Brutally Honest Financial Advice to Fix Your Sh*t

I’ve helped change the financial lives of millions of people over the last 20+ years…and here are 12 brutally honest lessons about money you need to hear.

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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”

[mariannagreenlee]

My favorite investment story is when Fidelity decided to interview the people who had really strong performances with their portfolios. When they contacted them they discovered the person forgot they had the account or they were dead. 💀

[einstein]

Ramit woke up on the wrong side of the bed today and decided to spill real facts on us.
We all need and could use someone who is telling the truth like this.

[blurrydog]

“Do not confuse desire with affordability” is the best advice. as soon as you put your desire over affordability you turn to justifying every excess purchase.

[RobDob]

These videos make me think Ramit has a split personality. He’s so patient on the podcast with situations that would make me lose my mind, but here he is popping off. Get out the frustration! I love it!

[thugsy]

I work with somebody who worries about her credit card debts and always says she has literally zero in her bank account. Then she recently took out a loan to build a pool. Amazing how financial illiteracy is rampant in America.

[sherrieludwig]

When I opened my first business, my accountant said, "You make the money, I'll worry about the taxes. Make as much as you can, don't stress on taxes."

[robyn_southafrica]

You're brutally honest so I'd take that over sugarcoated shit any day. Thanks!

[wardensworld]

i bought a purple mattress. I had the same rough mattress for over two decades and now my back is doing so much better!

While true, in all seriousness, i waited for a sale, compared my hourly paycheck, saved the money, then bought during the sale in full. Got sheets and pillows with it.

So, took planning.

[geovanierguera]

My parents providing me with “generational wealth” by teaching me to be smart with money trough their example. Thank you for opening my eyes to this truth.

[dancarbone]

My millionaire morning routine is listening to Ramit’s new YouTube videos! 😂

[msmaluu]

I buy more or less the same thing at the grocery store. A quick run for fruit and dairy used to be $30-40 now it is more like $70. You don’t need to write down every cent to know things went up

[georgelane]

How do I decide if I can afford:
1) $2k mattress - Do I have at least $2k in undesignated cash reserves?
2) $80k truck - Annual income of at least $400k (20% limit), net worth of at least $1.6M (5% limit), and pay cash
3) $650k house - Limit amount borrowed to twice my annual income, financed on a 15 year note (if age 35 or less). If over age 35, then additional cash would be put down so that the monthly payment on a note that is [50 minus my age] would be the same as the amount borrowed on a 15 year note.

[TheRailwayDrone]

One of the main reasons I listen to Ramit is because he keeps the shit real.

[rachelesmith]

This content is top tier!! Too many people want shortcuts or miracles but the real answers and truth are very boring and simple. Trying to live a life you can’t afford or be something you’re not will leave you broke and desolate.

[soumyajeetchakrabarty]

The 3 lessons that resonated the most with were
1. Worrying about taxes - That I am currently having OCD with.
2. Think about the 30000 dollar question and not the 3 dollar question - that I have come to terms with after listening to like minded people like you and you have drilled it in my brain.
3. If you want to buy something come up with the number, basically delayed gratification over instant dopamine hit - this is thanks to my dad who was an accountant in an MNC and conservative Indian when it comes to money

[thewickedpen]

I had to laugh when you said: "Follow the basics and once you master those you earn the right to be different". It's literally what I would say when I had a training guild for World of Warcraft! Show me you can make the template work, then you can deviate. It's a lesson I learned from WoW, and it's very applicable to a multitude of situations in the real world. Thought others might get a chuckle out of this.

[cur]

I lived in FL for years and one thing I could never understand were people refusing to work OT because the taxes. I tried telling them not 100% would go to taxes and it got me nowhere. It was unbelievable. The same people blame inflation for why they have $0 in retirement.

[Justin_vesting]

Thank you so much for stating the fact that personal finance isn’t so personal. Yes we are all in different positions in life. But I think in the grand scheme of things we’d all like to increase our wealth. Too often “finfluencers” cop out by saying this isn’t financial advice specifically tailored to you. But who is is specifically tailored for? The vast majority of their viewers are in the same position. A 70 year old with 2.5 million is not looking to YouTube for wealth preservation advice. But 18-45 year old working-middle class individuals that typically hate their job and are looking for a way out certainly will look to YouTube for advice. And in that regard, almost all of the viewers would find advantages with general wealth building advice. Plain and simple.

[ponetxc]

Lowkey I knew all of this already but it's nice to get a gentle reminder. Thanks!

[danwilliams]

Gratitude journals or just thinking about things you are grateful for is important. It's so easy to take good things in your life for granted; being grateful is key to a happier life.