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On Today's Episode:
There are lies about money that you believe to be true right now that are dictating so many aspects about the way you live and the relationships you have. When was the last time you stopped to think about your money beliefs?
If you’re like most people, chances are you’ve never given it so much as a thought and you’ve been working, earning, and managing (or mismanaging) money for years.
Ramit Sethi is a personal finance expert that’s been teaching millions of people how to be rich and live a rich life. In this conversation he doubles down on the need to understand money, and learn how to keep your investments simple. There is no room for your emotions when investing your money and building wealth, and it’s a truth most people need to hear several times.
Some basic money ideas you can take away from this episode with Ramit is that investing doesn’t have to be complicated and you don’t need to buy a house to build wealth. You can get wealthy with investing, but it’s going to take time.
Simplicity - simplify your investments and manage your risk
Check Out Ramit’s last interview on Impact Theory: [ Ссылка ]
Order Ramit Sethi’s book, I Will Teach You To Be Rich: [ Ссылка ]
QUOTES:
“The problem with money is that we’re told all these things and because we don’t really understand how it works we just accept it.” [1:02]
“By the time people turn forty the number one thing they’re worried about is money, and yet the vast majority of people have never read a single book on personal finance.” [2:15]
“If you want to become confident with money you have to be competent.” [2:56]
“What savvy investors do is they do not try to make individual bets. In their portfolio they just acknowledge, ‘I have no idea’…” [10:39]
“People’s thinking calcifies into dogma, and so they think they got it, they think they’ve got everything figured out.” [14:12] Tom Bilyeu
“There are a lot of simple ways that you can make a lot of money, it just takes time.” [28:52]
“Saving money is really important, but spending money is also important.” [59:55]
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