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#524: Ramit Sethi — How to Play Offense with Money, Plan Bucket Lists, Build a Rich Life with Your Partner, and Take a Powerful $100 Challenge

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Jul 28, 2021

Guest

Ramit Sethi

Ramit Sethi, author of "I Will Teach You to Be Rich," helps millions navigate their financial journeys. He discusses how to tackle awkward money conversations in relationships and the emotional complexities tied to financial decisions. Sethi emphasizes the importance of defining a 'rich life' that harmonizes personal joy and financial goals. He introduces the '$100 challenge' to promote spending on happiness rather than frugality, advocating for generous habits and regular financial check-ins to foster stronger partnerships.

01:37:55

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ANECDOTE

Half a Million in Debt

Ramit Sethi spoke with a couple where one partner had over $500,000 of debt and was nonchalant about it.
The other partner felt constrained, highlighting how differing debt perspectives can strain relationships.

insights

INSIGHT

Money Mindset

Paying off debt or achieving a financial milestone doesn't magically change one's money mindset.
A woman who paid off $50,000 of debt still felt financially constrained, illustrating this point.

question_answer

ANECDOTE

The $8 Million Grocery Shopper

A man with an $8 million net worth meticulously compared grocery prices across different stores to save a few dollars.
This highlights how ingrained frugality can persist despite significant wealth.

Get the Snipd Podcast app to discover more snips from this episode

Navigating Financial Conversations in Relationships

03:52 • 5min

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The Emotional Undercurrents of Money

Mastering Financial Check-Ins for Couples

37:22 • 4min

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Navigating Financial Conversations in Relationships

41:13 • 19min

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Investing in Joy: The $100 Challenge

59:54 • 26min

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The Impact of Generosity: Embracing Tipping

01:26:11 • 6min

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Celebrating New Beginnings and Wellness Tips

01:31:52 • 6min

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The 4-Hour Body

An Uncommon Guide to Rapid Fat-Loss, Incredible Sex, and Becoming Superhuman

Tim Ferriss

In 'The 4-Hour Body,' Tim Ferriss shares the results of over a decade of self-experimentation and research, involving hundreds of elite athletes, dozens of MDs, and thousands of hours of personal testing. The book covers more than 50 topics, including how to lose weight quickly, gain muscle without steroids, sleep less and perform better, and improve sexual health. Ferriss emphasizes the importance of finding the smallest changes that produce the biggest results, making it accessible for readers to achieve significant improvements in their physical health and performance.

I will teach you to be rich

Ramit Sethi

This book, updated for a new era, provides a simple and powerful 6-week program to manage finances. Ramit Sethi focuses on behavioral psychology to help readers save more, earn more, and automate their finances. Key lessons include focusing on big wins rather than small savings, automating financial tasks, and spending guilt-free on things you love while cutting back on unnecessary expenses. The book also covers topics like crushing debt, setting up high-interest bank accounts, and long-term investing in index funds.

Ramit Sethi — How to Play Offense with Money, Plan Bucket Lists, Build a Rich Life with Your Partner, and Take a Powerful $100 Challenge | Brought to you by Wealthfront automated investing, Athletic Greens all-in-one nutritional supplement, and Pique Tea premium tea crystals. More on all three below.

Ramit Sethi (@ramit), author of the New York Times bestseller I Will Teach You to Be Rich, has helped tens of millions of people live a rich life with their money, careers, businesses, and psychology. He hosts more than a million readers on his site iwillteachyoutoberich.com, newsletter, and social media. His new podcast, I Will Teach You to Be Rich by Ramit Sethi, reveals real stories about love and money from behind closed doors. Subscribe on Apple Podcasts, Spotify, or wherever you listen to fine podcasts.

Please enjoy!

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This episode is also brought to you by Athletic Greens. I get asked all the time, “If you could only use one supplement, what would it be?” My answer is usually Athletic Greens, my all-in-one nutritional insurance. I recommended it in The 4-Hour Body in 2010 and did not get paid to do so. I do my best with nutrient-dense meals, of course, but AG further covers my bases with vitamins, minerals, and whole-food-sourced micronutrients that support gut health and the immune system.

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Past guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, and many more.

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