470 - Ramit Sethi: Are You Building The Skills & Habits to Live a Rich Life? (Part 2)

The James Altucher Show

James Altucher

Education, Business

4.6 • 2.7K Ratings

🗓️ 11 July 2019

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ramit Sethi's is the only person who will tell you exactly how to improve your behavior about money. He's direct. No BS. He's very honest about "the one thing you have to focus on to become a millionaire." You'll learn that in this episode. You'll also hear our heated debates about when and HOW to stop paying your credit card debt, what makes your 401K a (potential) scam, how to get rid of your financial stress, who should invest in crypto. And more. - Also check out part 1. You'll learn how to stop having so much fear around money. So you can embrace the possibility and opportunities you have to make and spend money in a way that actually makes you feel like you're living. I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast. Thanks so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts: Apple Podcasts Stitcher iHeart Radio Spotify Follow me on Social Media: YouTube Twitter Facebook Linkedin Instagram ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This isn't your average business podcast and he's not your average host.
0:06.4	This is the James Altiger Show on the Choose Yourself Network.
0:10.4	Today on the James Altiger Show.
0:15.8	People need to understand that like how people make money, especially at higher levels,
0:21.1	is often very non-obvious.
0:23.2	No, but that's a great point.
0:25.0	What you describe here, I think, is the best possible investment strategy and will make
0:29.4	your rich.
0:30.4	Okay, exactly.
0:31.4	So, I get this question as I'm going on a book tour now.
0:33.3	How do I do better than average?
0:34.8	And I just want to take a second on this because in America being average sucks.
0:39.4	You never want to have average grades, especially not if you're Indian like me.
0:42.8	You never want to have an average relationship, but in investing, average is awesome.
0:50.5	In fact, if you get an average return of roughly 8% a year in the stock market as history
0:55.8	has shown us, that's really good.
0:58.4	You can make a million dollars.
1:00.5	It's just math.
1:01.5	You can go to bank rate, their calculator, plug it in right now.
1:04.1	If you just get 8%, all you have to do is be disciplined about not taking your money
1:09.2	out when things go down, and you only have to really focus on one thing.
1:12.8	Put as much as you possibly can into it everyone.
	...

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