Ramit Sethi on Spending, Renting, and Financial Misconceptions

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The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 16 April 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Money is often thought of on a transactional or restrictive basis. But, what if it could be a source of joy? Ramit Sethi is a best-selling author and the host of the Netflix series “How to Get Rich.” Alex Friedman caught up with him to discuss:
- The source of most financial conflicts in couples
- Renting vs. Buying
- Building the skill of spending money

Host: Alex Friedman
Guest: Ramit Sethi
Producer: Ricky Mulvey
Engineers: Dan Boyd, Kyle Carruthers

Transcript

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0:00.0	I'll ask people sometimes on social media.
0:03.0	If you got $10 million tomorrow, what would you do?
0:06.0	You know what, one of the most common answers is,
0:08.0	they can go, I wouldn't change a thing.
0:10.3	I love my life.
0:11.3	And they kind of expect me to applaud, you know,
0:13.2	applaud me Mr. Finance guy.
0:14.7	And I actually find that to be extremely lazy,
0:18.4	intellectually lazy.
0:19.6	You're telling me with $10 million,
0:22.1	you would not change, you'd wear the same shirt,
0:24.3	you'd eat at the same Chipotle, you wouldn't even get guac.
0:27.0	I'm Chris Hill and that's Remete Sakey,
0:32.7	best selling author and host of the Netflix series,
0:35.6	How to Get Rich.
0:37.3	Alex Friedman caught up with Sakey
0:39.0	to talk about why budgeting doesn't work for most people,
0:42.3	the case for renting instead of buying,
0:45.0	and how to spend money without feeling guilty.
0:47.8	I know over the last year or so,
0:51.8	you have been running a podcast,
0:53.8	speaking with couples, talking about their personal struggles,
	...

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