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The Daily Stoic

Ramit Sethi on How to Live the Rich Life

The Daily Stoic

Daily Stoic | Backyard Ventures

Education, Daily Stoic, Stoic, Ryan Holiday, Self-improvement, 694393, Stoic Philosophy, Business, Society & Culture, Stoicism, Philosophy

4.55.3K Ratings

🗓️ 12 December 2020

⏱️ 77 minutes

🧾️ Download transcript

Summary

On today’s podcast, Ryan talks to his longtime friend, author and financial expert Ramit Sethi. From backbreaking summer jobs in Sacramento to financial success and acclaim, Ryan and Ramit have walked a similar path—hear them talk about what they’ve learned from those shared experiences.

Ramit Sethi is a bestselling author and expert on how to use money to live the richest life. His first book, I Will Teach You to Be Rich, along with his courses and advice, has taught thousands of people how to avoid pitfalls with their money, get better jobs, and achieve financial independence.

This episode is brought to you by Amazon Music. one of the things that makes this time of year truly wonderful is the music—and my family’s getting its holiday music fix thanks to Amazon Music. Whether it’s the Charlie Brown Christmas album or Mariah Carey, Amazon Music has something for any holiday occasion. You’ll get access to more than 70 million songs other songs too, on-demand and ad-free. And not only do you get access to all that music, you also get access to MILLIONS of podcast episodes at no charge, plus thousands of music stations and top playlists. For a limited time, new subscribers can get three months of Amazon Music Unlimited, absolutely free, by visiting Amazon.com/Ryan. Starts at $7.99/month after. New subscribers only. Terms apply. Offer expires 1/11/2021.

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Transcript

Click on a timestamp to play from that location

0:00.0

Hey, prime members, you can listen to the Daily Stoic podcast early and add free on Amazon music. Download the app today.

0:10.8

Welcome to the weekend edition of the Daily Stoic. Each weekday we bring you a meditation inspired by the ancient Stoic, something that can help you live up to those four

0:21.0

Stoic virtues of courage, justice, wisdom, and temperance. And here on the weekend we take a deeper dive into those same topics. We interview Stoic philosophers, we reflect, we prepare, we think deeply about the challenging issues of our time. And we work through this philosophy in a way that's more possible here when we're not rushing to work or to get the kids to school.

0:50.0

We have the time to think, to go for a walk, to sit with our journals, and to prepare for what the future will bring.

1:00.0

Hey, everyone. It's Ryan Holiday. Welcome to another episode of the Daily Stoic podcast. My guest today is someone I go way, way, way back to basically back to elementary school. We grew up in the same small town outside Sacramento, which I'll talk about.

1:15.0

He's gone on to be an incredible author, entrepreneur, finance guru. I'm talking about Remi, I was closer to his brother, Manish growing up, also himself, an entrepreneur. But Remi is a great guy. I've actually taken some of his courses. We used a zero to launch. We were working on Daily Stoic.

1:32.0

My wife took his dream job course. I've read his book. I will teach you to be rich. Every time he comes to Austin, we get together and have breakfast. I have breakfast with him when we both used to live in New York. Just an overall great guy. One of my favorite people to talk to, we text back and forth when we can.

1:48.0

Just a smart guy. He always has like interesting, like Tim Ferriss. He always has an interesting way of seeing things, breaking things down. You might think given the title of his site, I will teach you to be rich. His stuff about the rich life that there might be an epicurion streak in Remi that's somewhat different than the Stoics.

2:09.0

You know what that may be true, but you know, Senika says, you want to read like a spy in the enemy camp. And that's not to say Remi is it all the enemy, but his unique way of living thinking about life, thinking about success, thinking about careers, thinking about money, has something to teach all of us.

2:27.0

And I think there's a lot for everyone to learn in this episode. We go a little long, we had some technical difficulties in the middle. So it cuts out. Then we had to start over. So if there's a little difference you notice, somehow I lost not just my Wi-Fi, but my cell service at the same time in a very inopportune moment.

2:47.0

And I was wonderfully patient and stuck with it. And we were able to finish the interview. Great guy. I think you'll like this. Here's my interview with Remi. Check out his number one bestselling book. I will teach you to be rich. And of course, his many courses great to fall in Instagram as well.

3:02.0

Joy.

3:04.0

I was thinking as I prefer this that we did we did pretty good for a couple of kids from from Orangeville and Ferro's. It is amazing. I mean, I think back to to the modest upbringing that we both had. And and then I think how we kind of learned about each other later in life, which was funny.

3:27.0

But yeah, I you know, I look back on those times. I loved high school. Like I had a blast. I had great friends. And also it was kind of an idyllic way to grow up. Like it was nice for me. Like good friends, good family.

3:45.0

We didn't like we weren't jetting around. But like we were good. We're happy we had enough. We ate pizza once a month. Great.

3:53.0

From mountain mics, where was your kitchen? Well, round table was a little too expensive. Although I did eventually work there. I was a sister did as well. Yeah, that's right. She got me the job. So I was a pizza maker. And then one day I was promoted to oven guy.

4:08.0

My starting wage was $4.25 an hour. Some weeks I would work like two or three hours because school came first. And you know, I'd worked there a long time. And some days I would go in there on a Friday night. By the way, my mom had to drop me off because I couldn't drive myself yet.

4:26.0

But some of the pizza guys would be like, who are you? And I was like, who are you? I've been working here for years. Right. And you know, you get the check. And that my checks was sometimes like $38 for the week. But like when you're a kid, that's a lot of money.

4:41.0

You know, then that and like being a soccer referee and all these weird things you do when you're a high school kid. I don't know. I just, it was very innocent when I look back on it.

4:51.0

I remember I was like 15 and my parents were like, you got to get a fucking job. And I was like, Oh, okay. And I had a job at a deli at a job at at Wendy's.

5:00.0

I remember I got a job hired as a as a cook at Wendy's. And I was promoted the first day when they realized that I spoke English to cash register.

5:10.0

But, but only in retrospect, like many years later, I was like, talking to my sister about all these crappy jobs I had. And she's like, Oh, yeah, mom and dad never made me get a job. I was like, what, what, how did this happen? I was riding the bike to Wendy's every day in the Sacramento summer.

...

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