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Optimal Finance Daily - Financial Independence and Money Advice

2384: The True Cost of a Speeding Ticket by Ramit Sethi of I Will Teach You to Be Rich

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Business, Education, Investing, Self-improvement

4.5 • 1.3K Ratings

🗓️ 21 July 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

Ramit Sethi discusses the true cost of a speeding ticket Episode 2384: The True Cost of a Speeding Ticket by Ramit Sethi of I Will Teach You to Be Rich Ramit wants to use money to say YES. He knew there was a better way to live a rich life—if we could use psychology to focus on what actually works. Not just for personal finance, but all aspects of life: money, careers, relationships, business, fitness, and more. Since then, he's been testing and sharing his findings with the world via I Will Teach You To Be Rich. He's also written a New York Times bestselling book, been profiled in a 6-page Fortune article, and been pictured next to Warren Buffett in Forbes Magazine, as well as been featured by a long list of media, including the Wall Street Journal, ABC News, NPR, Fox Business, PBS, CNBC, and more. He also has tons of documented success stories—more than 20,000. The original post is located here: https://www.iwillteachyoutoberich.com/cost-of-speeding-ticket/  Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

At TFL, we're making journeys safer for everyone, and that includes improving safety on London's

0:06.5

roads. That's why we and London boroughs are lowering more speed limits to 20 miles per hour,

0:12.4

because 20 miles per hour roads have already reduced collisions resulting in deaths or

0:16.8

serious injuries by 24%. That is how we're making journeys in London safer and brighter for everyone.

0:24.8

Such TFL improvement plan to the Mayor of London and TFL every journey matters.

0:30.6

This is Optimal Finance Daily, Episode 2384, the true cost of a speeding ticket

0:37.2

by Remete Saiti of I Will Teach You To Be Rich.com, and I'm your host and personal finance

0:42.9

enthusiast, Diana Mariam. Thank you so much for joining today and every day. This is the podcast

0:49.0

that brings you some of the world's best content covering personal finance,

0:52.8

70s a week, including holidays. And now let's jump into another post and start optimizing your life.

1:04.0

The true cost of a speeding ticket by Remete Saiti of I Will Teach You To Be Rich.com

1:11.2

Thousands of motorists view speed limits as more of a suggestion and not an actual law,

1:16.6

but driving just a few miles over can lead to a loss of money, driving privileges, and even human

1:21.8

life. In 2018, the National Highway Traffic Safety Administration reported 9378 driver fatalities

1:31.4

due to speeding-related accidents. The act of speeding doesn't just carry with it the potential

1:37.2

for catastrophe. Being pulled over for exceeding the speed limit carries hefty monetary fines,

1:43.2

depending on the state, and will mean a substantial increase in your current insurance rates.

1:48.4

The true cost of a speeding ticket goes beyond a monetary figure.

1:52.7

Today, we'll consider the following factors before revving up your engine on the open road.

1:58.7

The average cost of a speeding ticket, cost by state, cost by speed, cost of points to your

2:04.9

license, other expensive traffic violations, and the biggest cost of all. The average cost of a

2:12.8

speeding ticket. The average cost of a speeding ticket in the US is $150. Depending on how

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