The Quick Part is a Lie, But This Guy Will Teach You How to Get Rich | Ramit Sethi on Impact Theory
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Published 2019-08-13
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Are you tired of personal finance advice that makes you feel terrible for buying lattes? Well, the “no-BS money man for the new generation”, Ramit Sethi, is tired of bad personal finance advice too. Instead of giving you guilt trips about life’s daily pleasures, he tells you how to negotiate a 25k raise. On this episode of Impact Theory with Tom Bilyeu, Ramit Sethi, author of “I Will Teach You to be Rich”, does just that. Find out how to negotiate big raises, control your spending, get out of debt, and form positive money habits that will make you financially free.
SHOW NOTES:
Ramit describes the connections between systemic inequality and mindset [2:39]
Ramit talks about how 90% of people in debt don’t know how much they owe [4:16]
Ramit describes people’s invisible beliefs about money [5:35]
Tom and Ramit discuss how to get through to people about making money [8:09]
Tom and Ramit discuss spending on what you really love [12:20]
Ramit defines a rich life [14:54]
Ramit and Tom discuss dark beliefs around money [16:35]
Ramit explains how to get a 25k raise [23:15]
Ramit advocates that people desperately crave the truth [30:06]
Ramit illustrates how people victimize themselves [31:53]
What kinds of rules should people have around money? [34:53]
Ramit discusses core values and money [38:06]
Ramit describes how to have deep conversations in relationships [40:41]
Ramit explains what rules new couples should have around money [43:20]
How people should think about saving and debt [45:58]
Ramit talks about the small minority of people who are obsessed with money [48:17]
Ramit shares the impact he wants to have on the world [49:39]
QUOTES:
“Lattes is a classic example. Everybody tells you not to spend money on lattes. That’s the worst advice ever! Buy as many lattes as you want.” [11:12]
“When I ask people what’s a rich life to you, they usually say two things. Freedom, which is a very nice word, but kind of generic. And they say a number, usually a million bucks.“ [14:58]
“No matter what, you will get the shit kicked out of you at some point in life. And you can take two routes. You can say, Oh that sucks I’m never gonna do that again. Or you can say, oh, that did suck, what did I learn from that? How can I improve?” [20:33]
“I routinely show people how to negotiate 10, 25 thousand dollar raises.” [24:55]
FOLLOW:
WEBSITE: www.iwillteachyoutoberich.com/
INSTAGRAM: bit.ly/2YMAtNb
TWITTER: bit.ly/2KsVAiA
FACEBOOK: bit.ly/2Kuh3ro
BOOKS MENTIONED IN THIS EPISODE:
“I Will Teach You to be Rich” amzn.to/2YL7qJV [1:58]
IMPACT THEORY MERCHANDISE: Check out Impact Theory's Merch Shop: bit.ly/ImpactTheoryShop
All Comments (21)
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I’m a professional for 11 years in finance… I’ve never seen any speaker who was more real world accurate and effective information and direction than this man. Watch this all, everyone!🤙🏾
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For your life to change you must change. Life is an inner game my friends.
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How to get raise: 1. Ask 4 meeting on becoming top-performer 2. Come up with your own plan 3. Show plan on meeting 4. Implement & get results 5. Show results 6. Ask 4 raise
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Came here to see if Tom said suuuuuper and reeeeeeeally. Was not disappointed within the first 5 minutes.
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I agree with Ramit. Tom's audience are the best as they're mostly positive audiences and watches the entire video always. I even watch at least trice especially when the guest is great.
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I don't want to get rich quick, I want to get rich for sure! 🔥💪
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Ramit has so much valuable money about finances and money. Appreciate that you had him on the show Tom.
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The best way to make money is to deserve it. Money follows value, always!
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As a black man I totally get that we can get in our head and try to fight a bigger fight then needed. Losing sight of our own place in the world. The prejudice and struggle does create a callous heart and mind. During the video I was doing alot of the things they said. Playing victim and making excuses for why them and why not me. As I continued to watch I took a self inventory and that ball in my stomach that was resisting the belief that I will prevail if Im put the work in went away. I am going to continue to push forward and not lose myself in societies issues. I have a goal and a family that means more to me then any things else. Staying Hard. Thanks!
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Tom one of my entrepreneur goals is to become so successful I can be a person on your show sharing my story talking to one of the people who help motivate me daily
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"Competitive suffering" Something I heard from an Alan Watts talk. The part about the comment section reminded me of that idea.
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Great f*king conversation! To the suggestion of running just once a week... I had a friend start running with me just on sundays for a year and at the end of a year he was able to run a marathon and now runs all the time. Thanks Tom for the gems over the years! You're a legend.
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You are the best channel on youtube!
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Wow. Loved the psychology talked about in this interview... rather than just another "tips to get rich" kind of advice. The part about people racing to be the victim was very interesting. Some golden nuggets I'll take away is things like "it's much easier to go from 15 to 30% than it is from 0 to 15, but people would rather dream of doing 30% than even start with 15%" so true! Thanks Ramit and Tom, really enjoyed this interview! Impact Theory is really the place to be if you want more than just the generic advice! Really grateful for this channel!
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toms the best interviewer ive ever seen. this is one of my favorite guests.... he almost starts to interview tom at points. great conversation overall.
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Love Ramit's enthusiasm & humor.. It keeps things interesting and not dry. Super helpful. Thank you!
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My favourite part of this interview was the bit were him and his wife want the life that could make family- still comfortable in and around thm, the way thy personalised to different people it made me a little emotional, beautiful way of making those who are important to u feel important
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Ok I literally downloaded his audiobook a few weeks ago and just picked it back up today and now I'm seeing this!! WOW! Alright I heard you universe.
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One of the best interviews I've ever heard.. definitely buying his book!
