Can I just say, that I never click videos with something like "Get Rich in 202x" because it's alwasy clickbait but when I see Ramit I click. Your advice isn't only wholesome, it's relatable. Watching your videos has definitely been a highlight of 2023 for mw.
Thank you. Honestly, I sometimes worry about using terms like "Get Rich" because I also have an aversion to cheesy overpromising! But I try to overdeliver so you can get specific things to apply to your Rich Life. Thank you for watching!
@@ramitsethino. Never stop using “get rich”. The first time I clicked, it was because I said “yea right. Another one of these” and Ive been stuck here ever since lol Im ready to live my rich life.
@@ramitsethiI was very close to hitting the do not recommend but for your channel but after watching a few of your videos, I noticed you give very good advice and good book recommendations.
I am a grad student (aka I am almost 26 and have made less than $24,000 a year for my entire adult life) but I became heavily interested in personal finance about 6 years ago. Getting a PhD has HUGE opportunity costs (especially considering I already have a BS and MS in engineering). However I do not feel like I am falling behind because unlike my friends who got "real" jobs out of college, I have buckled down and maxed out my Roth for 3 years running and have started a traditional brokerage account as well. I am not offered a 401k, HSA, or other tax advantaged accounts, but when I am--OH BOY get ready. I discovered you this year through the Financial Feminist podcast and have almost made my way through your entire podcast bank...I do still need to pick up your book though! Thank you so much for the inspiring advice rather than the doom and gloom advice that many others give. I am also on the leadership team for a club on campus for graduate women in STEM and I have begun preaching the gospel of personal finance so now other young women like myself can live their rich lives!
LOVE IT!! Great work. I love your attitude. And yes, get the I Will Teach You To Be Rich book. It goes into much more detail I can cover on quick videos.
I'm in the same boat. BS/MS in engineering, doing a PhD, low salary, got interested in finance during the pandemic. Ramit has been a huge help for me, too.
I'm blessed to have come across your Netflix show and now your UA-cam channel. I'm in my early 20's and you have convinced me that the time of action towards my financial goals doesn't start later... it starts NOW.
This channel deserves more than 1M subscribers. You are literally changing people's lives. From your book, your videos, and podcasts!!! I follow you on every platform, and am reading IWT. So very grateful for you and your work. Wishing you and your loved ones an amazing 2024!!
I read your work 3 years ago and followed your guidance about to hit $100k net worth by next year. By the way I’m a social worker making less than $80K a year
Holy sht congratulations! I’m in a similar field and so happy to hear you hit it! I’m 2 years behind you on the Ramit content so hopefully also 2 years behind you on hitting $100k 😂 definitely upped my retirment contributions in a huge way in the last 12 months which feels great! Congrats again 🎉🎉
@@mmarieritter216 thank you, you will get there! It takes time and patience! If you follow Remit guidelines you also will be saving investing and having fun! Congrats to you too because you are educating yourself and taking responsibility of your financial journey! Best wishes!
I’m about to turn 17. I’m starting a Etsy business and I applied at Best Buy to gain sales experience for when I graduate high school I can get into tech sales easily.
hell yea congrats! you start investing soon and you are going to be good to go. im starting in my 40s and my life is already changed for the better. you put 5000 a year in your investments and get the same results i get putting in 10 thous a year. numbers ive seen ramit showcase. im always excited for someone who has 40 years to let their investments compound. you could even retire early if you invest aggressively. hell yea
I’m a 67 yr. Old retiree who lives on a small pension and social security. Last yr. I decided I need to get a job to make more money so that I can live my best life. I’m in good health, have a law degree, and am retired from federal gov’t. But I’ve been stuck! I’ve decided to try your 5 step plan. I’m going to do this for a year and let you know if it helped. Thanks for your the motivation 😊
Everything you’ve said here is 100% correct, my only addition to this as a middle aged person who’s been in the workforce for a long while, it is SO incredibly important that you negotiate the salary you want at time of onboarding at a new job. An example would be if you asked for 100k at a company that just hired and they said they’ll give you 70k instead, it’s important you stick to your guns because you’re going to be trying to make up that 30k deficit for a much longer time. Oh and as far as side hustles as he references, start selling stuff you don’t use anymore, that’s an awesome side income for me. Have an old bike you don’t ride anymore? Sell it! Great video!
This is true, but if it’s something you’re not using anyway take whatever money you can get for it, but I live by the “if I don’t use it in a year then get rid of it” mentality
Hi Thanks for the advice. Started investing in 2023 and also changed jobs. Got twice the salary from my previous job. Also consolidated all my debt and now all my finances have been simplified. Thanks Ramit.
Had a conversation with my 20yr old nephew just yesterday about CCs and monthly payments etc. Not only does he have a fantastic credit score he knows exactly how he got it. He keeps his credit card usage between 10-30% and he explained all this to me! I was floored like what?! I immediately told him about you and purchased your book for him today! Man, I'm glad I discovered your info a while back! Thanks Ramith!
Ramit, I love watching your videos. They are so inspiring. I am a 45 year old woman that was a single mom for a looong time. I felt that I needed to just be happy to be employed for most of my life. Can you please speak to the middle-aged people who finally get their act together? Is there hope for us to be wealthy?
@SashaMG Hey girl I'm a single 43-year-old mum as well. Losing hope is not an option ok? there is so much life left in front of us and we can fix this money situation and live our best life...love from Malta @@SashaMG
I'm 48. I wouldn't say I grew up poor because I had a roof and food most the time. And there are others that definitely were worse off than me. I got one haircut and one pair of shoes a year and my clothes were donated. I grew up teased alot as kids can be mean.My dad was a single parent and worked his ass off. I never learned money. We didn't really have any. My dad didn't know money. He had nothing to teach me about it.. I have a son that I don't want to look up to me. I dont want my son to struggle like me. I cant tell you how much I appreciate these videos and your book. Im hoping this will be the year I can finally figure this thing out. Thank you so much!
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@JonathanLizRoland However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
I’m 56 and had a wake up call- saving 40% each month now- hubby’s income cut in half- thought he was going to be the big saver - now i am… wish i started earlier but doing what i can- at least we wont be eating cat food. Should hit my first 100k by end of 2025 but that’s ok- so happy i faced it and am learning as much as i can- this guy is great and so helpful!!!
I finished reading the book a few months ago and have everything implemented as told. Next year will be the test to hold myself accountable and continuing using the Get Rich plan. Looking forward to it
i started a month ago and i find it extremely is so far but I also have a great relationship with money when i had a lot of it and when like now im broke
Awesome. I've been married five years and we've been doing annual reviews every year except last year because we had our first born and it was too crazy for us. Things are more calm now and we are going to do an annual review this year and I'm looking forward to it. Every year I feel like we get better at talking about money and in fact I think things have been great this year and we have a lot of peace because we automated large part of our financial planning. Thanks for the insights Ramit.
I am going through a tough time and it felt like everything came crashing down. But watching your videos just pointed me in the right direction. I can’t say how thankful I am to you Ramit. One of my best investments is buying your book on audible and revisiting some of the chapters again and again, finding more clarity. Thanks for giving me hope for year ahead.
Good timing on this, last year I spent 10 days in Japan. It was the best time and rekindled a lifelong dream of living there. I’m planning on moving there around October next year, but the finances are the hardest part. I’m working hard to make more and spend less so I can afford it. I spend too much on eating out and have too much debt, so working through it all.
@@ianwerkheiser1292 I am debating working there or doing remote work. I am a software engineer so both are on the table. About to finish my bachelor’s degree to help too. But I might also just go and do Japanese classes. Yeah most people I know do language teaching, either through JET or other programs. Probably the easiest path from what I have seen.
@@dannyroth218 sounds good! FYI, JET sends you where it sends you and you have very little input. I’d suggest a conversation school because you can choose where to live. No reason you couldn’t do both remote and local, with the ESL part either with a school or just part-time to individual students by putting your cell number or email up places. That’s a good way to make a bit of money and get to know your new city from the eyes of a local. Good luck! It was really fun for me and I met my wife there.
@@ianwerkheiser1292 Thanks, I think I wasn’t very clear, I’m actually thinking of going to classes as a student (I love Japanese and have taken online lessons for almost 7 years now). I would love doing some side teaching or even volunteer to help people learn English too, though. That’s awesome, did you and your wife stay in Japan?
@@dannyroth218 we lived there for three years and had a great time, and we go back as often as time and finances allow. I’m biased, but I’ll put out a suggestion - don’t stay in Tokyo as your main place. It’s too busy and too cosmopolitan. I like Kyoto or Osaka for cities, or somewhere more rural but still in Kansai.
I'll be doing a high-level annual eval with my 7-yr-old -- I'm a single mom and I've been teaching her financial basics. She has a debit card with her name on it, linked to my account - she uses it as a lesson in making purchasing decisions; she knows the difference btwn a debit card and credit card, etc. She's been in the room when I've watched your Netflix series; and surprisingly one day, she exclaimed, "Let's watch the money show!" 😊 I have a pic of her watching your show that I was going to send to whatever e-mail you have posted for people to contact you - just never got around to it. I've been teaching her to identify the things she values and prioritize it in her life.
I went through a divorce in 2019 and lost everything. Started over at 43 while simultaneously surviving a global pandemic, job loss and enormous debt. It took me five years to climb out of debt because I was never taught how to properly manage money. I have spent the last year reading over thirty books to learn about money and not one of them talk about how to gain true stability when you’re over forty and starting over. They all assume we are 25 years old with new degrees and six figure salaries. I’m just shy of 50. none of the companies i worked for ever offered an HSA or 401 K so retirement is zero. How does someone older save for the future especially if they don’t make six figures? What is the best way to attack this? Living expenses are very high right now and Rent is astronomical especially for a single person. Can you please put together a video that shows a realistic action plan?
Yes, older & on our own is a large & fast-growing demographic that doesn't show up in media. Found a solid 1940 house needing renovation, researched healthspan online and put money in best foods like wild blueberries, single source olive oil, save by DIY food prep. Lentils hit every mark - tasty, healthful, versatile, quick & easy, cost $1 a pound house brand. Barley the same, and with lentils get nearly complete protein. Most people worldwide live based on legume + whole grain. Money saved gets the organic, high-quality meat and veg. An unglamorous small house with a housemate is a big step up from the expensive rental. People have always raised food in our backyards till very recently in history and it's an absorbing activity, lots of UA-cam videos, join comments section and now you're part of a very welcoming group. You're finding the best foods, making your own, likely sharing the work and good meals with your housemate, going out to relax in the garden after work, other people come by and you're building a good life in every area.
A step at a time, working for me 20+ years older than you. The $$$ living expenses with high rent, you can research online and find a more relaxed pace of living with friendly people, the smaller shabby house a bank owns you can afford, housemate awhile at least. All the challenge and interest of a new place, fixing up the place, putting a couple raised beds out back, now people want to see your garden & you have them over. Now, you've escaped the fast paced, nowhere to park competitive pressure of the overpriced city with that confining apartment a person has to get out of, to spend on shopping and going out to eat, everything costs. If no housemate maybe a new skill or side hustle in the extra bedroom. Fenced yard, now two cats maybe or dogs trained away from nuisance barking. There's so much life that opens up once you're learning new activities and have your own land and home to work with, gathering like-minded people around you. And you're so young, not even 50. Likely fit, uninjured. Your current work pays that overpriced city -- once change to new place and lifestyle, find hundreds are freed to work for you. Index funds to park some savings. There's something you like to do more than others, they'll actually pay to NOT do -- side hustle!
Amen Amanda! I love you Ramit, you provide great info and are truly inspiring! I’ve read your book, created a CSP, etc., but like Amanda, I’m still left with some very sticky questions/hurdles that have not been broached by any of your content. I’m a single parent (not a co-parent!) over 50 who loves her job and is not in dire straits but still recovering from a financial crisis brought on by a long bought of unemployment during the pandemic that led to a drain of my emergency fund, savings, and from 0-35K in CCD! I agree with Amanda that it would be great if our demographic and related situations were given a bit more airtime. PS Amanda, I like your “Feng Shui your Wallet” piece! ua-cam.com/video/N0QLiG3WD-I/v-deo.html
I'm interested in investing in alternative assets but I'm not sure if it's a good idea. Can anyone provide some insights on their risks and potential rewards?
Okay, its so passive investing is a strategy that involves buying a broad range of assets and holding onto them for their long term. It's a low-maintenance approach that's designed to track the performance of a particular market index. On the other hand, active investing is all about trying to outperform the market through more frequent trading and analysis. It can be a bit more complex and time-consuming, but it can also potentially lead to higher returns. If you want to learn more about these approaches and how to choose the one that's right for you, I too would recommend consulting with Julie Anders. her's a financial advisor who is highly knowledgeable.
investments typically require a long-term holding period to realize their full potential. Trees take years to mature, and the returns on forest investments may accrue gradually over time. Be prepared to maintain a long-term investment horizon and exercise patience as your forest assets appreciate in value.
@@BillieDavidson-nu8wv Begin by researching various forest investment opportunities to determine the best fit for your financial goals and risk tolerance. Options include purchasing forested land, investing in timberland investment management organizations (TIMOs) timber investment management organizations (TIMOs), real estate investment trusts (REITs) specializing in forestry, or participating in sustainable forestry projects.
@@BillieDavidson-nu8wv Assess the pros and cons of different forest investment vehicles. Consider factors such as liquidity, management fees, potential returns, diversification benefits, and environmental sustainability. Compare the historical performance of various investment options to make an informed decision.
Alternative assets can be a great way to diversify your portfolio, but it's important to understand ther risks involved. My go-to financial advisor for anything related to alternative assets is Julie Ann Lerch. her's incredibly knowledgeable and always has her clients' best interests in mind.
I love the year end review and sitting down with financial partner to set reasonable goals for 2024! Great video... Can't wait to match my money to my passions! We are in an expensive phase of life with three of our four sons in college at the same time (ages 16yo, 17yo, 20yo, and 22yo). I love how in your reviews you mention - your earnings can be dialed up, so I'm going back to picking up shifts in the ED for the next two years to get through this time and then when the pressure is off, can come back to one salary. Thanks for providing so many free resources as I work through your book and your journal prompts.
I've been going down a rabbit hole of watching some of Ramit's older YT videos when he started and I can say this man is consistent and has been preaching some of this same stuff for over 14 years. Yo Ramit, the Suze Orman skits though 🤣
I usually don’t 😅follow money expert because they give the same textbook advice. But you provide new and refreshing and realistic ideas. New subbie 🙌🏽, thank you.
I’m usually skeptical of watching videos where you go ISO but this might be my favorite video you have made this year. Watched it in the afternoon and that evening I was doing every step. 🔥 advice sir.
It’s great to see a fellow desi in the personal finance space. Having immigrant parents, some of their beliefs about money really shocks me, especially when their own advice gets them into bad situations. One time I told my mom I invest in the stock market (broad market index funds), and she said “i will never trust the stock market”. And my dad keeps all of his money in checking or savings accounts. Ramit is a great role model for all of us 1st indians
Could you introduce your parent to the concept of laddering his savings money (staggering the terms of Certificates of Deposit, eg 12,18,24 months etc??
Wow! Thanks Ramit for the humor of your video and how real you are! It really helps to have you and your channel in my corner allowing me the possibility to expand my horizons. Dreaming Big in 2024! 📝
Me and my partner have been following the CSP for the last 6 months, we cant wait for our first rich life year review on new years eve with a bottle champagne. Thanks for all the amazing content it has been truly life changing for us
So I am debt free and now need to move from there to realize my dream life. Found you on netflix in the summer and though I follow Dave Ramsey I still feel as though I am fearful of whats next. This is inspiring so thank you. Sometimes it’s hard to find info which is applicable for those of us who live outside of the USA and never got any financial education while growing up, plus being older. I will be trying the conscious spending plan this new year instead of my usual budget. As I address my limiting beliefs …. 🙂, onward to growth.
I follow Dave Ramsey’s plan also. There are a lot of similarities and I think we can learn from both. I personally like Dave Ramsey’s baby step plan because you work on one thing at a time, and he really encourages you to get out of debt. Debt is a huge weight. I also don’t want to use credit cards anymore because I spend more with them. I’m looking forward to trying Ramit’s conscious spending plan though. I really like his ideas and how he explains everything, and I think he gives you more details and practical steps to make things happen.
I watch the Netflix series last night and I was determined to find you on UA-cam. I want to do this I want invest. I spend all my money on eating groceries mostly and Some Dining Out. Have a small business that I run and do pretty good For Myself but have zero savings!
Looks like 1080p is the highest resolution available but it still looks great! 4K is sharper so maybe it marginally adds to audience retention, but the content is valuable regardless of video resolution
This is a great channel and I honestly thought it was going to be different. I follow a lot of different advice all around but I'm glad I followed this as well. I am one to stay away from debt but I am responsible with credit cards. I think I need to check out my credit card and make sure I am not missing any benefits or cash back etc. Near the end of last year I did some calls for internet and also did a bundle quote for home and auto insurance. I think I can save almost $115 a month on those alone. So amazing to see how you can use your loyalty or shop around to save a decent amount of money.
I am loving your content! Thank you for being so thorough and informative while backing up your statements with facts and data!!! No clickbait here! You are the real deal!
I’ve been watching a lot of financial mentor on youtube but Sir Ramit is very different yet the most relatable and he gave the realistic advice. I watched his Documentary on Netflix, and I can tell that he’s not teaching people how to earn millions of dollars, but his teaching people how to spend the money correctly and on what things should we spend the money for without compromising our happiness. And I agree with Drew when he said, “Everybody needs Ramit”.
8:30 rent is like 40% of my net income and I live in a tiny *** apartment. Rent used to be 60% though... The housing market is beyond f"d up over here. At least I did well saving and investing when I was still living at my parents. Now I am trying to learn more about it to make sure I will have a nice amount of money when I am 40+. Only 28 now, so plenty of time to make the right decisions!
I like your financial plan. I have been listening to Dave Ramsey. He has a great plan for getting out of debt, but the rest I am not onboard with. The no credit cards, pay cash for everything, and other things. He's also too political. And I don't like when he starts yelling.
I listen to DR’s podcast. His strategy helped me pay off my house and my rental. I’m 💯 debt free. So many financial experts offer a lot of good advice and some not so good. It’s picking and choosing for your personal finances.
I feel like it will be !!I actually ended this year with savings !! I mix you and another guru (won’t name him lol ) and it was successful!! Your dreaming big ideas and f being a miser is my favorite thing about you !Someone “borrowed” my book so I have to buy another one lol .
Solid advice for wealth-building in 2024! This 5-step checklist provides a clear roadmap to financial success. Actionable insights for those ready to make their money work for them. #FinancialWisdom
Ramit wish you great health & prosperity.Read your book & watched your videos.Complete eye opening.Following your suggestions accordingly.Getting results.Happy New Year from Bangladesh.
Thank you for this informative video on how to take control of my money in 2024 . I enjoyed watching Explore Your Dream Life Channel recommended to me by UA-cam .I have already liked and subscribed this channel.
A few years ago, I did step 5 - get a raise. I asked my manager how to get a promotion. It took over a year to get them to lay it out, for me to do it, then for them the agree I did, and then get the promotion through the approval process. I did it.
WOW! You called out Dave Ramsey and that Rich Dad Poor Dad guy; everyone knows he lied, there was no poor dad, he made him up. You are a brave man. I only wish I had found you sooner. It's hard finding good advice out here; even tougher when you are a woman and a minority. Love and continued Light..........
Ramit I will not use credit cards. I don’t spend enough to get points and I also don’t agree with how corporate banks do business. Nothing against anyone who does use them. I love your content. ❤
Same - I’m working to get rid of all our credit cards. They have not helped us if I look back honestly. Why use some thing that is tempting and can really hurt you. I’d rather just be simple and pay with the cash I have - or save up. We did this during the summer, purchasing a used vehicle. So much better than getting a car payment for a $40,000 minivan. Our family thinks we are crazy though. The “perks” never ended up feeling worth it for us. They also have studies shown you spend more on a credit card.
Any feedback on how to self-assess your personal psychology to better understand your relationship to money? Obviously putting spending on the page is a super helpful start, but do you do any more "introspective" exercises?
Hi Ramit, I need some advice. For all the investments I have, there is a financial advisor linked to them. After listening to you, I did the maths and realised that there is definitely a lot of money I'm spending on the FA fees. Now, my question is how to start investing without going through the FA. Unfortunately, in South Africa, almost all investment options require an FA.
Hey Ramit. Started reading your book and I can definitely see the difference. Looking back and disappointed in myself hahaha but i’m in my way to become debt free and live my rich life! also, bout to email you soon.
I called my cc company to negotiate my apr. They considered it a hardship case and froze my use on it for a year. When you call don't be surprised if this happens..
thats actually a good thing if you are carrying a balance and need to focus on paydown. it can be a inconvienience if you have a 0 balance and was just trying to use it as a talking point to lower the apr
Hello! Thank you for your video! I have a question. So I am turning 26 this year (so soon will be kicked off my mom’s PPO) and still in graduate school. What would you recommend I do about health insurance? The plan available to me through my employer (the university) is half my paycheck so obviously that’s not going to work. Also apparently I make too much to qualify for the state healthcare. Any advice? 🙃
I actually used your advice and this year upped my income by getting a better job and have your journal to work towards my rich life. I had some family finance trouble and gave up on finances, but that was irresponsible so this year I went from $800 a month to over $4,000 monthly salary. However, the work environment was toxic and not right for me so I quit, but I have a dilemma I have almost $9,000 saved for my emergency fund but I have no retirement fund. $12,000 is my goal for 6 months of living expenses. Should I max contribute $6,500 to the ROTH IRA this year 2023 and then continue building my emergency fund. I'm 35 years old by the way and looking for a new job so I'm not sure what kind of job I will find or if I'll need to relocate but I'm pretty confident I can find a job making the same amount and keeping my fixed costs low.
@@ramitsethithat's cool to get a response. I didn't expect that, thank you 🙂. Without yet having a job lined up the cons of investing $6,500 are more of a mental stress because I'd be worried without a financial cushion. However, even with investing $6,500 I'd still be able to have 3 months emergency fund because I have a short term contract in January and have two more paychecks coming from this previous job. The advantage of opening the Roth is time on my side and I won't be able to add that amount later on whereas I can always build my emergency fund. I'm already starting late with my investments and a ROTH gives great tax advantages so I want to jump on that. I could split it, but I'd feel bad for not contributing the whole $6,500. I'm leaning toward contributing something, but I do feel bad if it's not the entire $6,500. I have this all or nothing thinking I'm trying to work on.🙃
You know what my former boss said to me when asked: What does it take for me to be a top performer in this role? : Keep working you’ll get there. Ladies and gentlemen that was the beginning of the end of corporate world for me.
Hello, I'm Brazilian, I live in 🇺🇸 I would like some help from you on how to start investing. I would be very happy to be able to count on your help. I'm not fluent in English but I understand a lot
I feel the frustration in Ramit's voice when talking about debt payoff. The excuses made by the lazy people who want an easy out so they can go back to spending more on their favorite shopping site.
Ramit, what are your thoughts on contributing to Roth IRA / 401k Roth for high-income earners (more than $250k per person income)? Would appreciate your thoughts!
I believe there's income limits, and you may not be able to contribute at all in the traditional way. Google backdoor roth ira. It's an alternative way to bypass the income limit.
Can I just say, that I never click videos with something like "Get Rich in 202x" because it's alwasy clickbait but when I see Ramit I click. Your advice isn't only wholesome, it's relatable. Watching your videos has definitely been a highlight of 2023 for mw.
Thank you. Honestly, I sometimes worry about using terms like "Get Rich" because I also have an aversion to cheesy overpromising! But I try to overdeliver so you can get specific things to apply to your Rich Life. Thank you for watching!
@@ramitsethino. Never stop using “get rich”. The first time I clicked, it was because I said “yea right. Another one of these” and Ive been stuck here ever since lol Im ready to live my rich life.
I agree. Trust Remit wholeheartedly! His book really changed my view of money
Right? I also love that he’s not about trying to secretly sell us something, but genuinely wants to help👍
@@ramitsethiI was very close to hitting the do not recommend but for your channel but after watching a few of your videos, I noticed you give very good advice and good book recommendations.
I am a grad student (aka I am almost 26 and have made less than $24,000 a year for my entire adult life) but I became heavily interested in personal finance about 6 years ago. Getting a PhD has HUGE opportunity costs (especially considering I already have a BS and MS in engineering). However I do not feel like I am falling behind because unlike my friends who got "real" jobs out of college, I have buckled down and maxed out my Roth for 3 years running and have started a traditional brokerage account as well. I am not offered a 401k, HSA, or other tax advantaged accounts, but when I am--OH BOY get ready. I discovered you this year through the Financial Feminist podcast and have almost made my way through your entire podcast bank...I do still need to pick up your book though! Thank you so much for the inspiring advice rather than the doom and gloom advice that many others give. I am also on the leadership team for a club on campus for graduate women in STEM and I have begun preaching the gospel of personal finance so now other young women like myself can live their rich lives!
LOVE IT!! Great work. I love your attitude. And yes, get the I Will Teach You To Be Rich book. It goes into much more detail I can cover on quick videos.
I'm in the same boat. BS/MS in engineering, doing a PhD, low salary, got interested in finance during the pandemic. Ramit has been a huge help for me, too.
Great job! Some people go their whole life and never adopt these habits. Keep up the great work. Your best is yet to come!
Thank you so much!@@leedavis8969
@@ramitsethi thanks for writing that great book.
I'm blessed to have come across your Netflix show and now your UA-cam channel. I'm in my early 20's and you have convinced me that the time of action towards my financial goals doesn't start later... it starts NOW.
What is his Netflix show called?
I’m not sure if it’s still on Netflix…
How To Get Rich
This channel deserves more than 1M subscribers. You are literally changing people's lives. From your book, your videos, and podcasts!!! I follow you on every platform, and am reading IWT. So very grateful for you and your work. Wishing you and your loved ones an amazing 2024!!
Thank you!
I read your work 3 years ago and followed your guidance about to hit $100k net worth by next year. By the way I’m a social worker making less than $80K a year
That's amazing!!! Congratulations and thank you for your service as a social worker
Holy sht congratulations! I’m in a similar field and so happy to hear you hit it! I’m 2 years behind you on the Ramit content so hopefully also 2 years behind you on hitting $100k 😂 definitely upped my retirment contributions in a huge way in the last 12 months which feels great! Congrats again 🎉🎉
how did you it? like did you start investing or started a side hustle?
@@mmarieritter216 thank you, you will get there! It takes time and patience! If you follow Remit guidelines you also will be saving investing and having fun! Congrats to you too because you are educating yourself and taking responsibility of your financial journey! Best wishes!
@@GileDionson its about time you get ramits book yo lol. or watch all his vids, im on the plan and its damn simple and fun
I’m about to turn 17. I’m starting a Etsy business and I applied at Best Buy to gain sales experience for when I graduate high school I can get into tech sales easily.
hell yea congrats! you start investing soon and you are going to be good to go. im starting in my 40s and my life is already changed for the better. you put 5000 a year in your investments and get the same results i get putting in 10 thous a year. numbers ive seen ramit showcase. im always excited for someone who has 40 years to let their investments compound. you could even retire early if you invest aggressively. hell yea
I’m a 67 yr. Old retiree who lives on a small pension and social security. Last yr. I decided I need to get a job to make more money so that I can live my best life. I’m in good health, have a law degree, and am retired from federal gov’t. But I’ve been stuck! I’ve decided to try your 5 step plan. I’m going to do this for a year and let you know if it helped. Thanks for your the motivation 😊
how is it going so far?
@@lowlowseesee did not have enough money to go around . I am working now and plan to get on plan👍🏻
Everything you’ve said here is 100% correct, my only addition to this as a middle aged person who’s been in the workforce for a long while, it is SO incredibly important that you negotiate the salary you want at time of onboarding at a new job. An example would be if you asked for 100k at a company that just hired and they said they’ll give you 70k instead, it’s important you stick to your guns because you’re going to be trying to make up that 30k deficit for a much longer time. Oh and as far as side hustles as he references, start selling stuff you don’t use anymore, that’s an awesome side income for me. Have an old bike you don’t ride anymore? Sell it! Great video!
Yes, but you sell stuff you don’t need for pennies. Does it really make a difference? Salary negotiation is 100% true.
This is true, but if it’s something you’re not using anyway take whatever money you can get for it, but I live by the “if I don’t use it in a year then get rid of it” mentality
Hi Thanks for the advice. Started investing in 2023 and also changed jobs. Got twice the salary from my previous job. Also consolidated all my debt and now all my finances have been simplified. Thanks Ramit.
I saw your Netflix show and LOVED it!! I need to buy your book. You talk about money in such a refreshing practical way. I love it!!
Had a conversation with my 20yr old nephew just yesterday about CCs and monthly payments etc. Not only does he have a fantastic credit score he knows exactly how he got it. He keeps his credit card usage between 10-30% and he explained all this to me! I was floored like what?! I immediately told him about you and purchased your book for him today! Man, I'm glad I discovered your info a while back! Thanks Ramith!
Ramit, I love watching your videos. They are so inspiring. I am a 45 year old woman that was a single mom for a looong time. I felt that I needed to just be happy to be employed for most of my life. Can you please speak to the middle-aged people who finally get their act together? Is there hope for us to be wealthy?
Thank you for asking this. I am in the same boat. 46 yo single mom who is losing hope.
@SashaMG Hey girl I'm a single 43-year-old mum as well. Losing hope is not an option ok? there is so much life left in front of us and we can fix this money situation and live our best life...love from Malta
@@SashaMG
I'm 48. I wouldn't say I grew up poor because I had a roof and food most the time. And there are others that definitely were worse off than me. I got one haircut and one pair of shoes a year and my clothes were donated. I grew up teased alot as kids can be mean.My dad was a single parent and worked his ass off. I never learned money. We didn't really have any. My dad didn't know money. He had nothing to teach me about it.. I have a son that I don't want to look up to me. I dont want my son to struggle like me. I cant tell you how much I appreciate these videos and your book. Im hoping this will be the year I can finally figure this thing out. Thank you so much!
I have total confidence in you. You can honor your past and still create a new future for yourself and your son. Thank you for watching and learning
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@JonathanLizRoland However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@israel-r7 Oh please I’d love that. Thanks!
@@JonathanLizRoland Clementina Abate Russo is her name
Lookup with her name on the webpage.
Please don’t forget about the 50+ year olds who are learning now 😬🙏🏼
It's getting so scary to be in this category
he didnt forget at all. im almost 50 and im on the system and my stuff is changed. we old folks just have to invest aggressively to play catch up
And Alessi us already retired folks. Fixed income is comfortable, but fixed!
I’m 56 and had a wake up call- saving 40% each month now- hubby’s income cut in half- thought he was going to be the big saver - now i am… wish i started earlier but doing what i can- at least we wont be eating cat food. Should hit my first 100k by end of 2025 but that’s ok- so happy i faced it and am learning as much as i can- this guy is great and so helpful!!!
I finished reading the book a few months ago and have everything implemented as told. Next year will be the test to hold myself accountable and continuing using the Get Rich plan. Looking forward to it
i started a month ago and i find it extremely is so far but I also have a great relationship with money when i had a lot of it and when like now im broke
Awesome. I've been married five years and we've been doing annual reviews every year except last year because we had our first born and it was too crazy for us. Things are more calm now and we are going to do an annual review this year and I'm looking forward to it. Every year I feel like we get better at talking about money and in fact I think things have been great this year and we have a lot of peace because we automated large part of our financial planning. Thanks for the insights Ramit.
Beautiful work. Congrats on your baby!
I am going through a tough time and it felt like everything came crashing down. But watching your videos just pointed me in the right direction. I can’t say how thankful I am to you Ramit. One of my best investments is buying your book on audible and revisiting some of the chapters again and again, finding more clarity.
Thanks for giving me hope for year ahead.
Good timing on this, last year I spent 10 days in Japan. It was the best time and rekindled a lifelong dream of living there. I’m planning on moving there around October next year, but the finances are the hardest part. I’m working hard to make more and spend less so I can afford it. I spend too much on eating out and have too much debt, so working through it all.
Are you going to work in Japan? I taught ESL there and made good money while exploring the country.
@@ianwerkheiser1292 I am debating working there or doing remote work. I am a software engineer so both are on the table. About to finish my bachelor’s degree to help too. But I might also just go and do Japanese classes.
Yeah most people I know do language teaching, either through JET or other programs. Probably the easiest path from what I have seen.
@@dannyroth218 sounds good! FYI, JET sends you where it sends you and you have very little input. I’d suggest a conversation school because you can choose where to live. No reason you couldn’t do both remote and local, with the ESL part either with a school or just part-time to individual students by putting your cell number or email up places. That’s a good way to make a bit of money and get to know your new city from the eyes of a local. Good luck! It was really fun for me and I met my wife there.
@@ianwerkheiser1292 Thanks, I think I wasn’t very clear, I’m actually thinking of going to classes as a student (I love Japanese and have taken online lessons for almost 7 years now). I would love doing some side teaching or even volunteer to help people learn English too, though.
That’s awesome, did you and your wife stay in Japan?
@@dannyroth218 we lived there for three years and had a great time, and we go back as often as time and finances allow. I’m biased, but I’ll put out a suggestion - don’t stay in Tokyo as your main place. It’s too busy and too cosmopolitan. I like Kyoto or Osaka for cities, or somewhere more rural but still in Kansai.
I'll be doing a high-level annual eval with my 7-yr-old -- I'm a single mom and I've been teaching her financial basics.
She has a debit card with her name on it, linked to my account - she uses it as a lesson in making purchasing decisions; she knows the difference btwn a debit card and credit card, etc.
She's been in the room when I've watched your Netflix series; and surprisingly one day, she exclaimed, "Let's watch the money show!" 😊 I have a pic of her watching your show that I was going to send to whatever e-mail you have posted for people to contact you - just never got around to it.
I've been teaching her to identify the things she values and prioritize it in her life.
adorable and so important. if you teach her about financial abuse then you're going to make it in the history books lol
I went through a divorce in 2019 and lost everything. Started over at 43 while simultaneously surviving a global pandemic, job loss and enormous debt. It took me five years to climb out of debt because I was never taught how to properly manage money. I have spent the last year reading over thirty books to learn about money and not one of them talk about how to gain true stability when you’re over forty and starting over. They all assume we are 25 years old with new degrees and six figure salaries. I’m just shy of 50. none of the companies i worked for ever offered an HSA or 401 K so retirement is zero. How does someone older save for the future especially if they don’t make six figures? What is the best way to attack this? Living expenses are very high right now and Rent is astronomical especially for a single person. Can you please put together a video that shows a realistic action plan?
Yes, older & on our own is a large & fast-growing demographic that doesn't show up in media. Found a solid 1940 house needing renovation, researched healthspan online and put money in best foods like wild blueberries, single source olive oil, save by DIY food prep. Lentils hit every mark - tasty, healthful, versatile, quick & easy, cost $1 a pound house brand. Barley the same, and with lentils get nearly complete protein. Most people worldwide live based on legume + whole grain. Money saved gets the organic, high-quality meat and veg.
An unglamorous small house with a housemate is a big step up from the expensive rental. People have always raised food in our backyards till very recently in history and it's an absorbing activity, lots of UA-cam videos, join comments section and now you're part of a very welcoming group. You're finding the best foods, making your own, likely sharing the work and good meals with your housemate, going out to relax in the garden after work, other people come by and you're building a good life in every area.
A step at a time, working for me 20+ years older than you. The $$$ living expenses with high rent, you can research online and find a more relaxed pace of living with friendly people, the smaller shabby house a bank owns you can afford, housemate awhile at least. All the challenge and interest of a new place, fixing up the place, putting a couple raised beds out back, now people want to see your garden & you have them over.
Now, you've escaped the fast paced, nowhere to park competitive pressure of the overpriced city with that confining apartment a person has to get out of, to spend on shopping and going out to eat, everything costs. If no housemate maybe a new skill or side hustle in the extra bedroom. Fenced yard, now two cats maybe or dogs trained away from nuisance barking. There's so much life that opens up once you're learning new activities and have your own land and home to work with, gathering like-minded people around you.
And you're so young, not even 50. Likely fit, uninjured. Your current work pays that overpriced city -- once change to new place and lifestyle, find hundreds are freed to work for you. Index funds to park some savings. There's something you like to do more than others, they'll actually pay to NOT do -- side hustle!
Amen Amanda! I love you Ramit, you provide great info and are truly inspiring! I’ve read your book, created a CSP, etc., but like Amanda, I’m still left with some very sticky questions/hurdles that have not been broached by any of your content. I’m a single parent (not a co-parent!) over 50 who loves her job and is not in dire straits but still recovering from a financial crisis brought on by a long bought of unemployment during the pandemic that led to a drain of my emergency fund, savings, and from 0-35K in CCD! I agree with Amanda that it would be great if our demographic and related situations were given a bit more airtime. PS Amanda, I like your “Feng Shui your Wallet” piece! ua-cam.com/video/N0QLiG3WD-I/v-deo.html
@@NVFTVthanks! And I agree it would be wonderful if Ramit would address more “sticky” situations :)
@@janetmacdonald2823sounds like you’ve created a lovely little life for yourself. Well done!
I'm interested in investing in alternative assets but I'm not sure if it's a good idea. Can anyone provide some insights on their risks and potential rewards?
Okay, its so passive investing is a strategy that involves buying a broad range of assets and holding onto them for their long term. It's a low-maintenance approach that's designed to track the performance of a particular market index. On the other hand, active investing is all about trying to outperform the market through more frequent trading and analysis. It can be a bit more complex and time-consuming, but it can also potentially lead to higher returns. If you want to learn more about these approaches and how to choose the one that's right for you, I too would recommend consulting with Julie Anders. her's a financial advisor who is highly knowledgeable.
investments typically require a long-term holding period to realize their full potential. Trees take years to mature, and the returns on forest investments may accrue gradually over time. Be prepared to maintain a long-term investment horizon and exercise patience as your forest assets appreciate in value.
@@BillieDavidson-nu8wv Begin by researching various forest investment opportunities to determine the best fit for your financial goals and risk tolerance. Options include purchasing forested land, investing in timberland investment management organizations (TIMOs) timber investment management organizations (TIMOs), real estate investment trusts (REITs) specializing in forestry, or participating in sustainable forestry projects.
@@BillieDavidson-nu8wv Assess the pros and cons of different forest investment vehicles. Consider factors such as liquidity, management fees, potential returns, diversification benefits, and environmental sustainability. Compare the historical performance of various investment options to make an informed decision.
Alternative assets can be a great way to diversify your portfolio, but it's important to understand ther risks involved. My go-to financial advisor for anything related to alternative assets is Julie Ann Lerch. her's incredibly knowledgeable and always has her clients' best interests in mind.
The editing in this new batch of videos is meticulous 👏🏼
I wasn't a massive fan of the background music tho 😬
@@TheseWhiteNights whitnights with the nitpick lol
I love the year end review and sitting down with financial partner to set reasonable goals for 2024! Great video... Can't wait to match my money to my passions! We are in an expensive phase of life with three of our four sons in college at the same time (ages 16yo, 17yo, 20yo, and 22yo). I love how in your reviews you mention - your earnings can be dialed up, so I'm going back to picking up shifts in the ED for the next two years to get through this time and then when the pressure is off, can come back to one salary. Thanks for providing so many free resources as I work through your book and your journal prompts.
I've been going down a rabbit hole of watching some of Ramit's older YT videos when he started and I can say this man is consistent and has been preaching some of this same stuff for over 14 years.
Yo Ramit, the Suze Orman skits though 🤣
The money dial tip is genuine fire, gonna apply this to my philosophy and budgeting practice.
I usually don’t 😅follow money expert because they give the same textbook advice. But you provide new and refreshing and realistic ideas. New subbie 🙌🏽, thank you.
I’m usually skeptical of watching videos where you go ISO but this might be my favorite video you have made this year. Watched it in the afternoon and that evening I was doing every step. 🔥 advice sir.
It’s great to see a fellow desi in the personal finance space. Having immigrant parents, some of their beliefs about money really shocks me, especially when their own advice gets them into bad situations.
One time I told my mom I invest in the stock market (broad market index funds), and she said “i will never trust the stock market”. And my dad keeps all of his money in checking or savings accounts.
Ramit is a great role model for all of us 1st indians
Thank you! Glad you're here
Could you introduce your parent to the concept of laddering his savings money (staggering the terms of Certificates of Deposit, eg 12,18,24 months etc??
Wow! Thanks Ramit for the humor of your video and how real you are! It really helps to have you and your channel in my corner allowing me the possibility to expand my horizons. Dreaming Big in 2024! 📝
Me and my partner have been following the CSP for the last 6 months, we cant wait for our first rich life year review on new years eve with a bottle champagne. Thanks for all the amazing content it has been truly life changing for us
So I am debt free and now need to move from there to realize my dream life. Found you on netflix in the summer and though I follow Dave Ramsey I still feel as though I am fearful of whats next. This is inspiring so thank you. Sometimes it’s hard to find info which is applicable for those of us who live outside of the USA and never got any financial education while growing up, plus being older. I will be trying the conscious spending plan this new year instead of my usual budget. As I address my limiting beliefs …. 🙂, onward to growth.
I follow Dave Ramsey’s plan also. There are a lot of similarities and I think we can learn from both. I personally like Dave Ramsey’s baby step plan because you work on one thing at a time, and he really encourages you to get out of debt. Debt is a huge weight. I also don’t want to use credit cards anymore because I spend more with them. I’m looking forward to trying Ramit’s conscious spending plan though. I really like his ideas and how he explains everything, and I think he gives you more details and practical steps to make things happen.
You are simply amazing!! I have told so many people about you and how you change my life! They said I need to work for you! 🤣🤣
I absolutely love everything in this video. Thank you for excellent life advice.
I watch the Netflix series last night and I was determined to find you on UA-cam. I want to do this I want invest. I spend all my money on eating groceries mostly and Some Dining Out. Have a small business that I run and do pretty good For Myself but have zero savings!
Thank you for giving actual advice, a lot of financial videos on UA-cam don't give valuable tips
I bought your book recently. I just start reading it and i 'll get the best of it
We all appreciate you Remit⭐️⭐️⭐️⭐️⭐️
The best money advice in the internet. I just bought your book 📖 and can’t wait to create my rich life. Appreciate you so much.
This is really awesome. Thank you so much. I always enjoy watching you - the positive energy that you radiate makes me want to do better. Thank you!
Because of you I automate my monthly investments into a stocks & shares isa 🇬🇧 and LET IT COOK
Thank you for all your advice it helps a lot. Your advice and how to see the future in a new light is life-changing for me.
2024 is the time to switch to 4K Ramit, do it for us!
What? Am I not recording in 4K? LMK what I should pass along to my video team. If I can make my videos better for you, I will
What's the problem?
Looks like 1080p is the highest resolution available but it still looks great! 4K is sharper so maybe it marginally adds to audience retention, but the content is valuable regardless of video resolution
agreessss , 4k time baby
This is a great channel and I honestly thought it was going to be different. I follow a lot of different advice all around but I'm glad I followed this as well. I am one to stay away from debt but I am responsible with credit cards. I think I need to check out my credit card and make sure I am not missing any benefits or cash back etc.
Near the end of last year I did some calls for internet and also did a bundle quote for home and auto insurance. I think I can save almost $115 a month on those alone. So amazing to see how you can use your loyalty or shop around to save a decent amount of money.
I love your advice; it's so pragmatic and balanced... it's brilliant, and actually actionable!
I am loving your content! Thank you for being so thorough and informative while backing up your statements with facts and data!!! No clickbait here! You are the real deal!
This is those gems that I needed to listen too. Thanks for sharing this content. There’s value in everything that you’ve shared.
This is the best informative video ever on UA-cam. Thank you so much! I will watch it over and over again.
I’ve been watching a lot of financial mentor on youtube but Sir Ramit is very different yet the most relatable and he gave the realistic advice. I watched his Documentary on Netflix, and I can tell that he’s not teaching people how to earn millions of dollars, but his teaching people how to spend the money correctly and on what things should we spend the money for without compromising our happiness. And I agree with Drew when he said, “Everybody needs Ramit”.
LOVE YOUR CONTENT AND PERSONALITY!!!!!
HAPPY AND HEALTHY NEW YEAR TO YOU AND YOURS!!!!
LOVE YOUR PHILOSOPHY TOO!!!!
EE MUST ENJOY LIFE, TOO!!!!
8:30 rent is like 40% of my net income and I live in a tiny *** apartment. Rent used to be 60% though... The housing market is beyond f"d up over here. At least I did well saving and investing when I was still living at my parents. Now I am trying to learn more about it to make sure I will have a nice amount of money when I am 40+. Only 28 now, so plenty of time to make the right decisions!
This is great. I'm going to buy your book and get each of my children a copy.
Am watching you from France and I am determined to manage my money
I like your financial plan.
I have been listening to Dave Ramsey. He has a great plan for getting out of debt, but the rest I am not onboard with. The no credit cards, pay cash for everything, and other things. He's also too political. And I don't like when he starts yelling.
I listen to DR’s podcast. His strategy helped me pay off my house and my rental. I’m 💯 debt free. So many financial experts offer a lot of good advice and some not so good. It’s picking and choosing for your personal finances.
I feel like it will be !!I actually ended this year with savings !! I mix you and another guru (won’t name him lol ) and it was successful!! Your dreaming big ideas and f being a miser is my favorite thing about you !Someone “borrowed” my book so I have to buy another one lol .
Solid advice for wealth-building in 2024! This 5-step checklist provides a clear roadmap to financial success. Actionable insights for those ready to make their money work for them. #FinancialWisdom
Ramit wish you great health & prosperity.Read your book & watched your videos.Complete eye opening.Following your suggestions accordingly.Getting results.Happy New Year from Bangladesh.
Thanks for a reminder to be on it!
Thank you Remit. Be blessed my friend. ❤
Thank you for this informative video on how to take control of my money in 2024 . I enjoyed watching Explore Your Dream Life Channel recommended to me by UA-cam .I have already liked and subscribed this channel.
Tried out the spending plan, saving with 3.2k for hsa and 20% pre-tax 401k. Seeing that guilt free spending money made me not want to be guilt free.
A few years ago, I did step 5 - get a raise.
I asked my manager how to get a promotion. It took over a year to get them to lay it out, for me to do it, then for them the agree I did, and then get the promotion through the approval process. I did it.
Great advice, especially on step one. Great advice, Ramit. Very realistic, very useful.
WOW! You called out Dave Ramsey and that Rich Dad Poor Dad guy; everyone knows he lied, there was no poor dad, he made him up. You are a brave man. I only wish I had found you sooner. It's hard finding good advice out here; even tougher when you are a woman and a minority. Love and continued Light..........
Just found your channel, do you have a video for those who are unsavy dan that can't turn back time?
I love the facts that you stick with your message. Thanks for the insight about credit card and saving
Ramit thanks for your súper prácticas, doable, tips for financial peace!
Ramit I will not use credit cards. I don’t spend enough to get points and I also don’t agree with how corporate banks do business. Nothing against anyone who does use them. I love your content. ❤
Same - I’m working to get rid of all our credit cards. They have not helped us if I look back honestly. Why use some thing that is tempting and can really hurt you. I’d rather just be simple and pay with the cash I have - or save up. We did this during the summer, purchasing a used vehicle. So much better than getting a car payment for a $40,000 minivan. Our family thinks we are crazy though. The “perks” never ended up feeling worth it for us. They also have studies shown you spend more on a credit card.
Any feedback on how to self-assess your personal psychology to better understand your relationship to money? Obviously putting spending on the page is a super helpful start, but do you do any more "introspective" exercises?
Hey,Ramit. Im a big fan of yours. Watched you on Netflix
Saving 30% gross is 50% of my net check. I try, Ramit! The amount taken out in taxes is wild.
Hi Ramit, I need some advice. For all the investments I have, there is a financial advisor linked to them. After listening to you, I did the maths and realised that there is definitely a lot of money I'm spending on the FA fees. Now, my question is how to start investing without going through the FA. Unfortunately, in South Africa, almost all investment options require an FA.
Hey Ramit. Started reading your book and I can definitely see the difference.
Looking back and disappointed in myself hahaha but i’m in my way to become debt free and live my rich life!
also, bout to email you soon.
I called my cc company to negotiate my apr. They considered it a hardship case and froze my use on it for a year. When you call don't be surprised if this happens..
thats actually a good thing if you are carrying a balance and need to focus on paydown. it can be a inconvienience if you have a 0 balance and was just trying to use it as a talking point to lower the apr
@@michaeledenOfficialChannel I hardly missed it. I was dead serious about getting it to ZERO.
Ramit, can you please talk to us about long term care insurance. Should we be investing in that in case we need care not covered by medical insurance?
Sir, btw where did you buy that jacket? it looks cool. :)
Amazing and thank you.
Ramit, I want to know about setting up the waterfall method for generational wealth.
Please ❤!
Whatta genius ramit🙏
Wish I could hit the like button more than once.
Wow, American credit cards sound super duper amazing !!!
You should attach a template for the year in review questions if you haven’t already created it.
Hello! Thank you for your video! I have a question. So I am turning 26 this year (so soon will be kicked off my mom’s PPO) and still in graduate school. What would you recommend I do about health insurance? The plan available to me through my employer (the university) is half my paycheck so obviously that’s not going to work. Also apparently I make too much to qualify for the state healthcare. Any advice? 🙃
Do you have an equivalent”Teach you to be rich”tips or UA-camrs that you would recommend for Europeans? Thanks 😊
How can i get any e-book( I will teach you to be rich) from Bangladesh Sir ???
You said If you are 40 to 45 you have time, but if you are older what do u do?
Ramit is actually hilarious 😂😂😂😂😂😂
I love how this video is full of optimism and actionable steps, thank you Ramit!
Thank you
I am 20 years old and I just wanted to know what are your thoughts on me getting a credit card, do I need it now or should I wait a few more years?
Please like, share, and subscribe to this channel. Love you Ramit
From every people i know, basicaly you need to be a smart consumer, dont own a huge house, dont own a huge car
"i love to make you cry!" Yep, tough love people!
I actually used your advice and this year upped my income by getting a better job and have your journal to work towards my rich life. I had some family finance trouble and gave up on finances, but that was irresponsible so this year I went from $800 a month to over $4,000 monthly salary. However, the work environment was toxic and not right for me so I quit, but I have a dilemma I have almost $9,000 saved for my emergency fund but I have no retirement fund. $12,000 is my goal for 6 months of living expenses. Should I max contribute $6,500 to the ROTH IRA this year 2023 and then continue building my emergency fund. I'm 35 years old by the way and looking for a new job so I'm not sure what kind of job I will find or if I'll need to relocate but I'm pretty confident I can find a job making the same amount and keeping my fixed costs low.
You tell us. What are the pros/cons? What are your options?
@@ramitsethithat's cool to get a response. I didn't expect that, thank you 🙂. Without yet having a job lined up the cons of investing $6,500 are more of a mental stress because I'd be worried without a financial cushion. However, even with investing $6,500 I'd still be able to have 3 months emergency fund because I have a short term contract in January and have two more paychecks coming from this previous job. The advantage of opening the Roth is time on my side and I won't be able to add that amount later on whereas I can always build my emergency fund. I'm already starting late with my investments and a ROTH gives great tax advantages so I want to jump on that. I could split it, but I'd feel bad for not contributing the whole $6,500. I'm leaning toward contributing something, but I do feel bad if it's not the entire $6,500. I have this all or nothing thinking I'm trying to work on.🙃
Why is "Home" not one of the money dials? I prioritize where I live, both in terms of monthly cost and in terms of decor, maintenance, etc.
You know what my former boss said to me when asked: What does it take for me to be a top performer in this role?
: Keep working you’ll get there.
Ladies and gentlemen that was the beginning of the end of corporate world for me.
Hello, I'm Brazilian, I live in 🇺🇸 I would like some help from you on how to start investing. I would be very happy to be able to count on your help. I'm not fluent in English but I understand a lot
I feel the frustration in Ramit's voice when talking about debt payoff. The excuses made by the lazy people who want an easy out so they can go back to spending more on their favorite shopping site.
Ramit, what are your thoughts on contributing to Roth IRA / 401k Roth for high-income earners (more than $250k per person income)? Would appreciate your thoughts!
I believe there's income limits, and you may not be able to contribute at all in the traditional way. Google backdoor roth ira. It's an alternative way to bypass the income limit.
Great content!