This is Holding You Back from Becoming a Multi-Millionaire

Exactly what I needed this morning Ramit. We make nearly 300k a year and my rich life involves a beautiful house and yard, but I find myself stressing too much about pinching pennys. I realize I should continue to live life and the money will come and we will have enough for a down payment when it gets here. I shouldn’t stress about the $15 dog toy or $40 for a hobby I truly love. Thanks a ton and have a great rest of your week!

I used to tell myself I wasn't good with finances. Sure, I could avoid debt but I didn't know anything about investing. Then I got the best advice from my cousin. He works at one of the big finance companies, and I asked him if I should hire a financial advisor to help me. He said I was smart enough to do it myself. By golly, he was right. I had to read lots of articles and books and listen to many podcasts, but I've completely changed the way I view money. Thanks, Parker, and thanks, Ramit, for all your lessons.

Straight up teaching therapy skills of thought challenge, thought diffusion, and dialectic statements; I love it

We grew up poor with me having to drop out of school to work. I subsequently returned and graduated high school and later college. Due to the scarcity and instability of my upbringing I bought my first home (one of those no down payment loans) at 22 which was a financial hardship. If I could go back in time I would tell my old self to rent, invest and enjoy life and that homeownership does not define success or stability.

I loved the look on the car sales person’s face when we said, “No financing. We’re paying cash for it.”

My parents raised me to be very conservative with spending because we grew up poor, and that caused me to be a penny pincher. Even up until last year. It wasn't actually until I went on vacation in Europe, where everything was expensive, and watching your videos (as well as a few other finance tubers), that I started to change my penny pinching ways and spend a bit more on myself on the things I care about (mostly high-quality groceries and some hobbies). This was helpful in letting me re-evaluate some things.

I had a breakthrough listening to one of the money scripts you described. Thank you for your channel, it has helped me very much. I wish I understood the invisible scripts sooner instead on the brink of retirement. Better late than never!

His book 'I will teach you to be rich' is amazing and is changing my life.

Not Ramit posting the gym thirst traps 😂. J/k great video as usual and wonderful message. Keep it up.

My script was basically twofold. One I thought the only way to be successful was to own a house or at least condo. As I saw housing go up faster than my income I told myself I'd never be able to afford a house where I wanted to live. So those two combined and led to "I'll never be able to afford a house so I mind as well drive a nice car" So instead of saving and investing I have been on the buy/drive/trade in/upgrade treadmill for probably 20 years. I watched Ramits Netflix special when it came out, read the book shortly after. Ever since then I feel so much better about money and my ability to retire one day. I still have plenty of work to do. But having a plan and a direction has taken so much weight off my chest.

I’m a financial planner and I still recommend all my friends and family to read your book first before asking me about money. Good stuff!

Yep, I feel good about buying my holiday themed, beautiful crocs :)

Loved listening to this! Thanks for the content.

Great information about money Psychology. thank you!

I loved it! Keep making videos like this, you’re the best!

This has been very insightful

Super impactful video and actionable strategy - thank you for sharing info on this super important part of personal finance that is overlooked most places! Reading your book and listening to your content has really helped me on my journey. While I grew up with overall neutral/ positive views of money, it was not an abundance mindset and had a lot of class insecurity (despite financial security) passed down. Took me yesrs to start to feel comfortable around what I now consider peers and feel comfortable having similar lifestyles rather than constant imposter syndrome

Why did I imagine the Obi-wan Kenobi meme, where he says, "of course I know him, he's me!" when this video first started? haha

My parents were very generous and they didn't have a lot. ❤❤❤

habit is controlled by your reticular activating system, and it takes about 3 weeks to reprogram it (ymmv). so, if you need to change those scripts all is not lost. keep working at it.