How to Live Your Rich Life with Ramit Sethi
06/30/21 • 65 min
1 Listener
#9: Bestselling author Ramit Sethi joins Chris to talk about what living a rich life really means and how to start living one. They also discuss money rules that make your finances easier, the invisible scripts society has created to control our financial lives and how couples can better their tackle money issues.
Ramit Sethi (@ramit) is the author of I Will Teach You To Be Rich, a New Times Bestselling book with over a million copies sold. He also publishes a newsletter and runs programs about money, work and life at iwt.com.
Full show notes available at: https://www.allthehacks.com/live-your-rich-life-ramit-sethi
Partner Deals
For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals
Resources Mentioned
Connect with Ramit Sethi: Website | Twitter | Instagram
Ramit Sethi’s Book: I Will Teach You To Be Rich
Money Rules: Ramit's 10 Money Rules
Travel meaningfully: Airbnb Experiences
Full Show Notes
(01:10) What does it mean to be rich?
(02:40) Ramit's rich life
(05:31) Two conflicting money messages: Ignore both and do this
(08:04) Five essential personal finance questions
(10:04) The true cost of homeownership: Why a house isn't always a great investment
(16:38) Negotiate like an Indian: Just ask
(17:44) Timing and place for negotiation
(19:20) Unconventional items to negotiate
(20:45) Spend less or make more: The priority
(22:44) First step for financial order
(28:19) A rich life: Not shopping by price
(29:47) Overthinking $3 purchases
(30:50) Couples' money missteps
(33:57) Perception of being cheap
(35:42) Neglected financial education demographics
(37:57) When savings become excessive
(39:39) Paying cash for trips and optimizing time
(45:04) Your journey after making enough money
(48:50) Ramit's travel hacks
(53:04) The book buying rule
(53:45) Ramit's 10 money rules for easier decisions
(58:03) A financial challenge
(58:53) Investing: Embrace the boredom
Connect with All the Hacks
All the Hacks: Newsletter | Website | Membership | Email
Chris Hutchins: Twitter | Instagram | Website | LinkedIn
Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Learn more about your ad choices. Visit megaphone.fm/adchoices
#9: Bestselling author Ramit Sethi joins Chris to talk about what living a rich life really means and how to start living one. They also discuss money rules that make your finances easier, the invisible scripts society has created to control our financial lives and how couples can better their tackle money issues.
Ramit Sethi (@ramit) is the author of I Will Teach You To Be Rich, a New Times Bestselling book with over a million copies sold. He also publishes a newsletter and runs programs about money, work and life at iwt.com.
Full show notes available at: https://www.allthehacks.com/live-your-rich-life-ramit-sethi
Partner Deals
For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals
Resources Mentioned
Connect with Ramit Sethi: Website | Twitter | Instagram
Ramit Sethi’s Book: I Will Teach You To Be Rich
Money Rules: Ramit's 10 Money Rules
Travel meaningfully: Airbnb Experiences
Full Show Notes
(01:10) What does it mean to be rich?
(02:40) Ramit's rich life
(05:31) Two conflicting money messages: Ignore both and do this
(08:04) Five essential personal finance questions
(10:04) The true cost of homeownership: Why a house isn't always a great investment
(16:38) Negotiate like an Indian: Just ask
(17:44) Timing and place for negotiation
(19:20) Unconventional items to negotiate
(20:45) Spend less or make more: The priority
(22:44) First step for financial order
(28:19) A rich life: Not shopping by price
(29:47) Overthinking $3 purchases
(30:50) Couples' money missteps
(33:57) Perception of being cheap
(35:42) Neglected financial education demographics
(37:57) When savings become excessive
(39:39) Paying cash for trips and optimizing time
(45:04) Your journey after making enough money
(48:50) Ramit's travel hacks
(53:04) The book buying rule
(53:45) Ramit's 10 money rules for easier decisions
(58:03) A financial challenge
(58:53) Investing: Embrace the boredom
Connect with All the Hacks
All the Hacks: Newsletter | Website | Membership | Email
Chris Hutchins: Twitter | Instagram | Website | LinkedIn
Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Previous Episode
Earning 9% on Cash, Investing in Crypto and Trading Options with Zac Prince, BlockFi CEO
#8: Crypto expert Zac Prince, joins Chris to talk about how to earn 9% interest on cash through crypto stablecoins. They also discuss Zac’s favorite investing hacks, his crypto portfolio advice, Bitcoin, Ethereum and other different crypto tokens Zac invests in.
Zac Prince (@blockfizac) is the CEO of BlockFi, a crypto-first banking platform that lets you earn interest, borrow cash, and trade crypto. BlockFi is one of the fastest growing fintech companies ever and currently lets you earn up to 9% on your cash using crypto.
[Note: Since this episode aired, BlockFi has halted withdrawals and I can no longer recommend using them, but I've decided to keep the episode up]
Full show notes available at: https://www.allthehacks.com/blockfi-zac-prince
Partner Deals
For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals
Resources Mentioned
Connect with Zac : Twitter | LinkedIn
Get your bills negotiated: BillShark | Trim
Grow your wealth: $5,000 Managed Free at Wealthfront
Options Income Strategies: Article from SeekingAlpha
Full Show Notes
(01:42) How Zac ended up running BlockFi
(03:35) How BlockFi pays high interest rates on cash
(06:50) Risks of putting money in a BlockFi account
(08:09) How BlockFI lends out about $70-80 for every $100
(09:31) BlockFi automation and risk reduction for bitcoin
(11:08) BlockFi's uniqueness in interest-paying platforms
(13:09) DeFi vs. BlockFi: Comparing payout potentials
(14:30) BlockFi's scale and valuation journey
(15:27) Should crypto be part of your investment?
(18:45) Mainstream adoption timeline for cryptocurrency
(21:42) Traditional banks and their crypto hesitations
(23:06) Stock options: Leveraging for wealth growth
(27:21) Credit score's role in saving money
(28:17) Outsourcing bill negotiation for savings
(29:32) The world’s first Bitcoin rewards credit card
(34:14) Navigating cryptocurrency variety: Three categories
(35:46) Exploring stablecoin applications
(36:19) BlockFi CEO’s cryptocurrency portfolio
(37:04) Ethereum: Betting on the blockchain future
Connect with All the Hacks
All the Hacks: Newsletter | Website | Membership | Email
Chris Hutchins: Twitter | Instagram | Website | LinkedIn
Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Next Episode
Practical Money Hacks with Lisa Rowan
#10: Money Hacks author Lisa Rowan joins Chris to talk about lots of money hacks your might not know about, including grocery store hacks, deals on prescriptions, finding and claiming your missing money and getting things repaired for free!
Lisa Rowan (@lisatella) is author of Money Hacks: 275+ Ways to Decrease to Decrease Spending, Increase Savings, and Make Your Money Work for You! She's also a consumer finance writer at Forbes and the co-host of the Pop Fashion podcast.
Full show notes available at: https://www.allthehacks.com/money-hacks-lisa-rowan
Partner Deals
For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals
Resources Mentioned
Connect with Lisa Rowan: Website | LinkedIn | Twitter | Podcast
Protect yourself online: Try 1Password for Free
Penny Hoarder: Website
Get a virtual credit card: Privacy.com
Coupons for Prescription drugs: GoodRx
Find coupons automatically: Honey
Websites where you can flip your things: Facebook Marketplace | Craigslist | NextDoor | Poshmark | StockX
Save on your energy bill: OhmConnect
Find out your credit (vantage) score: CreditKarma | Credit Sesame
Side hustle ideas: Rent A Friend | Sell Your Junk Mail | Dscout
Save money on books: Library Extension | Libby App
Full Show Notes
(00:01) A Winning Listener Hack
(00:37) Introduction to Lisa Rowan
(02:31) Lisa's Money Hack Obsession Origins
(06:31) Prioritize Splurges with a Key Question
(10:16) Escaping the Free Shipping Trap
(13:33) Swapping Subscriptions for Something Better
(15:26) Hacks to Avoid Free Trial Forgetfulness
(17:41) Saving on Prescriptions and Medical Costs
(22:26) Finding Discount Codes Beyond Honey
(23:29) Repair Cafes vs. Costly Fixes
(24:13) Thrifty Choices at the Pawn Shop
(24:42) Grocery Shopping Hacks: The Clockwise Stroll
(25:08) Flipping Unused Items for Profit
(28:20) Saving Energy, Getting Paid
(31:12) Credit Building via Rent Payments
(33:00) Getting Your Real Credit Score for Free
(35:03) Uncovering Missing Money
(39:00) Readiness for Money-Making Opportunities
(40:50) Unconventional Side Hustle Ideas
(44:54) Ignoring the Stock Market Noise
(45:55) Discerning Crucial Text Messages
(48:54) The Less Glamorous Side of Money Management
(49:23) An Unpublished Hack from Lisa
(50:46) Should You Try Every Hack?
Connect with All the Hacks
All the Hacks: Newsletter | Website | Membership | Email
Chris Hutchins: Twitter | Instagram | Website | LinkedIn
Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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