I’ve Made Millions of People Rich… Here’s My Playbook

[@ikewashere]

I’m a financial planner working for a large wealth management firm and I still recommend everyone in my personal life to your book and content. Love your money philosophy!

[@ramitsethi]

Thank you

[@sandrahusser7971]

Amazing and thanks!!!

[@AncientWisdommoneymatters2024]

@@sandrahusser7971 Saving Money: A Lifestyle Change Towards Freedom kzbin.info/www/bejne/jZyvdaRjdrtrd9Usi=ShUgotuhhagfzyXW

[@deborahbain6652]

Thank u

[@acdiaz]

What’s the name of the book

[@macshild]

The year was 2016, I was desperately trying to break into corporate America, stumbled upon Ramit video writing a better resume and persuasion. Best video ever. Helped in landing my first role, fast forward 6yrs later and I am making 400K/yr

[@ramitsethi]

Beautiful work!! Please email me your story. I'd love to know details!

[@frankiegunnz8066]

How much was you making before and after the 1st year of the resume?

[@jtui4249]

Wow. Congratulations mate👍

[@rakheedharamlall6522]

Please share that video

[@BlakeC341]

Sounds highly unlikely.

[@Jagmanjagman97]

Read your book a couple months after after finishing college in 2020 with credit card debt and no savings. I now have a net worth of ~240k. Appreciate your teachings tremendously and try to pass on the content to any family or friends that will listen

[@excitedaboutlearning1639]

It's amazing how high US salaries can be, let alone almost right after college! I'm a bit jealous, I admit.

[@bigbandz4036]

Damn what do you do for work?

[@traceyr6563]

Really? $60,000 a year. Hmmm

[@astrahl]

Read your book back when I started working and have been rolling ever since. Biggest key I took from you is to make a 50-30-20 budget and then just automate the 20%. I have since ramped my savings from 20% to 40% a month

[@ElyWaves.]

Why not increase investments over savings? Are you saving up for anything in particular? Just curious! Congrats on the excellent allocation :D

[@sachsuccess]

Auto allocating and setting up standing orders to your own accounts is so powerful and a tip I always give to my friends!

[@astrahl]

@@ElyWaves. that 40% is just a catch all for investments and savings. I invest about 25% of it and save the rest for other things like home, car and other business investments

[@dpader7]

I picked up your book randomly at target over 4 years ago. Since then, my finances have only grown stronger and I’ve grown more confident. My retirement accounts/savings accounts are just growing!!! I’ve bought and sent your book to a few friends that I just know could benefit off this simple knowledge

[@Kornheiser10]

Richness is what you see while wealth is what you don't see. Building wealth is what gives you the opportunities to do what you want and when you want to do it, because it allows you to control your time, which is the most valuable asset you can possess. Ramit's book is a tool, but understanding "The Psychology of Money" (as articulated in Morgan Housel's book) is the key to wealth.

[@spldrong]

Step 3 is so huge, I'm blown away when I meet adults that don't have everything on autopay... such a easy yet huge win

[@big0514]

I agree they even give you 2-5 dollars off for auto pay in some cases

[@squishybritches]

I'd rather hand someone money I owe them than someone stick their hands in my pockets.

[@raerae8801]

I Steele to make sure I have enough because pay days change

[@mykidsaresupercute]

How do you use auto pay when there’s no ability to set it up on their end? I could set it up through my bank but my utilities for example, could be between $250 and $450. Don’t be shaming people if they don’t have a practical way to do it.

[@spldrong]

@mykidsaresupercute call and ask... usually, you can do it on their website. It's possible that you can't, but very rare now a days. Sometimes, they have a link to another site that just does the autopay. Only thing I don't have autopay for is my pest/bug service guy and landscaper... but I think i can get the pest control company to do it soon

[@matcha_mage]

Ramit I'm obsessed with your content and philosophy! You've changed my whole way of thinking and approach, and you're just such a funny and likable person. Thank you for all that you do!!

[@arkzyFn8]

Agreed. Love my husband but I have a KZbin crush on this guy lol such a likable rich guy that makes you feel like you can do this .

[@ramitsethi]

Thank you!! I appreciate you watching and applying my material

[@angelachapman4415]

I have my credit cards on auto pay but I still usually log in manually each time I get paid and pay them off. It helps me to know where I'm at because the credit card billing cycle is pretty long. It works for me and I don't find it very burdensome.

[@Adman-p4j]

Also a good policy to monitor potential fraud, double payments or incorrect charges. I would NEVER fully automate my bill payments because I've caught SO many errors.

[@jackieboy1593]

If you are catching a ton of errors, you're doing something wrong, or shopping with the wrong companies.

[@Adman-p4j]

@@jackieboy1593 facts. Almost any Telecom for example

[@mt4141]

I have been watching and learning to manage my money for years on KZbin and this is by far the best and most complete video I have ever seen! This should be taught in every high school in the nation. I have downloaded it and will be showing to my kids before they start their financial journey. Thank you truly for this content!

[@TheProfitAdvisors]

This is an incredible summary of his book. Do exactly what it says and you will live a rich life ❤ Thanks Ramit

[@trishr391]

Exactly! I just started reading his book - this video was a perfect reinforcement of planning for your future using his easy guidelines!

[@moqo-pj7xw]

I have been doing this for years, this method works 100%. This guy knows his shit

[@Fayarin]

Omg Ramit! Your section on negotiating made me call my bank and ask for a better interest rate on my savings account (the one they give to new clients as a promo) and the employee didn't hesitate to give it to me. He even signed me up for a bonus! That was a rate of 250 euro for a 5 minute phone call! Thank you so much! 🎉❤ Happy holidays to you!

[@Isaac-un4cn]

This video inspired me to set up automatic transfers to my brokerage and savings accounts instead of doing it manually every couple of months. Thank you!

[@Miggy2222]

I prefer to do 1) 401k only up to 100% of match 2) Max out Roth IRA 3) Max out HSA (if you have access) 4) Everything else into a taxable brokerage My reasoning is that I want to keep the possibility open of accessing my investments before 59 1/2 and possibly use my taxable brokerage as a bridge account into retirement.

[@ramitsethi]

I appreciate your approach. It works too!

[@Jeff321]

You will likely save more on taxes by maxing out a Traditional 401k instead of the taxable account in step 4. There are ways to access retirement account funds without penalty before 59.5.

[@Miggy2222]

@@Jeff321 How do you access funds in a 401k before 59.5 without paying penalties and taxes?

[@tsforero]

@@Miggy2222 Either hardship withdrawals or I believe if your Roth acct is 5 years old? Need confirmation on that. I agree with your reasoning for access. There is really no gain to the roth over standard taxable accounts in terms of tax savings. UNLESS you are taxed at a lower rate when you retire. I don't plan on that being the case. Isn't worth the cost of my own cash being locked behind 10% penalty for 30 years.

[@Miggy2222]

@@tsforero I’m not sure if simply wanting to retire before 59.5 is a valid reason for a hardship withdrawal

[@kaylagnapp5509]

Hey Ramit! Thank you so much for sharing your knowledge! I read your book back in 2015 when I felt so helpless with the looming student loan repayments. Someone even laughed at me for trying a “get rich quick scheme.” It’s now 9 years later and I am confident that my children will want for nothing and I may actually retire early. Your book was the first finance book I read and truly changed my view on finances. You helped me change my life around! Thank you!

[@chrissymorgan1457]

Sound advice! I work in the financial sector and this is what I tell people too. Now I’ll just send them your video!

[@Mibro6000]

Hey Ramit, 24 y/o student here. Started with your content (book/podcast) because my dad forced me to read your book and I LOVED it and your philosophy. I’ve also seen you take multiple approaches to your KZbin channel for the past year. I really like your current approach of having the podcast episodes and filling in the gaps in the week with key basics from your book in these shorter videos and community posts. I feel like it’s more engaging than anything you’ve tried for the channel so far. Keep it up!

[@ramitsethi]

Thank you!

[@aspreedacore]

W hard ass dad 😂

[@angiec8784]

I read your book and I loved it! So simple to follow and teaches us how to grow. Thank you for all your hard work! I’m no longer afraid to manage my own investments and transferred my retirement to fidelity instead of high cost fund managers. Thank you for all you are doing! You help us everyday people figure out the formula ❤ I’ll be binge watching your other videos from here on out. I’m already helping 2 family members because of you

[@shashakeit013]

Ah, Ramit, I got your book through the library and have been on the waiting list again to get it back (slash I’m hoping someone gifts it to me for the holidays!) so this video is such an amazing summary and so helpful to keep progressing on my financial journey. Thank you so much for this!!

[@jennifertorres4757]

Oh no, I’ve been with Wellsfargo for years! Saw your Netflix show last night, started to go through bills today. Then subscribed to this channel! I’m thanking you in advance!

[@cameronmichael1734]

Ally bank is great for saving because it allows you to divide your money into several buckets based on your savings goals.

[@staceyramirez6821]

The CFPB ordered Ally Financial Inc. and Ally Bank to pay $80 million in damages to African-American, Hispanic, and Asian and Pacific Islander consumers harmed by Ally's discriminatory auto loan pricing, and $18 million in civil money penalties.

[@Eden639]

This bucket approach makes more sense than a budget. Thank you for the good information.

[@jessicakhan6570]

Can't believe I just got all this information for free. Listened to your episode on Financial Feminist podcast and I absolutely love your philosophy, but also that you give really tangible advice. I'm in Canada but still found this incredibly helpful. Thank you!

[@jeffreygarrison1448]

A Straight Master Class!!!!

[@frijolitodr]

Loved your Netflix show and finally find your channel, cannot wait to sit down and keep enhancing my rich life, I even follow you in your podcast very insightful.

[@ramitsethi]

Thanks for watching!

[@chintanchandiwala698]

Solid advice, I am subconsciously doing very similar bucketing but it perfectly make sense. The 15% for unaccounted expenses is brilliant idea. That is what can throw off most of the people.

[@michaelfortuna6747]

I agree. This is where I was struggling with my old budget. I thought I had everything accounted for but life always has unexpected expenses. If we are honest with ourselves I think groceries is a category everyone grossly under budgets.

[@BeMorejourney]

SoFi bank has this too. They call it valuts

[@Guedjinator]

@ramitsethi your book changed my life! I’ve been telling all my family and friends about it. My sister is now hooked and loves her CSP as do I 🎉

[@Mr_NB628]

If you have Bills on different dates, you can also just have them all pay on a credit card and then have that credit card auto pay. So I have multiple credit cards and my bills hit those different cards to keep them active and then I just have them pay off every month.

[@johnkelly9451]

We do this and get the cash back. We also have extra in the checking one month ahead just in case. Plus an emergency fund. Most of bills that we can pay this way all on one bill. We pay it off in full each month. Not every bill allows this.

[@carkarlaw]

I watched to so many financial planning youtube videos, books, TV (YT was not the thing back then). Your method is one of the BEST/SIMPLE (yet detailed). Thank you.

[@FurryHippoFinance]

Love the content, being a financial counselor the biggest hurdle I see is income. Your video uses $5,000 take home income but it changes a lot when in Detroit your making $2,800 a month with average rent of $1,200-$1,400 so the first 50% is literally just rent 😢 62% paycheck to paycheck

[@AlexA-jz4fr]

This

[@SirMopy]

also 5000 per months after taxes is really a lot and most of the people don't have this amount... it's crazy.. with less income and those % it's hard

[@FunandBudget]

But don't you STILL have to track what you are spending (some may call this a budget) because otherwise how would you know if you overspent in your guilt free spending category? What am I missing?

[@ramitsethi]

You only need to track a small number of things. Your 4 %s are the critical ones (i.e., your investing rate is 10,000x more important to track than how much you spend on salsa at the grocery store). For discretionary items, pick 2 and target a 50% reduction within 6 months, then redirect the money to your Rich Life vision. More in my book and journal.

[@hadiuzzaman]

This is an incredibly valuable video.

[@cherylleduc6253]

Thank you SO much for this video. This plan is how my brain works. I have never been able to budget every penny and all the tracking. This is beyond helpful. This is going to help be to learn to be rich!

[@EmilyAllan]

I just bought your book and workbook, and this is a great summary of the core principles in your book. I really appreciate that you help people find meaning and purpose in life while ensuring they plan for their future, and the workbook really helps clarify things. Thank you for these KZbin videos. I would have never found you otherwise, and I've been bingeing your episodes. They are great.

[@ramitsethi]

Thank you!

[@EmilyAllan]

@@ramitsethi You're most welcome.

[@pratikpatel7114]

I am a big fan of you Ramit.I have also read your book "I will Teach you to be rich" about 2-3 times. So Thank you so much for sharing. Started implementing as much as I could possibly grasp. Still new into investments though. I have few questions about 401(k) and Roth. Just for curiosity, how can someone invest in 401(k) and roth without employer match? What would be the limit? Fidelity I know has a limit of 7k per year versus IRS site that shows 23k per year. Can you please clarify that or make a video about 401(k) and roth that illustrate from scratch for unemployed and employed people? Thanks again. Really appreciate it.

[@donnlowel2387]

Finally a man who really knows his number… and be truthful advice, no bs. Subscribed.

[@KJ-xy2jm]

Dear Ramit, Thank you for your book and simple strategies. I have followed your advice and it’s worked for me! Now, I am 58 retired and still want to invest 30% of my monthly retirement pension. Is a target date fund still appropriate or would you suggest something different?

[@mariee.5912]

You got me at your Bank of America rant. You're a honest person. ❤ thank you

[@dwightk.schruteiii8454]

18:22 can you please break this down for if you get paid every two weeks?

[@AishaAdekunle-Lawal]

Hey Ramit, for us in UK - what are the equivalent investments. We don't have Roth IRAs but employee pensions/ private pensions

[@andromaster1]

Stocks and shares ISA

[@matthewross6045]

@@andromaster1and the ISA contribution max a year is £20,000, so more generous than a Roth IRA.

[@sachsuccess]

Plus we have employer match pensions usually, if you’re an employee, so make sure to take full advantage of that too :)

[@drosman2872]

It’s just confusing which IsA to join 😅

[@sachsuccess]

@@drosman2872 there’s many different options, you can even open one with your local bank in some cases. Do your own research into the terms of the ISA and you should be good. I speak about this in a few videos too if it helps :)

[@adeelsindhu11]

Thank you for your time and effort ramit. Apprectiated

[@TheEti1980]

Enjoyed your video - great advice! Thankfully I have been doing most of this for past 20 years with exception of automatic payments. Could do more detailed budgeting to cut expenses especially since I am almost ready to retire. Enjoyed your Netflix series - please continue to good work!

[@esample539]

Excellent and so easy to follow. Loved working through this when I bought the book 10 yrs ago.

[@andrewkiracofe1118]

Ramit, Thank you for creating this video. It is exactly what I was looking for to navigate through the complexities of financial decision making. I have one question on the Conscious Spending template under Investments. Does this include retirement accounts? It says non-retirement - all investments on the template. Just need to clarify. Thank you!

[@Legacylawinfo]

Ramit! I am an estate planning attorney. I love your guidance!

[@sahannarayana4022]

Thank you, and a great summary of your book. I accidentally started watching your TV series on Netflix and then started following your Instagram and KZbin, then the newsletter. All of these contents changed my view of personal finance. Currently, I'm in the process of applying these things to my finances and getting good results. What would be your advice and tips for a person who is planning to relocate to another country?

[@BenDonahower]

Sorry for the stupid question, but wondering where you got the sweatshirt? I have been looking for a 'dressy' sweatshirt and I think your's hits the mark. Related comment. Where I struggle is the guilt free spending!

[@connormcchicken5915]

Uniqlo

[@chellodise]

Love it Rami! Can you make a video for the self employed, the ones who don’t have access to a 401k but still want to invest some of there income?

[@chellodise]

Do you recommend the s&p 500 or VTSAX for long term investing ? And do you recommend individual stocks or no?

[@jovylo]

Thank you so much for your teaching ❤

[@thelogans2399]

Ramit this video has been very helpful thanks! but you didn't mention anything about purchasing any Life Insurance, Would love to hear your thoughts on life insurance and which companies you like and why.

[@quingofcozycastle]

Whole life, used for infinite banking after using velocity banking to clear debts. Ramit is AMAZING. However, both snowball & avalanche methods pale in comparison to (admittedly counterintuitively) employing lines of credit to erase owed money. If, of course, there's not a deep compulsive spending problem at the root. VANNtastic Finances is another awesome KZbinr.

[@nguyendao5587]

Hi Ramit I'd prefer an updated version of your book. Money habits have changed quite a bit after the pandemic 😊

[@k5sss]

Habits may have changed, but the math never does.

[@katherinemonus9225]

I can’t express enough how much I appreciate your videos. Thank you for helping me go from being anxious talking about money to feeling empowered

[@vza123]

My favorite philosophy on money and finances. Thank you!!! So liberating ❤

[@ozzy2k11]

I get a bit confused with Savings/Guilt-free buckets, i.e. do you take from Guilt-free to move to Savings bucket for i.e. Vacation? Meaning that your Savings bucket % is actually higher than 10%? Because i.e car maintenance I would consider a Fixed Cost, whereas Birthday/Holiday Gifts I would consider Guilt-free, and the Emergency Fund I'd consider the 10% Savings? Hope that makes sense Ramit and would love your take on this

[@MinnieOnCam]

Ramit explains how to spend your $100. Watch that part back.

[@trackee2024]

You’re overthinking it. Do the bare minimum he mentioned, then you can use your surplus “guilt free spending” to add savings buckets and/or just use for spending that month. The key is to have your fixed costs below 60% and to make space for your retirement and emergency fund.

[@mbelmana]

Loved your show, love your podcast and your book and I especially love your no bullshit approach to living a wealthy life!

[@kennethnortey5506]

I've watched this twice and I'm taking notes now ❤

[@celiari9702]

The most succinct and useful summary on wealth building I have ever seen. 👏🏼

[@ramitsethi]

Glad it was helpful!

[@terid6708]

My income dribbles in during the month with a chunk between the 10th and 15th and varies greatly. My goal is to level things out. This check comes in now, want to use it to pay that. It's working for me. Thank you for all your great ideas, you give some great suggestions for how things can best work. You open my eyes to how things can work out even better than I ever imagined. Thank you for posting your skills.

[@Yeshanu]

Love this! I can start at step one and gain control. Thanks so much.

[@MikeThaPhilosopher]

This is life changing information. Thank you Ramit! Second month doing the buckets.. and it already feels amazing

[@Fxinvestng6731]

Much Appreciated 🙏

[@thanatos8412]

Fixed costs are 80% of my net income and increasing year over year. Only debt I have is a small student loan and mortgage. Not sure how any family with a median income is surviving right now especially if they have debt. Only path forward for me to is to try and aggressively increase my income.

[@benlaine400]

I never do automatic payments for my credit cards. I typically log in once a week and just pay whatever the full balance is at that time. This is how people get into the problem of paying for things for months or years that they didn't remember they signed up for or forgot to cancel. It helps make sure I'm reviewing all my purchases to make sure they're at least things I recognize and not errors. I once caught a $400 charge this way that a food vendor fraudently charged my card. It also helps from a cash flow perspective as I am spreading the cost out and have a better idea of how much money I actually have in play.

[@iloveyellow7214]

I am a 33 y o lady in Manila, Ph and Im juggling about 3-5 different projects from business owners in the west and some parts of asia. Plus I have a day job to supplement the rising prices of essential commodities. I know theres a vast difference in the west and asia but thank you so much for sharing I'll tweak this to my needs and life. Thank you Mr. Sethi Happy holidays 😘🥰

[@RisageYT]

I've watched a few different videos of you now and I really like your content and your viewpoint. It's really opened my eyes to my spending habits and not being so frugal with spending on myself aswell as self development. I'm literally even considering buying your book

[@astrahl]

I’d recommend 20-25% to investments and 10-15% for savings. If this doesn’t leave you with enough money for living expenses and discretionary then you need to increase your income

[@joysonmenezes2158]

Thank you for sharing your philosophy! I am trying to budget for my family of four along with parents who live away from us. Could you please share advise which accounts for: 1) kid's daycare 2) providing financial support to parents 3) savings for kid's education 4) personal savings 5) monthly expenses Thank you :)

[@ramitsethi]

I recommend iwt.com/moneycoaching for these questions

[@danielromerosol4158]

Pure gold

[@MyRay101]

Hi Ramit, we've just discovered your channel and love your advice. Although we live in Australia and retirement funds are quiet different, we have set up automatic salary sacrifice of our pre-tax pay to save into our Superannuation funds (and hence save on tax). We are both in our mid 50's, debt free and have, what we thought, a solid retirement plan. Your video has helped us a lot - even though we can save and invest with the spare cash left over, I found that I spent too much on "guilt-free" spending on hobbies we love and should funnel more money into investments since retirement is creeping up on us quick. So, fantastic advice, even though we live in a different country. We also started a business (I still work full-time) and my wife manages it on our behalf. The business is based on the thing she loves and has been running for over 7 years. Debt free business and generates a 27% profit margin (this is after the business earnings pays my wife a decent salary!). Thanks so much for providing such an insightful KZbin channel!

[@punit213]

Ramit thank you for being an amazing mentor! After an expensive Indian wedding I’m starting over from scratch at 33 years old, is it too late for me to reap the benefits of investing? Wish I got started in my 20s when I had the chance

[@ramitsethi]

Nah, you'll do great. Follow the system and spend/save/invest consciously.

[@punit213]

@@ramitsethi thank you sir! Your book , channel and podcast have been an amazing resource for me trying to get my life back together!

[@jenifferalburquerque4621]

I love how passionate you are about money. Your perspective is realistic and practical. Thanks to your tips I’ve been able to pay off 11k in 2 months and I’m still enjoying life without feeling deprived. So thank you!!

[@cbarts2]

Loving this new video content Ramit!

[@ramitsethi]

Thank you for watching and sharing!

[@KingCarta3]

I direct deposit where I need it to go and transfer from checking what’s left

[@jonmcneil8458]

Amazing content and delivered in a simple and entertaining way!

[@melina.b85]

This is one of the best videos I’ve watched! Everything you need to know about the basics in managing your money and future Wealth combined in a 25min vid!

[@ismaelmasso6662]

It's smart advice, the problem is that most people's basic needs take well over 60% of net pay, at least in the UK, and currently the options for changing to higher paying jobs seem extremely limited.

[@Chwl78]

@@ismaelmasso6662 exactly, even on an average/good salary, fixed costs are way more. Not much room after that

[@snowjae9380]

Hi Ramit, since I’ve read your book, I’ve finally hit >100K in my 401k. I also invested my IRA (it was sitting in a us bank cd not making anything). I’ve also optimized CDs, cash back on things I was already spending, and have opened up a taxable brokerage. My finances have been smooth sailing since I’ve read your book. Thank you so much!!!

[@JasonOG]

Best video I have seen about personal finance in sometime. Subscribed

[@DolceA186]

This was very helpful thank you

[@JohnHei-zx6rk]

I am new to your channel and content, this is great! What billing date would you recommend that I ask the companies for in order to follow the Money Flow that you mentioned?

[@ramitsethi]

Check Chapter 5 of my book. Each day and date is in there

[@ingababy5196]

I think I like the bucket system over the Budget system.

[@chassehodl6930]

how do you feel about counter party risk going forward into the 2020s, as a general issue with all of the debt and possible contagion

[@ebm25]

Thank you for sharing your knowledge, Ramit! How can I apply this method in Argentina? Thank you again! Take care 😊

[@maryanarudyk1474]

Hi Ramit, I just ordered your book and excited to read it! I'm new to investments and just opened Roth IRA with Vanguard. What would you recommend invest it in? Target date fund or VT? Thanks in advance, I would appreciate any insights

[@matthewblack7740]

You mentioned the Vanguard 2050 retirement fund as an example. Vanguard have 100s different funds. How many investment funds should I look to invest in and should I then split my monthly investment into each one?

[@ramitsethi]

Check out Ch7 of my book. You don't need to do a ton of funds. A lot of people do ONE target-date fund (it's automatically diversified). Some people do 3-4 index funds.

[@Jeff321]

Vanguard 2050 (or any low fee indexed target date retirement fund) is extremely diversified. You can absolutely go 100% into that.

[@wendyshoowaiching4161]

Gas can be sparingly use (1 tank reserve if electricity fail) if you use the electric induction cooker with several cooking mode eg stir fried mode in a big stainless steel steamboat pot with glass cover. Food Cost can be reduced if eating dinner meals rice set (2 dishes + 1 instant soup) everyday. Rice is filling and very2 cheap. 2 dishes comprises 1 meat serving oven roast, steam, stir fried or braised (pork, beef, chicken, duck,mdeer meat, turkey etc..)in large pot freezer each servings in packs, canreheat at electric steamer Khind DB600 ( 1 piece thigh, drumstick or 1 serving part of whole chicken @ 10 or 12 serving part), stir fried any kinds of vegetables, and 1 instant soup (bovril, 1 teaspn with hot kettle water)😅

[@itsjusStorm]

TOOK! action immediately!!! thank you so much!!!

[@ramitsethi]

Great job

[@alecsalazar6292]

I'm hoping someone can help me wrap my head around this to automate our finances since my brain isn't comprehending it... My wife gets paid weekly & I get paid bi-monthly (15th & 30th). Our rent is paid on the 1st and all other fixed costs are now set for the 15th of every month. We have one bank account through a credit union that has both our checking & savings. How can I set this up to be automated? In this case, do we move our debt, cc, utilities, and everything to a separate date? To be able to have more a of a cushion to disperse our money out?

[@miltonhyatt4467]

How can you set this up if you’re self employed?

[@beyondenvelopes]

In other videos he’s mentioned to use an amount that you can realistically pay yourself monthly. An amount you know you can achieve

[@ricardogonzalez9110]

He explains it quite well within his book. You should buy it. It will pay itself by how much money you’ll make applying his material.

[@ramitsethi]

For investments, you have lots of options including accounts like a SEP IRA or Solo 401K. Check with your accountant. For automating an irregular income, join iwt.com/moneycoaching, where we talk about exactly this.

[@jasongallagher631]

I suppose it depends on your bank, but I have an automatic transfer to my Roth IRA set up. When I've reached the yearly limit for the Roth, I log in and turn it off. Then I have to use the bank's website to deposit money into my SEP IRA "as my employer." It's a little bit convoluted, but whatever bank you use is going to have the exact instructions for you. Just call them. Personally, I have no issue putting in the extra effort. I am happy to see my accounts grow.

[@ashleygranados5557]

Im curious on your thoughts on having multiple checking accounts? For example one dedicated to bills, other monthly expenses (groceries gas) and another one for no guilt spending

[@ramitsethi]

I wouldn't do it. Too complex and a waste of time

[@ashleygranados5557]

@@ramitsethi i already did it 😕 literally hours before watching this video -but I have it automated through my jobs payroll. I did open an ally account and love there buckets so I will stick to just that

[@lorenzo6899]

Hello what advice can you give someone who is low income?

[@smithdavis1362]

it's wise to redistribute your capital to mitigate risks during market fluctuations. Consulting a financial advisor can help simplify this process.

[@ryanthompson8256]

Who is your advsor?

[@smithdavis1362]

‘Laura Grace Abels’ is the licensed advisor I use. Just research the name. You’d find necessary details on the web to set up an appointment.

[@tarunsiddu6218]

Thanks for the video and this is a lot helpful. I am from India and I need suggestions on my money management as i did a lot of mistakes in the past. Problem with me is i repeat the mistakes how can i be conscious of not doing the same mistake again. Please do let me know the best way to connect.

[@jessicaallard9453]

Thank you, Ramit! You have changed my financial life and future between your book, videos, and newsletters! I don't know and don't want to know what my finances and my future would look like if i hadn't found your content ✨

[@ramitsethi]

My pleasure!

[@fridayvibe-in]

Theplaybook so useful. Opening for new way to investing. Thank you

[@MTN99999]

Man this crazy I call this the money game infinite glitch and I had to learn everything you stated on my own over multiple years abd I pass the playbook around almost identical to all your steps and it served me right. I have been at this game for 25 years now and you have it condensed in 25 minutes Wow Bravo! If you out there and don't know how or where to start when it comes to the money game do this NOW! You will thank yourself later! Bless BTW I just Sub. So +1 Keep it up Brother!

[@jordanatwell29]

Currently reading your book. I want to go over it with my wife and implement your plan. Would it be better to get the workbook for us to do together?

[@BRY__BRY]

My fixed cost leaves me with 0 dollars a month LOL

[@Lovingdogsclub]

😂😂😂

[@anabrightlight]

Yea, that's pretty much where I'm at. We really need to pay off our debts and reduce how much we're spending on certain categories!

[@syedmrizvi7310]

Came to the comment section to find someone like me. Welcome to the club folks

[@CCHouse-d5d]

i mean i was negative $500 at some point LMAO

[@longview3k69]

Did the spread sheet, 65% on fixed costs but with 1300 in guilt free spending. If i pay off my car and credit card debts, my fixed costs drop to 36%. I'm now automatically sending 10% of my paycheck to a savings to start my emergency fund and prepare to pay off my credit cards

[@TheSinisterCurse]

Thank you for your video. That would be 38.1% Fixed Costs 14.3% Longterm Investments 23.8% Savings for House Renovations 23.8% Guilty Free Spending Money Nevertheless I cannot find an amount I'm feeling good with.. It's always like I save too little (I am currently at 16.6% 'guilt free' spending and about 45% savings rate). I guess the main problem for me is, that I have no idea what I really want to use the 'guilt free' money for. There are some things I'd like to buy but there's always that voice in my head 'you don't necessarily need that - better use the money for others or for savings'.

[@juliajablonka5417]

Live and enjoy your life! What you gonna keep saving for if you cant find happiness with your money and spend it guilt free? No point.