Do You F*cking Mind? 345. Change Your Money Mindset and Live Your Rich Life with Ramit Sethi
22 snips
Jul 10, 2024 
Ramit Sethi, author of 'I Will Teach You to Be Rich', discusses changing money mindset, budgeting tips, travel dreams, teaching kids about money, and overcoming financial fears. Embrace a proactive money mindset for a wealthy life.
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Ditch the Budget
- Don't budget by tracking every expense; it's a waste of time.
- Focus on key metrics like savings rate, investment rate, and asset allocation; automate them.
Spending Should Increase With Income
- Spending should increase alongside income; it's about improving your quality of life.
- Denying yourself increased spending negates the purpose of hard work and raises.
Mindset Over Money
- Money mindset, not bank balance, determines financial perception.
- Two people with identical finances can have vastly different feelings about their wealth.