Ramit Sethi, Personal finance guru & author, shares some AMAZING personal finance tips & education to help you get out of debt, save money, and invest conservatively to achieve financial independence!
This is only 8 minutes of Ramit’s full interview on the BiggerPockets Money Podcast.
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Personal Finance Basics In 8 Minutes With Ramit Sethi
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Personal Finance Basics In 8 Minutes With Ramit Sethi
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24 comments
SAVE your money or SAVE the excuses!
But what do people who have no idea how to invest, learn step by step? I just got dinged by the CRA fir accidentally contributing too much in my TFSA
Personal finance management is done better when done earlier: https://youtu.be/RxK8cjfMZtw
If your living paycheck to paycheck you should just get out of that??? Hmmm I think that is why folks are watching the channel 😉
He says buy as many lattes as you want while Graham Stephan says never ever buy a latte. I find somewhere in the middle works best. I treat myself to a latte once in a while, but if you can't even put 20 bucks savings away each check, that's only like 2 and a half lattes.
It’s best to always look for means to multiply money, with my FA Frost Hilda constantly identifying lucrative positions in diversifying my portfolio with stocks, crypto and forex trading, I have been able to build a portfolio that has generated return of over $600k trade profits in the long run. I’m confident in the future of my investment portfolio.
I can't get past the latte thing. $3-$4 a day actually does add up to a lot lol. Definitely worth cutting that out
getting into Investing to create a passive income should be every wise man priority…i made my first million from having a diversified portfolio that spread across stocks, grade bonds, coins and etfs also with the help of a full service broker handling my portfolio. smart investing is key Mr bernardmoore_official is the man.
$50-$100k is middle class? Well fuck I'm poor.
00:17 If you're living paycheck-to-paycheck, you need to get out of that cycle:
C – Cut cost.
E – Earn more.
O – Optimize your spending.
Effective yet often overlooked.
Change my insurance saved $30/month, change where I get groceries saved $50/month, changed my internet saved $50/month, canceled subscriptions saved $40 = $2,040/year
3 dollars a day actually does add up when you live paycheck to paycheck. thats an extra THOUSAND dollars a year that could go to rent, or insurance, or food or other NECESSITIES. if coffee is your only joy, boy do i have some news for you…
3×30=90 x 12 = 1,080
i thought the girl had a lint roller as a microphone for a second
3 dollars a day x 30 days a month = 90 dollars per month. But if you don’t spend that 3 dollars a day and instead put it into an investment with an average yield rate at 10% then in 30 years time you would have over 200 000 dollars. Doesn’t even add up that much? It adds up over 200 000 dollars! Do you realize not everybody are able to save 10-50% of their income right away? Perhaps they start with 3 dollars a day, and build it up from there. I would say it is an excellent starting point to saving. This is exactly why people get intimidated with saving and end up quitting.
great video. i found very well with this books which explains how to you preserve and increase your net worth for personal finance. take a look! https://amzn.to/2JvGZ97
Ramit's book is an absolute killer, helped me understand finance and start building multiple streams of income! keep going people.
I want to master personal finance.
Income is the game changer..solve that piece and the rest becomes much easier. Still need to understand the basics but much more room for trial and error.
Visit financeniyantran.com
His articles are very helpful for personal finance.
https://www.michaelellisonline.com/compensation-plan/?ref=20
Hey, good content! Merit of both the questions and the answers. Congratulations!
I learned about money the hard way http://thegoodlifeblogg.com/2020/08/02/3-life-changing-things-i-wish-i-knew-sooner/
Hi Buddy. I saw your video it is indeed great. I think this can help you too for your subscriber to understand more about managing personal finance.
https://www.accountingsagar.com/post/7-pillars-of-personal-finance