Some people pay a financial advisor 1%. They go 1%. It's not a big deal. I'll pay 1%. What they don't realize is that that 1% will take 28% of their returns and hand them over in fees. Think about it, if you make a million dollars in investing over the course of your life, $280,000 are going right out of your pocket into that advisor's pocket. That's super counterintuitive. In buying a house, you've got to run the numbers because they are totally counterintuitive. If you spend more, you don't get better returns. You don’t get better anything. In fact, if anything, you get worse
Ramit Sethi began his journey as a personal finance adviser in 2004, with his website, iwillteachyoutoberich.com. Ramit was the co-founder of PBworks, and is the CEO of GrowthLab. He is also the author of the 2009 New York Times best-selling book, ‘I will Teach You To Be Rich’, and ‘Your Move: The Underdog’s Guide to Building Your Business”. In 2023, Netflix released the series ‘How To Get Rich’ with Ramit as its host. In this conversation Ramit and Steven discuss topics, such as: How to define your ‘rich life’ Why buying a house isn’t necessarily a good decision How to invest like a millionaire His 10 rules for becoming rich Where real wealth is created The key character traits of rich people Why most people don’t understand money The truth about investing in cryptocurrency Why becoming rich isn’t necessarily about intelligence You can purchase, ‘I Will Teach You to Be Rich: The Journal’, here: https://bit.ly/44TcwWL Follow Ramit: Instagram: https://bit.ly/3Om30Gw Twitter: https://bit.ly/3NXDNAH Watch the episodes on Youtube - https://g2ul0.app.link/3kxINCANKsb My new book! 'The 33 Laws Of Business & Life' per order link: https://smarturl.it/DOACbook Follow me: Instagram: http://bit.ly/3nIkGAZ Twitter: http://bit.ly/3ztHuHm Linkedin: https://bit.ly/41Fl95Q Telegram: http://bit.ly/3nJYxST Sponsors: Huel: https://g2ul0.app.link/G4RjcdKNKsb Whoop: http://bit.ly/3zNvvop
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