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

The Diary Of A CEO

7.7M 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, discusses how to achieve financial success and debunks common myths surrounding money. He emphasizes that becoming wealthy requires a shift in mindset and a focus on the right financial strategies.

Financial Success
Mindset
Financial Strategies

  • To become wealthy, you don't need to be a genius, just follow a few key principles.
  • Financial expert Ramit Sethi emphasizes that everyone can achieve a rich life regardless of their background or current income.

Insights from the YouTube Video Review:

1. Is Financial Freedom Just About Earning More?

The reviewer highlights the common misconception that increased income automatically translates to financial freedom. This sentiment is exemplified by the statistic that 25% of people earning over $100,000 annually still live paycheck to paycheck. The video suggests that focusing on spending habits, investment strategies, and challenging societal expectations about wealth is crucial for achieving financial independence.

2. The Power of Perspective in Building Wealth

The reviewer emphasizes that a shift in mindset about money can be transformative. This includes adopting a more informed perspective about spending, investing, and defining what constitutes a “rich life”. By questioning societal norms and challenging limiting

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