The Diary Of A CEO with Steven Bartlett The Money Expert: "Do Not Buy A House!"... The 10 Ways To Make REAL Money! Ramit Sethi (E266)
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Jul 20, 2023 
Ramit Sethi, a personal finance expert and author of 'I Will Teach You to Be Rich,' challenges conventional wisdom on wealth in this engaging discussion. He shares why buying a house may not be the best investment and offers ten golden rules for financial success. Sethi emphasizes intentional spending, the importance of a long-term investment strategy, and lessons learned from cryptocurrency. He also dives into the character traits that hinder wealth and the value of crafting a personalized financial future that aligns with one's life goals.
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Conscious Spending
- Spend extravagantly on things you love.
- Cut costs mercilessly on things you don't.
Money Psychology
- People often know what they should do with money, but psychology affects their actions.
- Combining money and psychology is key to understanding a rich life.
Key Financial Numbers
- Track four key numbers: fixed costs (50-60%), savings (5-10%), investments (5-10%), and guilt-free spending (20-35%).
- Knowing these numbers helps benchmark spending and understand priorities.
