The Secret to Living a Rich Life! (with Ramit Sethi)

I’ve Got a Secret! with Robin McGraw

Peteski Productions, Inc.

Society & Culture

3.4 • 738 Ratings

🗓️ 18 January 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Living above your means is a recipe for disaster, but so is living below them! Ramit Sethi, Financial Advisor and NYT Best-Selling Author, gives the Secret Squad practical tips on how to live your fullest, richest life... without being stingy! Ramit talks about his Money Dial theory, identifying what you LOVE to spend your money on and never apologizing for it. He challenges everyone to stop asking $3 questions (like what size coffee you want) and to start asking $30K questions (like what your savings rate is). Robin and Ramit talk about how important tipping is to both of them, and why giving a little bit extra is one of the best uses of their money. Ramit wants everyone to feel empowered and excited by money, not scared of it! Do the ending money exercise with Robin and Ramit to get a better understanding of your own habits, pulled straight out of Ramit's workbook. More info at https://www.ivegotasecretwithrobinmcgraw.com Episode Resources: Ramit on social: www.instagram.com/ramit/?hl=en Ramit's website: www.iwillteachyoutoberich.com/ Ramit's new workbook: www.amazon.com/Will-Teach-You-Be-Rich/dp/1523516879 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:33.9	Happy New Year's Secret Squad. I'm thrilled to be back with 2023's first episode of I've Got a Secret.
0:41.3	The new year is a great time to create new goals for yourself. So I thought it would be perfect to have financial coach and author Rumiite Setti on the podcast.
0:51.5	Fortune magazine called Rameet, the new financial guru, and the name of his business
0:56.7	says it all. It's, I will teach you to be rich. He's going to teach us financial fundamentals that
1:03.8	you need to start building your personal rich life. And his advice is not about restriction.
1:10.2	It's about deeply understanding your own habits and
1:13.5	goals. This is the secret to building a rich life. Thank you so much, Rameit, for being here with me
1:22.0	today. Thanks for having me. This is going to be such a wonderful new podcast for the new year. I know
1:29.4	that it's going to be full of information that everyone needs to know. So tell us about your
1:34.9	early relationship with money. You paid for college and grad school on your own. Is that right?
1:41.7	Yeah, I grew up the son of immigrant parents and they told us that, of course,
1:47.5	you know, they planned for us to go to college. They wanted us to go, but we needed to find a way
1:52.2	to pay for it. And we had a pretty big family. So they taught us a lot about money, but we had to
1:59.3	find our way. And so I love systems. I like building systems so
2:03.5	that I can do something once and not do it again. So I built a system to apply to about 65
2:08.7	scholarships, which ended up fortunately paying my way through undergrad and grad school. But I'll
2:14.5	tell you something, I thought I was a genius at the time because I took some of that scholarship money and I invested it in the stock market.
	...

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