Ramit Sethi: 'What Is Your Rich Life?'

The Long View

Morningstar

Finance, Dan Lefkovitz, Amy Arnott, Entrepreneurship, Investing Leaders, Jeff Ptak, Investors, Christine Benz, Influential Investors, Careers, Long-term Investing, Financial Services, Business, Investing, Morningstar

4.5 • 775 Ratings

🗓️ 11 November 2020

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

The author and financial expert discusses retirement and income security, debt, and the framework behind having a rich life.

Transcript

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0:00.0	At Jackson, we've created a digital retirement planning experience with you and mine.
0:05.5	Visit jackson.com to explore our easy-to-understand resources and user-friendly tools
0:10.1	that are designed to enable financial professionals and clients to plan a path to financial freedom.
0:15.5	Jackson is short for Jackson Financial Incorporated, Jackson National Life Insurance Company, Lansing, Michigan,
0:20.5	and Jackson National Life Insurance Company, Lansing, Michigan, and
0:21.0	Jackson National Life Insurance Company of New York, purchase New York.
0:26.5	Please stay tuned for important disclosure information at the conclusion of this episode.
0:32.6	Hi, I'm Christine Ben's Director of Personal Finance for Morningstar.
0:36.7	And I'm Jeff Battack, Global Director of
0:38.2	Manager Research for Morningstar Research Services. Our guest on the podcast today is personal finance
0:43.6	expert and author, Rameet Saiti. Rameet's first book, I Will Teach You to Be Rich, published in 2009, was a
0:50.3	bestseller. A new edition of the book came out last year. Remed is the founder of I Will Teach
0:55.8	You to Be Rich.com and earnable, an online course created to help entrepreneurs start and accelerate
1:01.8	their businesses. He received his bachelor's and master's degrees from Stanford.
1:07.1	Rameet, welcome to the Longview. Thanks for having me. We're really excited to have you here.
1:12.3	Your book is called I Will Teach You to Be Rich.
1:14.8	You also are in charge of I Will Teach You to Be Rich.com.
1:18.3	In the book, rich doesn't simply mean amassing a lot of assets.
1:22.7	How do you define it?
1:25.2	Well, one of the key insights of my work over the last 16 years has been that
1:31.6	Rich is quite different for each of us. And interestingly, Rich might be your ability to go out
1:38.9	and buy a thousand dollar cashmere sweater. Great. No problem with that at all. Go for it. For others, it might be
	...

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