What does a rich life look like? Ramit Sethi shares how having a clear vision of your rich life allows you to use your money on the things that matter most. He says it’s normal to make mistakes with money and that you should start building habits early so you don’t make the same mistakes with $1 million that you did with $100. And if you’re thinking about how to make your money go further, Ramit reminds us that there’s a limit on what you can cut, but there’s no limit on what you can earn! 

 

What you will learn:

• Money does change people
• How you can spend extravagantly 
• Stop focusing on the $3 questions
• How to negotiate your salary
• Why we crave wealth but also hate it
• What is your money dial?
• You will make mistakes with money
• Don’t take advice from losers
• Giving is a critical part of a rich life

 

Quotes:

• “In my experience, money does change people. It should. It has allowed me to dream bigger. It’s allowed me to take more adventures. It’s allowed me to give more.” – Ramit Sethi
• “Saving $3 a day is not going to change the course of your financial life.” – Ramit Sethi
• “If you begin your financial life believing that having more money will change you or will turn you evil, then you have effectively no chance of growing your financial wealth.” – Ramit Sethi
• “There are lots of reasons to stay or to leave, but simply saying, ‘I’m underpaid, please play me more,’ that’s not persuasive. It’s about demonstrating value and communicating this in the correct way.” – Ramit Sethi
• “You have a certain level of happiness, great, but there are other factors like life satisfaction that you can directly use money to influence.” – Ramit Sethi
• “Every one of us has money now, something that we love to spend money on. Almost none of us have ever contemplated spending more on it.” – Ramit Sethi
• “You can spend extravagantly on the things you love when you cut costs mercilessly on the things you don’t.” – Ramit Sethi
• “What could be more meaningful than taking the thing you love, your money dial, and doubling down on that?” – Ramit Sethi
• “If you feel stuck with your money, that’s normal, but just acknowledging it is not enough. The next step is to make a plan and start getting educated about it.” – Ramit Sethi
• “Why would we take advice from people who are not in the financial situation that we admire?” – Ramit Sethi

 

Free Valuable Report for our Listeners: “3 Beliefs About Money Your Kids Should Learn That No One is Teaching Them”

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Recommended Resources:

• I Will Teach You To Be Rich by Ramit Sethi (https://amzn.to/39widiw)
• Iwillteachyoutoberich.com