349: Ramit Sethi - Living Your Rich Life

<p>Ramit Sethi (IG: <a href="https://www.instagram.com/ramit/" target="_blank" rel="noopener noreferrer">@ramit</a>) is the author of the New York Times bestseller, <a href="https://geni.us/8AMl" target="_blank" rel="noopener noreferrer">I Will Teach You To Be Rich</a>, and has become a financial guru to millions of readers in their twenties, thirties, & forties.</p> <p>He started his website, <a href= "https://www.iwillteachyoutoberich.com/" target="_blank" rel= "noopener noreferrer">iwillteachyoutoberich.com</a>, as a Stanford undergraduate in 2004, and he now hosts over a million readers per month on his blog, newsletter, & social media.</p> <p><strong>In this episode, we discuss:</strong></p> <ul> <li>Ramit’s got lucky playing the stock market in the early days</li> <li>Why Ramit developed his own philosophy about money</li> <li>Focus on 3 big wins in your life</li> <li>Starting the blog, I Will Teach You To Be Rich</li> <li>A rich life is about more than money</li> <li>Creating a conscious spending plan</li> <li>Ramit's guide to automating your finances</li> <li>Ramit’s favourite checking, savings, & credit card accounts</li> <li>Savings vs. investing</li> <li>Real money is made by investing</li> <li>Emergency fund recommendations</li> <li>How to negotiate your salary</li> <li>Be in control of your money</li> <li>Target date funds change automatically as you age</li> <li>Index funds need to be rebalanced periodically</li> <li>Should you start investing if you’re in debt?</li> <li>What is your debt pay off date?</li> <li>Is real estate a good investment?</li> <li>Leasing vs. buying a car</li> <li>Do you need a financial advisor?</li> <li>What to do with your money during the Coronavirus (COVID-19) pandemic</li> <li>Opportunities to make money are everywhere</li> <li>You must believe your business is important</li> </ul> <p><strong>Show sponsors:</strong></p> <p><a href="http://ultimatehealthpodcast.com/organifi" target= "_blank" rel="noopener noreferrer">Organifi <== 20% off all Organifi products</a></p> <p><