Finding Mastery with Dr. Michael Gervais

How To Master Your Money and Live a Rich Life | Ramit Sethi

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Apr 19, 2023
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INSIGHT

Define A Vivid Rich Life

  • Define your "rich life" with vivid, specific details instead of vague words like freedom.
  • Clarity about who you bring and what you experience unlocks targeted financial choices.
INSIGHT

Money Feelings Don't Mirror Balances

  • People's feelings about money are often uncorrelated with bank balances.
  • Changing your money relationship is a prerequisite to using money effectively.
ADVICE

Teach Kids Money By Involving Them

  • Talk about money with kids and involve them in real tasks as they grow.
  • Replace phrases like "we can't afford it" with contextual questions and simple involvement.
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