798 Spend With Joy with Ramit Sethi

The School of Greatness

Lewis Howes

Mindset, Relationships, Entrepreneurship, Mental Health, Education, Greatness, Fitness, Celebrity, Health, Inspiration, Success, Health & Fitness, Self-improvement, Business, Money, Self Care, Celebrity Interview

4.8 • 22K Ratings

🗓️ 17 May 2019

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

SPEND ON THE THINGS YOU LOVE. We all have an area of life we love spending money on. For me, it’s relationships. For you, it could be travel, food, wellness or something else. This is called your “money dial.” Once you figure out your money dial, you can spend intentionally on that rather than spending lots of money on everything. For this Five Minute Friday, I revisited a conversation I had with Ramit Sethi where he shared about his concept of “money dials” and how to spend money on the things that bring you joy. Ramit says that we should cut back spending on things we don’t care about but spend without apology on the area that makes us the happiest. We can also stop judging other people for having different money dials than us. Learn how to identify your money dial and how it can take your life to the next level in Episode 798. In This Episode You Will Learn: About the different “money dials” people have (1:40) The most common “money dial” (2:03) Ramit’s personal “money dial” (2:56) What you should cut back spending on (4:18) Follow me on: Instagram @LewisHowes Twitter @LewisHowes Facebook @LewisHowes

Transcript

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0:00.0	This is five minute Friday!
0:05.4	We got my man, Ramit Saddi on who is a New York Times bestselling author of the book
0:15.0	on personal finance called I Will Teach You To Be Rich and the founder of growthlab.com.
0:21.0	He's also got the site I Will Teach You To Be Rich.com which his information helped me
0:26.5	get out of debt many years ago when I read his book.
0:29.7	He's been a good friend of mine for about ten years and just has some incredible times
0:34.1	with him.
0:39.3	What you just said is extremely revealing.
0:42.0	Your money that I would be willing to bet is relationships.
0:44.9	Oh yeah.
0:45.9	So I have a friend, Nick Gray.
0:47.5	Nick Gray loves hosting people at his house.
0:50.3	Every day he's trying a different party.
0:52.7	He's testing stuff.
0:53.7	He invites people over.
0:54.7	He's got kinds of crazy stuff.
0:55.9	He loves relationships.
0:57.1	That's his money dial.
0:58.2	And a money dial, the reason I say it's a dial is you start off, you know, maybe you
1:02.9	have a couple people out to dinner and you, as you start to get more money and more success,
1:07.3	you turn that dial until you are totally dialed in.
1:10.4	You have the perfect appetizer.
	...

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