifestyle, income, and stability of your investments. So the plans are highly individualized.

[@erichkitzmueller]

FIRE is not a get rich quick scheme. It might not work out for everyone, but if you try fire and fail, you still have a lot of savings and investments - just not enough to retire early. Get rich quick schemes aim to take your money and make someone else (the one promoting the scheme) rich.

[@joshdawson5850]

Ramit is very sceptical of FIRE, in that it can lead to obsessive behaviour re cutting expenses and that people would be better off working an extra 5-10 years and living their rich life.

[@whysoblutube]

Not only that, but when they achieve FIRE, more often then not, they then have no more purpose in life. They stagnate and it becomes a boring existence. Just for some, not all.

[@ramitsethi]

FIRE is definitely not a get-rich-quick movement. It's the opposite! But it has its problems: kzbin.info/www/bejne/lXq8mX-mpbljf80

[@BostonCycling_]

Scammers are using your pictures to promote various stock trading or crypto schemes via promoted ads on Facebook and pretending to be you which I find incredibly ironic but I also want to help them shut down

[@Chris-sx4qw]

Great commentary

[@NewAgeFinance-n3d]

Preach Ramit, Preach!

[@lamentate07]

People need to accept a more average life. We can't all be rich. There is no shame in living an ordinary life.

[@MrRealsince98]

I think the other side people don’t talk about that often is actually trying to rise up the corporate ladder while applying ur money principles

[@bytescents7074]

So on point!

[@CreativeFunction]

Lots of scammers in these comments. Watch out everyone.

[@Makeitmakesense-x1s]

This guy is the truth!

[@themboys304]

I love your content Ramit. I learnt and have been inspired so much. My 2025 goal is to double my investment. I am working on my job, self, a side business and learning financial planning more. Happy holidays! Cheers from India.

[@Thegeneral-k5g]

best way to get rich is marketing on how to get rich