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So Money with Farnoosh Torabi

886: Ramit Sethi, Author of I Will Teach You to Be Rich

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 15 May 2019

⏱️ 37 minutes

🧾️ Download transcript

Summary

Ramit Sethi, author of the New York Times bestseller I Will Teach You To Be Rich, has become a financial guru to millions of readers in their twenties, thirties, and forties. After the massive success of his first book, I Will Teach You to Be Rich, he's back - ten years later - with a second edition, updated and expanded for a new age. In our latest conversation (Ramit was on previously - check it out), we discuss: The additions and omissions he decided to make in the new version of his book - and why.The untold realities of executing a prenup with your partner-to-be. Ramit shares details from his own experience.The current attacks on financial experts who believe in personal accountability.Ramit started his website, iwillteachyoutoberich.com, as a Stanford undergraduate in 2004, and he now hosts over a million readers per month on his blog, newsletter, and social media. Sethi grew up in Sacramento, the son of Indian immigrant parents who taught him the art of negotiating—his father once spent five days negotiating with a car dealer, only to walk away over a set of floor mats. He wasn’t the smartest kid in his class, but he loved building systems, which ultimately earned him over $200,000 in scholarships, which he used to get bachelor’s and master’s degrees in technology and psychology at Stanford. His understanding of human behavior and money led to him creating innovative solutions in self development. Ramit and his team of dozens of employees build premium digital products about personal finance, entrepreneurship, psychology, careers, and personal development for top performers. The IWT community includes 1 million monthly readers, 400,000 newsletter subscribers, and 35,000 premium customers. Visit Ramit at www.iwillteachyoutoberich.com for more information. Follow him on Twitter (@ramit) and Instagram (@ramit) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So Money episode 886, Ramit Sadie, author of the New York Times Best Seller, I will teach you to be rich.

0:07.6

You're listening to So Money, with award-winning Money Guru Farnu Farnoosh Tarabi.

0:14.0

Each day get a 30 minute dose of financial inspiration

0:17.0

from the world's top business minds, authors, influencers,

0:20.0

and from Farnoos herself.

0:26.0

Looking for ways to save on gas or double your double coupons? Sorry, you're in the wrong place.

0:29.0

Seeking profound ways to live a richer, happier life.

0:32.0

Welcome to So Money.

0:34.0

I was absolutely flabbergasted and surprised that this is one of those things that people really don't talk about.

0:42.0

And then when you do, it's behind closed doors.

0:45.0

Well we are opening those closed doors on the podcast today.

0:49.0

Welcome to So Money, everybody.

0:51.0

I'm your host, Farnoosh Tarabi. We are in conversation with Ramith Saiti who has been on this

0:56.7

show previously, he's a friend, author of the New York Times Best Seller, I will teach you to

1:01.6

be rich, financial guru to millions of readers. Best Seller

1:03.4

to millions of readers. Now he has relaunched his book, I will teach you to be

1:09.1

rich. 10 years later with a second edition updated and expanded for a new age.

1:15.0

Vermeida and I discuss the editions and omissions he decided to make in the new version

1:19.8

of his book and why the untold realities of executing a pre-nup with your partner to be, Ramit

1:26.8

shares details from his own experience, and the current attacks on financial

1:31.4

experts who believe in personal accountability, including yours truly.

1:36.7

Here we go.

...

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