4.6 • 3.1K Ratings
🗓️ 27 April 2023
⏱️ 40 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | Have you heard people talking about the hedonic treadmill, the idea that once you start spending money on certain things |
0:06.8 | You're not going to enjoy it anymore and then they usually tell you this so therefore don't get on the hedonic treadmill |
0:12.9 | Don't spend any money if you get a raise bank at all. I don't love that advice. It's just getting people to play small |
0:19.3 | I would rather you have a philosophy or a framework on how to know when you are ready to spend more in my life |
0:28.2 | If you told me remit you can't stay at nice hotels |
0:31.8 | That would actually be very difficult for me because those things are important to me |
0:36.2 | For a lot of people if they own a house and you say you can't afford it anymore |
0:39.9 | You've got a rent or move into an apartment. They would find that incredibly difficult |
0:44.4 | I don't want you to be afraid of the hedonic treadmill and worry about spending money on anything because you're just gonna |
0:49.9 | Get used to it. So don't do it at all. No, I want you to have a more nuanced perspective on money |
0:55.0 | That's why this Saturday on my podcast newsletter. I'm going to share six main areas where once you spend money |
1:01.6 | It's really difficult to go back and my philosophy is to make sure that you are ready |
1:07.5 | To move up the value chain before you ever spend money on these things |
1:11.9 | I set my life up so I would never have to take a step back when it comes to nice hotels |
1:16.6 | I want you to do the same for the important things in your life get on the newsletter at iwt.com slash podcast newsletter |
1:24.2 | I'm only sending this particular newsletter out on Saturday, August 12th after that you will not be able to access it |
1:30.4 | Iwt.com slash podcast newsletter. Do you have |
1:35.0 | Separate accounts we have separate yes, okay. Did you ever have a joint account? Yes |
1:40.8 | When I supported us we had a joint account. I'm gonna check out this conversation |
1:46.7 | Because I've heard this like 10,000 times already just today that's the end of the conversation |
1:51.1 | I'm just tired. It's like I'm mostly draining you fight about money |
1:55.0 | He's been about money and then what ends up happening? I get defensive and then I |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Ramit Sethi, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Ramit Sethi and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.