Sounds like all the MLM Huns out there claiming a stay-at-home mom can make 6 figures in between changing diapers, meal prep and homeschooling (pockets of time). Drives me crazy.
This guy is right on target. Most of the individuals making money selling self help materials/books are making their money on telling what to do. (about 80 percent of them) Rather than actually doing what they are teaching you to do. True wealth is built through PROCESS and PURPOSE driven work. Focus on a deeper purpose over a long period of time. The perks of wealth only satisfy to a degree, it’s a means to an end, not the end goal.
The Get Rich Quick scammers sadly prey on the broke and desperate. Unfortunately, the scammers will get at least 10 times more views than real videos like this
Get rich quick schemes are sucker bets. We got there by boring things like payroll deductions into investment accounts, employee matches into 401k accounts, broad market index funds. And the secret sauce - time. I'm retired now and my wife only works because she wants to. We're not part of the Lamborghini set by any means but we are net worth multimillionaires. I suppose we could have had even a little more money but we both put working with good people and living what we call a good life ahead of climbing company ladders and such.
Love this! So thrilled to see Ramit calling out and addressing the plague of "get rich quick" and "look at me" crap that's taken over the internet and social media. Thank you for shedding light over this! 👏👏👏
They’re people online that sell you a course to getting rich without telling you the reason why they’re rich is because people are buying the course to get rich.
I sat through a "free" copywriting webinar last night hosted by Cardinal Mason just for it to be a pitch for a $4000 coaching program on copywriting with promises of 10-15K a month. There were a few tips but mostly just the sale and hype language. So many of these nowadays.
You ain’t lying about getting the sleep right. I’ve been dealing with sleep issues for the last three years; I was diagnosed with and began taking treatment for anemia about a year and a half ago. I didn’t really feel the full benefits until this year, but now that I’ve had more energy, I don’t want to stop enjoying my hobbies and go to bed on time; it’s a work in progress 😂
I see these ads all the time and I always talk back to the screen. If it was really that easy, you wouldn't be "teaching" people how because you'd create competition for yourself and then or wouldn't be so lucrative!!! They got their money (if they even have much) by selling their plan to others..
Worse part is that some people will defend scammers. Even tho when what they be selling you can get it for free or they be pumping and dumping crypto or memes.
There are a slew of people giving financial advice on UA-cam and most of them are not certified financial planners. One thing that I think would be worth explaining is how the everyday person who is not knowledgeable about personal finance can distinguish between all of the different gurus out there, not just the obvious scammers but those who give financial advice that appears valid on the surface. How would an everyday person differentiate between someone like Robert kiyosak, grant cardone, dave ramsey, or ramit?
Honestly, the good ones are all going to pretty much say the same - or very similar things. The basics are to just live on less than you make, build an emergency fund, eliminate or reduce debt, and auto deposit monthly into an index/mutual fund through your 401(k) or Roth IRA. If you can stick with that for the majority of your working life and maybe purchase a home at some point, it's almost hard not to become wealthy (or at least comfortably retired) in your later years.
You absolutely can get rich quick. Usually by being a get rich quick scammer pretending to be rich and giving them a bunch of money for their secret program that's just a bunch of manifesting toxic positivity word salad.
I just started a media business showing people how to invest there saving from simple solar panels. I save 100 per month and now I make an additional 100 from youtube so that is 200 in the plus. I took the saving and upgraded my batteries 50-60% powerbill savings. I'm I headed in the right direction. I saved 17k so far I have no mortgage, credit cards paid off, no car note. I just want to show others my solar power savings and what to with it. great video
I only listen, watch and learn from our business's billionaire clients lol. I compare what youtubers say vs actual rich and wealthy our business serves.
OKAY!! OKAY!! Thank you for clarifying that -you do have to hard work to get somewhere. Man, being a woman working for almost 20 years in a "man's position" and hearing that "making millions for little work" scam -made me think sometimes. Like for me, "I been doing this all wrong!". So now coming from a very smart guy that I already read his book and been doing basically what he wrote, I have been doing this all right!!!! THANKS😀👍👍
Scammers are using your pictures to promote various stock trading or crypto schemes via promoted ads on Facebook and pretending to be you which I find incredibly ironic but I also want to help them shut down
Do you consider FIRE to be get rich quick movement or a scam they tend to have to have a quicker time line to asset growth and the goal is ER but they even admit that most people that do FIRE have to work hard and live frugal at the start and those that succeed tend to do other more work but they do use words like middle class trap.
Not a scam IMO. They’re still working, living frugally, and living frugally to achieve that goal. Whether or not you can achieve FIRE depends on your lifestyle, income, and stability of your investments. So the plans are highly individualized.
FIRE is not a get rich quick scheme. It might not work out for everyone, but if you try fire and fail, you still have a lot of savings and investments - just not enough to retire early. Get rich quick schemes aim to take your money and make someone else (the one promoting the scheme) rich.
Ramit is very sceptical of FIRE, in that it can lead to obsessive behaviour re cutting expenses and that people would be better off working an extra 5-10 years and living their rich life.
Not only that, but when they achieve FIRE, more often then not, they then have no more purpose in life. They stagnate and it becomes a boring existence. Just for some, not all.
@MFTW lol that was before he got to the MAGA part but I still like Ramit. I just don't like that people are disregarding half of Americans just because they voted for someone they don't agree with.
Getting rich doesn’t matter. Getting wealthy does. And it’s only possible by trusting fundamentals. Either you know the potential of a company/pieces of real estate or invest in broad based index funds and hold long. There’s no shortcut.
Ra it Sethi, what do you think of your book adversary MjDemarco, whom is on the side of get rich quick, minimum of 3, around a maximum of 10 years? He talks about not relying on the stock market, but investing in yourself, going from concentration to diversification?
Ramit, I understand that you love LA and NYC. I wish you would stop mocking the midwest (pepper is spicy some places) and (19:33) half of America. You have too much capacity for good to assume those different from you are stupid, uncultured, and unworthy.
No it’s not. If you live in America and expect on demand service, reliable utilities, markets that allow you to buy and purchase goods, infrastructure that meets your healthcare, transportation, education, and safety needs then it is incumbent on everyone to do their small part to contribute to the system. A lot of people just want to consume and not produce. The system isn’t perfect and will never be perfect, but we all can do something to make it better.
Thank you Remit, I’ve cried when you said to celebrate each success. I’ve made my first 5 figures sales last month, and that figures is what I’ve always set on my goal. I’m grateful at that moment though still felt unsatisfied at the time and let down the compliment or the hype given to me. But when you touch on that topics suddenly I’m bursting into tears, as I truly should given myself a good job well done on my first target achieved. ❤
The era of social media and influencers in particular have contributed to stress on people with unrealistic expectations of success and wealth. This is when you should shutdown your feed and focus on something else…..
Some people do get lucky when they play the stock or whatever. But people need to realize the possibility of being lucky to that level is 0.0000000001%. Many people end up losing money for betting on the stock market. And yes, I am really fed up with this new generation of men brainwashing young men into thinking making money is easy when its not. Money dont grow on trees you need to work hard. And most of the time, working hard alone isnt going to make you rich. You need to work hard and work smart. People just don't get it. I also don't like these new generation of older men advising men to not get married and engage in this hook up culture. What it does is that it messed up your brain. I would advocate men to fight for the end of the alimony rights instead of taking the easy way out and not get married and engaged in endless temporary pleasure forever. Its a good thing that many of these men themselves have started realizing that polygamous relationship isn't healthy. Like Dan Bilzerian has recently and I guess Andrew Tate being a Muslim convert now, has tone down on this issue recently.
I’ve actually made a lot of money from Andrew Tates products. Not trying to shill anything. But I’ve heard a few people giving him basic reviews when they haven’t even tried to learn more. Just cos of his abrasive personality, they label him as “scammer”. Maybe, maybe not.
How to get rich quick schemes. I put together a document showing all the schemes. (Shows Bitcoin in 2017). Wow. What a scheme buy Bitcoin less than 1k.
I’m watching Ramit’s videos to gain as much perspective as possible. But to be honest, Ramit suffers a bit from delusions of grandeur and thinks he has all the wisdom in the world. Sometimes his advice is definitely good, sometimes it’s definitely not, and sometimes he even contradicts himself. Ramit is just like 99% of all other financial influencers.
What??? Tate does not profess to get rich quick?? Stop being a moron. Ive got a ton of motivation from watching his stuff. In fact he talks a ton about putting in the effort. Yes some of his stuff is polarizing but that got everyones attention.
Dude is literally bashing an entire state... WTF Ramit? I get you're a big democrat supporter but as someone who has been a loyal subscriber and reader of your content, that's just wrong.
As a resident of Florida, I can confirm there are a lot of scammers lol
Sounds like all the MLM Huns out there claiming a stay-at-home mom can make 6 figures in between changing diapers, meal prep and homeschooling (pockets of time). Drives me crazy.
This guy is right on target. Most of the individuals making money selling self help materials/books are making their money on telling what to do. (about 80 percent of them) Rather than actually doing what they are teaching you to do. True wealth is built through PROCESS and PURPOSE driven work. Focus on a deeper purpose over a long period of time. The perks of wealth only satisfy to a degree, it’s a means to an end, not the end goal.
I love how you exposed the tactics used by 'get rich quick' scammers and emphasized the importance of long term thinking
"Getting rich is easy. The problem is that most people don't like to get rich slowly." Warren Buffet
I've only seen rich people brag about how MUCH they work, never about how little they work
The Get Rich Quick scammers sadly prey on the broke and desperate. Unfortunately, the scammers will get at least 10 times more views than real videos like this
I used to work for your dad at CEC when I was in Engineering school. Tell him Darren said "HI". :)
I will! How nice of you!
The Tate troll bots losing it 😂
I subscribed, you seem very genuine and real. I am an average person looking to win at life in a legal respesctable honest way and you re inspiring
The accuracy of this video is profound. I love all that you do, Ramit!
Get rich quick schemes are sucker bets. We got there by boring things like payroll deductions into investment accounts, employee matches into 401k accounts, broad market index funds. And the secret sauce - time. I'm retired now and my wife only works because she wants to. We're not part of the Lamborghini set by any means but we are net worth multimillionaires. I suppose we could have had even a little more money but we both put working with good people and living what we call a good life ahead of climbing company ladders and such.
I just got your book and can't wait to read it this weekend! Thanks for helping us normal people!
I think the Florida/Puerto Rico is also driven by people’s idea of luxury being tied to the tropics.
nothing like a quick trip to Aspen, Jackson Hole or Whistler to have the mountains make you feel poor lol.
@ haha 😆 so true👍
Call em out Ramit!!!
Love this! So thrilled to see Ramit calling out and addressing the plague of "get rich quick" and "look at me" crap that's taken over the internet and social media. Thank you for shedding light over this! 👏👏👏
They’re people online that sell you a course to getting rich without telling you the reason why they’re rich is because people are buying the course to get rich.
This video deserve 100M views
The Graham Stephan face was funny.
This is why I love Ramit! 😂
I really like you as a person. Not just your financial advice, but you as a person.
Thanks for this video. I really felt this.
I sat through a "free" copywriting webinar last night hosted by Cardinal Mason just for it to be a pitch for a $4000 coaching program on copywriting with promises of 10-15K a month. There were a few tips but mostly just the sale and hype language. So many of these nowadays.
Great video. I appreciate the positivity 🤝🏾
What I do is look at the conflict of interest because everyone has one or more. And what type of fear are they trying to make.
“You’re going to hell for sure” 😂😂😂
You ain’t lying about getting the sleep right. I’ve been dealing with sleep issues for the last three years; I was diagnosed with and began taking treatment for anemia about a year and a half ago. I didn’t really feel the full benefits until this year, but now that I’ve had more energy, I don’t want to stop enjoying my hobbies and go to bed on time; it’s a work in progress 😂
This guy is the truth!
I see these ads all the time and I always talk back to the screen. If it was really that easy, you wouldn't be "teaching" people how because you'd create competition for yourself and then or wouldn't be so lucrative!!!
They got their money (if they even have much) by selling their plan to others..
Google has a quantum computer but can’t get the crypto bots out of the comments 😂
Dude the crypto bots USE the quantum computers 🤣🤣
😂😂😂
loooooooool
It's funny, but the computer engineer in me can't stop cringing on how technically inaccurate the assumptions behind this statement are 😅
@@Sincrow 😭😭
HE DID IT🎉🎉🎉 Nice Ramit
9to5 jobs are great if those paid well. I’m thinking 0% about job/work outside of these hours.
This was a great great episode!!!!
Preach Ramit, Preach!
coming back everytime this is liked
You're describing every crypto bro on Tik-Tok 😂
Fantastic video, thank you
Get Rich Quick Gurus is basically Robert Kiyosaki to the T. LOL I just heard The Financial Diet breaking down his book
Fantastic video!! Just unrelated, Ramit's shirt is perfect.
One of his rich life criteria is nice clothes
Worse part is that some people will defend scammers.
Even tho when what they be selling you can get it for free or they be pumping and dumping crypto or memes.
There are a slew of people giving financial advice on UA-cam and most of them are not certified financial planners. One thing that I think would be worth explaining is how the everyday person who is not knowledgeable about personal finance can distinguish between all of the different gurus out there, not just the obvious scammers but those who give financial advice that appears valid on the surface. How would an everyday person differentiate between someone like Robert kiyosak, grant cardone, dave ramsey, or ramit?
Honestly, the good ones are all going to pretty much say the same - or very similar things. The basics are to just live on less than you make, build an emergency fund, eliminate or reduce debt, and auto deposit monthly into an index/mutual fund through your 401(k) or Roth IRA. If you can stick with that for the majority of your working life and maybe purchase a home at some point, it's almost hard not to become wealthy (or at least comfortably retired) in your later years.
You absolutely can get rich quick.
Usually by being a get rich quick scammer pretending to be rich and giving them a bunch of money for their secret program that's just a bunch of manifesting toxic positivity word salad.
I just started a media business showing people how to invest there saving from simple solar panels. I save 100 per month and now I make an additional 100 from youtube so that is 200 in the plus. I took the saving and upgraded my batteries 50-60% powerbill savings. I'm I headed in the right direction. I saved 17k so far I have no mortgage, credit cards paid off, no car note. I just want to show others my solar power savings and what to with it. great video
I only listen, watch and learn from our business's billionaire clients lol. I compare what youtubers say vs actual rich and wealthy our business serves.
Lots of scammers in these comments. Watch out everyone.
Yes to Florida!!!
OKAY!! OKAY!! Thank you for clarifying that -you do have to hard work to get somewhere. Man, being a woman working for almost 20 years in a "man's position" and hearing that "making millions for little work" scam -made me think sometimes. Like for me, "I been doing this all wrong!". So now coming from a very smart guy that I already read his book and been doing basically what he wrote, I have been doing this all right!!!!
THANKS😀👍👍
At 45 yo, I work 7a - 4p. 401k almost $xxx,xxx. Home paid, cars paid. Kids graduated 1- a Marine, 2- colleges.
Ramit we do have a lot of get rich quick scammers in SF. We call them VCs.
please release your new book sooner because I have added it to my christmas list 😅😅
Good video.
Scammers are using your pictures to promote various stock trading or crypto schemes via promoted ads on Facebook and pretending to be you which I find incredibly ironic but I also want to help them shut down
I fucking love you.
I don't think 'get rich quick schemes' are the biggest issue with Andrew Tate.
I was thinking the same thing.
Well sure, but this isn't an Andrew Tate takedown video. Ramit does financial content and stays in his lane.
lol
😂
Lots of bots in this comment section...
Do you consider FIRE to be get rich quick movement or a scam they tend to have to have a quicker time line to asset growth and the goal is ER but they even admit that most people that do FIRE have to work hard and live frugal at the start and those that succeed tend to do other more work but they do use words like middle class trap.
Not a scam IMO. They’re still working, living frugally, and living frugally to achieve that goal. Whether or not you can achieve FIRE depends on your lifestyle, income, and stability of your investments. So the plans are highly individualized.
FIRE is not a get rich quick scheme. It might not work out for everyone, but if you try fire and fail, you still have a lot of savings and investments - just not enough to retire early. Get rich quick schemes aim to take your money and make someone else (the one promoting the scheme) rich.
Ramit is very sceptical of FIRE, in that it can lead to obsessive behaviour re cutting expenses and that people would be better off working an extra 5-10 years and living their rich life.
Not only that, but when they achieve FIRE, more often then not, they then have no more purpose in life. They stagnate and it becomes a boring existence. Just for some, not all.
FIRE is definitely not a get-rich-quick movement. It's the opposite! But it has its problems: ua-cam.com/video/_IYhLppT0Ik/v-deo.html
Instant like.
Almost anyone can do a Tedx Talk, if you wanna go that way.
10:52 Will it be available in the UK?
I'm a Trump fan and love Ramit's advice 🇺🇲📈
Can you do a coaching giveaway for the holidays?
But I thought you were insulted by this content 😂
@MFTW lol that was before he got to the MAGA part but I still like Ramit. I just don't like that people are disregarding half of Americans just because they voted for someone they don't agree with.
Getting rich doesn’t matter. Getting wealthy does. And it’s only possible by trusting fundamentals. Either you know the potential of a company/pieces of real estate or invest in broad based index funds and hold long. There’s no shortcut.
A lot of BS get rich quick real estate scammers also live in Utah on top of Florida
Ra it Sethi, what do you think of your book adversary MjDemarco, whom is on the side of get rich quick, minimum of 3, around a maximum of 10 years? He talks about not relying on the stock market, but investing in yourself, going from concentration to diversification?
Poor Dad was heavily involved in education in Hawaii. Kiyosaki HATES his father.
That is true
Ramit, I understand that you love LA and NYC. I wish you would stop mocking the midwest (pepper is spicy some places) and (19:33) half of America. You have too much capacity for good to assume those different from you are stupid, uncultured, and unworthy.
3:50 work IS INDEED a punishment. In this case I completely agree with them
No it’s not. If you live in America and expect on demand service, reliable utilities, markets that allow you to buy and purchase goods, infrastructure that meets your healthcare, transportation, education, and safety needs then it is incumbent on everyone to do their small part to contribute to the system. A lot of people just want to consume and not produce. The system isn’t perfect and will never be perfect, but we all can do something to make it better.
Thank you Remit, I’ve cried when you said to celebrate each success.
I’ve made my first 5 figures sales last month, and that figures is what I’ve always set on my goal.
I’m grateful at that moment though still felt unsatisfied at the time and let down the compliment or the hype given to me.
But when you touch on that topics suddenly I’m bursting into tears, as I truly should given myself a good job well done on my first target achieved. ❤
The era of social media and influencers in particular have contributed to stress on people with unrealistic expectations of success and wealth. This is when you should shutdown your feed and focus on something else…..
But hey, if you have all these traits, you can become the two-times POTUS!! :(
Do not remorse comrade! Haha
👏🎉
Wow I did not know that. I thought wealthy people just keep investing and work less
Dude, nobody likes to pay taxes lol
I do
I can’t get rich. Even though I’m making over $100k a year. I don’t get it
Some people do get lucky when they play the stock or whatever. But people need to realize the possibility of being lucky to that level is 0.0000000001%. Many people end up losing money for betting on the stock market. And yes, I am really fed up with this new generation of men brainwashing young men into thinking making money is easy when its not. Money dont grow on trees you need to work hard. And most of the time, working hard alone isnt going to make you rich. You need to work hard and work smart. People just don't get it. I also don't like these new generation of older men advising men to not get married and engage in this hook up culture. What it does is that it messed up your brain. I would advocate men to fight for the end of the alimony rights instead of taking the easy way out and not get married and engaged in endless temporary pleasure forever. Its a good thing that many of these men themselves have started realizing that polygamous relationship isn't healthy. Like Dan Bilzerian has recently and I guess Andrew Tate being a Muslim convert now, has tone down on this issue recently.
I’ve actually made a lot of money from Andrew Tates products. Not trying to shill anything. But I’ve heard a few people giving him basic reviews when they haven’t even tried to learn more. Just cos of his abrasive personality, they label him as “scammer”. Maybe, maybe not.
How to get rich quick schemes. I put together a document showing all the schemes. (Shows Bitcoin in 2017). Wow. What a scheme buy Bitcoin less than 1k.
Ramit is the SAME! Look at all the stuff he's selling in the show description!
I’m watching Ramit’s videos to gain as much perspective as possible. But to be honest, Ramit suffers a bit from delusions of grandeur and thinks he has all the wisdom in the world. Sometimes his advice is definitely good, sometimes it’s definitely not, and sometimes he even contradicts himself. Ramit is just like 99% of all other financial influencers.
What specifically do you think is the bad advice?
He has being in business for a long time. He sounds legit to me
I'm MAGA, you can get your point across without insulting half of Americans.
If you are MAGA you have no idea what an insult is: clue, Trump insults you everyday and you eat it up
What??? Tate does not profess to get rich quick?? Stop being a moron. Ive got a ton of motivation from watching his stuff. In fact he talks a ton about putting in the effort. Yes some of his stuff is polarizing but that got everyones attention.
Dude is literally bashing an entire state... WTF Ramit? I get you're a big democrat supporter but as someone who has been a loyal subscriber and reader of your content, that's just wrong.
You should hear what Trump and nearly all Rep politicians say about California if you think what Ramit said was bad
@ they're politicians, he's not.
@ shouldn’t that mean they’re held to a HIGHER standard, not lower than a finance author/influencer?
@@todd5192 nice deflection
@@todd5192you must not be familiar with politicians in America, both sides okay dirty