When we hit $1 Million last 2 years it felt good but was kind of anti climatic. We also just keep living our simple lifestyle - none of our neighbors or friends would even guess our financial situation. However, despite market gains, our portfolio has seeing great decline. Seeking to improve it and maximize returns.

@AmeliaLopez144

4 күн бұрын

Everyone needs a Margin of Safety in their portfolios. While I can't offer personalized advice, consulting a fiduciary advisor is crucial for sound portfolio restructuring.

@EnginAltan303

4 күн бұрын

De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I have been investing for 11 years, 5 with a financial advisor, I've achieved a 10x return compared to DIY efforts, totaling nearly $2m ROI. My best yet.

@XiaoZhangprivatepag

4 күн бұрын

Glad I found this discussion. My portfolio hasn't done well lately, and I think I need a financial advisor. How can I reach the person helping you?

@EnginAltan303

4 күн бұрын

She's known as "Melissa Elise Robinson". One of the finest portfolio managers in the field also widely recognized. Just research the name. You’d find necessary details to work with and set up an appointment.

@XiaoZhangprivatepag

4 күн бұрын

What a share!! it was easy to find your adviser. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

I stopped letting price influence which ice cream to buy myself. It's a small and silly thing, but as I've reduced the amount of treats I eat, I would much rather get my very favourites than stock up on things that aren't my favourites just because it's cheaper to do so. I may enjoy the kinds on sale, but they aren't my very favourite, so now I get my favourites.

@jenlollygag6815

15 күн бұрын

I love this

@SuperTikes

3 күн бұрын

Wow....I just tossed the last bit of my ice cream in the freezer this week. They were buy one, get one free and my favorite ice cream wasn't on sale. One jar of my favorite was more than the 2 on the deal. Well, they weren't anywhere near as good as my favorite and I ended up forcing myself to eat them. Thank you for the wisdom :).

I'm far from a multi-millionaire and can confirm that relating all purchases as a percentage of income is a better way to assess whether you can afford something. I like your list, it's solid.

I stopped saying “yes” to every gig. I’m a musician, and music school trains us to hustle hard for every opportunity. Now I say no to most things, so I can have control over how I spend my time.

I get a 90-minute massage every two weeks without fail. I also just changed from a $20-a-month big chain gym that was always crowded to a high-end fitness center with a zillion (free) classes, top-of-the-line equipment, Olympic sized indoor and outdoor pools, and sauna. When I sat down with the facility rep to talk about how much it cost, I mentally calculated how much the fee would be annually ($1,860). By looking at that big picture instead of the monthly fee, I realized my health was definitely worth it. I love going there! Rich life indeed...

@feliciawilliams5720

21 күн бұрын

Yep 👍🏾

@jenlollygag6815

15 күн бұрын

We LOVE to see it

@theRetainer

15 күн бұрын

Did you use the % approach? How much is that as a % of total income? Does it really contribute to your rich life? Hopefully, you're not getting things confused.

As I've made more money, I have started budgeting and don't eat fast food unless I'm on a road trip. If I'm going to spend money eating out, I'm going to sit and enjoy it or cook it myself.

As I made more money, I stopped hesitating to order drinks and appetizers with my meal. I was raised to only have an entree with water for my meal. This is by far the best "value" approach to dining out, but I don't have to be solely focused on value now.

Funnily enough, I didn't stop doing things, I did more things as business and investments gave me more time. I always wanted to fix my car instead of paying someone to do it (along with many other things around the house), so when I had an issue with my car (or anything else), before I would take it to a mechanic to fix, cause I had "more important things to do" and was always busy. Now I would go on youtube, find out what the issue could be and take the time to fix it myself, even if it took 1 week. When it was fixed, I would get great satisfaction that I learnt something new :) Since Ive had more time, I've learnt to weld, learnt to fix the car inside and out along with other things around the house 😂

@bebepixiee

24 күн бұрын

This is amazing I wish more people did this. It is so empowering! Great job!!!!!

@bgoode652

24 күн бұрын

Yeah, I use to do these types of things because I couldn't afford to pay people to do them. I have a weird collection of knowledge that most people don't get. I also really liked doing these things so I realized it was less about saving money and more about doing the things I enjoy....learning.

@saucheung8160

24 күн бұрын

That's great. Sounds like you enjoy working with your hands.

@sia.b6184

24 күн бұрын

@@saucheung8160 yes, in my "day job" I "worked" with my hands too, but it was more around typing 🤣, now I can really work with my hands the traditional way. It is very fulfilling.

Have been in the multi club for a few years now, and of all the services and life hacks that come with the resources, the smallest changes can be the most satisfying. For example, the most universally hated experience among everyone is listening to ads and sales pitches from every angle of life. Paying money not to be interrupted, feel sales pressure, or suspect manipulation for sales pitches nonstop is the most rewarding thing ever lol.

@joyfulone1

4 күн бұрын

Totally agree, however, now advertisers are paying content providers (including Ramit) to advertise their product in the middle of their KZread video. It’s totally annoying and I make it a point not to buy or even consider the product or service being advertised and I fast forward thru the ads. I pay KZread a premium to not have to see or listen to ads, yet again advertisers have found a way around that.

I get a haircut every two weeks and have monthly massages. Over the course of a year haircuts and massages each cost me less than 1% of my earnings and it stopped making sense to stress over it when expanded out. Also getting FULL OUTFITS when I buy clothes, no more of I have nice shirts but no pants or shoes to match. I still hunt for deals but I no longer tolerate partial fits when it comes to looking good.

@BillyJeen

19 сағат бұрын

I love your idea of full fits!

@SnoringTurtle

18 сағат бұрын

Lol

Thanks Ramit! I have been putting off doing so many things for no reason at all! Today after watching this, I booked a massage, an oil change for my car and a haircut. I definitely need to stop putting things off!

My wife and I stopped doing lawn work. I don't like doing it. It takes me 3-4 hours to do something professionals can do in under 30 minutes. It also looks much better.

@feliciawilliams5720

21 күн бұрын

Yeah 👍🏾. I enjoyed doing it but I got sick & started paying. They do do a better job 👏🏾. Makes my life easier……👏🏾

I like what you said: "Respect your time" This is essentially the theme of this video

As I have more money, I have purchased less basic things, because I have discovered over time I can scavenge or buy on sale almost everything I need, if I collect it before I need it. Its a little more scarcity than abundance mindset, but as you get older the things you need to buy declines exponentially, potentially allowing you to increase your savings rate quite a bit, over just starting out.

@carcar5467

25 күн бұрын

Me too! I have the freedom to not need other people. I can fix it, update it, clean it myself and send the yahoos packing for the most part. Saves me money and I can do it the way I want it done to perfection if I want it. Independence is such a wonderful thing especially if you have all the money to do it :)

@sct4040

24 күн бұрын

I have the same experience.

@AnselWatts-gl6lj

9 күн бұрын

😅😅

I stopped bowing down to my advisors (lawyers, CPA, doctors, contractors, etc.). Most people are afraid to talk back to the people they pay to work for them, but after I became relatively wealthy, I no longer follow their plan aimlessly and accept anything they say or do.

Awww, "Skinny Ramit" was cute!

I’ve stopped watching ads. I took KZread premium and it’s awesome!

@bettytheeagle

24 күн бұрын

Me too!! Worth it

@feliciawilliams5720

21 күн бұрын

Wow 🤩

Eating same thing every day sounds like personal hell for me, but I get your point.

We've stopped looking at the prices of necessities (food, gas, etc) and instead choose the best option for ourselves. It cost what it cost, too many people get so worked up over the price of x when it's not controllable.

@jehan9

24 күн бұрын

Yes. Unnecessary stress.

@SuperTikes

3 күн бұрын

This is a good way to look at it!

I Money Balled and Matrixed my life. Money ball is about statistical joy, so I stopped spending time with energy sucking negative people, set my credit card to auto-pay, and focused on experiences rather than material things. I've never spent more than $5k on a car. My favorite Matrix quote was "There is no spoon" which meant question your pre-existing thoughts. Specifically learning about fractional dividend investing in 2020 changed my investing life. I educated myself and ended the myth that overseas vacation had to be expensive. I usually go on multiple vacations yearly because i got out of my own head and go during off season. I rarely need to spend over $2,000 USD on a vacation and I soak in the fun. Stop doing what others expect you to do, and do what you want to do that brings you joy.

Such value in this YT Video. Thank you Ramit .. I thought I was doing the right style of budgeting. I have a lot to Re-consider. ❤

That part about not telling people what to do - THAT IS GOLD. And I think that's what I've always hated about delegating in the first place, it's not usually the hands-off experience I had been looking for. Thank you, Ramit!!

Wife and I just got back from a two week vacation where we flew business class for all the 7 flights we took in that time. This was our first time flying Business class and we had booked it mainly with points. But we found so much value in it that we decided that all our future long haul flights will be in Business class - even if we have to pay for it. We don't yet make as much that we can buy business class tickets without worry. So we have now setup a proactive system to put aside a few hundred dollars each month that will fund these tickets. This money comes from actively cutting down on expenses that don't add any value (mainly eating out) and also separately budgeting for it.

@karenkehler7331

24 күн бұрын

My husband and I discovered the same - new rule! for business class - we're both tall - it was life changing!

@joannat1898

24 күн бұрын

I do the same! Money well spent when you arrive to your destination refreshed instead of tired and sore.

@TeresaSnowden-po3es

23 күн бұрын

Love this idea to set aside the money ahead of time!

I love your health and fitness goals to not accept mediocrity! 😊

I hired a maid. My apartment has never been cleaner.

@user-sc8ux4nn1u

22 күн бұрын

Maids are the lick-re!!❤❤

@feliciawilliams5720

21 күн бұрын

Yeah I get that 👏🏾

Love these videos! I’d love to listen to an audio version in the podcast feed on Thursdays!

when i learned some of the concepts that Ramit offers, like his excel worksheet, wow, did i learn that you dont have to stress out about spending money. for the first time in my life, i was able to swipe my card even on the purchase of gas and feel confident! now that income is coming again, I am excited to feel that way about paying my bills and also spending money on the things that i love, like buying my sisters lunch, or paying for someone's sandwich! (doing the things that alleviated me when i wasn't financially literate for other people). I know i sound like an ad, but it really did work haha. ramit youre awesome! thank you for helping educate the public!!!

Always great content. I created my own financial rules based on it and I already feel less anxious.

Very informational video. Took notes and will start applying them myself

I love your lessons Ramit, found you first at the Netflix show. Thank you - 🙏

As my money has grown I spend more on small conveniences. For example I go out and buy $4 cardboard moving boxes from Home Depot, as many as I want, when I need boxes instead of agonizing in looking around the house find old used damaged boxes to use. It’s such a small thing but alleviates such a large headache.

@joyfulone1

4 күн бұрын

Go to a mall a little after the stores close. They set out their empty boxes outside their doors. They have plenty of free clean boxes. You’ll save a ton of money by reusing the cardboard boxes

@fml5910

3 күн бұрын

@@joyfulone1 Right, and you can get good, strong cardboard boxes for free at Aldi, Costco. Maybe even big box stores.

kind of expanding on "not needing a Netflix show to always look good". I remember David Goggins once said something along the lines of "think of the version of you that you present for yourself at an interview, you should wear that version of you every day" and that really resonated with me. Just sharing incase someone else might enjoy that too. Great video

I do exactly what you mentioned. I get 2 massages a week. Haircut minimum once every 2 weeks sometimes once a week. If it’s something healthy like vitamins and minerals I purchase without hesitation. Also massages are for your health. In addition I do saunas and steam room every week with pool time. Anything that adds value and healthy to my life I get without thinking. As Ive aged Ive come to understand that my health and happiness is critical and I will not sacrifice myself over a couple bucks. Great video. I did a video on this myself. Thanks

Great insight

I've been budgeting for the past three years and adapted the percentage philosophy when it comes to income. I no longer have a scarcity mindset but I did for the first time exceed my leisure budget in May. It was a little alarm clock. Among other things, what I take away from this video is to also think of expenses in percentages of the total budget. Thank you. Subscribed.

That's really cool! I've always thought about money in terms of percentages. I made a goal long ago that I want to reach a level of wealth where a round trip international business class flight for 2 will cost 0.1% of my net worth.

I stopped buying the cheapest of something. I don't seek the most expensive but weigh a price to headache ratio. For example I only own new cars. I don't buy luxury brands because I don't care about what kind of car or the status. However, I want to minimize future problems or mental space so I only keep vehicles to 60000 mile.

@feliciawilliams5720

21 күн бұрын

Now I’m the opposite. I never buy new cars & I only buy luxury vehicles 🤷🏾‍♀️. We all have our own rich vision 😏

We're not even halfway through our FI journey and we travel like this already. We research a place for months and go off the beaten path often, when a guide who knows the place. The only difference is that we tend to do this in areas where the US dollar goes farther. In fact, there's ways to do most of this on an average income, especially the health aspect.

The shift in mindset about spending and prioritizing as described in the video is crucial for anyone looking to not just accumulate wealth but also enjoy it meaningfully. Delegating tasks and investing in experiences that align with personal values isn't just smart; it's essential for sustained success and fulfillment. 💰

Great vid Ramit.🙌

THANK you for this type of content. If you’re already “there” then what?! I appreciate it.

Wow 🤯 mind blowing advices

We decided to tip very generosity -( percentage plus add $20-$50 more) as our desire to 'be generous' in unexpected ways. I pick up pre-ordered food-household items or have it delivered to house- (I think that kept me from getting sick last few years!) and yes, we're both tall +6ft and discovered Business Class flights - that's now a MUST!

I’ve come to the realization after watching a few videos of your financial content that your target audience is not everyday people. It’s for people who have finally reached wealth or new money. And you are guiding them to the process of not going out of control with it.

@AIRBORNE916

24 күн бұрын

you should keep watching. You don’t get to that point without knowing the principles. The examples he gives are little un relatable, but it’s all relative. I can’t relate to hiring a personal photographer to teach me how to shoot, but I can relate to taking my car to a mechanic instead of spending an entire weekend trying to fix my car and still needing to take it to the mechanic anyway.

@AudraLindsey-YEG

24 күн бұрын

Watch more... it's more about how people interact with and FEEL about money. There are lots of different types of couples Ramit talks to. Some are months to weeks away from going broke. His system works.

@strongheartfitness

24 күн бұрын

Ramit is basically saying that our Rich Life should consist of things we enjoy. And to go and create it.

@warren2336

24 күн бұрын

No. His content is aimed at teaching people how to live a better life with what they have. Read his book.

@feliciawilliams5720

21 күн бұрын

@@AIRBORNE916no…you have to watch the episode of ‘we spend 98% of our income” & the recent couple who refused to f/u because they didn’t like what he said about changing….it not only for well to do couples. I just wish he would do single people…..

Started late to save and building house. Most assets tied up in house. Do I sell to grow investments. Always knew house is not an investment. Going thru a divorce soon. What is best to financially get ahead? No debt.

I’d love to see you on Hot Ones and see your heat tolerance. 🔥

My rich life had a fitness trainer a few times a week and since January I’ve had one. I’m stronger and enjoying paying for that service

Getting my weekly shop delivered! It’s amazing what you can do with a free Sunday each week!

@Rashaadthegr8

24 күн бұрын

weekly shop?

@BeleducMartello

24 күн бұрын

so how do you spend that extra day?

@warren2336

24 күн бұрын

Same. Walmart started offering tip-free delivery in my area and it's been life changing. I have an extra hour or two every week to do with as I see fit.

@Lordtrainman

24 күн бұрын

@@BeleducMartello I have a son, so we go out for activity’s, see family, do day trips. It’s been really rewarding so far :)

@Lordtrainman

24 күн бұрын

@@Rashaadthegr8 groceries for a week? I’m in the uk so the terminology might be different :)

Damnnn this is useful info.... Im not a millionaire but some of these basic things would really improve my life!

As a net worth millionaire on paper (with debt), I always look at prices. How much does a meal would cost in total even if I have the money, how much would a manicure that I get once a month or once every two months would cost, etc. Some things don’t make sense to us, at least not right now in life. Business class tickets for $3K each vs. almost half of that per ticket at economy. Healthy groceries is something we don’t compromise though.

Not looking at how much things cost is an absolute game changer. I now worry a lot less when I see a huge price tag on something as long as my CSP says I can afford it. I just buy the best of everything I want as long as I have saved, invested, and covered my fixed costs. Thank you Ramit!!!!

Pre-Covid I was a member of massage envy and paid a monthly membership fee. However, during the covid lockdown I couldn’t go therefore I canceled my membership and I bought a massage chair. I can now have an absolutely wonderful massage every day, multiple times a day if necessary without the monthly fee + tip. Massage chairs are wonderful and well worth the investment. I’ve saved over $4K on massages thanks to my massage chair! I’m Living my best life and my rich life!

can you make a step by step video of where to invest. have seen many videos and i already was doing what youre saying but cant do the investement, because dont know where, which app, which funds, which risk percentage

@ramitsethi

23 күн бұрын

Have you read chapters 3 and 7 of my book, I Will Teach You To Be Rich?

Daaaaaammn, you make that tank look good 🔥 🔥

How early do you think a business owner should hire an assistant?

Sucks all the spam comments. SPAM! I started buying less spam when I started making more money. And eating out, I meal prep which saves a ton of time and money 💵

Would love to know we can go to for flat fee! Have found that to be a struggle.

The biggest takeaway for me has been to prioritize building a team and delegating. You can go further together than you can by yourself.

I’ve actually stopped mindlessly spending the more money I accumulate and think more about quality/value so when I do drop $$$ I know it was a great, lasting purchase. When I made less I spent more but now it’s the opposite ever since I started making 6 figures!

I need that sweater

@feliciawilliams5720

21 күн бұрын

He spends alot on his clothing…a lot. Line $7000 for a sweater 😏

I stopped mowing the grass. Have it cut ona regular basis and takes the stress away. Use that time to do other things like ride my bike😊

Olá , então Hoje comecei a acompanhar a série, na Netflix como fica rico e já vim te procurar nessa plataforma. E foi de 1 já ganhou um Escrito. Parabéns pelo conteúdo.

Stopped looking at prices for normal consumable goods (groceries, drinks, food etc)

Accepting mediocrity is so damn true boss

This advice is for people who is wealthy and have high income. What if you are wealthy but has lower income. Does these still apply ? I don't think so but would like your thoughts 🤔

How can I contact you?I live in China

Stopped buying just enough to get but. Getting food in bulk I worth in so many ways. Don't need the multiple trips to get groceries either.

People we can not equate ourselves with Remit. He is a famous person. Most of us don't earn enough to afford what he can afford as a % of his total income. This video is not a license to go out and spend like crazy.

Run it

I stopped mowing my lawn. I still agonize over small purchases; it's an affliction :/

Buying the biggest sized food item. Value for money isn't value for money if it way exceeds your caloric needs.

Please attach links to this sweater. I hope this is not a 10,000$ sweater.

@feliciawilliams5720

21 күн бұрын

It probably is….he spends a lot on his clothes 😏

@Mbgitw007

18 күн бұрын

Maybe $3000-$4000 😂

I stopped being so cheap, I pay for dinner for friends and stuff now when I was always trying to pay as little as possible when the bill came before!

I’m not wealthy, but I can afford my lifestyle. TBH, I like spending money on experiences. My daughter and I had the opportunity to spend a week in Mexico last year. We went to the zoo in Guadalajara. Feed a manatee? Yes. Feed spider monkeys? Also, yes. Now, we’re trying to find out what other animal experiences we can have in the US. She really wants an up close and personal experience with a red panda. I don’t know why, but I want to have an experience with a wolf. We’re strange like that.😆 My stepmom invited us to stay with her in Detroit. I’m already looking at what kinds of experiences we can have around the city. I asked my daughter if she would be willing to take a helicopter ride over Niagara Falls. She said yes. Now, we wait until my stepmom can host us.

Without health, wealth doesn't matter.

I stopped wasting time on stuff that doesnt matter.

When your flight is over 4 hours and you go to business class, is that up from economy or down from first class?

@trmoore0922

24 күн бұрын

Up from economy. Long flight -> more comfort

This is too much to digest for average Joe. Lets see which one Is do able.

“My money is good money”

I think $3 million will be enough to retire.

@sct4040

24 күн бұрын

$1m is enough for me.

@feliciawilliams5720

21 күн бұрын

I’ll take either 🙄

Doing my own taxes. I have an excellent CPA.

Pov: You're thirteen years old and, you're watching stuff that won't be of any value until 23. (Why start working at 23 and not 21? Because I want to get a Master's degree because you have to get if you want a great job not be a lottery but with a 60 percent chance of winning.)

🙂

7:56 whoever is writing your content needs to double check it unfortunately. I've noticed multiple typos, formatting errors and sloppy work posted across your newsletters, website/ digital content and KZread community posts. Email replies are fine, it's the static content that has issues. Hope this isn't too harsh to point out, if it was my business I'd rather know than give a bad impression that could put people off. Please hire someone to proof read.

I listened to this dude, n ima have to pass. His advice personally doesn’t jive with me. Ima still follow Dave Ramsey ✌️

That Hostinger sponsor sounds cringe af.

❤❤❤❤❤

Multi-millionaire (5+) is correct. A millionaire? You still wouldn't be able to hire everyone to do all these things for you especially when most people will have it tied up in a 401k or a house.

Now I have to like real millionaires 😅

I stopped cutting my own grass

I get a haircut every 8 months, but last time did it after 4 years. Im a cheap B#$#$%

Now Sir Began to Copy Ali Abdal editing Nice its good bcz i just click him due to sir clickbate thumnail

You guys need to stop being poor and afford most expensive trips, restaurants, and advisors. And you too will turn into a millionaire.

Imo fake millionaires rent rather than own their home. I would never feel rich if I didn't own a home.

@ramitsethi

10 күн бұрын

Your feelings about money are highly uncorrelated with how much you have in the bank

@whisper2441

10 күн бұрын

@@ramitsethi I don't think about money as I just buy what I want whenever I want.

Your only grows half inch in A MONTH.

every yuppie gets the "travel" bug . it just seems like a flex

@ramitsethi

24 күн бұрын

Maybe there's a reason for it that you just don't (yet) understand. Or maybe travel just isn't for you! But I find it's much more useful when we apply the D-to-C Principle: Disparagement to Curiosity. Why might other people want to travel?

To be HONEST, I stopped the video once you added the word, "MULTI" to millionaire. When you become A millionaire nowadays (especially if you are counting net worth as a couple), it's kind of like a "quarter of a millionaire" back when the book "Millionaire Next Door" was written. As such, you STILL need to sweat the $300 sushi dinner!

I have my own consulting biz and now 1) hire a copy editor for final deliverables instead of obsessing over the that myself and 2) get a facial + peel every month to keep my skin looking as good as possible instead of waiting until I've got a client presentation or workshop.

Wait…no kids? Ah no wonder!

You looked better thinner. You looked like you had time for a wife and don’t spend 3hrs per day at a gym.