Watch This to Get Rich in 2024 (My 5-Step Checklist)

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  • Опубліковано 26 лис 2024

КОМЕНТАРІ • 320

  • @nnennaitanyi8156
    @nnennaitanyi8156 11 місяців тому +483

    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.

    • @ramitsethi
      @ramitsethi  11 місяців тому +152

      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!

    • @AdultentionalOnes
      @AdultentionalOnes 11 місяців тому

      @@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.

    • @von-marieoliva4827
      @von-marieoliva4827 10 місяців тому +4

      I agree. Trust Remit wholeheartedly! His book really changed my view of money

    • @sydneystampher2557
      @sydneystampher2557 10 місяців тому +6

      Right? I also love that he’s not about trying to secretly sell us something, but genuinely wants to help👍

    • @novousabbott4926
      @novousabbott4926 6 місяців тому +2

      ​@@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.

  • @leticiavargas3661
    @leticiavargas3661 11 місяців тому +158

    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

    • @Janelegant
      @Janelegant 10 місяців тому +6

      That's amazing!!! Congratulations and thank you for your service as a social worker

    • @mmarieritter216
      @mmarieritter216 9 місяців тому +6

      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 🎉🎉

    • @GileDionson
      @GileDionson 9 місяців тому

      how did you it? like did you start investing or started a side hustle?

    • @leticiavargas3661
      @leticiavargas3661 9 місяців тому

      @@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!

    • @lowlowseesee
      @lowlowseesee 8 місяців тому

      @@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

  • @MaddieMettler
    @MaddieMettler 11 місяців тому +194

    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!

    • @ramitsethi
      @ramitsethi  11 місяців тому +40

      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.

    • @me0101001000
      @me0101001000 11 місяців тому +3

      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.

    • @leedavis8969
      @leedavis8969 11 місяців тому +6

      Great job! Some people go their whole life and never adopt these habits. Keep up the great work. Your best is yet to come!

    • @MaddieMettler
      @MaddieMettler 11 місяців тому

      Thank you so much!@@leedavis8969

    • @GamerNepali6549
      @GamerNepali6549 11 місяців тому +1

      @@ramitsethi thanks for writing that great book.

  • @philliptaylor2870
    @philliptaylor2870 10 місяців тому +4

    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!

    • @ramitsethi
      @ramitsethi  10 місяців тому +4

      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

  • @raevalverde7757
    @raevalverde7757 11 місяців тому +21

    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 😊

    • @lowlowseesee
      @lowlowseesee 5 місяців тому +1

      how is it going so far?

    • @raevalverde7757
      @raevalverde7757 4 місяці тому +1

      @@lowlowseesee did not have enough money to go around . I am working now and plan to get on plan👍🏻

  • @LL-pq5uo
    @LL-pq5uo 10 місяців тому +19

    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.

    • @lowlowseesee
      @lowlowseesee 8 місяців тому

      adorable and so important. if you teach her about financial abuse then you're going to make it in the history books lol

  • @Crxzyman
    @Crxzyman 6 місяців тому +11

    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.

    • @lowlowseesee
      @lowlowseesee 5 місяців тому +1

      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

  • @AnneLaurieJoseph
    @AnneLaurieJoseph 10 місяців тому +21

    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!!

  • @Yourmission9
    @Yourmission9 11 місяців тому +33

    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!

    • @ninavorobeva4927
      @ninavorobeva4927 11 місяців тому +2

      Yes, but you sell stuff you don’t need for pennies. Does it really make a difference? Salary negotiation is 100% true.

    • @Yourmission9
      @Yourmission9 11 місяців тому +3

      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

  • @NiklasM-np7nx
    @NiklasM-np7nx 11 місяців тому +5

    Hello Ramith,
    in from Germany, 25 Years old and i struggeld my whole life with Money. Suddenly i had 10.000€ in debt.
    Now i got my Finance under control easily, just 5.000€ debt und dont habe to Look on my bank account at the end of the month. Im using your finance planer!
    Its your philosophie about the rich Life, which makes it easy.
    Thank you so much !

  • @DeniseSkidmore
    @DeniseSkidmore 11 місяців тому +16

    In my first annual review at my current job, i asked what it would take to earn a promotion. By the next annual review, my boss was working on the upper levels to create that position for me. It took a while, but I did get it.

  • @ericchoi3596
    @ericchoi3596 11 місяців тому +28

    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.

    • @rachaelgoldstein6134
      @rachaelgoldstein6134 6 місяців тому

      What is his Netflix show called?

    • @ERICCHOI0101
      @ERICCHOI0101 6 місяців тому

      I’m not sure if it’s still on Netflix…
      How To Get Rich

  • @aishafadhil4426
    @aishafadhil4426 11 місяців тому +10

    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.

  • @michellel75
    @michellel75 10 місяців тому +19

    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
      @SashaMG 10 місяців тому +4

      Thank you for asking this. I am in the same boat. 46 yo single mom who is losing hope.

    • @martinatomljanovic6497
      @martinatomljanovic6497 9 місяців тому

      ​ @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

  • @terrancepinkney777
    @terrancepinkney777 11 місяців тому +4

    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!

  • @sheem.2450
    @sheem.2450 10 місяців тому +5

    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!!

  • @AmandaGatesHome
    @AmandaGatesHome 11 місяців тому +33

    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?

    • @janetmacdonald2823
      @janetmacdonald2823 11 місяців тому +2

      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.

    • @janetmacdonald2823
      @janetmacdonald2823 11 місяців тому +3

      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!

    • @NVFTV
      @NVFTV 11 місяців тому +4

      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

    • @AmandaGatesHome
      @AmandaGatesHome 11 місяців тому +2

      @@NVFTVthanks! And I agree it would be wonderful if Ramit would address more “sticky” situations :)

    • @AmandaGatesHome
      @AmandaGatesHome 11 місяців тому

      @@janetmacdonald2823sounds like you’ve created a lovely little life for yourself. Well done!

  • @smileyspoon1
    @smileyspoon1 11 місяців тому +9

    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.

    • @ramitsethi
      @ramitsethi  11 місяців тому

      Beautiful work. Congrats on your baby!

  • @abhidevathi1382
    @abhidevathi1382 11 місяців тому +10

    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

    • @ramitsethi
      @ramitsethi  11 місяців тому +2

      Thank you! Glad you're here

    • @kaythegardener
      @kaythegardener 11 місяців тому

      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??

  • @amanbaid6046
    @amanbaid6046 11 місяців тому +14

    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.

  • @Wongo150
    @Wongo150 11 місяців тому +15

    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

    • @lowlowseesee
      @lowlowseesee 8 місяців тому

      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

  • @salome10011
    @salome10011 11 місяців тому +4

    Literally just shared some wine with my new hubby and completed step 1. ❤ thank you so much for making the complex simple & attainable. 😊 wishing you and yours a rich 2024.

  • @ROCBOYZGURLZ
    @ROCBOYZGURLZ 10 місяців тому +6

    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 🤣

  • @dannyroth218
    @dannyroth218 11 місяців тому +18

    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
      @ianwerkheiser1292 11 місяців тому

      Are you going to work in Japan? I taught ESL there and made good money while exploring the country.

    • @dannyroth218
      @dannyroth218 11 місяців тому +1

      @@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.

    • @ianwerkheiser1292
      @ianwerkheiser1292 11 місяців тому

      @@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.

    • @dannyroth218
      @dannyroth218 11 місяців тому

      @@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?

    • @ianwerkheiser1292
      @ianwerkheiser1292 11 місяців тому +2

      @@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.

  • @Rick020
    @Rick020 6 місяців тому +2

    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!

  • @adamcox7280
    @adamcox7280 11 місяців тому +2

    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

  • @alifebydesign2024
    @alifebydesign2024 11 місяців тому +8

    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.

  • @tobinkaestner
    @tobinkaestner 11 місяців тому +12

    The editing in this new batch of videos is meticulous 👏🏼

    • @TheseWhiteNights
      @TheseWhiteNights 11 місяців тому

      I wasn't a massive fan of the background music tho 😬

    • @lowlowseesee
      @lowlowseesee 8 місяців тому

      @@TheseWhiteNights whitnights with the nitpick lol

  • @nicolet111
    @nicolet111 11 місяців тому +2

    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.

    • @Kailua865
      @Kailua865 11 місяців тому

      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.

  • @WowDaniX
    @WowDaniX 9 місяців тому +2

    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.

  • @LyndaWatkins
    @LyndaWatkins 9 місяців тому +40

    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?

    • @EdwinCunningham-vj3nm
      @EdwinCunningham-vj3nm 9 місяців тому

      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.

    • @BillieDavidson-nu8wv
      @BillieDavidson-nu8wv 9 місяців тому

      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.

    • @EdwinCunningham-vj3nm
      @EdwinCunningham-vj3nm 9 місяців тому

      @@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.

    • @ChristieSullivan-km4pf
      @ChristieSullivan-km4pf 9 місяців тому

      @@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.

    • @EdwinCunningham-vj3nm
      @EdwinCunningham-vj3nm 9 місяців тому

      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.

  • @KiingM
    @KiingM 11 місяців тому +3

    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.

  • @MelanieDilla
    @MelanieDilla 10 місяців тому

    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”.

  • @maribelcolon4100
    @maribelcolon4100 9 місяців тому +39

    Please don’t forget about the 50+ year olds who are learning now 😬🙏🏼

    • @JJ-mn8md
      @JJ-mn8md 7 місяців тому +2

      It's getting so scary to be in this category

    • @lowlowseesee
      @lowlowseesee 5 місяців тому

      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

    • @patriciajohn8196
      @patriciajohn8196 4 місяці тому

      And Alessi us already retired folks. Fixed income is comfortable, but fixed!

    • @sherrimisner9255
      @sherrimisner9255 4 місяці тому +1

      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!!!

  • @Krinbo
    @Krinbo 10 місяців тому +2

    The money dial tip is genuine fire, gonna apply this to my philosophy and budgeting practice.

  • @elizabethhurtado3737
    @elizabethhurtado3737 10 місяців тому +2

    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! 📝

  • @FMJ777
    @FMJ777 11 місяців тому +1

    Because of you I automate my monthly investments into a stocks & shares isa 🇬🇧 and LET IT COOK

  • @boomergames8094
    @boomergames8094 11 місяців тому

    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.

  • @brendagaskin9010
    @brendagaskin9010 11 місяців тому

    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..........

  • @Monique_1908
    @Monique_1908 11 місяців тому +3

    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! 🤣🤣

  • @isagoldfield7393
    @isagoldfield7393 11 місяців тому +2

    We all appreciate you Remit⭐️⭐️⭐️⭐️⭐️

  • @diannadeerodriguez3718
    @diannadeerodriguez3718 9 місяців тому +1

    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!

  • @WhispersSweet
    @WhispersSweet 10 місяців тому +1

    Thank you for giving actual advice, a lot of financial videos on UA-cam don't give valuable tips

  • @senselessmyth-learns6181
    @senselessmyth-learns6181 10 місяців тому

    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.

  • @fabricefils-aime7142
    @fabricefils-aime7142 11 місяців тому +2

    I bought your book recently. I just start reading it and i 'll get the best of it

  • @mmp495
    @mmp495 11 місяців тому +1

    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. ❤

    • @Kailua865
      @Kailua865 11 місяців тому

      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.

  • @ElsaBasler
    @ElsaBasler 9 місяців тому

    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.

  • @regdesousa9763
    @regdesousa9763 11 місяців тому +1

    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 .

  • @dosemulero3963
    @dosemulero3963 10 місяців тому

    This is those gems that I needed to listen too. Thanks for sharing this content. There’s value in everything that you’ve shared.

  • @tcshy1903
    @tcshy1903 11 місяців тому +8

    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.

    • @mmp495
      @mmp495 11 місяців тому +1

      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.

  • @touncarafatoumata5418
    @touncarafatoumata5418 9 місяців тому

    Am watching you from France and I am determined to manage my money

  • @ellliwhite8773
    @ellliwhite8773 10 місяців тому

    Yes, your videos, inspired and teach us, what we were never taught, Thank you Remit. Keep them coming.

  • @SquatsAndThoughts
    @SquatsAndThoughts 3 місяці тому

    I absolutely love everything in this video. Thank you for excellent life advice.

  • @LoveLight123
    @LoveLight123 11 місяців тому +1

    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!

  • @TheMomLatrice
    @TheMomLatrice 9 місяців тому

    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!

  • @RahimBah1
    @RahimBah1 10 місяців тому

    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

  • @thefinancialneurologist
    @thefinancialneurologist 11 місяців тому +7

    2024 is the time to switch to 4K Ramit, do it for us!

    • @ramitsethi
      @ramitsethi  11 місяців тому +4

      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

    • @debbiek5356
      @debbiek5356 11 місяців тому

      What's the problem?

    • @leonardlee4617
      @leonardlee4617 11 місяців тому +3

      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

    • @JohnnyVichi
      @JohnnyVichi 11 місяців тому

      agreessss , 4k time baby

  • @danikeebler1662
    @danikeebler1662 11 місяців тому +2

    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..

    • @michaeledenOfficialChannel
      @michaeledenOfficialChannel 11 місяців тому +1

      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

    • @danikeebler1662
      @danikeebler1662 11 місяців тому

      @@michaeledenOfficialChannel I hardly missed it. I was dead serious about getting it to ZERO.

  • @miak5653
    @miak5653 10 місяців тому

    This is the best informative video ever on UA-cam. Thank you so much! I will watch it over and over again.

  • @Branpanman
    @Branpanman 6 місяців тому

    I love your advice; it's so pragmatic and balanced... it's brilliant, and actually actionable!

  • @adnesavchen1549
    @adnesavchen1549 6 місяців тому

    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.

  • @physicslawyer9845
    @physicslawyer9845 9 місяців тому

    Saving 30% gross is 50% of my net check. I try, Ramit! The amount taken out in taxes is wild.

  • @grannymekgwe4169
    @grannymekgwe4169 8 місяців тому

    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.

  • @Lulu-po3kn
    @Lulu-po3kn 11 місяців тому +1

    This is great. I'm going to buy your book and get each of my children a copy.

  • @CathyDahut
    @CathyDahut 11 місяців тому +1

    LOVE YOUR CONTENT AND PERSONALITY!!!!!
    HAPPY AND HEALTHY NEW YEAR TO YOU AND YOURS!!!!
    LOVE YOUR PHILOSOPHY TOO!!!!
    EE MUST ENJOY LIFE, TOO!!!!

  • @teacherlynn3996
    @teacherlynn3996 10 місяців тому

    Hey,Ramit. Im a big fan of yours. Watched you on Netflix

  • @mitudharvlogs7042
    @mitudharvlogs7042 11 місяців тому

    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.

  • @russellbaker7026
    @russellbaker7026 10 місяців тому

    Great advice, especially on step one. Great advice, Ramit. Very realistic, very useful.

  • @MrChando1975
    @MrChando1975 11 місяців тому

    Thank you Remit. Be blessed my friend. ❤

  • @chinyerepaige4539
    @chinyerepaige4539 10 місяців тому

    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?

  • @cam-mulvey
    @cam-mulvey 10 місяців тому

    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?

  • @wanjikundungumary738
    @wanjikundungumary738 9 місяців тому

    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.

  • @saharicoasis4083
    @saharicoasis4083 6 місяців тому

    Thanks for a reminder to be on it!

  • @alfredonieto4412
    @alfredonieto4412 10 місяців тому

    Ramit thanks for your súper prácticas, doable, tips for financial peace!

  • @otstent985
    @otstent985 10 місяців тому

    I love the facts that you stick with your message. Thanks for the insight about credit card and saving

  • @piggyshamlls
    @piggyshamlls 11 місяців тому

    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.

  • @senaittes6810
    @senaittes6810 11 місяців тому +2

    You said If you are 40 to 45 you have time, but if you are older what do u do?

  • @jasonmraz3239
    @jasonmraz3239 11 місяців тому +2

    Sir, btw where did you buy that jacket? it looks cool. :)

  • @igorjanevski7878
    @igorjanevski7878 9 місяців тому

    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?

  • @israel-r7
    @israel-r7 2 місяці тому +168

    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.

    • @JonathanLizRoland
      @JonathanLizRoland 2 місяці тому

      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

    • @israel-r7
      @israel-r7 2 місяці тому

      @@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.

    • @JonathanLizRoland
      @JonathanLizRoland 2 місяці тому

      @@israel-r7 Oh please I’d love that. Thanks!

    • @israel-r7
      @israel-r7 2 місяці тому +1

      @@JonathanLizRoland Clementina Abate Russo is her name

    • @israel-r7
      @israel-r7 2 місяці тому

      Lookup with her name on the webpage.

  • @MEATX512
    @MEATX512 10 місяців тому

    Ramit, I want to know about setting up the waterfall method for generational wealth.
    Please ❤!

  • @isouro
    @isouro 11 місяців тому

    Do you have an equivalent”Teach you to be rich”tips or UA-camrs that you would recommend for Europeans? Thanks 😊

  • @NinjasRidingUnicorns
    @NinjasRidingUnicorns 10 місяців тому

    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? 🙃

  • @dearestdarling9467
    @dearestdarling9467 11 місяців тому +3

    Do fixed costs include groceries and other variable expenses in this video?

    • @ramitsethi
      @ramitsethi  11 місяців тому +5

      Yes. You can average out how much groceries cost so you have a stable number.

    • @dearestdarling9467
      @dearestdarling9467 11 місяців тому

      @@ramitsethi okay thank you!

  • @campfire0073
    @campfire0073 11 місяців тому

    Whatta genius ramit🙏

  • @ahosanhabib1267
    @ahosanhabib1267 10 місяців тому +1

    How can i get any e-book( I will teach you to be rich) from Bangladesh Sir ???

  • @addisababa7677
    @addisababa7677 10 місяців тому +1

    Please like, share, and subscribe to this channel. Love you Ramit

  • @coneil72
    @coneil72 11 місяців тому

    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.

  • @Bets23
    @Bets23 7 місяців тому

    Just found your channel, do you have a video for those who are unsavy dan that can't turn back time?

  • @isabella8208
    @isabella8208 6 місяців тому

    Ramit do you have any investment ideas for people living in Europe?

    • @ramitsethi
      @ramitsethi  6 місяців тому

      Same ideas as the USA -- low-cost, long term investments -- but adapted for Europe. Check out the UK edition of my book.

  • @diosadeamore
    @diosadeamore 6 місяців тому

    Wow, American credit cards sound super duper amazing !!!

  • @Nany35
    @Nany35 9 місяців тому

    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

  • @4everIcegurl
    @4everIcegurl 10 місяців тому

    You should attach a template for the year in review questions if you haven’t already created it.

  • @xrpjon_998
    @xrpjon_998 11 місяців тому +1

    🔥🔥🔥🔥🔥🔥awesome content!!!

  • @marcrondon2076
    @marcrondon2076 10 місяців тому

    Hi, I want to know if it's a good idea to buy a property to rent out and then rent a cheaper house than the property I want to rent out.. thank you from the Philippines

  • @brunomanco7529
    @brunomanco7529 10 місяців тому

    From every people i know, basicaly you need to be a smart consumer, dont own a huge house, dont own a huge car

  • @sarahkayeye433
    @sarahkayeye433 3 місяці тому

    Ramit is actually hilarious 😂😂😂😂😂😂

  • @pamelafrancis8131
    @pamelafrancis8131 11 місяців тому

    "i love to make you cry!" Yep, tough love people!

  • @SaiRamDikondawar
    @SaiRamDikondawar 10 місяців тому

    My question is that good to move 401k to 401k IRA ?
    Simply my question which option i can choose from pre tax or post tax contribution in 401k? Currently i am saving 24% tax on 401 k contribution.
    My info : I am saving total 20% into 401k and Roth IRA and my age is 34 and started carrer last year and married

  • @j.4595
    @j.4595 10 місяців тому

    Amazing and thank you.