These 7 Money Habits Keep You Stuck

I’m breaking down the 7 most common money habits holding you back, and what to do instead…

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"

[ViggsPR]

[00:25] Habit #1: Ignoring money
[01:55] Habit #2: Asking $3 questions instead of $30K questions
[04:02] Habit #3: Playing defense with money
[05:44] Habit #4: Following invisible scripts
[08:37] Habit #5: Having generic goals
[11:18] Habit #6: Spending without a plan
[14:43] Habit #7: Having a scarcity mindset

[mtchnelson]

Dude, whoever edits these is KILLING IT. Great stuff

[lindsay]

Checking my accounts almost every day is exactly how I stopped ignoring money two years ago and jettisoned 15K in debt and began investing in retirement. It’s incredibly rewarding to watch progress and helps me acknowledge that my savings is building which helps me avoid putting emergency expenses on CC.

[epicsnowleapard]

I check my accounts every day because its a sort of motivation for me to keep trying my best to save and invest, just like watching this type of content every day

[justkimintheworld]

I work in the fraud loss department for a major bank. I log in and check my checking and credit card accounts each day just to make sure everything looks good. It takes me just 2 minutes. It's much easier to stop any fraud if you catch it early.

[MyWayUp]

I love to talk about money, finances, taxes etc. but my friends think i am crazy. Thats why i love to watch your videos then i dont feel crazy. Thank you Ramit!

[VBoo]

When I figured out WHAT I wanted, I realised that working a 9-5 was absolutely fine for me as long as it offered me the flexibility I needed to achieve what I wanted. Its funny how people imagine their rich life and still don't know what that rich life even means. For me, its not sitting at a beach 24/7 every single day, that's boring after 2 days and most retirees end up either going back to work, or opening a business or volunteering. I need excitement, I need to work towards something, I need to do something.

[JujuGurgel]

The fact that this guy has under 500k subs and Mr Beast has millions of subs, tells you exactly why many people in the world struggle with making smart money decisions.

[Ashleycorrie]

Thanks for the video. I finally established a way to increase my net income per month. My 2024 goal is to pay off the house by Sept 2024 (8 years total into a 30 year @ 4%). I have no debt other than mortgage. My
401k, HSA, IRA and emergency funds get maxed out. The mortgage is my last piece of debt left. I don't have any school loan or CC debt. I've made a lot of sacrifices over the years. I'm almost at the debt free finish line.

[LiquidityOcelot]

So good to hear your thoughts!

We sold our share in a business and invested via our advisor in late 2019 and have subsequently gained over 10.5%, which has been more than enough to cover our travel and living.

[mariaeugeniaespinozam.]

This is the year where my family starts living our rich life! We're working towards tracking expenses so we know where we are in terms of fixed expenses, etc.

Not all countries are so automated as in the US where you can set up everything automatically, but it's worth taking the time to have the awareness and designing your life!

[DTGGJumpManual]

I read your book and was able to get my APR lowered on most of my CCs, interest fees waived, and even increased my limit. My parents highest education in HS and barely passed so when I graduated college and now finally starting to take control of my finances. I have such a huge relief that seeing my debt be paid off quicker is amazing. Thank you!!

[O-N-U-G]

since i started listening to you, i am AGGRESSIVELY (like no jokes) paying off my credit card debt. No more credit card debt.

[nicholasseansurin]

Thank you Ramit. Nobody ever taught us this in school and after.

[catarinahortabargao]

Ramit would you ever consider to bring on your podcast some experts to help and give some guidance to people with disabilities or other pathologies to live their rich life? Not sure if you have been asked before but I think it would be interesting as I totally agree with you over the 7 habits but there are so many underlying challenges for people in different spectrums (and no it's not an excuse 😅)

It would be nice to discuss further more.
Cat 🐈

[astroborne]

Love your content Ramit. Just finished your book the other day.

[HelenG]

Definitely love your insight. This video is Gold! I even laughed towards the end because of your reaction when you mentioned the example of the beach house.

[mmp]

Ramit I paid off my house and a rental house this past year. I am 💯 debt free and investing 15%. Because I had been so intense the past 2 years paying them off, I'm having a hard time treating myself and figuring out how to live my rich life.

[BoredFlamingo]

I’m so happy I stumbled upon your channel! I need to REALLY get specific about my what I want in my life and me and my husband’s life together. It’s like working backwards from the goal. I’ve been a production manager for plays and musicals and I always have to build the calendar from the opening night back up to pre-production meetings for it to make sense to me.

[maryannecomrie]

Scarcity mindset. Thats my dad. He always had us constantly switching off lights, closing taps, only filling up the kettle halfway so that it boiled a small amount of water, we never went out to eat and if we did he would guilt trip us into buying the cheapest menu item - and yet we were well off, lived in a big house and went to good schools. My dad, however, grew up in poverty with his own father selling off his bicycle and other items just to survive. Ive grown up with that same mindset and find it extremely hard to spend money