These 7 Money Habits Keep You Stuck

[@minionofgozer7414]

This guy has helped me massively. Never met him, but I read his book and its opened doors for me. Im no longer a chump with debts I can't pay. Im almost debt free, and ill never go into long term debt again and I'm building my personal wealth at the same time. I feel late to the game, but im catching up fast. Thank you Ramit!

[@epicsnowleapard]

I check my accounts every day because its a sort of motivation for me to keep trying my best to save and invest, just like watching this type of content every day

[@aspreedacore]

I check my account cause I'm bad worh math and I want to maximize gains

[@jorgeflores-lp1sj]

I do the same to keep pushing as well... it keeps me motivated

[@sct4040]

Saving earlier in my life, I would write down all my account balances in a composition notebook every month. It was incredibly motivating to see my modest savings and investments growing monthly then yearly. I still have that notebook, it is humbling to see my money history. It’s almost laughable to see the little bits of money I had.

[@shadowninja6689]

Similar story with me, I check my stock portfolio at the end of every day the market is open because I want to see how well my portfolio of (mainly) individual stocks is doing, as it's one of the things that helps me decide what stocks to dollar cost average into when I get my next paycheck. And my portfolio is worth over a million dollars, so it's not like I'm watching $10 movements.

[@ViggsPR]

[00:25] Habit #1: Ignoring money [01:55] Habit #2: Asking $3 questions instead of $30K questions [04:02] Habit #3: Playing defense with money [05:44] Habit #4: Following invisible scripts [08:37] Habit #5: Having generic goals [11:18] Habit #6: Spending without a plan [14:43] Habit #7: Having a scarcity mindset

[@jirensentry7609]

You Are. LIKE-MINDED!!! I was going to do this myself!

[@jirensentry7609]

Habit #1: Ignoring money A. pay attention to your spending craves B. Set exact date pay-offs for all debt payment C. Do not use credit cards anymore til all debt paid D. Start investing NOW! HABIT 2: Asking $3 questions instead of $30,000 questions A. Unaware of Investment fees B. Not negotiating salary C. Think of plans to paying off large debt - huge pay-offs D. HABIT #3 Playing defense only with money A. B. C. HABIT #4 Following Invisible Scripts A. B. C. HABIT #5 Having/Following generic goals (money to pay bills, etc) A. B. C. HABIT #6 Spending without a plan A. B. C. HABIT #7 Having a scarcity mind-set (spending paycheck to paycheck; believing you only have just enough or very little) A. B. C. HABIT #8 A. B. C. HABIT #9 A. B. C. HABIT #10

[@PaperRaines]

Thank you. I came looking for this comment because I think this dude is smart, but he really likes the sound of his own voice lol. Lots of fat he could trim off his soliloquies, so thanks again

[@sparklemotion86]

@@PaperRaines😂😂😂 💯🎯. Just saved 15 minutes of my life 😂😂😂

[@lee-13]

Thanks loads ❤

[@mtchnelson]

Dude, whoever edits these is KILLING IT. Great stuff

[@ramitsethi]

Thank you! Our video team does amazing work. I will share your comment with them now!

[@vlogvision8243]

Agreed

[@justkimintheworld6298]

I work in the fraud loss department for a major bank. I log in and check my checking and credit card accounts each day just to make sure everything looks good. It takes me just 2 minutes. It's sooooo much easier to stop any fraud if you catch it early.

[@hazelnutbix]

Today, I spent the whole morning at the police station and the bank to deal with my account being hacked and had €353 stolen. I will check my accounts much more frequently now. As you say, it only takes a few minutes to make sure everything is as it should be.

[@Erin-rg3dw]

Same. Not a "fraud" case, but my CC was accidentally being used by a family member because it was attached to the Prime account, and they didn't notice that it was the automatic option. If I didn't check my account somewhat frequently, I wouldn't have noticed until my statement came because I put very few purchases on my card. We cleared it up, but that could've gone on for a while.

[@mdel310]

I've seen an increase in credit card skimmers on video/news, definitely wiggle the pay terminal if you intend on paying with a CC or even easier just use an NFC payment like google/apple pay.

[@silvestrasskeirys5416]

Guys I think you did not get the point of checking, He talks about checking investments everyday. In the end of the day it does not matter it went up 0,5% in a day or not, it’s a long run.

[@AG-xt6ei]

Lock your cards on the apps until you want to them. Also turn on notifications for all transactions

[@lindsay3995]

Checking my accounts almost every day is exactly how I stopped ignoring money two years ago and jettisoned 15K in debt and began investing in retirement. It’s incredibly rewarding to watch progress and helps me acknowledge that my savings is building which helps me avoid putting emergency expenses on CC.

[@ramitsethi]

I appreciate that. Great work!! In a way, the message in the video is about knowing when to *stop* doing certain behaviors that may have once served you but don't any more. Something to consider, without taking away from your very impressive accomplishment. Again, great work

[@Tealzeal]

@@ramitsethi This resonates with me (as well as @lindsay3995's message). I've learned part of my process has been: stop ignoring money, learn/tackle/automate my money system so every thing is taken care of without needing my attention more than once a month, and the current part i'm on is LETTING GO of watching all my accounts daily and TRUSTING the system i've set up to work. This part has been hard psychologically - i'm so afraid to let go of daily watching because of my fear that i'll fall back into ignoring and forget to check things monthly. I just unistalled the apps from my phone because you are right. There is no helpful decision/attention i'm contributing to my finances daily - it's just about trusting the process and detaching myself from it other than my monthly calendar event to check in on my money.

[@christopho7111]

I second this. Watching the progress everyday helps. In my opinion people that are bad with money don't check thier accounts because they don't care and are scared to see thier accounts.

[@asiagabrielle]

That is how I took it. The list @ramitsethi gave of what it tells you *is* where I'm at! The plan is to understand the current state and create a system where I do understand and don't have to be as hands on. ​

[@JackSimmons503]

Fixed costs include food and groceries?

[@VBoo459]

When I figured out WHAT I wanted, I realised that working a 9-5 was absolutely fine for me as long as it offered me the flexibility I needed to achieve what I wanted. Its funny how people imagine their rich life and still don't know what that rich life even means. For me, its not sitting at a beach 24/7 every single day, that's boring after 2 days and most retirees end up either going back to work, or opening a business or volunteering. I need excitement, I need to work towards something, I need to do something.

[@renogunzddragon1900]

Some people still want to work after retirement because working is all they know in their life, i want to work 9-5 focusing on my business for 10-12 years after that i will retire & travel around the world,after all that is done,maybe I will work part time just to meet other people & socialise 😂.

[@InfinityDz]

retirement is staying at home playing video games, reading books, volunteering, cycling, fishing, and gardening. I have no interest in pretentious hotel resorts full of shallow people.

[@marlaedington6471]

Sounds like pretty good goals!​@@renogunzddragon1900

[@MyWayUp365]

I love to talk about money, finances, taxes etc. but my friends think i am crazy. Thats why i love to watch your videos then i dont feel crazy. Thank you Ramit!

[@007NowOnline]

Lol. Same. Everyone looks at me like I'm talking about deferential equations or trying to split the atom. 😂

[@RealReelsRightHere]

It’s bc they don’t see results yet most likely but that’s on them

[@PaperRaines]

You need better friends, for real lol. I literally just had a two hour conversation the other night about investing with my best friend

[@kevinjohnson4909]

I feel the same way I talk to my wife and grown kids about money but when they broke they come to me

[@dasha3381]

I noticed similar things. When I'm talking about money or asking something it's like I'm asking something waaaaaay to intimate

[@Ashleycorrie8494]

Thanks for the video. I finally established a way to increase my net income per month. My 2024 goal is to pay off the house by Sept 2024 (8 years total into a 30 year @ 4%). I have no debt other than mortgage. My 401k, HSA, IRA and emergency funds get maxed out. The mortgage is my last piece of debt left. I don't have any school loan or CC debt. I've made a lot of sacrifices over the years. I'm almost at the debt free finish line.

[@Rhgeyer278]

Congratulations on taking the steps necessary to get yourself out of the financial bind you were in.

[@Byrondavis89]

Facing your medicine can be difficult. However, with commitment, you'll ultimately reach a highly satisfying place. It's all about the actions you're willing to take.

[@sct4040]

Live your rich life, plan a treat every week. Enjoy your money.

[@EwYoureCringe]

I am glad you did the “frivolous” comparison. IMO a lot of it is rooted in misogyny. Purchases that are considered feminine like weddings, clothes, and hand bags are always deemed “frivolous” while masculine purchases like trucks, cars and electronic purchases are rarely called the same. And even if they are called out for being too expensive in the PF space there is rarely the “shallow” and “materialistic” judgment placed on the person who bought it. Single women spend even less money than single men on average, a lot of times because they are more capable of cooking. But the narrative is always that women love spending money.

[@ramitsethi]

I completely agree. I never, ever hear a truck called "frivolous." Instead, the people who buy them constantly refer to the features (but often disparage equivalent "features" on handbags or face cream)

[@Erin-rg3dw]

My thoughts, too

[@sylvesterblue]

Never seen it from a gender perspective. All the same - final impact is the same on one's finances

[@DTGG3JumpManual]

I read your book and was able to get my APR lowered on most of my CCs, interest fees waived, and even increased my limit. My parents highest education in HS and barely passed so when I graduated college and now finally starting to take control of my finances. I have such a huge relief that seeing my debt be paid off quicker is amazing. Thank you!!

[@courtneyjohnson315]

How did you convince the credit card companies?

[@DTGG3JumpManual]

@@courtneyjohnson315 I was candor about what went on, my wife had an emergency appendix removal and I missed 1 payment and then I showed that I always pay on time and have good standing with my credit history. I pretty much asked for all 3 straight up with confidence. I’m not a shy speaker so I used a professional voice pretty much all the time.

[@niiamon]

since i started listening to you, i am AGGRESSIVELY (like no jokes) paying off my credit card debt. No more credit card debt.

[@niiamon]

no more having debt@@OZYM1

[@ramitsethi]

Great work!

[@nancysavard4322]

It was the best thing I've ever done. Zero debt and living within my means. It really gives me peace of mind. All my bills are regularly paid. I budget savings for every pay period. My next big challenge... investing.

[@PaperRaines]

I paid down all of my cards a year ago, then got into some personal adversities and became nihilistic about finances and maxed out all my cards all over again. So hard to get good, so easy to mess up again

[@lowlowseesee]

@@PaperRaines yeah you would have to change your money psychology which Ramit has talked about all the time on his podcast, in his books and even in a recently released video

[@LiquidityOcelot]

So good to hear your thoughts! We sold our share in a business and invested via our advisor in late 2019 and have subsequently gained over 10.5%, which has been more than enough to cover our travel and living.

[@catarinahortabargao2007]

Ramit would you ever consider to bring on your podcast some experts to help and give some guidance to people with disabilities or other pathologies to live their rich life? Not sure if you have been asked before but I think it would be interesting as I totally agree with you over the 7 habits but there are so many underlying challenges for people in different spectrums (and no it's not an excuse 😅) It would be nice to discuss further more. Cat 🐈

[@nicholasseansurin5296]

Thank you Ramit. Nobody ever taught us this in school and after.

[@mmp495]

Ramit I paid off my house and a rental house this past year. I am 💯 debt free and investing 15%. Because I had been so intense the past 2 years paying them off, I'm having a hard time treating myself and figuring out how to live my rich life.

[@douglassmith215]

Congratulations on paying all your debt off! Have you celebrated?

[@mmp495]

@@douglassmith215dinner with my family. I need to go big! 😆

[@NeoAndersonReloaded]

analysis paralysis

[@suzanneemerson2625]

How sad that you paid them off. You could have used leverage and invested that money at a huge positive return, instead of paying down mortgage debt over these past few years. You would be way richer now if you had done that. Having no mortgage debt is often a huge missed opportunity. Notice I didn’t say cc debt. That’s always the devil.

[@mariaeugeniaespinozam.3691]

This is the year where my family starts living our rich life! We're working towards tracking expenses so we know where we are in terms of fixed expenses, etc. Not all countries are so automated as in the US where you can set up everything automatically, but it's worth taking the time to have the awareness and designing your life!

[@highticketclosers]

That's awesome

[@MaPrajna1]

My habit fell into the category of ignoring money/not investing. Now in my 60's, I'm playing catch up. I can't make up those years but I can manifest money going forward. And I make sure that all of my employees sign up for tax sheltered investing as soon as they start in my department! Thanks for the helpful advise.

[@rowboat8343]

We can't afford it is the story of my childhood and most definitely the first thing I say to my kids. I love your message Ramit. Thank you.

[@TomThumb8345]

After reading your book I started using YNAB and it was eye-opening. I realized I’m spending way too much money on my car and I really don’t care about it. I’m trading in my M4 and buying a used civic for cash. Thanks for all the great financial advice!

[@LostinMinnesota]

YNAB is a game changer! congrats

[@HelenG11]

Definitely love your insight. This video is Gold! I even laughed towards the end because of your reaction when you mentioned the example of the beach house.

[@maryannecomrie8611]

Scarcity mindset. Thats my dad. He always had us constantly switching off lights, closing taps, only filling up the kettle halfway so that it boiled a small amount of water, we never went out to eat and if we did he would guilt trip us into buying the cheapest menu item - and yet we were well off, lived in a big house and went to good schools. My dad, however, grew up in poverty with his own father selling off his bicycle and other items just to survive. Ive grown up with that same mindset and find it extremely hard to spend money

[@s0ph_002]

i’m the same way. i catch myself reusing water i didn’t drink that got sat out, for my plants. to make sure nothing goes to waste. maybe some OCD as well. but i think of everything as money which it is, i paid for that water… but it’s definitely holding me back

[@janessah8684]

​@@s0ph_002 I do the same thing with the water. It may seem silly to someone but it's a good thing to not be wasteful and be conscious of how we can maximize things. This will come out in other areas, too, I'm sure and maybe it is a small change, but then we can "spend" or use more absent mindedly in other ways. And at least I feel better when the news says we have no water in the state and my plants get the old water I saved 😌 haha at least someone else does this like I do!

[@maryannecomrie8611]

I definitely do the same. It hurts me to waste food, water, money unnecessarily. Constantly feel guilty

[@edwardbanjo5146]

Hmm, don't be too hard on your dad. It is funny that some folks now have an abundance mind-set because they had fathers like yours.

[@dasha3381]

​@@s0ph_002reducing waste is great! It's totally great for environment. The psychological basis might be different though.

[@astroborne]

Love your content Ramit. Just finished your book the other day.

[@jess-i8j]

Loved the new format and set design! But I especially appreciated how you spoke up and said that helping ppl with their finances doesn’t mean you get to degrade, demean or shame them. There’s definitely another creator on YT who uses bullying tactics in their “financial education” content👀👀

[@JujuGurgel]

The fact that this guy has under 500k subs and Mr Beast has millions of subs, tells you exactly why many people in the world struggle with making smart money decisions.

[@EwYoureCringe]

What did mr beast do? He literally gives people money.

[@sluggowonder]

Majority of Mr Beasts fan base aren't old enough to work.

[@rylandallas9907]

It’s because social media is a complete joke, the more you stand out the more you’re seen regardless of how you impact the world

[@lowlowseesee]

thats not a "why". ramit and mr beast having disparate sub amounts is a result of the why

[@Huskelbuelloep]

Honestly I think you just changed my mind about money, maybe even changed my life. Weird how a 16 minute video just opened my very eyes to a more beautiful life with experiences rather than "I probably should get those protein bars... they are $8"

[@ramitsethi]

Welcome to I Will Teach You To Be Rich

[@redsantefe]

This was awesome. Would you do a video about being retired? I admit to having a scarcity mindset and have a hard time spending money on myself. I also don't really know what I want, so buying something I might not use or I lose interest in, makes me anxious. I do check my investment accounts several times a week. I do know how much assets and debts I have, but getting to a point where I can spend and let go of that old script has got me stuck. Thanks!

[@stacy984]

Some ppl will use “talking about money” against you. Just be careful who you are vulnerable with about money.

[@ramitsethi]

What do you mean?

[@twlight9000]

I think he means that there are people who will try to compare themselves to you / keeping up with the jones energy about where you are financially under the guise of "talking about money" earnestly @@ramitsethi

[@Erin-rg3dw]

@ramitsethi For example, people who will try to blackmail you or make you feel guilty or less than. On the opposing side, they could try to get money from you because they think you have it.

[@stacy984]

@@Erin-rg3dw You nailed it with out me having to be too personal.

[@michellegreen1072]

How? Just tell them no. You control how you feel and how you behave.

[@sourcow56]

I’m keeping my ‘09 Car til it’s wheels fall off 😅 but buy nice hand bags 😊

[@richhands5269]

My three favorite channels: I Will Teach You To Be Rich, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥

[@excitedaboutlearning1639]

You've been writing this same comment on Ramit's video for weeks. Why?

[@grigorirasputin425]

@@excitedaboutlearning1639he is paid

[@BoredFlamingo2020]

I’m so happy I stumbled upon your channel! I need to REALLY get specific about my what I want in my life and me and my husband’s life together. It’s like working backwards from the goal. I’ve been a production manager for plays and musicals and I always have to build the calendar from the opening night back up to pre-production meetings for it to make sense to me.

[@jon34153]

Love this man.

[@jamieson2676]

I love that you’re spreading this kind of thinking dude. Straight up good stuff.

[@cutcinefr]

00:02 Ignoring money and not investing can cost you dearly. 02:09 Focus on big wins in your financial life 04:11 Stop worrying about uncontrollable things and focus on what you can influence 06:10 Our money beliefs from childhood impact our financial habits. 08:23 Design your rich life by setting specific goals and automatic investments 10:20 Create specific and measurable goals for better financial habits. 12:21 Live a rich life today and a richer life tomorrow 14:08 Implement a conscious spending plan

[@barborakopalova4583]

I love your thoughts about spending money.

[@sahrogers]

hahaaha..........uh a beach house........it doesn't even have to have a roof!...........hahaha. LOVE THIS VIDEO - THANK YOU!!!!!

[@ceescorner]

I got a financial advisor who's teaching me why we are investing a certain way. Is this acceptable? The fee is under 1%. Still acceptable? I'm not versed in investing. I also have everything automated now thanks to you. I felt good doing transfer when they are due but i find myself checking my accounts daily which i noticed and started searching ways to help me stop and stumbled on this channel with help of a friend during conversation. Automated feels better.

[@bodiestevens9845]

I know what I want. I want to vacation once or twice a year, go to the grocery store and not worry about what I buy, leave my kids some money. Drive a descent car, I live this life now and I want to continue when I retire.

[@NeoAndersonReloaded]

I realized everything i want i have or can get in a year or two. Its pretty crazy and weird.

[@ayanadorzhieva36]

Hi! I love your videos! I like you more and more! You made me laugh a lot ❤

[@emmamaxfield7568]

This is amazing! To the point and full of helpful content. Rewatching straight away with pen and paper to hand……thank you 👏

[@JenKumar]

Thank you for all you do.

[@malemaline]

I just feel sad and lonely. I'm tired of working toward things. I just want to be.

[@msheehandub]

Maybe you need to speak to a therapist

[@malemaline]

I have, but hasn't helped much. @@msheehandub

[@douglassmith215]

The thing that’s blown my mind is the guilt free spending percentage… I must be a scrouge! I’m obsessed with paying my mortgage off earlier and struggle to spend money now. It’s an imprisoning mindset.

[@TheMillennialMint]

The whole “checking your accounts every day is bad” segment, I actually disagree. I have the savings/investing/lack of debt that I have BECAUSE I check my accounts nearly every day. I know where my money is going, how much my wealth is growing, and have better projections of when I can retire and travel the world because I do that. It feels good to see everything moving in the right direction.

[@1petgor]

Great tips! I feel empowered when it comes to my money. Having that guilt-free spending account has been great. It allows me to plan to spend on the things i want while still managing my other expenses

[@elliottnixon-wq6sp]

Someone could freeze frame the time stamps like 12:31 and turn them into wall art. Ramit could start an entire meme line with the expressions on his face.

[@MEATX512]

😂

[@ramitsethi]

Lol this is a good idea

[@allardvanderstarre5238]

brightens up my day, well said

[@claudetterobinson67]

You are so comical 😂and this makes me want to become even better with my money!! 💰

[@raevalverde7757]

I notice in your videos you don’t talk about emergency savings? I bought your book and I’m working your plan, but was wondering if I should save 6 mos. Living expenses before investing? I’m concerned that if an emergency arises I won’t be able to access my money?

[@ramitsethi]

I talk about it. Please finish the book!

[@lkumar4295]

Also, I think it would be helpful for Ramit to discuss how he mastered his money psychology and overcame obstacles and money psychology hurdles/shortcomings from his upbringing in an immigrant family

[@vulpixelful]

He hints at it sometimes on the podcast, but a dedicated vid on that would be cool

[@ramitsethi]

This is a good idea. What could I specifically cover that you'd want to see? Thanks for watching, btw!

[@javierartimemuniz7044]

I think focusing on how your relationship with and attitudes toward money is the same or different from that of your parents, family and social environment, and telling the story of how you acquired those, can be really useful to others. Of course disclosing only the info which would make your parents and others feel fine with your sharing.

[@nae4830]

@@ramitsethiin your journey, what mindsets began to shift, behaviors you began to incorporate and the incremental results you began to notice that allowed you to harness the power of your formula. You obviously speak from a relaxed, wealthy mindset/POV. It’s dominant in this video, for example. Would love to hear you share those said dynamics from your journey.

[@melissap3539]

​@@ramitsethiThanks for considering sharing more about your money psychology. I'd want to hear more about if you ever have the urge to accelerate your investment earnings, or the urge to be an early adopter when new investment trends start, or do you worry about FOMO. If so, how did you overcome such urges. And how do you overcome worries about your advice potentially having negative outcomes for people.

[@ahermitslife3684]

My invisible script-"We don't have any f**king money!" Thanks Dad!

[@SashaMG]

It’s really hard when you are self employed and income fluctuates. I wish Ramit would make a video addressing variable income

[@coreyburke3493]

He talks about that on his podcast a lot actually. Basically he suggests that you base your budget on a number you KNOW you can hit. I've done commission only sales before so I know all about income that can have wild swings. Basically just pick a number you know you can hit every year and base everything off of that. Then whatever you make over that number is extra and you can then use the extra money to improve areas you want to. So if you don't feel like you're investing enough invest the extra money. Or if you're not spending much on fun things use the extra money on vacations or whatever, but your strategy should be based on that number you know you can hit.

[@NatalieMarie917]

Do you have any books or resources on money psychology that you highly recommend?

[@ramitsethi]

My program, Wealth Triggers, and Money Coaching. Both at iwt.com/products

[@deborapty]

Thank you

[@R_DLF]

Fantastic video! Setting goals today to be debt free, so I have a plan. It’s funny bc before I got married I never worried about not affording anything bc to me if I worked and had money, then, I could eventually afford it. My husband has this scarcity money mindset from my in laws.

[@jayprado275]

I like your content, so much so that I am a subscriber to your channel and pod cast. Your teachings are on point. What I would like to hear when you say Invest,Invest,Invest (5-10%) is where? S&P but how? what platform? How do you get started on investing? please make a video on this. Sure many of us will benefit from. You got my thumbs up!

[@ramitsethi]

Check out my book, where I cover investing in detail

[@LostinMinnesota]

Honestly, the best way is not complicate things! Ramit's book is great and so is "The Simple path to wealth" I invest everything into Vanguards Total Stock Market fund (VTI)

[@williamgrismore]

Ramit you recommend a flat rate fiduciary advisor but I can't find where you mentioned that can you post that here?

[@azski80]

This is great! Can you talk about how a person who was laid off can apply these habits?

[@dariuscincys]

Great tips! Thanks, Ramit!

[@Mr_NB628]

Currently for me my biggest problem is not having a main job. Currently, my side hustle is supporting my monthly finances.

[@rangansaha243]

Want to download conscious spending plan . Pls let me know where to find it.

[@Aiaidesire]

YOU ARE HILARIOUS!!!!!!!!! MADE ME LAUGH SO MUCH BECAUSE ITS TRUE, WE MINIMIZE OUR WANTS

[@Sonia-ud1tb]

I love when you compare a USD 80' car vs USD 2' bag ! so true. Great video. So full of common sense.

[@GTC7702]

I just booked my flight to Thailand!!!!

[@feliksobertman2103]

Can I join you on the trip

[@grigorirasputin425]

I am in Thailand now and it's a Paradise

[@veausgoods8808]

We have just over 21k in credit card debt and other types of credit of 34k. Take home is just over 11k/month. Should I be investing in 401k for the match and the remaining cut of your minimum requirement of 10% to my Roth IRA, also put money into an emergency fund? (currently have $1k). Or should I hold off on investing and emergency fund until debts are paid off ?

[@grizzlah]

I use my CC the right way and pay it in full the following month - only spend what I have the liquidity to buy right now. Though I'm curious of your thoughts on buying something on credit that's interest free?

[@tigerrx7]

Same! My credit limit per the credit card company is “no set limit” (Amex charge card, so no limit per se), MY credit card limit is what’s available in my checking account for regular purchases.

[@grizzlah]

@@tigerrx7 yeah, I see. My thought process is, if I’m able to benefit from these pay in 6/12 sometimes even 20 month offerings at 0 interest, all I’m doing is spreading out the cost over several months at no cost.

[@whoknew5940]

The beach house analogy was SO brutally true! 😂

[@kayebohemier]

For anyone who needs inspiration, cat rescues around the country are looking for kitten fosters year-round. Imagine having a room in your home where you just constantly have adorable kittens who get adopted by people when they are 10-18 weeks old, and then new kittens get sent to you with food and litter. Being in a space large enough to have a foster room is one of my vague dreams, but I think it may require me to (a) own a home and (b) be working in a job with a higher "home" ratio in a hybrid schedule. But, honestly? It's not practical to want frivolous or fun things when one is single because there is nobody to catch us when we fall, and I think our place is less about living a rich life and more about having a big enough fortress around oneself and making the required sacrifices to weather all sorts of economic circumstances without becoming a burden on society. I was taught growing up that most bad things that happened to me were a result of my lack of foresight or planning, and I was even grounded sometimes for not thinking ahead because my parents expected better. And I can't say they were wrong because America has no safety net.

[@obimuller9573]

Where can I watch your live podcasts?

[@Vongtech]

Hey Ramit, just started reading your book. Do you still recommend the checking and savings accounts mentioned in there?

[@BabyBearRudy]

Awesome video 👏🏼

[@VitalBigras]

The crickets 😂

[@katekurbatova951]

great content! please advise - do you consider 401k in 10-15% investment or not?

[@ew6392]

Ramit, your advice is great for a single-person household or two-income household with or without kids. But there are more household compositions. A household with one parent and 2 teenagers is a one-income household with pretty much 3 adults. To maintain the percentages this one income should be equivalent to two incomes. Single parents (who are plenty) understand your logic but not always can apply it to themselves. It would be nice if you added some granularity to your advice. I am the person with 2 older teenagers and am fortunate to have an income that equals to two average-income earners, so my percentages are exactly what you propose. But I can plainly see that I am in a minority. Those selfless adults who raise human beings should be celebrated, instead of getting depressed that they don't have "guilt-free money".

[@mitudharvlogs7042]

Always the best

[@sliceofpay]

Why does the part of this video that makes me the happiest is calling out guys and their $80K trucks lolol

[@005mmk]

My goals I want to own about 20 acres with a small log cabin and a large red barn so I can start a cat rescue, have a nursery, and some livestock like goats and donkeys. I want to be able to see my family overseas and take them on yearly vacations without worrying about money. I want to have an Bed and breakfast on my property. So my guests can enjoy some plants from my nursery, play with the animals, and eat wholesome foods created with items from my garden.

[@Mychellechic]

should vacation savings be in savings fund or guilt free?

[@supalpatel6649]

Thank you 🙏🏽

[@LuisDelCastilloREI]

Question... my income is never the same, I'm in sales so it varies a lot, when I make a plan for my money how should I make the plan? should I plan based on the money I need for the month or should I count on commissions I know I'll be getting that month?

[@TimeLordVictrix]

The rule of thumb I find is to take an average of your take home pay and make a budget around that, if you get more save the extra, if you get less, having a buffer fund (aside from emergency fund) is great to fill in any gaps.

[@YvesChristian-f9e]

Sorry ramit how can someone in a 3th world country invest on the américain stock market any advice?

[@pisootivity]

I love the last habit that he identified.

[@alejandradeniss]

Min 6:29 My parents used to say “ Money are the devil’s eye!” It’s a saying in my country :))

[@InfoSecTangSoo]

Great. Now S.M.A.R.T. goals are bleeding into my personal finance life. It's not bad enough HR people have been pushing these for our performance evaluations for the last 2 decades. LoL.

[@suwats7555]

My coworkers always complain about their debts, no savings, work too many hours but still poor? But look at their habits and lifestyle, they put themselves in struggle positions. Dining out in fancy restaurants every single week, after work party, weekend to Casino, come every morning with Starbuck coffees,… Fancy vacations, huge credit card debts. What do you expect?

[@artherapieholistiquebymari3821]

Merci 🙏🏼

[@riftsummoner]

I love your content.

[@jaredvizzi8723]

I think the rat race can be so intense for so long that it can become hard to see beyond the vision of “I just don’t want to have to work anymore” as a rich life. I can see how that vision would carry you for probably about a week after you retire, then you wonder what you’re actually going to do with yourself.

[@ninacook9162]

I disagree with the fact that checking your accounts regularly is a waste of time. I’m 77 years old. I worked hard for my money and savings and it takes me less than one or two minutes to do something that makes me feel better relaxing enjoy the rest of my day knowing my money is safe and has not been stolen or fraud has occurred!!

[@crystalcassandra5597]

Sharon Marissa Wolfe is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@JayanthUkwaththa]

Great content brother, thanks.

[@PythonArms]

Great video

[@kaidrewry552]

I wish we lived in a world where money isn't the primary force

[@Bmc2021]

Rich people won't be saying that 😂

[@kaidrewry552]

@@Bmc2021 i mean... im relatively wealthy, yet i say so myself...

[@NOUSSAROM]

9:07 love so much your advice on this bad habit content Ramit❤❤

[@danikeebler1662]

It is hard to find people to talk with about money. It is like finding someone to talk about religion, politics and sex. People don't want to go there. The second obstacle is finding someone KNOWLEGABLE in it. Most people are not educated in personal finance. I don't want to talk to just anyone about it. When I started my journey to get debt free, someone I turned to said "stop paying bills u til it drops of credit report." Thank you no.

[@vulpixelful]

I think you can safely do that with medical bills no though 😂 I wouldn't recommend it, but if it's between rent and the doc and they won't let you get on a payment plan, the doc can wait

[@ramitsethi]

Come on into our community of Money Coaching students: iwt.com/moneycoaching

[@kortnispivey2721]

What are some small investments tools

[@autobotdiva9268]

ADHD Tax holds you back. i have to control my 22 year old budget. exhausting.

[@highticketclosers]

We have to break the habits that no longer serve us.

[@gabbymontoya2085]

I want to retire debt free live in a small house maybe by the ocean and go to a farmers market on Saturdays walking distance lol That’s a great life I think

[@philwhite7841]

Even going beyond ignoring your debt. My partner has her investments with a financial advisor and she “just trusts him”. It’s costing us more than we think.

[@Inquiringmind718]

I have a 350k mortgage balance with 28 years remaining. I was considering paying a few thousands a month towards the principle to get out of this debt. Long term, would it be better to take that money and put it into stock, roth account or to pay off my mortgage early?