The Money Expert: "Do Not Buy A House!"... The 10 Ways To Make REAL Money! Ramit Sethi (E266)

Driving me insane! To make a lot of money, you don't need to be a genius. You just need to remember a few key things. Ranit Sati, financial expert, the Moneyman. New York Times bestseller has more than 20,000 documented stories. This is your chance to never worry about money again. You can live a rich life regardless of where you came from, regardless of your income. How many people are clear on what their rich life looks like? Less than one percent. When I talk to people who have a spending problem, one hundred percent of the time they always say the same thing. I just need to earn more. If you doubled your income today, do you think your problems would disappear? No. Some of the stats I pulled out from your book, about 25% of people who make hundred thousand dollars a year plus are still living paycheck to paycheck. Makes us realize that maybe the things we think we need are things that we have been socially taught are important. For example, owning a house is the best investment. It means you are successful.

But it can be a very bad financial decision. They're far better, far simpler investments. So I've got a hundred pounds that I want to invest. Where do I start? I love that we're getting into the nuts and bolts. Let's do this exercise together and everyone can do it with us. First off and then Got it. Now there's just one more thing you have to do. Do you know the math? I would have seven hundred and thirty six thousand in my account. Remit's ten money rules. This is where the real wealth is created.

Number one. This episode changed my perspective on money. I'm an investor. I've been investing for the last Six, seven years at different levels.

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