My guy, please get fit. You look sick.

@ramitsethi

3 ай бұрын

Show me a video of you so I can critique it please

@eileenwatt8283

3 ай бұрын

​@@ramitsethi😁😁😁😁

@eileenwatt8283

3 ай бұрын

He's not sick he's maturing. People change as they ages.

@TheSweetSpotxo

3 ай бұрын

What is wrong with you? It’s sick that you post comments like this!

@Justchilling8261

3 ай бұрын

He doesn't look sick at all

Counter-intuitive ideas 1. Being frugal can cost you 2. Spending more can save you more 3. Renting can be a better financial decision than buying 4. Paying your mortgage ahead of time isn't always the best decision 5. A financial advisor costs him 6. Passion alone does not pay the bills 7. Money can make you happier 8. Never make an expensive purchase based on the monthly cost 9. Managing money does not just mean tracking expenses

@SuzanneU

3 ай бұрын

Thank you.

Hey Ramit! I found your videos a few months ago and they have really helped me set a financial foundation as a recent college grad. I've been able to save $2000 in 3 months and got my internet bill lowered from $110 to $23 using your methods. I am confident in my finances now and revel in the fact I have a plan moving forward. Thank you for all that you do to educate people!

@ramitsethi

3 ай бұрын

Great work!!

@JakobRoseMorrison

3 ай бұрын

@@glorias.2930 Spectrum! (unfortunately)

@FortniteLittymoments

3 ай бұрын

How did you get ur internet bill lowered? Mine is currently 95$ a month which is crazy

Dear Ramit, I had to laugh because I had a little ironing and sewing business, (along with my in home family baby and toddler-care business) lol. I found word-of mouth customers who HATED ironing and (didn't like the sums being charged by the drycleaners either !). Thanks to my mother and grandmothers, who loved ironing dampened, fresh-from-the-clothesline -in -the -sun, shirts, pants, linen tablecloths... etc, I learned to iron to Navy Standards!, practicing 1st on my dad's handkerchiefs and graduating to pillowcases and then shirts, and similarly loved it. I wasn't too crazy about doing pants, but my customers hated it even more, and were glad to pay ME an increased rate to do it instead! (especially those with military husbands) paid for all kinds of school expenses for my sons and some extras for all of us. my front hall closet, where items ready to pick up were hung, made me quite a bit of money (and friends) over several years! Still love doing it.

Absolutely LOVE this channel! Not only is Ramit a brilliant teacher, but he is hilarious! Love learning about money management skills in an entertaining way. 👌🏽

I don't how I missed your video for years? I am 54 and got a new energy after seeing your videos... you are amazing and nailing the facts directly..keep enlightening us

I'm that spreadsheet tracking dude you talk about at the end. "What they're really doing is playing small" - damn bro that hit really hard, and is the most succinct explanation I've ever heard. Totally on point, and I needed to hear that. Tracking things has helped me gain insight, but now I've turned it into a religious practice.

@SuzanneU

3 ай бұрын

Sounds like me...I just don't spend. It feels as if I have enough already. I did buy new plastic covers for my small zip-up greenhouses instead of botching some up from some sheets of heavy plastic and duct tape!

Love your content Ramit. I just ordered your book and can’t wait to read it! ❤

I really respect this guy the way he lives and he talks. He is just a smart and honest person. All of his points make sense, reasonable, and straight to the points. Other youtube channels, people keep chatting and chatting and I stop watching in the first minute.

"Rent is the maximum you will pay, a mortgage is the minimum you will pay." I am going to use this line - that's great.

Almost finished reading your book and ready to automate my finances. Thank you Ramit! Enjoying the podcast as well, keep up the excellent work.

Psychology about debt. You’re right. That’s me. And I’ll tell you what, when I set goals to, for example, pay the mortgage and do it, it turbos my other goals. It does something energetically and to the psyche.

I really admire this man. He is so honest and natural. No fake personality or exaggerated. I wish I knew him earlier. It's never too late. I am positive 😊

Ramit, you could be accused of being repetitive in your videos but I love it! I've learned so much from them and your podcasts. And your presentation and delivery is just refreshing. ❤

@EvanKnightIsGood

Ай бұрын

Having good finances is exactly that, repetition.

I agree about the buying of a house but I am homeowner (mortgage free)and I currently rent overseas. The cost of rent is once and done, easy to predict 😅 whereas the homes we have owned have often been well over the 3% anticipated maintenance costs. I think Ramit is right about renting if you are transient, are at the top of your needs allocation of your spending or in a high mortgage cost/rates environment. In the UK, where I have my house, buying a house is almost a rite of passage. To a certain extent this conversation is all very privileged... a secure, safe and affordable roof over ones head is the goal!

Thank you for all you do for personal finance. I've intuitively followed your advice over the years without realizing if I was doing the right thing or not (but it felt right to me). I'm glad I found your channel and for clearly confirming what I have been doing makes sense (renting vs buying and reinvesting the difference, keep my finances simple, not paying a % based FA (or any FA for that matter), cutting costs mercilessly on things I don't really care about and spending (not quite lavishly yet) on things I love.

Hi Ramit i just want to say thank you for the conscious spending plan its really helpful. Hope u have a great day bro.

@ramitsethi

3 ай бұрын

My pleasure!

My career has been kind of random (ecologist, urban planner, political aide, etc) but I gained a lot of skills and networking. While my current job (economic development analyst but more real estate) is not my passion, I do make a great salary and it allows me to build my financial wellness on top of mental/emotional health. Mainly because I don’t have issues with setting boundaries to improve my work/life balance. I can also enjoy guilt free spending along with paying off debt. I also rent because it’s simple.

Thank you Ramit. I just put your budgeting technique from another one of your videos into play. And now i just don't worry about my finances anymore, and even feel great about spending my play money. It's a great balance to save and invest for the future while still living life now. Thank you again. You're a gem.

I love this channel, it is so motivational and always put me into action!

thank you Ramit for sharing all of your knowledge, insights and wisdom - I noticed some times people commenting saying "he's just saying the same thing over again" but honestly for myself (can't speak for anyone else), I need this stuff drummed into me and each time Ramit shares something, even if it's a similar message, I always pick up something new or hear it from a different perspective. I really appreciate someone (Ramit) taking time out of their life to make helpful content which is accessible. It may not be helpful for everyone or someone who knows everything already (which I always think there's still room to grow & learn) but for me and I'm sure many others, it certainly is helpful. 💐 Also, for those who already know everything, then you don't need to be watching Ramit's channel, rather you could be making your own videos to share your knowledge with others!

Buying a house isn't always about saving money, although in the UK, it makes sense, especially if you are not living in London. To me, it is about stability, knowing that a landlord isn't going to issue a 3 months notice to vacate during the winter. I guess it is part of my 'rich life'

Been a fan since your Netflix show and about to start reading your book. My coworkers pressuring why I dnt own a house but your right renting is cheaper for me.

Oh my god the bit about black pepper is GOLD! "If you think black pepper or a little jalapeño is spicy, we don't have anything in common. We can't be friends." I had a roommate in college that couldn't handle the mild Taco Bell sauce packets. I mean WTF?

Love that you’re embracing that touch of grey in your hair and beard, Ramiro. Very distinguished looking.💕

Just Bought your book Monday! I hope to start it soon. So glad you came on my feed weeks ago, now I’m obsessed ❤❤❤❤❤

@ramitsethi

3 ай бұрын

Can't wait for you to read it! Thanks for watching

@semini08

3 ай бұрын

Please read it all the way through, and if possible, more than once. On every read-through, I learn something I missed the last time

The Pie illustration is just what I need now🙏🏿😊😊😊

Thank you Ramit!

Love your framework and sharing your lesson and guide

I love to iron. It is relaxing and calming.

Tks! Great vídeo!

As a spicy food enjoyer I wholeheartedly agree with your sentiment, Ramit. I would attend a class of Ramit’s spicy food. Grew up in a Mexican household and grew up on spicy food and then I had Indian spicy food and it taught me that intense spiciness and good food do mix. As opposed to the people who make spicy sauces and food just to dump all their effort into the spiciness and not making the food enjoyable.

@adtc

3 ай бұрын

I call Indian food "spiced", not spicy.

Agree with 99% of the tips... except the prepped meals. From a financial perspective, the cost of ordering prepared meals regularly adds up quickly. Most importantly if saving time is the main concern, most prepared meals contain preservatives and additives to extend shelf life, which compromises nutritional value and contributes to health concerns in the long term (even when the meals are never frozen and prepared by chefs). There's also a lot of waste associated with the packaging and transportation of these meals. A few prepped meals doesn't hurt during a busy week (we used Factor once or twice), but it's a really bad idea in the long run for finances, health, and the environment...

The best channel that speaks logic about money. I am surprised you do not have 1M subscribers yet. You're a genius. thank you for your videos i always watch them.

Hi Ramit, I appreciate your perspectives on money. It reminds us of a balance of living and saving. I mean some spending habits must be addressed in order to achieve the goal. But too much deprivation often backfires. It also begs an individual to discover his or her own rich life. This is crucial for many of us whose minds and standards are flooded with what is on social media. I also like your gradual approach of achievable and gradual savings. It makes me feel like I can make a gradual change today. One day the compilation of these changes will be a big change. It teaches me patience as striving for my goal and also asess or align my expectations as needed.

Great video! Watching it in Guatemala. Thank you

Love your episodes!

I love Ramit!! He is so brilliant and funny too 😂 great down to earth, clear advice! DAVE RAMSEY listen up!!! 😅

always glad to see your projects, you never disappoint. clearest concise.

Dude, you're a gift for our time!

I loved your book and Netflix series. Thanks for the content!

I appreciate you calling out the "hate debt" people, I'm one of them. It stresses me out and I think about it all the time. My goal is to pay off my mortgage so that my high-paying but stressful job feels optional soon enough

Ramit I'm from Brazil and I love your videos!! Thank you so much!!

Love the money dial concept! Most of those are my motivators to make more. Thanks, Ramit!

When financial advisors tell me it's not mathematically sensible to pay off my mortgage early, they never factor in the mortgage payment I'll no longer have in their calculations. In short, it's smart to invest, and it's smart to pay off your mortgage.

@limegimlet

3 ай бұрын

Hmmm. Depends how long you have to go to pay off your mortgage. If there will still be several years left, better to put the extra money to investments that yield more than your interest rate on the mortgage. Compounding really adds up. I am 52 and now am very grateful for my 50$ monthly investments I began when I wa 24.

I heard some advice along these lines years ago, and now I’m in a place in my life where I’m psychologically ready to listen and act on this advice.

Thank you for another excellent, informative video.

I look forward to learning from you each time...

Buying back my time honestly saved me. one thing I will always focus on now , love your videos

Great video man!!

Love this all the way from Aus!

We finally bought a house after many years of renting. It has been a great decision for us. If we compare a similar house for rent my estimate is that we'll break even after about 8-10 years of owning. That's including down payment and closing cost fees, the refinance, mortgage, tax, insurance, maintenance, repairs and upgrades. Once the house is paid off then that's when things get really interesting. Our housing expense will be lower. Plus if we want to travel for a few years we can rent the house and use that money to pay for housing in another city/country.😊

Good video Ramit 👍🏼

I love your low key humour 😁I totally get it when you said people say they don't care about status, yet they drive an expensive ass car or have high end name brand clothes, purses, watches, etc. Who do they think they're fooling??! Lol

Key take away from the channel, I never exercised the spending muscle in a healthy manner I didn’t understand my money psychology Did you know he wrote a book and has a Netflix series?! Jokes aside I love that he asks the why question in a very relatable and explainable fashion. It’s lot all about the actual money but what the money translates to and why you are choosing each pathway. With explanation and facts to back it up. That way you move consistently towards goals. Keep up your work my man! I’m a fan, not of every facet but still a lot of great knowledge and thought process benefits in your videos as a whole

We love you Ramit ❤

I like your approach and preparation of the lesson

Dude you're the goat, I'm considering you from now on my true life guidance and mentor.

U good brother start listening to you. couple months Really good teacher I never invest but I’m going to do now. My son is 12 year old. I order your book and got it second edition give to my son to read and he listening to you and reading. God bless you brother.

Great video, always helpful to give out and receive tips. To add to this, for entrepreneurs, understanding the Lifetime Value (LTV) of a customer can drastically change how you invest in customer acquisition - it's not just about the initial sale but the long-term relationship and revenue. Keep an eye on your customer acquisition costs (CAC) compared to LTV for sustainable growth.

It's like you are making videos to speak right to me.... I'm trying to find things to spend my money on that actually spark joy - the thing is - I can't find much anymore that does that.

Love your approach - just starting to try to separate from my % financial advisor. You mention all the low cost investing options in USA but do you know the best ones for Canadians?? My advisor has me in over 100 positions so to simply this mess is going to be a challenge!! Appreciate the time it might take you to answer this question Kind Regards 😊

Great video, Ramit. Quick question. What hoodie are you wearing at 15:24? I have a longer question of particular quality clothing brands you'd recommend in general, but if you don't know offhand then no need - thanks!

Hi Ramit ! Great video I bought your book loved it I bought 5 extra copies for my co workers to learn to save and invest . Thank you you have been a great teacher

@ramitsethi

3 ай бұрын

It's my pleasure! Thanks for sharing my book

Hi from Mexico, I'm starting to apply the advice from the video 😅

I love your videos Ramit!!! I have been too frugal pinching pennys to build a house and it is nothing but a money pit! I am selling as is.

😂 black pepper is spicy! Thank you Ramit. For all that you are doing/done. It’s appreciated.

Rule number 1, have Jupiter in the second house. 😂😂 J/k I love your content. Your book changed the way I see my relationship with money. Thank you! 😊

Hey Ramit, I checked out your site looking for courses on how to be a financial coach following your theory on money. Is this something you will offer down the road?

Can you please do a video on your net worth? Portfolio? And real estate assets ? 🙏🏽👍🏼❤️ I do appreciate all your financial videos, I just need to see how you did it 👍🏼

Can you show us how to calculate how much we actually need in retirement/investments please? Your statement on over saving and not knowing what to do with your money is a great point.

If I rent out my home (apartment) and live somewhere else, and I still have mortgage for that apartment, do I list the mortgage payments for the "investments" proportion in IWT's conscious spending plan? Or what? Thank you ❣️

Good job Ramit, I have seldom seen or heard a smarter contribution when it comes to private finance. The art is really how should treat your savings. And it even starts before: What are your goals / priorities ? That are the key questions. That was well elaborated.

Some interesting takes and a lot of it challenges the conventional way of thinking, a lot that was manifested by institutions that stood to make the most out pushing people to think that way. Renting vs buying, it is a math equation and one that is a lot like gambling. We bought a house at the right time ,in the right neighborhood, and it seems as this investment is going to pay off, but the phantom cost to maintain and insure a protest are so high that we would have definitely made more by investing all of those funds. Thinking back I don’t think i would change anything. I was right for us. Paying our house off early was a gut wrenching decision but in the end it just feels different not to owe anyone and that peace of mind is invaluable to us. We are able to change jobs not worried as much about compensation and focusing on quality of life. Having that mental space clear is freeing.

I laughed so hard when he said to unsubscribe to the channel if you think that black pepper is 🥵. Hilarious 😂😂😂 love the way you share your knowledge Ramit 👍🏾 Thanks!

Not just great points that I want to focus on more often (especially with less guilt where appropriate) but was definitely entertaining at the same time; like the comment about ironing your shirts to the point of sharp, crisp lines 😂 not sure why I got such a kick out of that but I did

@ramitsethi Have you tried Calabrian chiles? They're grown in southern Italy and have a wonderful spice and flavor combo.

Ramit, what’s the brand of shirt you’re wearing in this video? I like the look. Gotta start building my rich life wardrobe

I love that your line of respect is based on SHUs

I bought the book today!

Hi Ramit I want to invest in index funds. Do you have a link on the funds you recommend? I called Charles Shwab and guy said it’s all online. I can’t seem to find a way to do it online though lol

Please we need more videos on buying a house and how crazy it is

I had NO idea people thought PEPPER was spicy 😅. Also, good advice overall 😂. Forgive me for my unironed shirts, sir.

Thanks for mentioning running the actual numbers irt home ownership. Turns out it's *way* cheaper for us to rent for the next 30 years in our city than to buy. 58k vs 19k annual in favor of renting. The way everyone talks, I really thought it would be the other way around. Makes me rethink a lot of other 'truisms' that I carry about money.

@ramitsethi

3 ай бұрын

Great job running the numbers!

16:10 OMG I love ironing too 😂. I have rules and special tools lol. This is so random lol!!!

100% on that spicy food take.😂

I don't know of any fiduciary financial advisor that would charge 1% on an unlimited amount. Most fees will go down as your AUM goes up. 1% on $2,000,000 is unreasonable and almost never seen. Usually the 1% applies to the first $500k-$1M, and then on a regressive schedule. Hourly is fine and makes sense for many people, but it is not as black and white as Rameet makes it sound. Love your content, and I love how you shed a light on those advisors that charge an ongoing fee for doing nothing but rebalancing and asset allocation.

Real, non-criticizing question: can charity/benevolence be a money dial? Or are money dails more for individual goals/spending? I know there's nuance and personal beliefs to this topic, but it's not usually talked about in reaching personal finance goals and freedoms. I just want to know where it fits, and if there's a such thing as "turning up the dial" that doesn't spill over into self-righteousness or savior complex or self/familial neglect in a healthy personal finance psychology.

Hi! Commenting from California. My boss owns her house. Her roof leaked like crazy during the last storm. She got a quote last week to repair….$26,000. Now she coming in to work late because she is waiting on a second vendor to quote today. I agree, sometimes it is better to rent.

@ramitsethi

3 ай бұрын

I wonder what she would say if you asked her if owning is better than renting

@V8Brah

3 ай бұрын

$26,000 but house is probably worth 3 mil

@alexlee8617

19 күн бұрын

She doesn't have insurance? New roof 2 years ago, quote was 40k, we paid 5k. Bought house 10 years ago 630k, assessed at 1.15M. Have 850k in equity. Works for us. 2.25% 15yr w 350k left. Good w that. You can keep renting... Good with me.

I hate spicy food and never use black pepper but I LOVE Ramit's advice!!! Ramit's podcast gives me all the spice in my life that I need.

Great video

Another good video.

I can't believe how happy Ramit looks when he's ironing... it's ridiculous 😂😂😂😂😂😂😂😂😂😂😂

For anyone who is still fighting the 'buy vs rent' idea and want to buy, here's the best advice I've ever heard: Start an LLC, and buy the house with that. Then pay the LLC rent, and use the LLC to pay the mortgage and ownership costs. The LLC can claim repairs and expenses as tax deductions, and you still 'own' the house. Same end result, different path to get there

I really wish Ramit would include rent increases in the rent vs buy calculator. Of course some times it makes more sense to rent, but if you're going to be in your house 7+ years, it's not like rent is going to be the same (so the initial rent isn't the "minimum" you will pay which ramit keeps repeating, but he includes tax/ insurance increases on the buy side) It might still work out to be cheaper, v but you have to include the hidden costs of both. There's also opportunity costs of renting which are impossible to predict

@wendykornfein3337

3 ай бұрын

I agree. I am planning to purchase an affordable inexpensive cash bought home for my daughter, perhaps even with an HOA attached, which is a hell of a lot cheaper than rent increases, 35 years from now. To replace a roof for $28,000 is due able, as once or twice in a lifetime this may happen. Rents will continue to skyrocket as they severely have been, and she will not have enough funds to survive.

I have thought of the buy vs rent for years now. I bought out my ex when we got divorced "for the sake of the kid", and I feel like I've been house poor ever since, even though I said I'd never be house poor. Now my equity is way more than the single capital gain exemption and the realtor fee would be so much... seems like it's better now to stay because of what it would cost me to sell, and rent here in HCOL area is so high. But I'm now dealing with high maintenance and repair costs since I've been here so long.

I love to splurge on travel and stay at beach resorts. Fresh omelets and coffee in the morning, snorkeling and swimming in the ocean, tanning, and fun nighttime entertainment.

thanks for making finances fun :)

After seeing my unfolded clothes on floor for the past week, I'm gonna start paying someone to wash and fold my clothes :) I tried Hello Fresh because I thought they had prepacked meals, but I still had to cook it up...laaame. I just want someone to dial in my macros and make it for me, then I'll be aaaaall set.

@Playingwithproxies

3 ай бұрын

If you want to just heat up a ready made meal their is another service for that

Yaaaaass. It’s not about monthly payments!!