4.8 • 1.7K Ratings
🗓️ 17 February 2023
⏱️ 51 minutes
🧾️ Download transcript
On today’s episode of the Financial Independence Podcast, I welcome back Ramit Sethi from I Will Teach You to Be Rich!
I needed someone to come on the show to provide some tough love and Ramit was the only person for the job.
As Ramit mentioned during our last interview, FIRE people are great at knowing what NOT to spend on but we’re not good at knowing what to spend on.
Spending is going to be a big focus on the Mad Fientist this year and I can’t think of a better way to kick off this discussion than by getting yelled at by Ramit so hope you enjoy it!
Highlights
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0:00.0 | Hey, what's up everybody, welcome to the Financial Independence Podcast, the podcast that |
0:09.4 | gets inside the brains of some of the best and brightest and personal finance to find |
0:12.6 | out how they achieved financial independence. |
0:15.3 | On today's show, I'm super excited to welcome back one of the most popular past guests, |
0:19.7 | and it is Ramit Sethi from I will teach you to be rich.com. |
0:23.7 | And Ramit came on the show about three years ago, and it was hilarious, and I knew that |
0:29.4 | he was the only man for this discussion, and this is something that I'm going to be focusing |
0:33.4 | on a lot this year, I think, because I see this as a big problem in the fire community, |
0:39.2 | and it's definitely a big problem with me personally. |
0:41.7 | And it's the fact that when people are so good at saving, they're not usually as good |
0:47.2 | at spending. |
0:48.4 | And I've hung out with many multi-millionaires that act like broke college students, and |
0:54.6 | if you aren't able to relax and enjoy your money after you achieve fire, I don't really |
0:59.7 | know when you can, and this is something I'm personally trying to work on, and I've |
1:03.8 | been trying to work on for the past few years, but I knew Ramit would be the person to |
1:08.8 | give the tough love that I need, and I know a lot of other people out there probably need |
1:12.8 | as well. |
1:13.8 | So, I'm thrilled to have him back, and I know this is going to be a really fun conversation, |
1:17.6 | so without further delay, Ramit, thank you so much for coming back onto the show. |
1:21.6 | Thanks for having me back. |
1:23.1 | So it's been over three years since our last interview, which is crazy, it seems like |
1:27.0 | yesterday, and you've been really busy with some new stuff since then, which I'm excited |
... |
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