avatar

The Money Expert: "Do Not Buy A House!" 10 Ways To Make REAL Money: Ramit Sethi

The Diary Of A CEO

7.1M Views . 2023-07-20

In this new episode Steven sits down with personal finance adviser and host of Netflix’s ‘How To Get Rich’. 0:00 Intro 03:05 Why should someone stay and listen to this episode? 04:53 The language of money 06:03 Numbers we should know 09:47 How many people are clear on their rich life 15:40 Why people should think twice about buying a houses 26:00 The S&P500 & investing 37:00 Compound interest calculator 44:20 What are the characteristics of someone that will end up little money 47:44 How do I increase my income? 51:47 Optimising your skill sets 59:11 Should I invest in cypto 01:04:13 Always have 1 year of emergency funds 01:04:52 How much to invest & what you shouldn't question spending money on 01:06:30 Business class flights 01:07:54 Always buy the best 01:08:38 Always spend on these 2 areas 01:11:16 Work only with people you like 01:12:59 don't get caught up in the numbers 01:14:02 Talking about money with a partner 01:29:09 Character traits of people that will never get rich 01:33:18 The last guest's question Follow Ramit: Instagram: https://bit.ly/3Om30Gw Twitter: https://bit.ly/3NXDNAH My new book! 'The 33 Laws Of Business & Life' pre order link: https://smarturl.it/DOACbook Join this channel to get access to perks: https://bit.ly/3Dpmgx5 Follow me:  Instagram: http://bit.ly/3nIkGAZ Twitter: http://bit.ly/3ztHuHm Linkedin: https://bit.ly/41Fl95Q Telegram: http://bit.ly/3nJYxST Sponsors:  Huel: https://g2ul0.app.link/G4RjcdKNKsb Whoop: http://bit.ly/3zNvvop

Ramit Sethi, a financial expert and New York Times bestselling author, discusses the importance of having a clear vision of your 'rich life' and debunks myths about money and investing. He emphasizes that achieving wealth requires the right mindset and perspective towards money.

financial expert
money mindset
wealth creation

  • To become wealthy, you don't need to be a genius, you need to understand key principles and adopt the right mindset.
  • Ramit Sethi, a financial expert and New York Times Bestselling author, challenges common myths about money and provides practical advice on achieving financial success.

Insights from the YouTube Video Critic Text:

1. Challenging the "Earn More" Mantra: The critic highlights that simply earning more money doesn't solve financial problems. Many high earners still struggle with finances, suggesting a need to shift focus from income to spending habits and financial literacy.

2. Debunking Socially Constructed Financial "Needs": The critic mentions the misconception that owning a house is the ultimate sign of success and financial stability. This emphasizes the importance of questioning societal norms and evaluating financial decisions based on individual needs and goals.

3. The Power of Mindset & Philosophy: The critic emphasizes that the right mindset and philosophy towards money are crucial for financial success. This suggests that personal beliefs and

Get the AI Notebook app

Paste YouTube links, then get summary, table of content with high quality AI notes in one click.

Loved by 100k+ users