Reacting to My Subscribers’ Finances

[@isiah675]

This series has gotten better pretty quickly. Solid team working in the background with Ramit

[@zheros81]

Love this format, it’s like a condensed version of the podcast.

[@whysoblutube]

That couple romanticized owning the 1M home. I could already tell that spending on things that would make them happy was almost non-existent. As you pointed out, as soon as they were to acquire that 1M home, they’d be sad again soon thereafter.

[@martinyeager7948]

They need to spend time defining their rich life. Personally, I think working/earning less and spending time enjoying each other is part of the solution. As busy as they are with work, owning/maintaining a house will be a shocking consumer of time.

[@lowlowseesee]

same. ive seen every episode and been helping friends with their finances now so I can spot that rather quickly

[@s0ph_002]

yeah she didn't seem to take any of the advice and made excuses sadly.. i hope they learn to let go a little bit

[@saraashkir5793]

I also have no idea what they’re talking about? Because who tries to buy a house in cash in nyc, that’s a goal that just sets you up for failure unless you make tons of money. They have plenty for 1 mil, even for a 1.5 mil house with a mortgage, and their monthly cost would be like ~$5000 which they could do without too much hassle (literally their house savings + rent is a couple thousand more than that right now). I guess I dont understand their goal

[@mohnishsial8142]

It feels like they want to buy the $1M house in cash…. They could have bought that $1M house $400k ago.

[@Kevin.Grindel]

Couple 2 needed to be live so Rami couple challenge the defeatist attitude and ask what they planned to do with the $750,000 they have saved. I see $50,000 for an emergency fund and $700,000 for a house with a $300,000 mortgage the payment would be about $2000 a month. Then they would free up the $6000 a month they are saving for the house. It’s crazy that these numbers allude them when they’re so able to stay on a budget so they have to understand something about numbers.

[@superbigblack]

They're probably afraid of a mortgage. Dave Ramseys fault.

[@btbudgets]

@@superbigblack That's what I was thinking. I can't stand Dave's teaching. Making people afraid of using something/use too much control, just makes it more likely someone will rebel eventually and end up in a mess.

[@hughmungushugh]

@@superbigblack Dave Ramsey doesn't tell people not to get a mortgage, just to keep in proportion to their incomes.

[@maxinoume]

And if they really end up moving to a different city, they could pay cash for a nice house anywhere between 400k and 700k depending on where they move.

[@hylilan7268]

go look at new york city area homes with a good school district and see how much you have to overbid to win

[@kr59137]

It was fascinating to see the one couple has already increased their income from $60,000 something to over $200,000. The second couple really needs the full IWT experience! I would love to hear their logic and perspective. Being worried about buying a house you can almost pay cash for is very interesting.

[@pam1830]

Because in NYC, to buy a house is like $2m minimum... When I moved to NYC in 2007, buying a building was in the $750k range, a similar building that I was looking at (15 years later, same neighborhood but in a "cheaper" aka worse location) was listed for $3m and it wasn't due to extensive amazing improvements.

[@MissGirl1450]

I agree. That woman sounded exhausted. They have way more money than me and I found myself feeling richer. I'd love to have him dig into the psychology there.

[@Aquaria2291]

Yesss, I need couple #2 on the show, omg. The video update made me sad, it sounded like someone stuck a straw in and sucked all the life from her. Hopefully, the prospect of moving will give them more opportunities to construct a life outside of work and saving, because they can have an amazing rich life, and they deserve one for how hard they've worked. I'm an NYC native living in Philly, they could easily buy a beautiful home here with the cash they have on hand. There's a lot to do and see here too. And they wouldn't have to say goodbye to NYC, it's right there. I've gone up on Amtrak to have brunch and been back home in time to feed my cat dinner lol.

[@w00h00]

Big fan of this format, Ramit. Keep it going!

[@JenniferBrooks-eq3rn]

I think the second couple made the right choice in finally moving. I think the real issue there for their happiness was that both of them were having to do two jobs to maintain that income in a high cost of living area while trying to save for a home and retirement. I think that the exhaustion of having to work so hard probably also meant that the little time they could spend together wasn’t quality time. Moving will help them reach their goals and at the same time, hopefully they can afford to work less, by getting a nice home for less money, and get to enjoy their lives together. Wishing them lots of happiness for the future.

[@TidalsWave]

Truly love your content. But I also wish you featured more people with incomes in the $50,000 to $70,000 a year range, and single people as well. As a single 28-year old woman making $52,000 a year, I absolutely do learn from all your guests, but none of the people featured today were relatable. I don’t have a husband. I don’t have a doctors salary coming in two months. And there’s no $700 k housing fund. The choices and calculations I have to make are different, because the money is different. Single people and people not making 100k + each year have money concerns that are just as a valid as other subscribers. It’d be nice to see that reflected.

[@ramitsethi]

I want to reflect ALL the diverse financial and socio-economic situations of everyone. Please apply when we post about doing the next CSP analysis!

[@mirja3278]

@@ramitsethi I do think you should have more content for single people, especially single parents! your content would have a HUGE impact

[@kb32021]

@@mirja3278 Working single mom here with no financial support coming in from the other parent- I strongly second this! :)

[@kaleyhobbs]

100% agree. It’s very hard to relate to couples bringing in $20-50K/month.

[@equilibrist3513]

I agree that this is Ramit’s biggest flaw. He never does full episodes with single people. A large number of adults these days will either never marry/partner or are divorced or widowed and don’t remarry. We need information on our finances just as much as couples, perhaps more so since we may grow old without outside support (particularly if we’re child free) and thus have to plan for our futures even more carefully.

[@nomaam5891]

If I can recommend doing this type of episode with single viewers, I am. I’m a huge fan and you have inspired me to pay more attention to my money. I still need work but I have made some great progress and intend on getting better. Thank you Ramit!

[@kbart9576]

Good point... the longer form is more interesting with couples but this format would be great for single folks!

[@DrRoseD]

Couple 2 makes me sad. They are successful by almost any measure, great combined income, amazing savings for a creative couple, could almost buy a place in cash. But they live in a scarcity mindset. Because of this mindset, they missed so many opportunities when rates were low. In the video followup, I can see the depression and despair in her face - she does not believe she really has the opportunities she so clearly created for herself. And it did not seem like she heard Ramit's message of "yes, you can buy." This is the case where negative stories they are telling themselves have destroyed happiness. Who needs all this money sitting in an account when you're that miserable?

[@Mr_NB628]

In my opinion, it seemed like they weren’t looking for a $1 million house. She says that $1 million house would only be slightly better than what she was looking for. That makes me think she’s looking for a multi million dollar house.

[@LanceAvion]

@@Mr_NB628Here’s what I think happened to them. They have been grinding for 15 years right? Well back then they started a $1 million dollar house in NYC got you a lot more than it does today. As they started saving the money to afford their million dollar dream home, what they actually wanted started to go up in cost faster than their savings/income. Now the home they actually want is $5 million, and they are further from it than they were 15 years ago when it was $1 million.

[@jesseye33]

@@gabrieliacoboni6951it hit me very fast that they are definitely Asian 😂 only Asians are this frugal lol

[@siliconhawk]

​@@gabrieliacoboni6951 it is kind of hard wired here when you have seen visible poverty with your own eyes and/or either your parents or grandparents were essentially broke with no money at some point living day to day, maybe not today but when they were young, so you gotta have some restraint coz no one wants to be in that situation

[@tpiety]

It was also interesting that only she responded. They were the only ones who didn’t seem to get the rich life concept. Don’t understand why they think the $1 million home is out of reach when the have saved 3/4 of the amount needed to pay for it in cash. Is that what they are trying to do? Bugs me when I think what I could do with just a fraction of this. 😟

[@martinyeager7948]

I enjoyed the format of the episode in the content, length, and presentation. Certainly there is an an audience for people with this level of income. Also, I'd like to see a similar episode with people making a combined $100,000/year as a couple (20's, 30's and 40's year old) and an episode of single-parents or people likely to be single for the balance of their life. Thank you Ramit and team.

[@ramitsethi]

Coming your way soon! Stay tuned. And thank you for watching

[@martinyeager7948]

@@ramitsethi Great! All income ranges and situation are important.

[@RaechelMaelstrom]

I like this. I feel like the podcast has gotten to be too much like a therapy session to understand someone's finances. Yes, the emotion is important, but it's taken over the numbers, so you really can't tell if their problems are real or emotional until very late. This starts with the numbers, which everyone can understand, and then you add in the emotional thoughts based on the numbers, which makes a lot more sense.

[@georgiaw3023]

Hey Ramit and team - I love this format. Also thankful for your acknowledgement of feedback in the comments - the previous videos in this series have had different selections of people too so I think overall the variety is decent and I’m looking forward to seeing more as you are able to produce the content. I’m from Aus so our tax/retirement/account structures are different but the principles seem universal and I’ve learnt a lot about Roth IRAs 😂 ! Thanks 🇦🇺

[@EgamiGlow]

Awww!! I love that you featured your wife's business!!! That's so beautiful! 😭❤️✨️💕

[@manubansal1979]

One of your best episodes, Ramit and team! More of this!

[@roburb73]

Yessir! We're in the same situation! I retired from the AF after 27 years and have a solid pension and VA compensation. That alone us we'll over 6 figures. My wife is a Federal Employee and when she retires she'll have a pension. The healthcare is the big thing, pretty much free healthcare with a $3k catastrophic cap... regardless of what the procedure. It's a huge benefit, but we do sacrifice a lot during our 20+ year career.

[@stevedoria2996]

@roburb73, we are in a similar boat as you. Retired military, both have VA Compensation, and wife Federal Employee.

[@roburb73]

@@stevedoria2996 , It absolutely brings a lot of joy when planning for retirement! There's so many challenges civilians face that we don't. Very blessed!!

[@veri.contrary]

oh wow that’s incredible!! thank you for your service as well, my dad is retired navy. i was blown away by couple 1’s post-retirement income and was curious how such a thing was possible, but it definitely makes sense given how much of your time & life was spent working in the military. if there’s anyone who deserves a well-set up life in retirement it’s y’all, glad to see this and wish you, your wife & family the best! ❤

[@fortgrove3166]

@@veri.contraryit all depends on the rank. If they retired as officers; that returns alone a decent pension. If they are 100% disabled; they get max plus dependents which they have five. I retired after 32 years of service, so that is how it works. ;)

[@alexnumssen2098]

I never really comment on videos but i just wanted to say you offer such a refreshing perspective on finances that is so important to quality of life. Its easy to fall into the never ending sprint of saving, investing, frugal frugal frugal. Thank you for reminding us that it is okay to set our goals financially , automate them, and enjoy life

[@izy0321]

The fact that he’s advertising his wife’s business is incredible 😂🎉

[@magicalgirl4life701]

Yes! I thought that was so sweet! And a great advertisement too

[@embodiedsinger436]

Love it!!

[@Erepk]

My rich life is to be able to afford her one day!!!

[@taylorb6469]

Kind of weird to hire your wife to do a favor for you.

[@Zadnak1]

Don't mind their accountant moving money around for tax purposes. /s

[@gabrielamcintosh5962]

My husband and I thoroughly enjoyed this episode, great format, thank you! I'm very appreciative of the guests for sharing their finances and lives with us, very insightful!

[@pam1830]

Couple #2 - Was going to say, "Considering the apartment prices in NYC right now, my bet is they have their rent semi-secured and moving to a $1k more expensive apartment wouldn't necessarily get them a better place. I do agree that they should be living somewhere they ENJOY because who wants to live somewhere they end up hating? (Been there, done that - great apartment, terrible location.)" Good job on them to leave NYC. I left, and for LESS MONEY than my 2009 rent in a highly desirable neighborhood (rent locked in, crap location despite the neighborhood) I have a 3 bedroom rental house on 1/2 an acre, a great quality of life, and a more satisfying social life. It's awesome. I loved my 15 years in NYC, but it became clear it was time to leave thanks to the gift of work from home/remote work. And that's okay! Not having to work to live is SUCH a gift! Couple #3 - I LOVE my sub-savings accounts. It's how I think about my money, and I'll target certain accounts to "top up", then as each one gets "topped up" I'll move my savings focus to another account. I'm a spender, so this is the way to keep me in check and in budget and regularly saving. Also, love that you have advertised NLW. That's the way to do it! Thanks for doing these WITH the video follow ups! VERY helpful!

[@SilviaArrambide]

I love all Ramit’s videos 🙌🏻❤ and I love this format of multiple CSP’s in one video…

[@pentoo988]

Love the call out to “surprise expenses”. Things like house repairs and car repairs are not surprises. Save for them every month. Emergency fund is for emergencies. Cars and houses aren’t emergencies, you know repairs and replacements are necessary so budget for them even though you don’t know the exact timing.

[@michellegreen1072]

Couple 1 - Thank you both for your service.

[@kdonor]

Hi Ramit, since I remember you said you read your comments, I wanted to thank you here. My husband and I had been saving 25% of our income into Roth 401ks but just recently decreased that to 15% because we want to enjoy some of our income before retirement. So right now we are saving for a family trip to the UK and have nearly funded a Paris trip for 2 of us. We very well will increase our savings to retirement again but right now this seems appropriate especially since our 4 kids are at home (minors) and we want to give them some more great travel memories. (for reference we are completely debt free and have 529s funded for kids, HSA we max out, own our house). Modest income but we're careful.

[@ramitsethi]

Beautiful!

[@pleaseentername.]

If you are planning to go to UK, then you could join that with the Paris trip? There is a train which takes 3hours from London or a quick flight which should cost less than $150pp.

[@kdonor]

You're right, and that was our original plan, but since we want to see a number of things in each place, to avoid completely wearing ourselves out, we're splitting into two 2 ish week trips.

[@pleaseentername.]

@@kdonor fair enough! What’s on your UK bucket list?

[@kdonor]

Lake District for Beatrix Potter related places(probably 5 days there) Stonehenge, a lot in London, a few castles have been suggested, we just need to figure out. We're big British literature and history fans here so probably could spend a year or two but realistically 15 days will probably find us ready for home. :)

[@Zadnak1]

2:11 - Military pension and disability can be 100k a year, usually most of it is tax free. CSP #1 checks out, in my opinion. They can also be in their 40s. There are plenty of people who went into the military right after high school, did their 20 years, and collect $70k+ a year as retired in their early 40s.

[@valentinesday7406]

Yes! Another power couple that is "100% disabled" (approx. $4K each per month) on top of their pensions. I wonder how long before the VA runs out of money.

[@ahermitslife3684]

​@@valentinesday7406I don't know if I should go there but what the heck... I have a close(sibling) that retired from the military and also gets almost full disability and used his GI to get an electrical not engineer but does IT work. Has had a full time job the whole time runs marathons, lives in a million dollar house, both he and wife drove range rovers and do you see where I'm going with this?!

[@ericar.6370]

@@ahermitslife3684someone once explained it to me that they’re disabled for purposes of their military jobs but not necessarily disabled for purposes of civilian jobs/civilian world. I would be curious to know how much money is spent on this because many service members receive these payments!

[@aog9784]

Couple 2 didn’t do the follow up together and she sounded completely miserable despite the positive review…I really feel like somewhere down the line someone said “we/you can’t do X until we/you have a $1M house” (X = get married, have kids, start that business together) and now they or she are/is completely tunnel visioned. You love New York… you don’t sound like it and you might have bigger issues… Regardless of the completely uneducated, unsolicited vibes story I created in my head this couple has done an amazing job!! I hope they get to the root of the issue and learn to enjoy what they’ve built.

[@ZhiyingHarp]

i love it whenever Ramit put his hands on his heart, when he says something like "things that make you happy". It means that he feels it and means it sincerely from his heart. He doesn't just say it from his head.

[@trackee2024]

26:34 I’m happy you say these things. Sometimes I hear these people save so much and then I think I need to be killing myself to save every penny - I want to spiral! Your reminder to enjoy your life is refreshing and helpful!

[@FromNyo]

Finally! I love this series.

[@Jai_BestLife]

Ramit, I am genuinely curious as to why you don't work with single, divorced, or widowed individuals, as you did on your Netflix show.

[@NickiBluIs]

Not to answer for him but a huge part of the podcast is seeing how problems arise from conflicting money psychology and rich life visions. Can’t have conflicting perspectives with only one person

[@Jai_BestLife]

@NickiBluIs Individuals may have "conflicting issues" between their personal financial beliefs and knowledge and others' (non-partners) advice, which would cause them to seek Ramit's help. So my original question stands.

[@swithheld9905]

@@Jai_BestLife Yes! And digging into people's financial backgrounds and history growing up can easily be applied to singles. I'd also like to see what he'd suggest for disabled folks and people who cannot work full time.

[@btbudgets]

@@Jai_BestLife agreed. i'd love to see some single or divorced or disabled folks.

[@macilenaross5439]

That's the question I have as well

[@sbIvanov]

Love this Remit! You inspired me to start a blog on personal finance and share my learnings and help other improve!

[@lowlowseesee]

thats so awesome. Found Ramit in Feb this year and ive been helping my co workers and family and my employers with their finances lol. Ramit for the win. i never cared about money at all until he woke me up lol

[@Kimbopolo]

Couple #2: please hear this. Homeownership is not the paradise you think it is. I wish your entire generation understood this.

[@mwise9435]

You're not wrong, but renting a shitty apartment is not paradise either. At least with homeownership you end up with equity in an asset...

[@the1337fleet]

@@mwise9435 Or one could get a good apartment that is still cheaper than total housing costs (mortgage, interest, HOA, taxes, insurance, agent fees, maintenance, etc.) Equity also takes decades to build. You'd be paying interest for the first half of the payment schedule. You end up with equity after years and years of throwing money away on interest and all the other recurring costs that continue to run after paying off the house. Meanwhile, a renter who invests the difference would very likely have at least as much as the homeowner (depending on how much they invested) after 30 years.

[@katemiller7874]

Oh yes it is. No one tells me what to do on my property. It’s great

[@BlessedOne_91]

@@katemiller7874HOA? The Bank? Also it’s not your property until you’ve paid it off.

[@Kelly_Explores]

It is to me! I’m working harder to pay for my house but it’s sooo fulfilling. I used to move apartments once per year and lived in a van for a while. This is paradise.

[@herecomestiff88]

Loved this episode! I was looking for an episode that discussed a couple with a pension. Very helpful with planning for myself. ❤

[@swithheld9905]

the reason why the 2nd csp folks' guilt free spending is so low is because they don't have time to spend money - they work all of the time. I know because I do the same - I have a job and am also studying for a PhD, so I'm also in that boat, albeit with much much less income than them. The issue is that if they stopped working so much, they'd have more free time for guilt free spending activities, but they'd have LESS money to spend on things... so it doesn't quite make sense to just say "spend more." I also get why she is saying that the house is a pipe dream, possibly because of mortgage rates being so high. even though they technically can put a fat downpayment on a house, their housing costs will shoot way way up after buying, meaning they have to keep working like crazy. crappy situation they're in. I feel for them.

[@kevinsullivan1833]

💯

[@verb0ze]

This is me as well lol. I forced myself this year to take a month long trip (and even then, I still couldn't stop working, it's an addiction at this point). It's out of character for me, but I'm glad I did probably one of the most memorable trips I've taken!

[@pchygrl17]

Loved this video, as usual. Extra fun seeing the 1-month follow up videos!

[@Wearethewinstons]

These were great! My take aways at the end like you asked are that I don’t enjoy life enough and am constantly saving. I keep thinking we will do this and then have that “American dream” but then we are off to the next thing. I think we need more fun time and finding things we enjoy. Thank you for your channel! 😊

[@jaxxmelton]

Keep these coming Ramit. This series is a hit!

[@sara7mk]

Really like this series, including the changes you made. Nice addition to the channel.

[@dohnjoe735]

im a little confused by the follow up of #2. either she's trying to buy her dream home first (does she know that she can buy a home, and then sell it and get a bigger, better one??) or she thinks that homes must be bought in cash... I think she needs some financial education...

[@thaliakate888]

Cheers to your wife! I actually did have a, “Wow. Ramit looks so good,” moment when watching your Netflix show a week ago. 10/10 👏🏼

[@robinr5337]

I wish we could see more of this with realistic incomes ($55k annual) for the average person. Maybe it's because I live in NM, one of the poorer states, but these incomes seem unrealistic for most. The advice is then not helpful to most of us.

[@lowlowseesee]

im low income and just like ramit suggest, i still find commonalities. still finished his book and Im on my way up. just got a new job to start investing more too. i hear you though

[@Yugiboii]

Just imagine this being you in 10 years when you make more money

[@Trix897]

It took me a long time to get to 6 figures, but I’m here. Just keep at it!

[@Sukafukazulu]

I’m in NM too! Just got out of debt and bought a car using the advice I’ve collected from Caleb, Ramit, and others. I don’t even think an income of $55k was realistic at one point, lol. I am barely even beginning my investment journey. The more I listen, the more I achieve, the more I relate. Participants like this give me hope. They show you what is possible because we tend to limit ourselves without even knowing it. I appreciate hearing about any and all situations because we never know where we will end up.

[@Kibenwa]

No waaay! I was genuinely curious in this particular episode where you get your clothes! 😅 Loved the navy striped sweater with the hoodie so much! It's so cool your wife styles your wardrobe. I really like this episode format. Looking at different CSPs with real time feedback is so insightful. Keep em coming! 🎉

[@stevemaurer2259]

Love the follow-ups!! So cool to see how change is made. Such an inspiration/motivation for us all

[@DuhAnimeProtagonist]

This was awesome! I like the updates. It’s interesting to show how much your feelings about money and life is about their own perspective and just need a little nudge to go where they want to be

[@SarahWilley838]

Great format. Would love to see more Emo Ramit!

[@MyrnaMaldonado-q4b]

Love this episode, eye opening. Thank you as always for sharing your experience 😊

[@naomicowan4808]

I like the format of explaining different people's finances

[@Rcs2018]

Thank you, Ramit! You have reminded me how important it is to spend today and not just tomorrow. I have done some calculations and at our current rate of savings, we’ll have an absurd amount for retirement. Simply too much when I could spend more on enjoying experiences with my family today. Always appreciate your perspective!

[@Steve_Edberg]

14:12 Wow!! That was such a troll!! He had my blood pressure going up for a few seconds!! Well played!! 😂😂😂

[@chadgravlin7537]

This is my favorite style of video!!

[@joannaK187]

This is my favorite series. Please continue more of these

[@DM-gz2el]

I remember watching your interview tips forever ago! Congratulations on your success 🥳

[@こっちゃん-g5b]

Thank you everyone for sharing your finances! Thank you Ramit and his team too❣️ It really make me think about my finances 😊

[@ProJvst]

please keep doing videos like this!

[@Savingmywaytofi]

I absolutely love this sort of content 🎉 the music in the background was a little distracting for me tho.

[@joyshenice]

Love love love this video, especially including the one-month updates. Keep it up Ramit!

[@mwedzi]

Loved this episode. The numbers, the updates, it was great! That first couple's pension is wild, and it's barely taxed even! I'll have a pension but much smaller, so I still need to save a good bit for retirement. These couples are all doing very well financially, much more so than the average person. I always wonder, is the skew much higher than median a choice Team Ramit makes in choosing who they feature, or just because people who make more are more willing to share their finances? I know when I made less and our lives were more of a struggle, I didn't like talking about money near as much, lol

[@aic0809]

I think it’s self-selection bias - it’s likely that the people sending their information are higher earners who are financially conscious in terms of wealth building. When I made much less money, you would never see me watching finance videos, much less considering whether to submit my budget for review and feedback - I was just trying to survive! 😩😂

[@thewriteplaceforme6874]

A lower income, struggling family might also have trouble with the first step of organizing the numbers in the first place. Even just a simple "write down what comes in and goes out" might be tough. So to get vetted, a lower income couple might not have time or stamina to get through it.

[@SabaJoon]

Really enjoyed this format and learned a lot. Love to see more of this in the future.

[@mainsocial1105]

Really enjoyed this episode!

[@Bynming]

I feel bad for the second couple... their entire young adult life because they're anxious about buying a modest box to live in. I understand it but 15 years of grinding hurts, you can never get that time and potential experiences back. I wish they had just decided to buy the damn house in a more affordable area.

[@mligon]

You hit the nail on the head. I presume, if not after this episode, that couple will realize they will need to take a leap of faith and shift their investment / spending strategies. They will look back and think, was it all worth it. But at the same time, the past is the past and they still have time to affect their present/future.

[@kelsiuss]

LOVE these videos!! Please continue to do these!

[@blakechalfant-kero2846]

thank you so much for flipping your microphone right side up. I LOVE your content and that was like nails on my eyeball chalkboard for the longest time.

[@embodiedsinger436]

LOVE this video series. While I enjoy the exploration of the emotional context and motivations in the podcast, I love the efficiency and precision of this style of analysis.

[@TravelingNP]

Loved this video format! Do more of these!

[@Bhavanabhardwj33]

Awesome efforts and series Ramit. Insightful. Thank you for sharing this type of content. Kudos to you and your team.

[@MerrilDiniz]

Couple 1 is so inspiring - so much to learn from.

[@krizak4421]

Couple 2 is confusing to me. Not letting their money work for them optimally. A lot of fear around money and dismissiveness about how well they are actually doing. They could cut thier salary in half and still be more than fine if investment income is included.

[@lowlowseesee]

if its confusing that means you havent watched enouh podcast episodes. that couples money psych issue is actually super common

[@pchygrl17]

Nice job, couple #1!! And thank you for your service!! ❤

[@Sia388]

That is a wonderful and informative video. Thanks for sharing. Also kudos to people who have shared their finances and even made a follow-up video - that is awesome. Keep going guys, I wish you luck!

[@summerzhang8209]

Hi Ramit, really enjoy this video! I'm wondering if you would consider making a series teaching young couples in their 20s and 30s how to get a head start in their financial stability and their rich life? Many couples featured in the videos are saving for retirement or are already in their mid 40s and 50s. Although they are very educational, I'm very interested in hearing your advice on how to develop good financial habits as a young couple?

[@michellegreen1072]

1:46 It’s called retired pay and not a pension. It’s not a pension because it’s not a lump sum, plus rules have to be followed to continue to get it. They could have SBP - Survivors Benefit Plan - continue part of payments to each survivor and dependent children. The retired pay is looked at as cash flow like a rental property but no tenants or ACs to fix. It’s a great cashflow. We are about $2k per month away from having our expenses covered from retired pay, disability pay, and interest/dividends. They may also have VA disability pay.

[@thisisfiras]

I would love to see how IWT/CSP could be used on a european. We ususally have a lot lower income but we also have pensions and lower expenses as our taxes cover a lot. Great video as always!

[@Comicallycanadian]

Good stuff man! I have enjoyed your videos. i have turned my financial situation around by about 14k this last year and am constantly learning new skills and mindsets that i enjoy incorporating into my own life! Thank you for all your hard work and advice.

[@gemmahart8775]

Love the structure of this video ❤

[@nomafmaroga6827]

I love your new content. Keep up the good work and blessing us with educational content.

[@guuzzmaann7795]

I absolutely love your content and have just recently started watching and learning, and I am glad I’m starting at the age of 26, but I do wish that you did some content for people that aren’t high earners, and also maybe people in Europe, from my understanding 401k ect are things available in USA; but I have not heard of anything like this in Ireland, which is where I am

[@jvnp834]

I loved the second couple. So focused. Nd working together. So nice. ❤

[@ChantalsBulgingEyebrow]

ah i LOVE these videos

[@anakarinapaulin5872]

Hi Ramit, greetings from Brazil! Thank you so much for sharing all your knowledge and helping us to achieve a richer life. Your videos have been changed the way my husband and I deal with money and sharing the costs and incomes. One question that I have is how should we invest/use an annual bonus? I saw in one of your videos that we should save 70% in investments and the rest divided in other buckets, but I couldn't find the video to find the answer! Again, thank you so much!

[@radio7970]

The couple feedback in CSP #2 is hilarious... they're sooo emo loll

[@springcao]

Love the update part, thank you for the video!

[@MattsGamblingSlots]

3:18 I think the whole studio was starting to shake because Ramit was about to turn Super Saiyan

[@Electricdreams22222]

Loved the pension discussion. Husband and I both have pensions so I always feel confused when it comes to how much I should invest. This definitely gave me a little peek of what I should do.

[@emilsisorganizandote2688]

Love this format. 🎉❤

[@StayCuriouss.s]

Couple 2 has the same anxiety level as me, difference is I don’t even make 50k a year lmao

[@jdp486]

Hi Ramit! Love this style of video. Please consider mentioning factors like inflation and health care when instructing your viewers about the 4% rule. It's shocking to see what 2-3% inflation compounding each year until retirement can due to the budget.

[@BagsNBaguettes_327]

The 2nd couple going for 15 years-wow! hardcore dedication, kudos to them but live a little. Life is way too short. Yea you can buy the house and I liked their thought about moving. A 1M house in NY doesn’t get you much. The last couple-I would definitely pay off that car to eliminate one less payment. Agree on beefing up vacation fund.

[@iamzeman19082]

My biggest takeaway is that wow people are doing fine financially...i keep hearing how half of the country can't come up with a 1k emergency but when you see stuff like this I think most people are really fine

[@ramitsethi]

The median household has a net worth of $193K and over $6K in checking/savings accounts

[@iamzeman19082]

@@ramitsethi that's awesome, much better than what I heard.

[@UNTrumpet]

My takeaway is that I’m not making enough, haven’t saved enough, and don’t have enough for retirement… I work 2 jobs as a freelancer making good money for my area (or so I thought) and have just gotten to the point where I can think about saving for retirement/investing. I’m in my mid 30’s

[@JavierBreijo]

600k subs!!! Congrats to Ramit's team!

[@yaminemalinda]

that's a good one Ramit. It was a bit long, so I've watched it in 2 moments. :)

[@t4health527]

Love these, need more of them

[@Vang4299]

Duuuude Ramit I love these series. My rich life right now is to get my husband to look at this financial transactions. 😢

[@BurghGrrl]

I've been waiting for follow ups! More follow ups please.

[@Edgarunreal-FinanzasPersonales]

Ramit, I really love your content, very inspiring and I learning a lot. So that been said: One thing I want to remark is the median income per capita in the US is $45,000 annual and the household income is $75,000 (typically couples incomes). Would be more interesting, helpful and relatable for most of the people if you share and advice with the CSPs of median incomes. Thank you

[@makeanddohandmade]

Thank you so much for sharing a military family first! It’s really hard to find content that applies to military families with benefits like TSP accounts, pensions, etc. They probley have VA health insurance Ramit! Btw haha

[@makeanddohandmade]

Wow loved their follow up, SO INSPIRATIONAL!! I hope my husband and I end up like them 💗

[@branditurney8281]

Yes, loved seeing something that applies like our situation being ex-military and now government employees with pensions. Would love more content on how to factor in TSP, pension, and social security into saving for retirement.

[@LoretoLala]

My biggest takeaway is that the people who go on this show rarely seem to have real money troubles. I read about how many Americans live paycheck to paycheck, and this show doesn't reflect that at all. The couple that said they are creatives, live in a sh*tty apartment, and feel like hustling all the time seemed to fit the "economic crisis" many middle-class families live in the US, yet they have a million dollars saved...

[@ramitsethi]

Most Americans do not live paycheck to paycheck. The median household has a net worth of $193,000 and thousands of dollars in checking and savings accounts. The "paycheck to paycheck" narrative is one I consistently reference since it's one of those phrases that makes no sense. What does P2P mean? Do you notice how many high earners on this pod claim they live paycheck to paycheck? The conclusion is that the way we feel about money is highly uncorrelated to the amount in the bank.

[@LoretoLala]

@@ramitsethi whoaa incredible, so that narrative is also wrong??? I thought it had to do with reach and those who have access to content like yours, as I also read in the comments a common "have lower income couples on the show". Still, I believe you and your pseudo mantra "the way we feel about money is highly uncorrelated to the amount in the bank"... seems to be true pretty much on every episode. Thank you for answering, I am a big fan, greetings from Germany!

[@user-km3eu3qx3h]

@@LoretoLalaI’ve wondered the same! I think there are people who really do live paycheck to paycheck and you’re probably right that a good number of those probably people don’t watch ramit’s show. I also totally see his point that a lot of the people I know who say they live paycheck to paycheck, generally overspend. One friend I had lived “paycheck to paycheck” and, while she didn’t make a ton of money, a lot of the problem was picking a luxury apartment, getting eyelashes/massages every month, going to see Taylor Swift, etc. I’m assuming that’s what he’s trying to challenge. I also know some people who really struggle career wise and have ended up working lower wage jobs and that limits things. I don’t think Ramit could do much beyond encouraging them to develop new skills, so I’m not sure it’d be as interesting. Overall, though, I totally see your point and have mulled over the same thought

[@tinaishatucker1329]

My husband and I were fortunate enough to be able to pay off our mortgage early. We were both still working, and took the payment amount that we had been using to pay off our mortgage faster and we put it straight into investments. We were able to retire early because of almost 7 years of putting away what would have been our mortgage payment as well as maxing out our 401K/403B plans. Thankfully we were taught by both of our parents the value of living within our means. Thank you for your advice. I know it will help people. we are interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcastwho earned over $650K in less than a year, what's the strategy behind such returns?

[@colonMicheal9]

Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience .If you're new to investing or don't have much time, it's best to get advice from an expert.

[@tinaishatucker1329]

How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

[@tinaishatucker1329]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@swalker9856]

love these videos! next time i would like to see more moderate and low income clients.

[@novemberhou1742]

Loved this format and video!