Ramit Sethi

Author, host of @netflix "How to Get Rich" & the Money For Couples podcast

[Ramit Sethi @ramit]

Are you starting to see why your housing is so expensive?

The homeowners in your neighborhood band together to prevent more housing from being built, which means YOU pay thousands more every year — all so they can get even wealthier

When housing gets built, you pay less

[California YIMBY @cayimby]

San Diego built more apartments per person than any CA metro last year—and rents fell 2.2%, dropping the city from 5th to 12th priciest nationally.

[Ramit Sethi @ramit]

I don't love the phrase "Fuck You Money." I find it crass

The theory goes, if you have financial security, you can say what you truly believe

Scott Pelley had the courage to speak up to his bosses, knowing his career would be over at 60 Minutes

Ironically, so many people who romanticize "Fuck You Money" lack that same courage. The idea that more money alone will make you courageous is a childlike fantasy

This idea of magical transformation echoes so much of what I hear in the financial community: If I just had more money, I'd be more adventurous. If I just had more money, I'd feel less anxious. If I just had more money, I'd finally pursue my interests, and speak up about politics, and set boundaries

If you were going to do those things, you would already be doing them

[Kyle Griffin @kylegriffin1]

BREAKING:

‘60 Minutes' correspondent Scott Pelley confronted new EP Nick Bilton during an intro meeting Bilton organized with staff — grilling him about recent firings and Bari Weiss.

"She's murdering '60 Minutes.'"

"She does not love this place. She was brought in to kill it—and she's doing exactly that."
https://t.co/qcEQiPzc1M

[Ramit Sethi @ramit]

My reactions to boomer comments on my New York Times profile

https://t.co/EE5kIteZtr

[Ramit Sethi @ramit]

Some of the comments think this is ridiculous. Maybe to you. But people who want extraordinary outcomes do things that seem "sad" or absurd to others

Extraordinary fitness -- requires a level of discipline you might not have. Same for high earners or people getting into Tier 1 law schools

You can roll your eyes or you can adapt the principle for your own situation if you're pursuing excellence

[Ramit Sethi @ramit]

This wedding photographer talks about how brides want candid, effortless photos and they spend tons of time seeking out the “perfect photographer” when they really need to work on being MORE PHOTOGRAPHABLE

I see the same thing in self development. People spend years finding the perfect coach or book or program without asking the more important question: “Am I coachable?”

Via alexagphotos on TikTok

[Ramit Sethi @ramit]

@YonnieTaughtU Is the full 1 hour and 43-minute episode with multiple breakthroughs and a surprising childhood upbringing ragebait too

https://t.co/gVCTha82Qj

[Ramit Sethi @ramit]

"We spend 102% of what we make. Will we ever stop drowning?"

https://t.co/RGVV6Wsevy

[Ramit Sethi @ramit]

This couple is weeks away from not being able to pay their rent

THE NUMBERS:
• Combined income: $143K/year (down from $250K — they changed nothing)
• Fixed costs: 102% of income, spending more than they make every month
• Credit card debt: $96K
• Savings: $0
• Investments: $180
• Net worth: -$91K
• Cashed out their 401(k) during the pandemic to cover monthly bills

WHERE THE MONEY GOES:
• $3K+/month on groceries
• $770/month in subscriptions before cuts
• $636/month car lease (electric)
• $1,000/month on dinners
• Still paying adult kids' phone bills (ages 22 and 26)
• $2,000 skiing trip they couldn't afford
• Tennis and dance lessons for kids while $96K in credit card debt

What would you do?

Continued in next tweet

[Ramit Sethi @ramit]

@EeroHurskainen Yes. Not a typo

[Ramit Sethi @ramit]

How I hire & work with an amazing executive assistant, including the exact SOPs + meeting agendas we use

https://t.co/aLQnE61Z6S

[Ramit Sethi @ramit]

One of my Rich Life rules is I don't fill out forms any more

I hate forms. HATE THEM

My assistant pre-fills forms before a doctor's appointment. When I'm done, I leave & she handles scheduling and payment

I love using $ to solve minor life irritations. Adjust for your needs

[Abby Heugel @AbbyHasIssues]

Please arrive at your appointment 15 minutes early so you can fill out the same forms you filled out online and then be asked the same questions when the doctor actually sees you.

[Ramit Sethi @ramit]

"We spend 102% of what we make. Will we ever stop drowning?"

https://t.co/RGVV6Wsevy

[Ramit Sethi @ramit]

@Forever_Wario 50% of people don't even know their own household income

[Praise @tufpraise]

genuinely perfect representation of the american mind. if you ignore the atrocities committed by your leaders they just don’t exist

[Ramit Sethi @ramit]

@ashleyschendel @nikitabier Thanks for the comment. I added her username on the post

[Ramit Sethi @ramit]

This is true. I've had thousands of conversations with MAGAs. I've asked hundreds of them to try to answer their own question

NOT ONE HAS EVER DONE IT

NOT ONE

LOOK AT THESE EXAMPLES

[Ashley in MIlwaukee @AshleyInMKE]

The problem with the “do your own research” crowd is that so many of them read at a 5th grade level. You can’t expect them to get through a proposed Bill or the Epstein files, that’s at least high school level reading.

[bob's burgers urbanist 🐿️ @yhdistyminen]

@sleepy_devo In the past, in states where voter ID laws have been implemented, they've deterred a lot of legal voters from actually voting. Deterring tens or hundreds of thousands of legal votes for the sake of preventing one or two fraudulent votes is not considered worthwhile.

[Ramit Sethi @ramit]

@ChicagoObserver @MrFamilyOffice You should read the source of that “research” and then look into exactly what they say

As an example, “new research has found that buying a $3,900 Loro Piana scarf by age 30s “is associated with” a 22.5% higher net worth”

This is extremely bad propaganda

[Ramit Sethi @ramit]

Ramit’s Rule of Large Numbers:

Whenever you share a large projection years out, random commenters will immediately say, “BUT HOW MUCH WILL THAT BE WORTH IN 20 YEARS???”

They don’t know why they’re saying it. They don’t even realize what they’re doing when they respond like this.

The number I shared was $18 million, btw. Even if it was nominal (it was not), that’s a huge amount of money.

[Ramit Sethi @ramit]

@bungarsargon Why do Republicans constantly beg to be subsidized instead of taking personal responsibility for their own decisions?