Ramit Sethi says ‘people with a lot of money’ rarely keep enough of it in their checking account — here’s why Checking accounts help us manage our day-to-day financial transactions with ease, but personal finance expert Ramit Sethi argues not everyone uses these simple tools in the optimal way. “One of the most common mistakes […]
Ramit Sethi wants Americans to stop believing a major ‘lie’ about housing For generations, the virtues of owning one’s home versus forking over money to a landlord have been obvious. You build equity, you may get a tax deduction on mortgage interest payments, you gain bragging rights, you gain stability, and you can paint the […]
Ramit Sethi, a self-made millionaire and author of “I Will Teach You to Be Rich,” offered advice to young professionals on their journey toward financial proficiency. “You’ve got to invest 10% of your salary every year,” he told CNBC Make It. At the end of the year, increase that by 1%. Do this for as […]
Sandra and Brad, a couple with a net worth of $1.3 million and an income of up to $70,000 per month, share their financial struggles on Ramit Sethi’s podcast “I Will Teach You to be Rich.” Despite their wealth, Sandra confesses, “On paper we’re not broke, but it feels like we are.” This sentiment highlights […]
‘Seriously wacky’: This doctor has a $500K job offer — and his wife wants him to turn it down. Ramit Sethi sees her side, but cautions the couple not to fall victim to this this 1 trap Married doctors Mel and Babu, both 33, are on the verge of a major financial breakthrough. Babu has […]
‘Just tell the honest truth!’: Ramit Sethi slams Kevin O’Leary for repeating the tired trope of creating wealth by skipping coffee, says ‘frugality’ isn’t the key to riches Buying coffee to-go has become a hot topic in personal finance. Some high-profile financial experts are convinced that overspending on lattes and cappuccinos is among the key […]
Feeling broke on a $665K salary: This surgeon and his wife didn’t realize their financial adviser may have been charging a high fee until Ramit Sethi set things straight Jeff, 50, is a specialized surgeon. His wife Susan, 48, is a stay-at-home mom. Even though Jeff earns an enviable $665,000 a year, the couple — […]
‘We are the poor people’: This couple with 2 children has a healthy income of $113,500 — so Ramit Sethi couldn’t understand why they were ‘stuck.’ Then it became clear In a recent episode of his podcast “I Will Teach You To Be Rich,” financial expert Ramit Sethi spoke to a couple who said they […]