In this interview Steven sits down with Ramit Sethi, a personal finance adviser and host of Netflix’s, ‘How To Get Rich’. How to spend money...
In this interview Steven sits down with Ramit Sethi, a personal finance adviser and host of Netflix’s,
‘How To Get Rich’.
How to spend money is the way how you either 'become Rich' or 'go Broke'.
Traders lose money, also they lose their time of their life!
Investors treat investing like watching paint dry. Investing in boring & automatic.
Buying a house involves,
- Maintenance -
- Inflation -
- Opportunity Cost - like invest in S&P500
- Interest on Loan - Phantom Costs
The cost of 'Renting out' an Owned House
- Mortgage Cost
His advice, including many other advisors is,
- Invest in Funds 'Early & Long Term'
Video Timeline
- 0:00 Intro
- 03:05 Why should someone stay and listen to this episode?
- 04:53 The language of money
- 06:03 Numbers we should know
- 09:47 How many people are clear on their rich life
- 15:40 Why people should think twice about buying a houses
- 26:00 The S&P500 & investing
- 37:00 Compound interest calculator
- 44:20 What are the characteristics of someone that will end up little money
- 47:44 How do I increase my income?
- 51:47 Optimising your skill sets
- 59:11 Should I invest in cypto
- 01:04:13 Always have 1 year of emergency funds
- 01:04:52 How much to invest & what you shouldn't question spending money on
- 01:06:30 Business class flights
- 01:07:54 Always buy the best
- 01:08:38 Always spend on these 2 areas
- 01:11:16 Work only with people you like
- 01:12:59 don't get caught up in the numbers
- 01:14:02 Talking about money with a partner
- 01:29:09 Character traits of people that will never get rich
- 01:33:18 The last guest's question
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| I Will Teach You To Be Rich Paperback – 23 March 2009 |
Get the book here https://amzn.to/3ODJWDO
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