How To Master Your Money and Live a Rich Life | Ramit Sethi
Finding Mastery with Dr. Michael Gervais
Dr. Michael Gervais
4.6 • 1.8K Ratings
🗓️ 19 April 2023
⏱️ 93 minutes
🧾️ Download transcript
Summary
Why is talking about money so taboo? How does money affect our relationships? What role does psychology play in personal finance? Can you master your money?
Ramit Sethi, a personal finance expert and best-selling author, joins the podcast this week to share his insights on the psychology of money, what living your “rich life” means, and the importance of creating systems to achieve financial success.
Ramit Sethi is an American entrepreneur and self-proclaimed financial adviser. The founder of GrowthLab.com, owner of IWillTeachYouToBeRich.com, and owner and co-founder of PBworks, a commercial wiki website, he’s also the author of a 2009 New York Times bestseller called I Will Teach You to Be Rich.
Ramit’s non-traditional messaging around money and his practical wisdom for generating wealth are now the subject of a new Netflix series entitled How To Get Rich, premiering April 18th, 2023. In it, he teaches that “you can’t live a rich life without taking control over your money,” but with the caveat that you don’t have to cut the luxuries you love in order to do so.
The son of immigrant parents, from a middle-class upbringing, Ramit had to find a way to pay for college himself; this task led him down a path of trial, error and ultimate triumph when it came to lifelong financial strategy. Now with both an undergraduate and master’s degree from Stanford University, he’s helping people around the world learn about the psychology of money; how the perfect spreadsheet isn’t as beneficial as saying YES to a Rich Life.
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Transcript
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| 0:00.0 | with mastery when you truly understand the craftsmanship of whatever art you're in, |
| 0:07.1 | whether it's fitness, food, fashion, whatever. You start to see trends and temporal issues as |
| 0:15.3 | merely blips. Masters do not respond to every day changes in the wind. |
| 0:31.4 | Okay, welcome back or welcome to The Finding Mastery Podcast. I'm your host, |
| 0:35.9 | Dr. Michael Jervé, by trade and training a high-performance psychologist. And I am stoked to sit down |
| 0:41.0 | with Ramit Saiti. Ramit is an American entrepreneur, best-selling author, |
| 0:46.7 | and host of the new Netflix series, How to Get Rich. And he's here to talk about, |
| 0:53.2 | you guessed it, money. We all know that money is a top of commonly |
| 0:58.2 | off-limits for its ability to invoke anxiety or shame and divisive opinions about basic |
| 1:04.9 | management. And Ramit wants to change that. His book, I Will Teach You to Be Rich, |
| 1:11.1 | is a New York Times bestseller in his new Netflix series How to Get Rich, |
| 1:14.8 | turns traditional money advice on its head. And he offers practical wisdom that can empower |
| 1:21.3 | anyone to live what he calls a rich life. No matter their station, their bank account. |
| 1:27.9 | And Rich doesn't necessarily mean what you think it does. This conversation is really |
| 1:34.2 | interesting. Ramit and I dive into the psychology of money and our complex relationship with it. |
| 1:39.7 | We talk about money dials, his framework for thinking about money and finances, |
| 1:44.5 | how visions can inspire us, and why he advocates so strongly for spending on luxuries you love |
| 1:50.4 | while cutting costs and things that you don't. You know, you heard that right. And if you're |
| 1:56.3 | enjoying this podcast and haven't already, just a quick reminder to hit the subscribe or follow |
| 2:01.7 | button. And to drop us a review wherever you're listening, it is the easiest and zero-cost way |
| 2:06.5 | to support the show. So with that, let's find out how to spend only one hour a month on managing |
| 2:11.6 | your finances. With Ramit, safety. Ramit, how are you? I'm doing great. I'm so stoked to have, |
... |
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