This Is the Most Important Financial Advice You Need to Hear Right Now | Ramit Sethi

[@ashikalanser9033]

I’ve been listening to Ramit daily for four weeks, and interestingly, it’s built my confidence and I’m having an easier time asking for what I need and setting boundaries. And I wake up thinking about money and I smile! Huge game changers for me. Thank you Tom and Ramit!

[@WilliamJonesChess]

Key Points 29:00 Tom says "It doesn't matter what you look at, it matters what you see" Here is a similar one: "When you change the way you look at things, the things you look at change" 29:48 Ask yourself "What would you love failing at?" "The success is not guaranteed. The struggle is". I really liked it when Tom said this because it reminded me of his course Mindset 101 on Impact Theory University. He said exactly the same thing there 30:20 People are going to win in this time. There will be people who come out of this huge. Example: Zoom 32:45 Brilliant exercise from Ramit: write on one piece of paper all the reasons things will not work. Another piece of paper: write all the reasons it will work. Then you get to choose which paper to read. Tear up the other one. Wow. This was insightful.

[@deepakchaurasia263]

@William are you subscribed to Tom's Course?

[@WilliamJonesChess]

@@deepakchaurasia263 It was free 2 months ago. Tom mentioned it in his weekly impact theory newsletter. He gave away parts 1,2,3 of Mindset course for free.

[@deepakchaurasia263]

@@WilliamJonesChess missed it 😕

[@user-qc8vj3vp9v]

Love, love, love Ramit Sethi - very smart and common-sense guy. Ramit's parents did an excellent job and should be very proud of him. Way to go Ramit ~ from a Jamaican half Indian Punjabi~ way to go Ramit!!🕺🏽👍🏼👏🤗❤💚💙💜❤🧡💛

[@MarcusFred-wn3iv]

Well that would be impossible to do considering I'm in my late 50s and I'm more interested in investments that could set me up for retirement in my 60s, my goal is at least $2million.

[@MarcusFred-wn3iv]

@@DavidAntony-gq7id Very true, If you're looking for help building a retirement nest egg, you most likely want a certified financial planner with expertise in retirement planning. With the aid of a coach, I grew my reserve from $160k to almost $600k during this Red season.

[@MarcusFred-wn3iv]

@@DavidAntony-gq7id KRISTIN GAIL CUNNINGHAM. On the internet, that’s the financial advisor I use. She’s verified; you could also read more about her and then communicate with her. it’s always good to do your research before putting your money into any investment.

[@Evelyn32423]

I’m mostly in cash and waiting for this market to re-level on the reality of our situation. Or are there any ways I can avoid a crunch and maximize my savings of $550k? I know election years are positive for the stock market about 90% of the time.

[@Annie56427]

The issue is most people have the “I want to do it myself mentality” but not equipped for a crash. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 300%, summing up nearly $1m, since covid outbreak to date.

[@Hudson367]

great gains there! mind sharing details of your advisor pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help build wealth over time

[@Hazel5063]

Who is this individual guiding you? I lost over $9000 just last week, I’m in dire need for a financial-planner.

[@Hudson367]

I work with an FA named. Aileen Gertrude Tippy Her honest approach gives me complete ownership and control over my position, and her rates are incredibly affordable given my ROI. You should check her out.

[@Hazel5063]

Thank you for this. I'm gonna check her out and try to reach her. I hope she gets back to me.

[@sabtsmith]

So many nuggets of wisdom...I love the financial advice and the dialogue on perceived failure/imposter syndrome. "Your mind will operate from a place of safety. Not excellence." 💣💣

[@greatbritishpippa8854]

🇬🇧 I cannot wish for two better people to spend an intelligent hour with - my brain sighs a grateful....aaahh 🙏🏼🙌🏼

[@mindhive625]

This is not a quarantine. It's a retreat. An inward journey. Hear the call to action. You will triumph and you will be transformed

[@ashleywyatt7114]

Exactly! We're so use to our regular routine which might not be the most fulfilling for our souls. Everyone should look at this as an opportunity to really get in touch with who they really are what is it that really makes them happy. 🖤

[@victoriaholden7774]

So true!

[@YogawithAliBeale]

I have been thriving part of me doesn't want it to end! I immediately end into redefining myself and can't go back to the old me.

[@mindhive625]

@@ashleywyatt7114 Well said

[@ghill3337]

I totally agree! Been exercising hard every day. Getting ripped!! It's the pause button for transformation I've always wished for.

[@raniavassiliou9909]

Dear Tom, thank you for all this real, raw, down to the ground, ACTUALLY helpful and inspiring content! I discovered you and Lisa a few months ago, 2 years into terrible ruin... and i have to say you guys have been the “turning point” for me on so many fronts. Your respect and real thoughtfulness for others, in real life, practical terms, are deeply moving and motivating, as in : get up and DO IT ‘cos only you can. Thank you seems “short” of the mark... wish i could do something for you guys in turn .... Much love to you both from Greece!

[@PH1M0]

“Most people’s mind operate from a position of safety not excellence.” Use something like a briefcase technique to showcase your excellence, and go on the offensive, instead of playing desperation defense. 👏

[@gunsarmory]

In the middle of a pandemic my wife just negotiated a pay raise for her and all of her managers underneath her. She set it up right, she knew what she was looking for and had the backing to prove it. It's entirely possible people . You got to be valuable absolutely hard-working and do your due diligence before hand.

[@maikaimakena9424]

Tom your story is so DOPE. I didn’t realize how you went so LEAN on expenses much RESPECT ✊ BRO. 🙌🙌🙌

[@tigerrx7]

I’m not a manager nor am I the leader of a large team, but the advice I give to my colleagues who are scared to take opportunities and look for jobs is that it is a MARKETING AND SALES pitch. You already have the skills in the space, show employers how those skills will make them better. And that’s the briefcase scenario.

[@joselinnesoto543]

During this covid I took the chance of starting a channel. I use to say I never had time, well thats no longer an excuse! Its time to move and not get frozen by this setback!

[@francoiswilliams]

Cool

[@timesworth900]

I've subscribed 😉, supporting another YT Nuubie.

[@thecrazyandthewild]

Great!!!!!

[@francoiswilliams]

@@timesworth900 Really?

[@nauxsi]

The only thing stopping people is discipline.

[@jaxx-inspiregrowcreate2862]

When you don't have to worry about money, life becomes a whole lot easier

[@jessicalang4682]

Jaxx - Inspire Grow Create I can’t agree more👍

[@jaxx-inspiregrowcreate2862]

@Mr. E That's beautiful!

[@nullsker]

When you realize how little of it you need to live. Life gets easier

[@jaxx-inspiregrowcreate2862]

@@nullsker agreed ☑️

[@aadith007]

Reading and listening to Robert Kiyosaki, Mike Malloney, Tim Ferriss, Nassim Nicholas Taleb, Mr. Moneymustache, Ramit, and Mark spitsnagel has helped me a lot in terms of becoming a contrarian in money matters.

[@soniamichelle2393]

He's a absolutely correct on preparing a 90 day plan for the role you're interviewing for. At the very least a great idea is to have a resume addendum. This is basically details on your past accomplishments that you bring to the interview to refer to. The interviewer will ask for a copy when they see it. Take notes and ask intelligent questions.

[@kashthekreative]

This is so true! I started a YT Channel and focused more on my brand this Lockdown!I’m really greatful that I faced the fear!I really Enjoyed this interview

[@austinbaltes4798]

Really appreciate the advice on putting cash aside. All the advice I’ve gotten and bought into is that you want as little money in cash as possible (because of higher returns elsewhere), but this makes a lot of sense

[@matthewjosiah]

This should be an opportunity for us to get serious about money - thanks gentlemen!

[@fablah666]

Great way to start my day! thanks for the interview and the advice. It's not the event; It's what you do in an event that makes you or breaks you...Let's do this!!

[@mentalityofmindset]

I really messed my finances up staying with a former employer after my bankruptcy. So as people began to reach out to me for money, I sent them a copy of a book that really helped me. Some books are even doing this for free digitally. Talk about marketing!

[@blisswkc3344]

Thank y'all so much dearest 🌹 Y'all such an inspiration 🥰 Appreciate y'all from the bottom of my heart 💖 Be Blissful Eternally 🙏👼🌈

[@willgrantresults]

No joke I called landlord last two months just asking for some “relief” and we had no rent past two months! Love this! Thank guys!

[@nauxsi]

Many landlords are understanding of the situation.

[@JennHayden]

no rent? or deferred rent?

[@Island_man]

If you can pay just pay most of these landlords are in the same situation and that is their source of income.

[@Clovissia-leKanto]

I really enjoyed this session. Thanks from France 👏🏾

[@ashleynoelle7429]

All he’s saying is connect with your bill collectors. But understand that no landlord is going to wave your rent without you paying it back so be very clear about this payback plan.

[@MzBettyBooop]

This was what I needed today! After hitting a brick wall for months of searching for answers. I could huge you both, thank you!

[@drelenashirleydvmcvama8517]

One thought on unemployment: this is your own money, which has been withheld from paychecks for all the years prior to this event. There is no shame in using your own savings, in the form of government set aside from the money you earned previously

[@yaritzal6360]

I agree with you in people setting their pride aside and not feeling shame in claiming unemployment. At the least, we're experiencing temporarily what other people experience on a more regular basis. This situation is trying to teach us to be compassionate and understanding of others' situation. That said, I just want to make a correction on your statement. Employees don't pay towards unemployment insurance (UI), companies do. It's an "insurance" fund, funded by employers. The % they pay is based on their payroll $. Companies who have the highest layoffs (i.e. not-so-good companies who treat their employees as dispensable) are "punished" with a higher UI % rate. They have a higher chance of having unemployment claims filed by their laid-off employees, so the reason for the raise in % they pay. Employees pay zero towards UI. Employers pay it all.

[@contrerasmcr100]

@@yaritzal6360 u r a beast.....

[@korban007]

Really compressed audio for some reason Tom. I miss your real voice. Thanks for continuing to give us value and what you do. Please encourage your crew to experiment with different audio/streaming solutions. Know Rich Roll did a show with Zach Bush and mentioned he apologized for not having a real time interaction because of the delay as Zach was in Austria. It still sounded like a high quality production and hardly noticed a delay being it was webcasted. Made me think about a software like Vizzywig that does support a portal connect and quality may be compromised during the live stream. But when you play it back it’s like there is no compromise in quality including the video stream. Be like a two camera shoot in the studio. Don’t quote me on this software but seem to remember it offering these impressive features. Good news on Diamond Comics as they going to kick back up on May 20th. Look forward to getting your next comic. Lost my job as a event production technician(run camera, audio, set up lights and sort in a corporate environment)and been shifting gears like crazy as know it’s a fragile and a lot of things have to be healthy so I can actually work. I didn’t want the government payout even though was more than minimum wage. Regardless felt the right thing to do to keep going at it. Working at Amazon and been selling items on the side as that was my side hustle before this happened but it’s been going decently. I often see your Quest Cookies, Bars while working at Amazon. My creative gears been turning like crazy. Putting ideas and reading books how to start my own food item to offer to the market. I have this great idea as listen to so many podcasts like yours that the ideas of health keep coming back up over and over. Want to take them all and incorporate them into the foods I make. Have some crazy combinations in offers and the holes in the market as what is not offered especially in the ingredients department. Similar to say the guy who made Primal Foods brand. He started much later in his life. Inspired by him and your own brand. Hope all is well with you and Lisa. Be fucking legendary Tom.

[@leannechu5954]

So grateful this is out here for everyone to see in such trying times. Thank you to everyone who put this together!

[@leannechu5954]

I already feel so much less stressed calculating how much I need for my emergency fund, knowing it's a certain (and attainable) figure rather than an unknown one.

[@cherryontop1137]

My husband and I got married at the very end of January (we were initially going to wait until May. So happy we didn't!) We simply took our immediate family down to the courthouse. We got catering from our favorite restaurant down the street. We had the reception at our house, which I decorated with tons and tons of flowers I purchased at Produce Junction. All in all, the total of the wedding including the cost of my dress (which was elegant enough to wear then, but can be worn again when the world gets back to some semblance of normalcy) was approx. $600. Remember, the wedding is about YOU, your SPOUSE, and your LOVE. It is not about impressing other people. The average American wedding is something like $30,000.

[@Tabzunderground]

The conversation here, just got me amped up for real...!

[@user-qc8vj3vp9v]

I also love you Tom, you are a very smart and intelligent man. Your advice should be followed with discipline and looking long-term. Keep up the excellent job you are doing!!👍🏼👏🤗❤💙💚💛🧡❤🕺🏽

[@ohappydayofficial8110]

Thank you for paying more about financial freedom 🙏🏽

[@CreateGreg]

Practical advices on the next level! 👏Thanks fro that! 👍

[@marionhopfgartner1423]

Such an awesome video!!! GREAT support!!!! Thanks Tom and Ramit

[@ryanalanmelchione9790]

My favorite financial guru

[@desireedelunae]

I love love love your show. I have one suggestion ~ upgrade your microphone Tom. Just $100 can get you a really great quality mic to plug into your laptop. Poor sound from host is distracting. Just a loving suggestion 😉

[@nancifarella5274]

Thank you for such a real discussion! And thank you for all the work/content you and Lisa provide!

[@haseozenithmaru1186]

Thanks for that information!

[@lonutifrim2750]

This is quite intreating and informative,, Visualize your goals, make it achievable, A million dollar or pounds is not a lot in terms of todays fiat currency but at least make it your minimum short term goal, crypto is one of the fast rising and best thing to invest in now, then see how ecstatic you will be in due time or future.

[@King_jacky]

Exactly my taught, just use some $ $ and invest in crypto currency than buying some crab you won't use or value, Your future self will thank you and bitcoin is becoming the future value despite the fluctuations.

[@siegelmc9061]

sounds good but will recommend anyone going Into any crypto currency investment to do a bar ground check up to ensure his investing in a solid foundation source, An alternative, seek guidance from some pro trader's and more to avoid loses of funds.

[@cxaservices8376]

Hello I keep losing trying to invest with some online KZbin trader's but I'm still Trading to improve my techniques, I just need a better source to invest and earn, any recommendations please?

[@siegelmc9061]

In all my years of trading's and research the most valuable insight was getting in touch with a pro trader Briggs Donald, and ever since I started investing with him have been making cool profits like never before, will recommend him as one of the best trader due to my experience with him, A trial will definitely prove.

[@siegelmc9061]

feel free to reach him via mail @,, His Fb page @,,,,, Briggs Donald

[@GHoodBuddha222]

Needed this. Your show always uplifts me

[@robertsabraham7612]

Tom is a genius 👏 I want my kids to take his mindset and not get turned away due to the cussing. But this is a must watch episode

[@tobyreynolds869]

I love your show, Tom. And so glad you had Ramit on again.

[@oliviasummers9512]

Big thank you so much for sharing

[@RebelThoughtss]

jesuuuuss, as he was talking about the briefcase technic, I caught myself breathing so heavy, like I just run 100miles. that shit hits men. and that what imma do. thank you

[@KB_theauthentic]

I needed to hear this today - thank you.

[@atitasho]

I needed to hear this that way. Thank You!!!!!!!

[@moonbear1st]

cool interview the guy is so awake and driven

[@kyholly]

Sound advice from both of you. Inspirational! God bless and stay well.

[@408glife]

Such an awesome video. I already subscribed to amit and Googled breif case technique. Mg living situation is terrible and has inspired me to test the deep ends of the waters. I look forward to your next video.

[@orlandomarrero8098]

Thanks for the video.

[@mindoverpose]

Loving Ramit's realness vibes 'People are asking me oh Ramit should I change my savings account....WHY ARE YOU ASKING ME THIS' hahahahaha thanks for reminding me that I can totally be myself!

[@Hellokitty7163]

Love both you guys who have changed my life. Tom the sound is not so good. Maybe a mike would help ?

[@edixasanchezpacheco3692]

When your bank charges you an overdraft fee of tell them to return your money. The money you spend is the energy you applied out of your life to make it; those hours out your life that took you to make that money, nobody is giving it back to you. So don’t let banks rob your money, you have to take charge. They will refund your money special that the media is available to the general public, so they don’t want bad publicity.

[@predictedsuccess6112]

This is actually very good advice.

[@creatin8141]

Yes, very.

[@sansebastian6634]

I agree

[@heyphilphil]

Ya more like $5 bucks for your average 'bucks visit. Cutting that is like over $1800 a year. That's a flight to London. Or investing that....will change your life.

[@higherleveltennis5722]

Or even $6 with tax, I love how he says at the beginning "I've done the math". Is he just hoping people dont have basic math skills?

[@lolwtnick4362]

i know right? someone should just get ice chips and water. soo much money is wasted on food!!! Lol

[@HealingThroughInspiration]

or 7 bucks or more coming from someone who use to work there...

[@jacquelineparks257]

1800 / 6 = 300. Who on earth buys coffee from any place that often? That in itself shows a lack of financial intelligence.

[@vg7985]

Who's going to...bucks every day? Their $7 coffee also has enough calories to replace steak dinner. If I would give up my Starbucks visits, I would save like $30/year what I would spend on other frivolous thing anyway. Why nobody is advising to save on beer, cocktails or driving? Or skip DD? Watching useless sports at expensive stadiums? Why everybody's advice is to skip bucks or iPhone? Why not French fries and barbecue?

[@ReggSess]

So what I hear is 1. save money by delaying payments and worry about investing later 2. make more money by starting a business 3. Control your mindset 4. Job market is not in a employee's favor

[@primadonna82]

Totally agree with immigrant parents doing whatever it takes with no shame to help their kids thrive. About Tom having to move into mother in law's house, it only is good if you're willing to move out after you're on your feet. Since Tom is fiercely independent, it was a good move for him. However, I've seen people (ahem, brother in law) completely take over my in law's house, get some chick pregnant, and mooch off of parents with free childcare and rent with no shame.

[@GodSaveTheClothes]

Wow! That was excellent!

[@andrewnoyes9456]

I am a mother and a grandmother and I am learning and understanding more and more that this virus is manageable... And doctors are speaking out about this and jmhow they are treating this virus and watch what is being done with people are trying to ask questions and figure this out. I think people need to ask more questions about this whole thing!!?!? Why are doctors trying to speak out .. I have a son I n college... And this is out of hand....

[@Vera-dc4js]

I love what you said about ... Again and again and again

[@troyreed5527]

Thanks Tom! Another great one man

[@ChuongNguyen-lt3zs]

Thank you for your sharing. I love it

[@yellowdoortalks]

Excited to hear from Ramit!

[@abc_cba]

Who else is having trouble after the comments section has been moved by KZbin ? It's been a decade of that interface and it's really difficult to adjust this ridiculous UI.

[@Briae]

I have never been more irritated in my entire life

[@FerventReminder]

@@Briae Did someone say 'first world problems'?

[@quickgirl80]

I watch KZbin everyday & l’m still not used to it.

[@naokisonoda-hq]

Thank you for this!

[@fliskography9378]

Trying to figure out my own networking, trajectory and key audience for my commission. I am signed up to be a brand ambassador and trying to make money! Living off of hundreds of dollars at a time is hard, not a life i want to be used to. Living off the government is NOT my DREAM. So i'm trying to do what i can with my capabilities and with little effort as key because i struggle with a disability but it don't stop me. it's just a reality i have to live a different way than most.

[@FalloutBreakbeat]

Excellent talk, and gotta respect Tom for the Elon t-shirt!

[@charletfoster8917]

Best life advice ever👏🏿👏🏿👍🏿👊🏿💪🏿🙌🏿

[@sl33per1]

Why couldn't you store your emergency fund in a stock account? Depending on your stock pick, such as an index fund, you could use it as a savings account.

[@rammul7801]

This's is the kind of guests we need right now. People who give practical advice, and not necessarily financial. Not like that Hawaiian guy billionaire who just keeps on regurgitating his same patronizing condescending speech.

[@thecrazyandthewild]

Nice t-shirt, Tom. When Elon Musk in Impact theory?

[@pujank16]

Tom you CAN put your message across without swearing so much. Thankyou Rameet for not feeling the need to swear. This along with other content impact theory comes up with are brilliant. But younger audience would equally benefit from listening to it, if only Tom didn't feel the need to swear so much evreytime when he interviews someone.

[@prisk64]

I think you should not take it personall. I like it myself because it makes him feel more real

[@chrisfiacco7173]

I have never seen this, Ramit is wearing a headset with TWO earphones!

[@victor1kojic]

Please interview Mike Shinoda!

[@angelarondinella6554]

I love Ramit, but I picked up that heavy phone and asked the credit card companies for a lower rate. Guess what? The answer was NO. Even after they thanked me for being a long time customer in good standing. This is so wrong especially during this time where I lost my job yet still trying to do the right thing.

[@alexanderberhane436]

I love the concept of CEO.

[@digitt2]

Noha didn't wait for it to start raining before he started to build the ark but I have noticed a lot more people doing a little Financial remodeling projects, just saying it might be a little late for that.

[@TheJoshheart90]

So if I do not have, at least 6 months of savings, should I stop putting into my company’s 401k with match and build onto my savings????

[@carlosbecerra4189]

Thank you!!

[@michaelpaul4854]

Just great!

[@lucschoonen4082]

I wonder what the opposit result of the rat study would be, force a rat to lose, would it be more likely to lose its next battle?

[@easy9470]

Good talk but didn't hear much about the E in CEO

[@InFaMouSxKP]

Great message! 💯 I gotta ask Tom, is Apple paying you to use your airpods for a mic on your show?

[@mikebrophy2583]

The audio is horrible. The guest is more clear than the interviewer

[@billbryant6156]

What if I was one of the first waves to apply for unemployment and 10 weeks later nothing! I’m in hospitality I was told it was there to protect us but I’m hung out to dry! I can’t get through the unemployment office.

[@carinebadran5728]

Great vid! Which software do you use to record these?

[@jgovea007]

5:39 the CEO strategy-

[@alexisheard5585]

Listened

[@markkneer4342]

This is the main problem with KZbin. Everybody can called themselves a Guru.

[@marcodimaio1126]

ONE 👍🏻 EACH!!! 🇮🇹🇦🇺

[@apple8971]

Lots of great advice here! Things we know but need to hear smh. Thanks again for a great interview Tom!

[@Squigglydodah]

Hd cameras and am radio level aound. Strange mix

[@avidya8809]

i believe they are working on it. got a new mic for the future stuff

[@christophergarcia273]

Thats hard !!!! .. i like that..... what would i love failing at...

[@debnn4854]

In the zone :)

[@gayaniilleperuma8670]

#tombilyeu good stuff as usual...please think of improving sound quality at your end ( not a complain but a suggestion )

[@SenorJuan2023]

Tom, where did you get that Occupy Mars tee shirt? I want one!

[@vottekmaxle6196]

Is Ramit the face of "Improvement Pill"?

[@mauisaus1]

Did I miss the EARN MORE portion? Did he give any ideas about how to earn money in this time?

[@janisannjensen]

Can’t hear you