The Common MONEY TRAPS You Need To AVOID To Build Wealth | Ramit Sethi

WARNING: I will never ask for your contact info in the comments section, that is someone impersonating me!

Thank you. Just what I needed to watch. My hubby and I are directors of our farm business and own property, plus small pensions. I am nearly 52, hubby is 55. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.

My portfolio has good companies, however it has been stalling this year. I’ve approximately $700k stagnant in my reserve that needs growth, any suggestions to grow my portfolio will be highly appreciated.

My daughter encourages me to spend money on myself. Yesterday, it was, “Mom, let’s get ice cream.” It’s also been, “Mom, let’s go get facials,…let’s go to a concert, …and let’s go to Mexico.” We’ve done it all. I guess I should thank her for encouraging me to spend money on quality time with her.😊

In light of the current volatility of the stock market, I believe investors should concentrate on undervalued companies. Currently, 35% of my $270k portfolio is made up of declining but formerly regarded corporations, and I'm not sure what to do with them.

Most people or programs that teach about money want to profit way more than they should. Which is deceiving like Robinhood. I've been looking for speakers who I can trust to learn how to invest. Tom and Ramit's discussion is overwhelming because I have no idea about finance. However, I am very thankful they have been trying to point us in the right direction.

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An amazingly valuable conversation between a realist and a dreamer. Thank you so much for this, much neeeded.

I love that Ramit brings up the word "Contributes" and how disillusioned people are when it comes to the things that can't be quantified. My husband may work 8 hrs, but in the house I would work 12,16, 36 hours. Anytime I save my husband money, it costs me time and effort. If he doesn't want to buy an $800 piece of furniture, that's fine, but then I have to find a $25 used piece and refinish it over a 3 month period, so who do you think paid more for that? I pay more in labor for almost everything. How much does the average gardener make? Maid? Cook? Nanny? Dog Walker/Groomer? Secretary? Add all of their salaries up for each hourly task..sadly..husband doesn't get it at all...reason why I plan to get the hell out of here.

thank you Tom & Ramit. i really appreciate your humility and transparency in breaking down investing, and the psychology behind how people think

I know how hard is to be right and how easy it is to be wrong That’s so good

Real, raw and unfiltered. Business mogul meets Financial guru. Their best conversation to date.

I would love to see Ramit Sethi have a livestream with Jaspreet Singh from Minority Mindset. Make it happen!

As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

Ramit...man your fireside chats during covid were legendary!!! I kinda miss them to be honest. I love the money dials and have implemented them. I now drive a 2019 SUV instead of a $90,000 pickup. My house is going on the market this fall and moving to an apartment. But I love running...so I no longer look for the middle of the road kicks on sale. It's one of my dials...I get the good shoes I like. Double the cost, but it's part of my rich life. Thanks for the insights.

This is the best wealth creation advice EVER EVER

Very instructive - much thanks Ramit [ my Mentor].

I love what Tom just said at about 45 mins ❤ Such a perfect perspective 💕✨

Thanks for making my morning great!

Again, thanks Tom 🙏🏽