4 Life-Changing Ideas About Money

[@yugimoto463]

This guy is changing my life. Totally making me rethink how I consider money and habits. From a deficit to an abundance mindset with actually fiscal and science based practice. This guy is legit.

[@ramitsethi]

Love to hear it. Welcome in

[@doireannrenzi7815]

@@yugimoto463 stick with it - it is genuinely life changing. Grew up in dirt poor poverty and worked my way up but this book was the piece that actually turned my hard work into financial success. Gift it to everybody!

[@misotheprophetess]

I agree 👍 💯

[@sgt_hobbes]

I changed jobs. Told my employer I was leaving and they made me a ridiculous offer to stay +34k. I asked them for+50k they said sure. I took that new number back to my new employer and asked them for the same. They were disappointed but agreed. Negotiate if you ask for more they probably won't take their offer back so you might as well try

[@lowlowseesee]

my brother today called this "pitting them against each other'. i use ramits language and thats an excellent bidding war. congrats! i did the same recently but with only few thousand bucks.

[@KNRS927]

⁠that’s a great strategy, but I would imagine it only works with mid-size or smaller companies that can’t really bring on new people as easily and quickly. If you’re trying to do that with a company like Alphabet, Netflix, they’re just gonna say “f*** you” knowing there’ll be thousands of applicants lining up to do your job for less.

[@FreedomPlaya]

Wow, good for you! Just curious what industry you’re in, if you don’t mind sharing:)

[@sgt_hobbes]

@@FreedomPlaya I am am a building automation system programmer in the SF Bay area. I program heating and cooling systems in commercial buildings

[@FreedomPlaya]

@@sgt_hobbes That sounds like a very specialized (and apparently well-paying) field. Thanks for sharing and good for you again!

[@bredanyambura8072]

You live a rich life today and a richer life tomorrow.... definately a philosophy l am adopting.

[@snowjae9380]

Hi Ramit, I read your book last year. I’m in my 30s working in the tech field and regret not knowing any of these things sooner. Since I’ve read your book, I’ve maxed my 401k, IRA, opened a taxable account, and opened CDs and a HYSA for my emergency funds. Also took advantage of my credit cards that I was afraid of touching. My net worth grew an additional >$40k without me doing anything this past year (not including my work income). I highly recommend your book to everyone! Thank you so much 😊

[@กมลชนกศิริปิยะพันธ์]

Your book is my very first financial book. You really changed my mindset about money. I’m on a right path and investing every month. Thank you very much. Big fan!

[@ceciliaruns72]

Your book just arrived! I automated everything and all my transfers happen tomorrow and every 2 weeks on payday! ❤

[@3PeasInAPod2016]

I wholeheartedly agree about negotiating your starting salary despite our internal discomfort. Even my mentors advised against negotiating but I did it anyway despite my anxiety. They agreed to a 25% bump!

[@alexandraandrews1241]

I like the idea of automate payments. It definitely allows you to worry less about which bills are due. Smart.

[@EPPOTTER-k6i]

While a budget works for me very well, I also agree with Remit in the loving the little things right here, right now. We might not get tomorrow. It's all about balance, enjoy today but also plan for your future.

[@abhisheksamanta1]

@Ramit big fan here. But I disagree that budget is backward looking and CSP is forward looking. In my opinion, CSP is another form of budgeting. Budgeting in most cases is forward looking - it is effectively a planning for the time to come. But it is rooted on the past behaviours. In the same vein CSP can also be restrictive (just like traditional budgeting) - ultimately both the CSP and budgets provide the guidelines for the future periods for limited resouces/ income. WDYT?

[@tomaszp2027]

I don't get it either. Why not just 'sell' it as a super simple and automated approach were you only need to figure out several buckets? In my household we go a step further and keep fixed and recurring costs tied to a separate account and guilt free to 2 individual ones. I don't look in any details beyond that as long as there is money remaining at the end of the month.

[@TheMetalGaia]

​@@tomaszp2027I also put my guilt free money in a separate account. Much easier to track it that way!

[@Trix897]

I agree. I record my expenses and am using 12 months of expense records to review my spending and make sure that my fixed expenses are still in line with what I have in my CSP as well as my budget. Since I struggled in the past with crippling debt, I’m one of those few that actually enjoy tracking my spending so that I can make sure that I remain on track.

[@SaifuddinRehan]

i believe his POV is more about the framework of the system (between the two), rather than the "how" or technicalities of "counting" the amount spent

[@maxinoume]

I agree that Ramit's CSP is literally a budget. In the end, if someone who thinks budgets don't work gets tricked into following Ramit's CSP, then it's a win I guess.

[@chrispap8836]

Just admit that CSP is just one form of bugdeting, man. It's ok, we still appreciate all the wonderful knowledge you are providing us!

[@canunotplz8780]

Yeah but that's not really the point. He's explaining it in a way that helps people understand they have options with their money that isn't strictly cutting back on every little thing. It's an open-minded way of thinking, even if it's a form of budgeting, it shows a different way of thinking about your money realistically & labeling it as "budgeting" takes away from the point he's making.

[@lowlowseesee]

"admitting" is a bad way to frame the situation too. The dude is running a business lol let him cook

[@the1337fleet]

I've been balancing a budget since 2008. I also have a CSP that tells me how I should budget! A budget is NOT just backward looking. Perhaps the way some people use it is backward looking. In my view, a budget can also forward looking. I use it to inform my future budget. For example, I tell myself I should try to spend less in one category or consider increasing the budget for that category. One flaw is that it's restrictive. However, a CSP also limits you to certain percentages (and Ramit will show concern if it goes above the thresholds unless it's from a high earner who has leeway). A CSP can also be backward looking if you use it that way ("I guess I went over my guilt-free spending, oh well!") One benefit of a CSP is psychological; you are encouraged to actually budget because it's not called a budget. The other is guilt-free spending as a major category. Ramit wants us to live a rich life now and a richer life later. It's a great starting point for a beginner who doesn't know where their money is going. Ramit could replace the term "CSP" with "budget" and his message to plan forward consciously and allocate more toward guilt-free spending would remain valid. But I get it. Entrepreneurs (including myself) create techniques and unique names for marketing/motivational purposes for things that are the same with a particular emphasis or twist on traditional ways.

[@neleven4154]

Ynab for budgeting is great. Been using the same budget from 2021. I only put in the transactions once a week. Don't sweat the small stuff. And it's fun to see your net worth grow over time.

[@arh1234]

Ramit, as you edit this, consider adding emergency fund and further non-high-interest debt payoff

[@CollinRutherford]

It’s not just about material possessions but also about living intentionally and fulfilling our own dreams.

[@supercruchynoodle]

Great video… thank you for not inserting endless ads..❤ I’m building big wealth… zero debt. Been following your advice and enjoying life !

[@LaLa_Bunny33]

This has changed my philosophy toward money and finances. I am investing even though my income is far below the poverty line

[@einahsirro1488]

My Rich Life means being able to take my pets to the vet whenever they need it, and to buy the occasional original work of art. I live in a modest little house in a cold, rural area, and wear the same 6 flannel shirts pretty much in rotation. My car is paid for and I'll drive it till it falls apart. But if those cats look 'off' for more than 24 hours, to the vet we go. And there's a painting of a sailboat in my bedroom by a local artist that I paid rather a lot for, and I love it like nothing else. I lay in bed and stare at it.

[@jeffstanger88]

since college (ahem, cough, cough, 1990) i have tracked and categorized every cent i’ve spent. i find the process oddly satisfying, though of course i have the same anxieties about what the numbers sometimes say that everyone does. I have never budgeted though. Until i went looking for frameworks for planning, understanding, rules of thumb, etc. i found Ramit and others. While i agree for someone like me who tracks things meticulously, the CSP is basically a flavor of budgeting. But the part i find most useful is the

[@harry_pouz]

Love this guy. I am from the UK, but a lot of what he says makes sense. Thanks for informing us.

[@baileytran4013]

Love the message of just getting some things started.

[@katiez460]

I did the CSP and love it - would love to see one that includes childcare expenses and how that should fit into the percentages. I added it into the “rent” category but of course that pushes my fixed costs way too high.

[@stuartwhite8939]

I’ve been with capital one forever! I love them!

[@rbruce63]

Watching Ramit on my 10 years old iPad 2 air and reading his book here on Applebooks makes a lot of sense!

[@wag2639]

FYI for monarch users, I just realized I can create rules to tag expenses as fixed costs or change category group to separate guilt free (landscaping services) from fixed costs (mortgage).

[@meryla.l.8245]

Ladder of Personal Finance resembles the Money Guy’s Financial Order of Operations/FOO. I am watching too much personal finance content. 😂

[@arh1234]

Ramsey Baby Steps, How to Money Money Dials, White Coat Investor Financial Waterfall... when we're getting started, we need discrete actionable steps and an order of priority.

[@meryla.l.8245]

@@arh1234 agreed! It just really depends on your entry point in this journey.

[@Username_CC_]

I like both strategies and follow a loose interpretation of both!

[@zenbrandon]

Honestly, I think that watching lots of financial content is a great way to keep yourself on track. It's like weekly or daily inspiration to keep going, and it puts your financial priorities at the forefront of your mind! I've found that just by tuning into Ramit and Bo and Bri every week, I make much better financial decisions.

[@Jai_BestLife]

Ramit, this was another solid, and extremely detailed video that will be helpful for a few people I know are stuck at the "do nothing" stage. They'll be getting this link today. Keep it up!

[@lizplans2028]

Love your concept. During Covid I developed the habit of living in the spreadsheet. I am glad I found your channel one year ago. Now I am living my personal rich live with also spending money and enjoying life.

[@clee3352]

Closed my checking account with a min balance requirement of $2500 this week and maxed out my Trad IRA with those funds 💪 Now I can focus on investing during the election period - might be more volatile but at least I maxed my IRA early this year.

[@atrayeedutta22]

Great adviser and amazing outlook … such abundant mind set and viewpoint . Love watching and learning from your videos! Thank you Ramit

[@ruqaia9563]

I totally love your idea about a personal rich life 👍

[@thaodinh8390]

Wow, mind blown 🤯. Thank you for advices, I will see what I can do.

[@lanimessmer8571]

Ramit, thank you for your videos and education. I finally got my dream job and within 6 months I have accumulated 15.5K in retirement and savings. I started from 0. This is all thanks to you.

[@ramitsethi]

Nice work!

[@bernardnader]

Hey Ramit! Just wanted to thank you for telling us to fire a financial advisor who charges a % of managed assets. I went with a Robo-advisor and cut the % from 1% to %0.25% on my IRA and opened a Roth IRA account with Vanguard. I haven't done the math but I think you might have made me $100k in next 10 - 15 years. :) Thanks again and love your content!

[@VyseFIRE]

have a great day ramit

[@LADY1DDNCE]

Love this! Thanks Ramit ❤

[@Faben202]

Ramit, I love what you do and watch every episode of Money for Couples, but there's one thing that is slightly annoying, and it's your stance on budgeting, when the CSP is only different from a budget in its name. To create a budget initially, it is important for it to look back at actual spending, same with a CSP. You then create a budget to allocate future income into its respective categories. The only difference is that you break down the percentages into base expenses and guilt-free spending, which is valuable, but not entirely different from a traditional budget. It's semantics. I know each creator has to have a unique spin on things, but it's a little eyeroll inducing to hear someone say "you don't need a budget! But here's this nifty budg... I mean, CSP". Lol. Regarding target date funds, I agree that for people that are looking for a one investment solution, they are a fine choice, but they just seem overly conservative to me. If I were to pick one for my target retirement year, I'd be about 30% in bonds even though I'm still over 10 years away from retirement. That may be a fine allocation when I'm IN retirement, but certainly not when I'm a decade away.

[@ghjong001]

Yeah, this drives me crazy because of how insistent Ramit is about it. I get what he's saying about not micromanaging your budget down to the last penny, but... the CSP is very obviously a budget.

[@ramitsethi]

Appreciate the feedback but I disagree. Not only is the CSP different in simplicity and construction, it is different in the entire mental model. A budget is primarily focused on tracking (for what purpose?), while the CSP is built from the ground up to focus on consciously allocating money towards a Rich Life. You may disagree and that's fine!

[@embodiedsinger436]

@@ramitsethi I know you see this comment constantly and I do see your distinction between the CSP and the traditional budget. I also understand why you would want to differentiate your approach considering how unpopular the idea of budgeting is. I think the CSP is a great framework, especially for people on solid financial ground. I wonder if there is a missing concept or framework for people like the couples you work with who actually need to change their spending habits in a restrictive way to get out of debt and need something more detailed.

[@cybertoeknee]

@@ramitsethi So if we don't track expenses, how do we know if we're staying within our guilt free spending percentage? The fixed, investments, and savings section within the CSP is easy with automating everything but I sometimes struggle with keeping track of the guilt free section if I don't put those expenses in an excel/google sheet.

[@ramitsethi]

Have you read my book? I cover this in detail. You can track 2-3 variable expenses that have a material impact on your finances. But most expenses end up averaging out to being mostly the same and it makes little sense to track them at the same level of analysis as, say, eating out or kids' expenses. Check out the book, specifically chapters 4, 5, and 8

[@roburb73]

Our most important factor when it comes to being "good" is no more stress! There's nike like the knowledge that you went to sleep at one point and woke up and are better than before!! Admittedly, we don't budget. We have a household income of $350k+ and I can't wrap my head around needing a budget. Our mortgage and cars are 13% of our income. Everything else is gravy!

[@vbadbee9123]

Love your show. I Tell all my new hires about you and that they need to watch your show. Can you do a show on how to go about picking a financial advisor.

[@sarahwinston792]

Ramit this is great!! Can you make a video for entrepreneurs walking them through doing the business side and the personal side and how to include living your rich life while balancing both. I feel like we are 100% business and making money and struggle to enjoy it. I want to enjoy it and not wait till I’m 65!

[@ramitsethi]

I cover how to use your money for a Rich Life in my coaching program: iwt.com/moneycoaching. Highly recommended

[@bartats1389]

I am not eating out I did not go for shopping in the last 2 years to buy some new clothes after I graduate from digital marketing its been a year now and all my application for job are rejected because I don't have any experience. Everything is expensive when you salary is £2k you pay your rent plus bills thats £1,5k spend 200 on food and 200 on car and fuel. I am not even talkin about savings, investments etc. I guess many of viewers can agree with me that living with your parents can make you life rich because you live rent free.. People who renting a house they struggle so there is no such a thing as rich life for us ..

[@muluhanastasie]

You are blessed 🙌

[@sarojkrbaba]

Thanx Ramit bhai for your technic, after 2 years of your guidance I feel like i'm in right path.

[@PlutoEmpress]

I love Ramit. Changed my life❤

[@youngjesus5992]

A lot of financial KZbinrs say to focus on paying off debt before even investing but if I had listened to that advice I would’ve barely began. [actually, not even yet. I owe $30k on my car] But I’ve been investing for the passed 2.5yrs and got over $40k invested now. I barely began to get my financial shit together lol would’ve lost out on 2yrs of compound growth which is a LOT.

[@littlelana696]

The automated savings has been life changing. Thanks!

[@unikornkontroller]

Target date funds are good for beginners but I wouldn't set-it-and-forget-it. Periodically compare its performance to a known benchmark. A lot of experts feel the roll off of equities over time really hurts the performance of these. And with a lot of opinions shifting from old school "hold bonds in retirement" to "stay mostly in equities" line of thinking now, target date funds can really hurt over the long haul.

[@arh1234]

Set and forget it until you have the time amd interest to look into it further. Slightly conservative is ok - for the first $100k, it's all about savings rate.

[@coolsteven2]

I got out of target date funds because I found it was underperforming for me compared to the overall market.

[@msdiimples07]

Saving to revisit this later!

[@Lesmith82]

I love all of your content, Ramit! It’s the best. I’ve always been unclear on why you dis budgeting for blueberries and broccoli. Is it just that we need to call them “groceries” instead of having a separate line item? If so, fair point, we don’t want to get bogged down with too many categories. But you are actually tracking the blueberries when you track “groceries,” right? When you say not to worry about “every last penny,” it makes it sound like you’re saying sometimes we should just spend whatever and not represent it in the CSP, but that would be more like what most people do anyway- not conscious spending. If you mean we can round off our expenses when we track them in the CSP, I’m all for that! For some reason, tracking pennies in my budget/ CSP bothers my brain. My brain doesn’t want to see so many non-zeros! I would love to hear you practically breakdown a “budget” and how someone would use it throughout the month, with hypothetical numbers. Until then, I’m not sure I’ll understand what denotes “budget” in your perspective. Either way, I hate the word “budget” enough that if we’re just trying to replace it, cool! 😂 Thank you for your invaluable content!

[@richiecastle460]

It's an inside joke. On the podcast, there is an unusual number of people who will try to maximize the price of blueberries, going so far as to go to 3 grocery stores for the best price. People with $5 million net worth at 40 would stress over paying $12 instead of $10. For whatever reason, blueberries came up often, and ramit thought it was funny.

[@lowlowseesee]

ultimately its playing small when people arent investing but are comparison shopping for something trivial. or when you see millionaires also playing small by wasting time trying to save 4 dollars when its a waste of their time for that small victory

[@shea455]

We only have three asset classes: Fortune 500 (stocks), Bonds (our 'the market is down' buffer, 2 years worth) and Cash (our next 1-year of cash). Target date funds are easier but the fees make a big difference over time, and I'd rather control my own asset allocation... granted, I'm probably the exception, and not the rule, as I'm a money geek.

[@Trix897]

That makes two of us. One of my hobbies is looking at my finances and modeling a variety of scenarios so I continue to feel comfortable with where my money is going and meeting my goals.

[@pg9566]

CSP = budget Ramit 😂

[@danielolaya6964]

Ramit is saving lives out there, Cheers from Colombia!

[@phykios]

Ramit may get some flack about his CSP that it is a budget despite him not wanting to admit it, but he is, in my opinion, the most realistic and actionable, out of most of the finance KZbinrs next to the Money Guy Show. Most people are just inherently terrible with money, so his idea of automating finances is just better

[@soumyajeetchakrabarty6872]

This has been very very insightful

[@FurryHippoFinance]

Being a financial counselor I see people with 60-70% of income already fixed… remainder is guilt free spending, see the problem there?

[@meryla.l.8245]

CSP = “back of the napkin” budget 😉 still love your content, Ramit!

[@DickensFangirl]

Uh huh what happens when you unconsciously go over on your guilt free spending. But I do like the format especially the simplicity of the formulas

[@Jbook464]

Ramit! Correct me if im thinking of this wrong, but don't you have to track your spending to know if you're sticking to the CSP? I made a CSP for myself and I feel like I have to track my GFS to make sure I don't spend too much in that specific category.

[@arh1234]

You do. I think the distinction is that CSPs use broader categories - budgets with 40 categories become cumbersome quickly.

[@JustLIkerapunzel]

That's just his semantics to try to act as if what he sells wouldn't be a budget just cause some people are basically allergic to that word (him included 😂). He claims a budget equals to the act of trqcking your spendings while that's not at all what a budget is or ever was defined as. The budget is the plan on HOW TO MANAGE YOUR MONEY. Which is exactly what his "CSP" is. A system to manage / budget your spendings. Tracking it is simply the act of checking wether your system is working out as planned or needs changes. It really doesnmt matter wether it is you putting aside cash folders for different spendings as some do, or setting up autopayments, or different bank accounts for different spendings, or using an excel sheet and manually doing payments etc. etc. For beginners it's the easiest to start with monthy auto payments to recurring bills, an account that is designed for such bills that don't come monthly, rent payment, utilities, etc. and whatever is left on your checking account is what you know you can use for your flexible costs such as food and fun till your next paycheck in order to stay within your budget. Once you don't feel stressed out and want to finetune you can still use apps to track those flexible costs in more details

[@ajohonly3721]

Ramit why do I feel scared to spend my guilt free money 😢? I did everything you said but! I’m still scared to have a lil fun 🤦‍♀️.

[@ganpati634]

Things you need for a rich life. 1. 100 k a year, good partner, 1 hour gym, nutritious diet, 9 hours sleep. Thats all you need. Nothing less.

[@awanen]

My guilt free spending is extra payments to the mortgage and a rich life for me is to have a paid for home hehe, sorry Ramit.

[@GigaChadBigW]

I would love a video of your setup you light and camera look amazing and I need to step up my game bro

[@curiositystoryer]

So, if you had to pick financially between an HSA and a 401K, you would pick the 401K first? Because I've been leaning towards my HSA first.

[@Iridiumwins]

I'd make a slight tweak that people looking to get on the property ladder should look for a credit card with the best bank offering the best rates, get that responsible credit usage logged on their history books.

[@stevemaurer2259]

So, question for the chat: any tips for implementing the automated credit card payments when your partner likes to pay in full every two weeks? Is there anything that would be helpful to show her it could be easier/less stressful to automate?

[@HeadMistressDen]

Another excellent video. I appreciate both the couples videos and these money breakdown videos. Thank you so much. Keep spreading the great work.

[@fuadimunzir]

22:45 this is worth to try!

[@sensiblewheels]

26:09 when you say you don't need a budget, I would think creating the CSP in itself would constitute a budget. And we still need to categorize the spends each month to determine if we're sticking to our CSP. I appreciate that you're not classifying this as a budget because people only think of a detailed budget as a Budget. I'd love more on this from you. PS: I'm relatively new here so I may have missed it if this was discussed already.

[@sensiblewheels]

Never mind, I see that many of them had a similar question and you did answer to them. If there's more you want to add, I'd love that too! Thanks

[@delicatevenusflytrap9091]

@ramitsethi should i be skimming some profits from my TDF quarterly or semiannually? Im scared to lose now that i am seeing growth- LOVE your vids and simply explained advice

[@eandrgoodwin]

A conscious spending plan is a budget. Plain and simple. If you want to play around with words, go into politics.

[@Neran12100]

First, thank you for your high quality content videos. I am very surprised that your advice is to put as much money as possible in retirement account, knowing, except if I am wrong, that you cannot withdraw it until you actually retire. Depends on the goals of everyone for sure, but I generally put only 3 000€ on my retirement account (with a 30% tax back) out of the 18 000€ I am investing each year. The rest is invested in ETF (stocks, real estate, etc...). And I know that I can withdraw this money when I want (in the case I will reach my target and be able to live on 4% of my investment BEFORE the official retirement age). And I disagree on budgeting. I am budgeting, but not tracking every expenses (some apps are doing it very well and automatically. But I am budgeting by assessing how much I am planning to spend on all categories, like food, going out, etc... Then I follow my monthly budget directly on the app! Easy! And I am also setting a target of yearly spending, corresponding to 50% of my earnings. So even if I earn more, it doesn't mean I can spend more (but to invest more!). am looking forward to hear from you. Thanks for your time!

[@ThrowBackZone]

I get it-life can throw unexpected curveballs! But isn’t it wild how some people think bankruptcy is the 'easy way out'? 🤔

[@manaloatonata8774]

Question about the paycheck routine, most people are paid bi-weekly or weekly, we don't get to choose when we get paid, I understand that you're trying to simplify it but I don't think it applies to most people working a 9-5. How can you apply this when you get paid all different days of the month?

[@lormac2769]

Cute sweater

[@curtwiggins8043]

At 13:35 you warn about having target date funds in our taxable accounts, but do not elaborate. I followed the ladder and did have additional funds to invest and started doing exactly that. Besides taxable dividends, what are the negative consequences? What should I do with those funds?

[@doireannrenzi7815]

Ok, so I’ve implemented pretty much everything from the book and it’s been incredible - we’re in a streamlined and stable financial position now (even with husband temporarily not working) - however, we had 1/3 of the money in our taxable brokerage in a target date fund. Given the final tip in part one, or other folx in the comments who know about this - what do we do? Should we sell and reallocate it to our other index funds? Or is this just a ‘blast we made a mistake’ and leave it there?

[@robertwright8844]

Target date funds are managed for investors in tax-advantaged accounts, and they can occasionally have large distributions that trigger unnecessary tax for investors in taxable accounts. So yes, I would suggest moving your taxable investments to ETFs (ideally), or mutual funds that aren't TDFs. Even if you're reluctant to sell, don't continue adding new money to the TDF.

[@Elhamonyou21]

Question for me is, how do you have a rich life and still be a car guy? I love driving different cars and I used to buy/lease a new car every couple years, since I started budgeting more, I stopped but man I miss that. Maybe the two (budgeting and being a car guy) don't mix.

[@ramitsethi]

Being a "car guy" can be very expensive, so if that's truly your hobby, iou have to earn enough money to make that possible. You can also cut other expenses down.

[@SrivathsSriram]

Ramit, big fan here. Love your philosophy on personal finance and everything you're doing. What are your thoughts on a backdoor Roth IRA? Is it better to jump straight from maxing out 401k and then go straight to taxable brokerage?

[@SrivathsSriram]

​@@SriArkashana_AdminI bought and read the book, it does not talk about backdoor Roth IRAs.. please let me know your thoughts. Thanks!

[@jlightfoote]

I love your system, but how can I set up the automated bill payment day if I get paid every two weeks? It makes it so the day is never the same, so it’s hard to automate that process.

[@talharahman7743]

Hi @Ramit, I am from Australia, is your book relevant to Australia?

[@billbill4392]

Sir, what do you consider a high interest rate for debt? Should not one proceed to rung 3 until he is totally debt free?

[@tharpeaddy]

People wonder why I ride e-bikes They never wonder how much money ima saving each month from ever going to a gas station never paying for oil changes never paying for property taxes…tickets parking should I keep going??? People only wonder why I ride e-bikes they’re never concerned with how much money I’m able to save lol… When I see hybrid and small vehicles I’m just wondering how much money they’re saving and when I see expensive vehicles I just wonder how much is the maintenance to be honest …😅

[@karenh.192]

Hi @Remit with the current economy and the amount of layoffs I have found myself settling for salary cuts. Maybe it’s because I’m just so desperate for a job I don’t want to price myself out. Would you be willing to share your insight on an episode specific to salary negotiations and job search during mass layoffs? Thank you for blessing the world with your skills and wisdom.

[@arh1234]

I'm in a similar situation - no COL raise in years, but that's the state of my field. Several areas had big pandemic raises that companies are riding out. I'm keeping an eye on the market so I know whether I'm being fairly compensated🤷🏽

[@guianellateran7579]

What do you think of Roth IRA with Voya We have that option at work, but is this a good company, or shall I try a different entity?

[@dedelambert]

Do you have any recommendations for a podcast focused on finances going in to retirement?

[@arh1234]

Might be worth paying for an eval by a flat fee financial professional. Expect $1k-$5k for 1-4 meetings, over up to a year

[@yaniroman]

Hey Ramit! What do you mean Target Funds have tax implications if I have them in non-retirement account? I was already having doubts because Charles Schwab charges me fees if I buy more than $50 of the Target funds at a time.

[@chueyang7221]

In Rung 6 does what you mean by open a "regular non-taxable account" are you referring to a brokerage account?

[@stevestreet9628]

I would love you to do this based out of Australia,

[@ellenk9604]

As a highly skilled professional designer with 30 years in the business, I can tell you that the 99 Designs model is about the lowest of the low. It's exploitation, 100% and ethically very wrong to ask that desperate designers compete this way and maybe, just maybe, you will choose them AFTER they've done work for you. Turn it around. Let's say I want some financial advice, and I ask 100 accountants to work up a plan for me for free, and then I'll choose one that I like. The rest of you, eh, you're outta luck. Would you do this? Is this fair? The better way is to look at a few portfolios of work online and choose a designer based on what you see and like. DON'T ASK FOR FREE WORK. If you have a business, you have ongoing needs, and you want a professional who will know your branding, style and preferences. You will have an ongoing relationship with this person. I would never do business with someone who wanted me to update their 99 Designs work - it's unethical. I respect this channel, but this endorsement is not something I can let go without commenting.

[@KA-NV]

Hi Ramit. Great video again. I have a question about the target date fund you suggest for a 401K account. In my experience, I have seen the ROI in target account is way below of investing in ETF like VOO, VTI, etc. Retirement accounts offered at work place has not many options on investments. Do you think it would be better to contribute to the 401K up to the employer match and the rest put it on a taxable brokerage account and buy ETFs instead of keeping it in a target date that will generate less ROI? I have max my Roth IRA, and HSA and I am looking to get more on my investments than what I am getting on that target fund. What do you think?

[@arh1234]

For at least the first $100k, yield is basically irrelevant. Savings rate drives all. Keep it simple, especially if it will free your brain to get started.

[@user-gr7jo9qb3l]

briefcase "technique" is not a technique or a trick. If you can't provide an employer with solutions, they can just outsource or hire someone else. I interview people for a living and most forget what co they applied to and think they should be hired bc they have kids to pay for

[@PaChe-mb9lv]

Hi Remit, I really need your direct assistance with my finances please, thank you. How can I hire you?

[@abigailwestfield9762]

Can the conscious spending plan be available on Google sheets please ?

[@sndrh9664]

You can download it through Ramits link and then upload the template to your Google sheets. I did that a while ago and it works just fine :)

[@CameronMoore-l2k]

How would you set up an automate system when you get paid biweekly? Paychecks don’t always align with bills

[@ramitsethi]

See "how to handle irregular expenses" in Chapter 4 of my book. You essentially build a buffer over several months, then use it to simulate a monthly paycheck

[@tannismiller5389]

When paying off credit card debt, pay all that first or still put something in savings while paying it down?

[@just2watch1clip]

Ramit's sweater game is on point; had to re-watch half the video because I was distracted by the fit🔥🔥🔥

[@odiez42]

I tried the briefcase interview approach. I didn't get hired and the company implemented my idea within a couple of months.😂

[@mini_special]

I am wondering when it is going to be uneconomical for Ramit to keep his Accura, what car will he buy? (Coming from a car dude )

[@TheJS3v3n]

@Ramit if all you had was a little more than half of your debt in savings, would you recommend paying it all off and have only a few thousand left or save up more first while slowly pay off debt?

[@enrique-zarate4594]

This is why I pay the internet for ;)

[@nikhilgandhi01]

The background chimes remind me of the Zelda game

[@LifeOfErrick]

Why would you have HSA as Rung 5 instead of Rung 4?