The Money Expert: "Do Not Buy A House!"... The 10 Ways To Make REAL Money! Ramit Sethi (E266)

The Diary Of A CEO with Steven Bartlett

FlightStory

Society & Culture, Education, Business

4.5 • 17.8K Ratings

🗓️ 20 July 2023

⏱️ 98 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ramit Sethi began his journey as a personal finance adviser in 2004, with his website, iwillteachyoutoberich.com. Ramit was the co-founder of PBworks, and is the CEO of GrowthLab. He is also the author of the 2009 New York Times best-selling book, ‘I will Teach You To Be Rich’, and ‘Your Move: The Underdog’s Guide to Building Your Business”. In 2023, Netflix released the series ‘How To Get Rich’ with Ramit as its host. In this conversation Ramit and Steven discuss topics, such as: How to define your ‘rich life’ Why buying a house isn’t necessarily a good decision How to invest like a millionaire His 10 rules for becoming rich Where real wealth is created The key character traits of rich people Why most people don’t understand money The truth about investing in cryptocurrency Why becoming rich isn’t necessarily about intelligence You can purchase, ‘I Will Teach You to Be Rich: The Journal’, here: https://bit.ly/44TcwWL Follow Ramit: Instagram: https://bit.ly/3Om30Gw Twitter: https://bit.ly/3NXDNAH Watch the episodes on Youtube - https://g2ul0.app.link/3kxINCANKsb My new book! 'The 33 Laws Of Business & Life' per order link: https://smarturl.it/DOACbook Follow me: Instagram: http://bit.ly/3nIkGAZ Twitter: http://bit.ly/3ztHuHm Linkedin: https://bit.ly/41Fl95Q Telegram: http://bit.ly/3nJYxST Sponsors: Huel: https://g2ul0.app.link/G4RjcdKNKsb Whoop: http://bit.ly/3zNvvop Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Ah, this is driving me insane!
0:02.2	To make a lot of money, you don't need to be a genius.
0:04.8	You're just need to remember a few key things.
0:06.9	Remeat safety, financial expert, the money man.
0:09.6	New York Times best seller.
0:10.6	There's more than 20,000 documented success stories.
0:13.2	This is your chance to never worry about money again.
0:16.0	You can live a rich life, regardless of where you came from,
0:19.4	regardless of your income.
0:21.1	How many people are clear on what their rich life looks like?
0:24.6	Less than one percent.
0:25.6	When I talk to people who have a spending problem,
0:28.2	100% of the time, they always say the same thing.
0:30.8	I just need to earn more.
0:31.9	If you double your income today, do you think your problems would disappear?
0:35.4	No.
0:36.0	Some of the stats I pulled out from your book about 25% of people
0:38.9	who make $100,000 a year plus a still living paycheck to paycheck.
0:43.4	It makes us realize that maybe the things we think we need
0:46.1	are things that we have been socially taught are important.
0:49.0	For example, owning a house is the best investment.
0:51.7	It means you are successful, but it can be a very bad financial decision.
	...

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