Click here to download your FREE guide to 100x YOUR EFFICIENCY IN 10 EASY STEPS: 🤍bit.ly/3F8qOJL Build IRONCLAD discipline in this FREE workshop: 🤍bit.ly/3RUnYux On Today's Episode: There are lies about money that you believe to be true right now that are dictating so many aspects about the way you live and the relationships you have. When was the last time you stopped to think about your money beliefs? If you’re like most people, chances are you’ve never given it so much as a thought and you’ve been working, earning, and managing (or mismanaging) money for years. Ramit Sethi is a personal finance expert that’s been teaching millions of people how to be rich and live a rich life. In this conversation he doubles down on the need to understand money, and learn how to keep your investments simple. There is no room for your emotions when investing your money and building wealth, and it’s a truth most people need to hear several times. Some basic money ideas you can take away from this episode with Ramit is that investing doesn’t have to be complicated and you don’t need to buy a house to build wealth. You can get wealthy with investing, but it’s going to take time. Simplicity - simplify your investments and manage your risk Check Out Ramit’s last interview on Impact Theory: 🤍youtu.be/uSgY_PxL_Zo Order Ramit Sethi’s book, I Will Teach You To Be Rich: 🤍amzn.to/2VmKbKk QUOTES: “The problem with money is that we’re told all these things and because we don’t really understand how it works we just accept it.” [1:02] “By the time people turn forty the number one thing they’re worried about is money, and yet the vast majority of people have never read a single book on personal finance.” [2:15] “If you want to become confident with money you have to be competent.” [2:56] “What savvy investors do is they do not try to make individual bets. In their portfolio they just acknowledge, ‘I have no idea’…” [10:39] “People’s thinking calcifies into dogma, and so they think they got it, they think they’ve got everything figured out.” [14:12] Tom Bilyeu “There are a lot of simple ways that you can make a lot of money, it just takes time.” [28:52] “Saving money is really important, but spending money is also important.” [59:55] Follow Ramit Sethi: Website: 🤍🤍iwillteachyoutoberich.com/ Podcast: 🤍🤍iwillteachyoutoberich.com/podcast/ Facebook: 🤍🤍facebook.com/IWT/ Instagram: 🤍🤍instagram.com/ramit/ Twitter: 🤍twitter.com/ramit
So good episode! I felt hit. Overconfident, crypto and greed. Should only held to my index funds.
<<<To my understanding this just proves how much we need an edged as an investors because playing the market like everyone else just isn’t good enough. I’ve been quite ensured about investing in this current market and at the same time I feel it’s the best time to get started on the market,what are your thoughts?!>>>
These two talking about all these poor millionaires is hilarious ,it confirms everything I thought I knew about money ...
Sickening to watch yuppies like these promoting the pursuit of millionaire ship....kids are dying in there tens of thousands because narcissists like these focus on money as a noble pursuit. Piss off.
An amazingly valuable conversation between a realist and a dreamer. Thank you so much for this, much neeeded.
The stock market is and has always been the best place to make substantial income. Which is why I still find myself pumping funds into the Stock market and trading aggressively, Away from all the distractions around. I still make profits from my investments, made $260,000 last year.
This guy has no clue about real estate investing. Real estate investing is a long term game that is a great leverage way to make money on an appreciating asset that depreciations every year for tax benefit. I have zero money invested in my rental properties. I make money on other peoples money. OPM!! That’s where leverage makes you passive monthly income that can be reinvested to create wealth. By hold and generational wealth is in real estate.
What’s the best personal finance book?
Tom looks a little depressed, doesn't he? I believe he should get himself a nice young supportive fertile sexy girl and start a family (I know this is an unpopular opinion but It has to be said)
The more I listen to this interview my gut is not happy with his approach. My intuition is he is dragging it out with his clients. When the order should be where are you at today, how did you get here and where are we going now. At that point you don’t have to micro it all down. Just needs to be straight talk, and to organize a set time, day and place to talk to establish the reps of making finance a part of life. Paired with applied exercises.
I’d there is no set point and plan then there is too much fluff and less progress.
Too bad the comment section is full of these long elaborate spam threads. Not that I think any non bot falls for them but still they take the fun out of reading comments....
Yzvg0pWez2M&t=4m39s 4:39 money 💵 is energy 🔋
I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs. Katherine Haley
What's wrong with RobinHood?..
Buy xrp, wait 5-10 years, will be the greatest investment you could ever make