9 Things I Stopped Doing Once I Became a Millionaire

In this video, I’ll share 9 things I stopped doing once I became a Multi-Millionaire.

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Ramit Sethi is the host of Netflix’s “How To Get Rich” and New York Times bestselling author of “I Will Teach You To Be Rich”

[mkitten]

I stopped letting price influence which ice cream to buy myself. It's a small and silly thing, but as I've reduced the amount of treats I eat, I would much rather get my very favourites than stock up on things that aren't my favourites just because it's cheaper to do so. I may enjoy the kinds on sale, but they aren't my very favourite, so now I get my favourites.

[danezammit]

I'm far from a multi-millionaire and can confirm that relating all purchases as a percentage of income is a better way to assess whether you can afford something. I like your list, it's solid.

[sfusz]

As I've made more money, I have started budgeting and don't eat fast food unless I'm on a road trip. If I'm going to spend money eating out, I'm going to sit and enjoy it or cook it myself.

[bellcreativecommunications]

I get a 90-minute massage every two weeks without fail. I also just changed from a $20-a-month big chain gym that was always crowded to a high-end fitness center with a zillion (free) classes, top-of-the-line equipment, Olympic sized indoor and outdoor pools, and sauna. When I sat down with the facility rep to talk about how much it cost, I mentally calculated how much the fee would be annually ($1, 860). By looking at that big picture instead of the monthly fee, I realized my health was definitely worth it. I love going there! Rich life indeed...

[Isaac-uncn]

As I made more money, I stopped hesitating to order drinks and appetizers with my meal. I was raised to only have an entree with water for my meal. This is by far the best "value" approach to dining out, but I don't have to be solely focused on value now.

[sia.b]

Funnily enough, I didn't stop doing things, I did more things as business and investments gave me more time. I always wanted to fix my car instead of paying someone to do it (along with many other things around the house), so when I had an issue with my car (or anything else), before I would take it to a mechanic to fix, cause I had "more important things to do" and was always busy. Now I would go on youtube, find out what the issue could be and take the time to fix it myself, even if it took 1 week. When it was fixed, I would get great satisfaction that I learnt something new :) Since Ive had more time, I've learnt to weld, learnt to fix the car inside and out along with other things around the house 😂

[AleciaLott]

That part about not telling people what to do - THAT IS GOLD. And I think that's what I've always hated about delegating in the first place, it's not usually the hands-off experience I had been looking for. Thank you, Ramit!!

[U]

Have been in the multi club for a few years now, and of all the services and life hacks that come with the resources, the smallest changes can be the most satisfying. For example, the most universally hated experience among everyone is listening to ads and sales pitches from every angle of life. Paying money not to be interrupted, feel sales pressure, or suspect manipulation for sales pitches nonstop is the most rewarding thing ever lol.

[marathonmagscpt]

Thanks Ramit! I have been putting off doing so many things for no reason at all! Today after watching this, I booked a massage, an oil change for my car and a haircut. I definitely need to stop putting things off!

[fakewintertime]

I get a haircut every two weeks and have monthly massages. Over the course of a year haircuts and massages each cost me less than 1% of my earnings and it stopped making sense to stress over it when expanded out. Also getting FULL OUTFITS when I buy clothes, no more of I have nice shirts but no pants or shoes to match. I still hunt for deals but I no longer tolerate partial fits when it comes to looking good.

[KimMaverick]

I stopped saying “yes” to every gig. I’m a musician, and music school trains us to hustle hard for every opportunity. Now I say no to most things, so I can have control over how I spend my time.

[vitorvisions]

My wife and I stopped doing lawn work. I don't like doing it. It takes me 3-4 hours to do something professionals can do in under 30 minutes. It also looks much better.

[yolandaprice]

Such value in this YT Video. Thank you Ramit .. I thought I was doing the right style of budgeting.
I have a lot to Re-consider. ❤

[thefleet]

I like what you said: "Respect your time"

This is essentially the theme of this video

[tomaszp]

Eating same thing every day sounds like personal hell for me, but I get your point.

[sprinkle]

As I have more money, I have purchased less basic things, because I have discovered over time I can scavenge or buy on sale almost everything I need, if I collect it before I need it. Its a little more scarcity than abundance mindset, but as you get older the things you need to buy declines exponentially, potentially allowing you to increase your savings rate quite a bit, over just starting out.

[mtchnelson]

Love these videos! I’d love to listen to an audio version in the podcast feed on Thursdays!

[newenglandnomad]

I Money Balled and Matrixed my life. Money ball is about statistical joy, so I stopped spending time with energy sucking negative people, set my credit card to auto-pay, and focused on experiences rather than material things. I've never spent more than $5k on a car. My favorite Matrix quote was "There is no spoon" which meant question your pre-existing thoughts. Specifically learning about fractional dividend investing in 2020 changed my investing life. I educated myself and ended the myth that overseas vacation had to be expensive. I usually go on multiple vacations yearly because i got out of my own head and go during off season. I rarely need to spend over $2, 000 USD on a vacation and I soak in the fun.

Stop doing what others expect you to do, and do what you want to do that brings you joy.

[RubinaMatevsyan]

when i learned some of the concepts that Ramit offers, like his excel worksheet, wow, did i learn that you dont have to stress out about spending money. for the first time in my life, i was able to swipe my card even on the purchase of gas and feel confident! now that income is coming again, I am excited to feel that way about paying my bills and also spending money on the things that i love, like buying my sisters lunch, or paying for someone's sandwich! (doing the things that alleviated me when i wasn't financially literate for other people). I know i sound like an ad, but it really did work haha.

ramit youre awesome! thank you for helping educate the public!!!

[apartmentinvestingforbeginners]

Very informational video. Took notes and will start applying them myself