Ramit, using money to live a "Rich" life is by far one of the most important thing missing from traditional financial models. Thanks for sharing the psychological side of things. Building new streams of income and optimizing what you have is so important.
Don't waste your time put %5 in pretax 401k, put %5 in post tax rothIRA, spend money on what you like and minimize expense of insignificant things(i.e don't buy a goddamn expensive car unless that's important to you). Make your contributions automatic so you don't notice the process. Nothing about how to decide on what investments to use for the 401k or roth. Nothing about generating passive income streams by buying properties to rent out, nothing about investing like an insurance company to minimize risk to your investment etc. Books to read Smartest Investment Book you'll ever read Millionaire next door Why smart people make big money mistakes.
Investing starts with the right psychology. Automating your revenue streams, prioritising and thinking deeply on what things you like to spend on is a great first step. Having guilt free cash means you can take small bets on investments and actually 'start' investing. purchasing a rental property isnt always the best advice if youre not experienced--youre investing in alot of illiquid stress when things go wrong--and when they do they can go really wrong. I think his advice is sound for the type of market hes targeting; creative young employees which should be investing firstly in their careers and experiences and starting to take small steps into investing.
His book was great at taking a person that doesn't know how to even start and holding their hand and pushing them to take the steps esp into Stock Trading and where exactly to go and do. He made it easy for me to get into Stocks and now I'm a Day Trader and I've come a long way since then. He recommends investing in a good Vanguard ETF that matches the S&P and that's great, they have some ETFs that avg 12% interest grown for the past 20 years or more. Also just introducing people to an automated Compound Interest Calculator website is a great motivator and lesson to see how your money can grow. He teaches in a very easy way and that's why he's popular. Not because he has all the most ELITE info to get rich. Most people just need to get the motivation to get started and they need a streamlined set of lessons to start immediately. He provides this. I'll check out the books you recommend to.
Exactly.. It's way more advanced and could be great followup material after they learn what's in Ramit's book. For example. Airbnb has really changed the market for owning property. Property has really become way more valuable because of Airbnb and it's going to keep exploding. But again that's something that needs it's own book to go into.
I've noticed that among the personal development blogs and vlogs there are always people who love it and hate it. For some this helps, and we utilize all advice to create our own systems. For others personal development is a giant scam. Crazy how that works
Great tips on personal finance. It's our philosophies about money that determines how much we get of it and how much of it we keep. Have an awesome day!
CreativeLive ***** you guys are so awesome! I had a life transforming experience. I watched his teach and only a few days later I managed to up sell my work by 400%! I am not joking! I used to charge a laughable $100 per photo session before his course. After a few months, now I charge $599 per session and extra for photo prints. His stuff works! No BullSht
You can save a lot of time if you just watch the last five or six minutes, the rest if fluff... he keeps bringing up topics or situations and tells you he is gong to teach you how to overcome or deal with those things; and doesn't give answers!! and at the end basically is "read about these things" and get specific (as in specific steps).
It is because this video is part of the whole course which consists of about 60 videos so this video doesn’t provide much value just an introduction to later topics, given this is only the first video.
Well he is Selling a Book for a reason. And the book has everything a person needs to turn their financial life around. It really changed my life and I recommend it all the time now. This video maybe is to get you interested in how Ramit thinks and describes things and so this video is good for that. His book isn't expensive though and it really will give all the details required including websites, fund managers, types of investments, etc.
Oh and it's just so wrong to promote your book to help others and expect to get paid for your work on that book. Grow up man. Stop expecting everything for free. This is an intro into how Ramit teaches, how he looks at things, etc. It's not the exact details laid out in the book. Don't call a person a Charlatan unless the thing you actually pay for is full of fluff that doesn't help at all. That is not the case at all.
We are glad you like Ramit's clip. We post clips from our full-length courses here on UA-cam and the complete course is available to buy on our website: www.creativelive.com/courses/money-creative-professionals-ramit-sethi
+CreativeLive Thanks for sharing that info but your URL has absolutely no tracking information in it which makes me wonder how much data you're missing out on.
Wow, a lot of people coming here just to say bad things about this video. I bet everybody is rich and successful and could be better, right ? No, I don't think so.
So this class was put onto my schedule for 9th grade... Somebody help me!! I didn't sign up for this class as an elective and it seems so difficult...!!
It's always a popular view that the government takes out too much in taxes. Yet, proper tax planning should be an integral part of any personal finance goals that one sets.
Hey Kiera, I know I'm late to the party, but what would be of value to you and your personal finances? Super practical, step by step? More evidence to support claims?
limenyande olivier yes, I do. Tell me step by step without the fluff. He is versed in persuasion. I want the core ideas, book recommendations, follow along activities and other interactive mechanisms.
Ok so, if you take an apple, then take a pineapple. Then grab a pen and throw it in the apple and the pineapple, you get an apple, pineapple pen, money stapler, algorithm... Also put the stuff in a lockbox, A LOCKBOX!!!
This video is the introductory of the whole course, so not much value here given that this is only the first video/lesson. If you want the rest, download the app CreativeLive.
Learn more in a better way. The book Football Financial Planning uniquely speaks the language of the football fan. The book metaphorically uses the game of football to help people better understand insurance, investments, and banking. With evaluation forms inside each reader can see what their Financial Team looks like, and what players/products they will need to draft in order to reach their goals and win the game.
soojan shao dude, u cant even be more mistaken. here, let me help clarify that haze in your head for you. LOVE of money is the root of all evil. And money doesnt make you evil. It does magnify how evil and greedy you already are when you have more of it. You know what evil is??? LACK of it. You know why? Here's another evil - LAZINESS. Like you probably are. Money is neutral. Like a gun. A gun won't blow your head off by itself unless it gets to the wrong hands or an ignorant mind.
+Malith Perera I guess I see it as more that in personal development there's a large Grey area for intellectual property boundaries. A lot of people tout the same or similar ideas, and most of their ideas are straight common sense. This video didn't even partain anything of any particular value. Mostly he just talked around the subject without actually putting out any content. so even if he did steal the idea he didn't do it very well
Why does he feel compelled to talk about lattes every time he talks? It's because he has recycled David Bach's ideas (from Automatic Millionaire) and wants to discredit Bach. He will bash the idea of giving up lattes and then talk about what you should give up. It's petty and dishonest. He is arrogant and unoriginal. Why should you listen to 65 year old guys? Why should we listen to him?
Ramit, using money to live a "Rich" life is by far one of the most important thing missing from traditional financial models. Thanks for sharing the psychological side of things. Building new streams of income and optimizing what you have is so important.
Don't waste your time
put %5 in pretax 401k, put %5 in post tax rothIRA, spend money on what you like and minimize expense of insignificant things(i.e don't buy a goddamn expensive car unless that's important to you). Make your contributions automatic so you don't notice the process.
Nothing about how to decide on what investments to use for the 401k or roth. Nothing about generating passive income streams by buying properties to rent out, nothing about investing like an insurance company to minimize risk to your investment etc.
Books to read
Smartest Investment Book you'll ever read
Millionaire next door
Why smart people make big money mistakes.
Good summation...
Investing starts with the right psychology. Automating your revenue streams, prioritising and thinking deeply on what things you like to spend on is a great first step. Having guilt free cash means you can take small bets on investments and actually 'start' investing. purchasing a rental property isnt always the best advice if youre not experienced--youre investing in alot of illiquid stress when things go wrong--and when they do they can go really wrong. I think his advice is sound for the type of market hes targeting; creative young employees which should be investing firstly in their careers and experiences and starting to take small steps into investing.
Thank you
His book was great at taking a person that doesn't know how to even start and holding their hand and pushing them to take the steps esp into Stock Trading and where exactly to go and do. He made it easy for me to get into Stocks and now I'm a Day Trader and I've come a long way since then. He recommends investing in a good Vanguard ETF that matches the S&P and that's great, they have some ETFs that avg 12% interest grown for the past 20 years or more. Also just introducing people to an automated Compound Interest Calculator website is a great motivator and lesson to see how your money can grow. He teaches in a very easy way and that's why he's popular. Not because he has all the most ELITE info to get rich. Most people just need to get the motivation to get started and they need a streamlined set of lessons to start immediately. He provides this. I'll check out the books you recommend to.
Exactly.. It's way more advanced and could be great followup material after they learn what's in Ramit's book. For example. Airbnb has really changed the market for owning property. Property has really become way more valuable because of Airbnb and it's going to keep exploding. But again that's something that needs it's own book to go into.
Absolutely devoid of any substantive content!
I've noticed that among the personal development blogs and vlogs there are always people who love it and hate it.
For some this helps, and we utilize all advice to create our own systems. For others personal development is a giant scam.
Crazy how that works
Very good tips shared by Ramit in this video.
Ramit Sethi, you are amazing. When you talk, it's like a magician is working its magic ... WOW!
Great tips on personal finance. It's our philosophies about money that determines how much we get of it and how much of it we keep. Have an awesome day!
CreativeLive ***** you guys are so awesome! I had a life transforming experience. I watched his teach and only a few days later I managed to up sell my work by 400%! I am not joking! I used to charge a laughable $100 per photo session before his course. After a few months, now I charge $599 per session and extra for photo prints. His stuff works! No BullSht
Thanks for the book recommendations. I love it when people give leads for people to follow-up on
Thank you for this video. Learning a lot.
You can save a lot of time if you just watch the last five or six minutes, the rest if fluff... he keeps bringing up topics or situations and tells you he is gong to teach you how to overcome or deal with those things; and doesn't give answers!! and at the end basically is "read about these things" and get specific (as in specific steps).
It is because this video is part of the whole course which consists of about 60 videos so this video doesn’t provide much value just an introduction to later topics, given this is only the first video.
Well he is Selling a Book for a reason. And the book has everything a person needs to turn their financial life around. It really changed my life and I recommend it all the time now. This video maybe is to get you interested in how Ramit thinks and describes things and so this video is good for that. His book isn't expensive though and it really will give all the details required including websites, fund managers, types of investments, etc.
21 mins of circles with no answers your welcome
+Joseph Ocasio You're right, just a charlatan promoting himself. Thanks for saving my time.
Oh and it's just so wrong to promote your book to help others and expect to get paid for your work on that book. Grow up man. Stop expecting everything for free. This is an intro into how Ramit teaches, how he looks at things, etc. It's not the exact details laid out in the book. Don't call a person a Charlatan unless the thing you actually pay for is full of fluff that doesn't help at all. That is not the case at all.
@@Wolfsheim23 In fairness, the title of the video and the video content don't match.
Thank you I figured it might be but "just in cased" it
Go read those three books he listed and forget this lecture
I want to see the rest of these videos
We are glad you like Ramit's clip. We post clips from our full-length courses here on UA-cam and the complete course is available to buy on our website: www.creativelive.com/courses/money-creative-professionals-ramit-sethi
+CreativeLive Thanks for sharing that info but your URL has absolutely no tracking information in it which makes me wonder how much data you're missing out on.
If I had $160 dollars to spend on a course, I wouldn't be here :D
This is great. Good job!
Excellent!
Ok...
What did I really learn from this?
saving 10% is not enough....come on man....guy telling you what feels good.
Great video!
I don't get how much likes this video has, i'm watching 15 mins.....and have learned ABSOLUTELY nothing.
What a great speaker!
Wow, a lot of people coming here just to say bad things about this video. I bet everybody is rich and successful and could be better, right ? No, I don't think so.
So this class was put onto my schedule for 9th grade...
Somebody help me!! I didn't sign up for this class as an elective and it seems so difficult...!!
'we all buy these books and never actually read them.... so here's a book for you to read' O.o
It's always a popular view that the government takes out too much in taxes. Yet, proper tax planning should be an integral part of any personal finance goals that one sets.
It is helpful financial tip
When does he get to the meat of this topic? I keep hearing "I will teach you this..." but not the actual content
i think that's explained in the book he wrote
Yep... It's all in the book. He isn't going to tell everything for free on youtube.
Refreshing insights! That's funny at the end about women!
Where's the rest of the video?
This book the mllionaire next door what is the author.I found by kindle a few of them with the same title.
wow 21 minutes and you said nothing of value
Kiera Amyot Should of read the comments...
Hey Kiera, I know I'm late to the party, but what would be of value to you and your personal finances? Super practical, step by step? More evidence to support claims?
Kiera Amyot what do you expect ? Can you give some example instead of just complain ? Could you do it better ? How ?
You wanna be spoonfed?
limenyande olivier yes, I do. Tell me step by step without the fluff. He is versed in persuasion. I want the core ideas, book recommendations, follow along activities and other interactive mechanisms.
He's a fast talking salesman
Good guy, but this video doesn't cover personal finance basics.
This is good for those who want a simple plan, if you want to be wealthy then this is not for you.
Jean-Luc Dushimiye i agree... you dont get wealthy by spending money in shopping malls on "$250 shoes and $1.000 trips to vegas"
Nice video
i wish i read the comments first, waste of my data on 20 minutes of BS.
Abdulrahman Alrehan wasted your time on BS comments
LIFE SAVING!
live like no one else...
Ramit Sethi, entrepreneur, investor,speaker,mentor and author of the bestselling book "I will teach you to be rich!!" Talks money
Great explanations and video... You really have this magical ability of explaining things in such a simple and logical way.
The chart is the key
Wow I have not learned nothing but a plug to his website
A person teaching you how to get rich by getting rich showing how he got rich by telling people how to get rich...... Got it
He's trying to sell his books. that's really the only thing I got out of this.
Thanks guys, I read the comments first. See Ya!!!
16:00
I joined the gym (have not gone to it yet)
I went to the gym ( did not lift anything)
Ok so, if you take an apple, then take a pineapple. Then grab a pen and throw it in the apple and the pineapple, you get an apple, pineapple pen, money stapler, algorithm... Also put the stuff in a lockbox, A LOCKBOX!!!
Ramit 👌🏽👏🏽👏🏽👏🏽
Means of a pro of having nicely experience mind wealth
This is just what David Bach is about with his automatic millionaire -talk
Volume seems low.
No content in this video. Its a marketing promo for the books.
This video is the introductory of the whole course, so not much value here given that this is only the first video/lesson. If you want the rest, download the app CreativeLive.
Learn more in a better way. The book Football Financial Planning uniquely speaks the language of the football fan. The book metaphorically uses the game of football to help people better understand insurance, investments, and banking. With evaluation forms inside each reader can see what their Financial Team looks like, and what players/products they will need to draft in order to reach their goals and win the game.
do you mean American football or football football?
Why did I have to miss day one???!?
Money is root of all evil, power influence and confidence all peoples desire
soojan shao dude, u cant even be more mistaken. here, let me help clarify that haze in your head for you. LOVE of money is the root of all evil. And money doesnt make you evil. It does magnify how evil and greedy you already are when you have more of it. You know what evil is??? LACK of it. You know why? Here's another evil - LAZINESS. Like you probably are. Money is neutral. Like a gun. A gun won't blow your head off by itself unless it gets to the wrong hands or an ignorant mind.
HAHA too much troll for this video
I am assuming this guy has stock in Starbucks. Don't waste your 21 minutes listening to this...this is time you will never get back
Why is money such a taboo topic? It’s something we all use, we all need and we all need to know how to use. Why isn’t this taught in schools?
ummm.. many people have said this before Ramit. Funny how he doesnt quote anyone else.
great video. i found very well with this books which explains how to you preserve and increase your net worth for personal finance. take a look!
You keep bushing around the beat
32k dollars (lattes) would sound like a lot of money to those close to broke right now
Man just get to the point
Latte factor, $5 a day, 5 times a week, 52 weeks a year, $1300 a year, 9% average of sp 500, in 30 years compounding, over $210, 000, almost nothing,
lol... it's actually funny that if anyone can actually point out something useful other than just quotes from other people
Kilometres long and centimetres deep
Please...
How much do you have in your bank account Mr. I'll teach you?
only $10 a month? Thats horrible!
He is copying "automatic Millionaire" from David Bach.
Consider this, for every person he speaks to that's heard of David Bach, he probably teaches one who hasn't.
It's all about audience and delivery. :)
Yes then how come you believe financial advice from someone who stole the idea?
+Malith Perera I guess I see it as more that in personal development there's a large Grey area for intellectual property boundaries. A lot of people tout the same or similar ideas, and most of their ideas are straight common sense.
This video didn't even partain anything of any particular value. Mostly he just talked around the subject without actually putting out any content. so even if he did steal the idea he didn't do it very well
Ps, I'm not saying your statement is invalid. :)
He spoke for 20 minutes without actually saying anything. Waste of time.
Stock charts
Stock market
C
Where is God in all of this?
Why does he feel compelled to talk about lattes every time he talks? It's because he has recycled David Bach's ideas (from Automatic Millionaire) and wants to discredit Bach. He will bash the idea of giving up lattes and then talk about what you should give up. It's petty and dishonest. He is arrogant and unoriginal. Why should you listen to 65 year old guys? Why should we listen to him?
Buy latte`s and read book`s, really?
boring you get more out of Dave Ramsey in 3 minutes
What a spinmaster! All glib talk but no real insights.This is like an organized psychological scam.
Not even worth my comment. Please search Dave Ramsey.
Blah, blah, blah. This speaker knows nothing. He talks as if his audience is children.
let me say that all he says is absolutely nothing more than Bs
This guy is verbose.
Why did I have to miss day one???!?