My First Million

Ramit Sethi: His New Netflix Show, How To Stand Out & Spend Your Money

162 snips
Apr 24, 2023
Ramit Sethi, author of "I Will Teach You To Be Rich" and host of a popular Netflix show, dives into his journey from finance educator to media influence. He discusses his new Netflix venture and how to skillfully spend money on what truly matters to you. Ramit highlights the contrast between making and managing money, while sharing insights on standing out in a crowded marketplace. He also explores personal spending habits and their emotional ties, along with engaging anecdotes from his life and work, illuminating the path to financial freedom.
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ANECDOTE

From Flyers to Blog

  • Ramit Sethi's journey started with flyers for free finance classes, which initially failed.
  • He then turned to blogging, finding success by adapting to his audience's needs.
ANECDOTE

Early Investing

  • Ramit Sethi started investing young, guided by his father, opening a Roth IRA at 14.
  • Early stock picks included Amazon (success) and Excite, JDSU (failures), teaching him about diversification.
ADVICE

Investing Advice

  • Avoid picking individual stocks, as success stories like Amazon are often luck.
  • Choose target-date or index funds for reliable long-term growth.
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