4.6 • 32.9K Ratings
🗓️ 8 October 2018
⏱️ 64 minutes
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0:00.0 | The information in this program is for your general knowledge and is not a substitute for financial or legal advice. |
0:06.0 | I'm Oprah Winfrey. Welcome to SuperSoul Conversations, the podcast. |
0:12.0 | I believe that one of the most valuable gifts you can give yourself is time, taking time to be more fully present. |
0:21.0 | Your journey to become more inspired and connected to the deeper world around us starts right now. Welcome to part two of our conversation. |
0:33.0 | Yes, ma'am. |
0:37.0 | Hi, Cynthia. I have a question. My employer offers both. They offer the traditional 401k as well as the raw 401k. |
0:45.0 | I also participate in the raw. Right now I'm just participating in the traditional 401k. I'm scheduled in a couple of years to max out. |
0:53.0 | At which time I was going to take the additional 6% and contribute to the raw 401k. |
1:01.0 | Nope. I have two years to wait. I want you to do it right away. |
1:06.0 | My concern is to take home pay. That's my concern. If I make the switch too early, I'm concerned that I'm going to take... |
1:14.0 | I'm going to put myself in a financial buy as a pertains to my take home pay. |
1:18.0 | All right, so let me tell you why you want. I learned a long time ago that whatever you make and you bring home, you spend. |
1:31.0 | I don't want you to make less, but the less you bring home, the less you will spend. |
1:39.0 | I will make a bet with you $100 right here on this stage. Right? |
1:46.0 | But really, I promise you that if you start switching to the Roths and you bring home less money, you will spend less money. |
1:58.0 | And you will find that it works. The good news is, if it doesn't, go back and switch. |
2:04.0 | But wouldn't it be great if that happened? So the more money you make, the more money you spend. |
2:12.0 | The less money you think you make, the less money you spend. Will you give it a try for me? |
2:18.0 | Yes, ma'am. You got it. |
2:21.0 | But really everybody, how have you noticed that's true like Woody? |
2:27.0 | Remember, we were making $400 a month, $5,000 a year, and we used to say, or at least I used to say, if I only could make $10,000 a year, I'd be sitting pretty. |
2:38.0 | Oh my God, finally made $30,000 a year. It would be great. Oh, finally made $80,000, $150,000, $250,000, half a million, now a million. |
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