The Jordan Harbinger Show 199: Ramit Sethi | I Will Teach You to Be Rich
May 16, 2019
Ramit Sethi, author of "I Will Teach You to Be Rich," shares his insights on personal finance with a fresh twist. He discusses the significant updates in his book's second edition, emphasizing that a 'rich' life looks different for everyone. The conversation covers the power of financial automation, the importance of critical thinking in managing money, and the value of open communication in relationships regarding finances. Sethi also introduces the concept of 'money dials' to enhance spending on what truly matters to you.
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Interest Rate Fiasco
- Ramit Sethi's biggest mistake was including specific interest rates in his first book's edition.
- Rates changed quickly, leading to angry emails from readers for a decade.
Take Control of Finances and Fitness
- Take control of your finances and fitness.
- You can make positive changes in both areas.
Big Wins vs. Small Savings
- Focus on big financial wins, not small savings like skipping lattes.
- For example, avoiding bank fees and high credit card interest saves more in the long run.
