Talks at Google Ep59 - Ramit Sethi: "I Will Teach You To Be Rich, Second Edition"
Sep 24, 2019
Ramit Sethi, a personal finance expert and New York Times bestselling author, shares insights from his book, I Will Teach You To Be Rich. He emphasizes the importance of intentional spending over mere saving and invites listeners to define a 'rich life' specifically. Ramit encourages automating finances while spending extravagantly on personal joys. He discusses how upbringing shapes financial perspectives and offers tools to transform money conversations, urging everyone to align their financial values with their true priorities.
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Iced Tea DM Reveals Money Perspectives
- Ramit tells a DM story about a wife upset her husband spends $3 on iced tea 20 times a month.
- She refused to share income and later revealed a $600,000 household, exposing $3 vs $30,000 perspective gaps.
Common But Vague Rich-Life Answers
- People answer "freedom," "a million dollars," or "pay off debt" when asked about a rich life.
- Those answers show people often haven't defined concrete, specific desires that guide spending.
Automate Saving But Spend For Joy
- Save and automate investments into low-cost long-term accounts.
- Also design spending to create joy, not just obsess over tiny savings.
