#536: How to Achieve a "Rich Life" With Your Finances

#536: How to Achieve a "Rich Life" With Your Finances

If you've read a lot of personal finance advice, you know that it usually concentrates on what you can't do -- what you shouldn't buy and how you shouldn't spend your money. What it doesn't often offer is a vision of what all that scrimping and saving is for.

My guest today argues that while knowing how to save money is hugely important, it's important to know how to spend it too. His name is Ramit Sethi and he's the author of the book I Will Teach You to Be Rich. It's now out as a revised second edition, ten years after of the publication of the original. We begin our discussion going over what has and hasn't changed over the past decade when it comes to personal finance. Ramit then makes the case that living what he calls a "rich life," involves not just knowing where to cut back on spending, but where to increase it in places he calls "money dials." We then get into some practical ways to better manage your money to ensure you spend less in areas you don't care about, and more in those you do, including how to manage and pay off credit card debt, the bank accounts you need and how to set them up so that your finances are automated, and why you need to start investing today. We end our discussion on the idea that the big money decisions that many people ignore are more important than the small ones that get a lot of attention.

Get the show notes at aom.is/richlife.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jaksot(1159)

Truths Your Therapist Won't Tell You About How to Get Your Mind Right

Truths Your Therapist Won't Tell You About How to Get Your Mind Right

When people visit a therapist's office for help with their depression, they often don't find the relief they're seeking. That's because much of the counsel that is traditionally given doesn't offer th...

14 Huhti 55min

You’ve Been Pooping Wrong — Here’s How to Do It Better

You’ve Been Pooping Wrong — Here’s How to Do It Better

Pooping. Everybody does it, but a lot of people are embarrassed to talk about it. That's a shame, my guest says, not only because your digestive health is incredibly linked to your overall health, but...

7 Huhti 49min

The Mystery of Courage

The Mystery of Courage

Courage is one of our most prized and celebrated virtues. But once you really start exploring it, the nature of courage is surprisingly hard to pin down.Here to help us explore the fascinating complic...

31 Maalis 56min

The Mental Skills for Becoming an Everyday Genius

The Mental Skills for Becoming an Everyday Genius

We tend to think of genius as something you’re born with — a rare trait possessed by the Einsteins and Teslas of the world. But what if many of the abilities we associate with genius — a great memory,...

24 Maalis 49min

The Hidden Power of Heat — How a Good Sweat Heals Your Body and Mind

The Hidden Power of Heat — How a Good Sweat Heals Your Body and Mind

Cold exposure has gotten a lot of attention the past few years, with people dunking themselves in ice baths for the sake of their health and well-being. But, good news here, exposing yourself to heat ...

17 Maalis 47min

The Invisible Limits Holding You Back (And How to Change Them)

The Invisible Limits Holding You Back (And How to Change Them)

When we fail to make desired progress in life, most of us put the blame on physical and environmental limits. But my guest says that what's really holding people back is what's in their heads.Nir Eyal...

10 Maalis 51min

The Power of a Purpose-Driven Life

The Power of a Purpose-Driven Life

When it comes to building a happy and meaningful life, most of us rely on a grab bag of strategies — habits and goals around work, relationships, and health. But my guest today would argue that in the...

3 Maalis 53min

Born to Carry — How to Build Strength, Stamina, and Sanity Through Rucking

Born to Carry — How to Build Strength, Stamina, and Sanity Through Rucking

If you're looking for a way to improve your fitness, boost your mental health, and reconnect with a deeply human activity — all without going to the gym or pounding your knees on a daily run — then ru...

24 Helmi 51min

Suosittua kategoriassa Koulutus

rss-murhan-anatomia
voi-hyvin-meditaatiot-2
psykopodiaa-podcast
rss-narsisti
rss-liian-kuuma-peruna
adhd-podi
rss-rahamania
rss-niinku-asia-on
puhutaan-koiraa
kesken
psykologia
rss-valo-minussa-2
rss-tietoinen-yhteys-podcast-2
rss-duodecim-lehti
rss-psykalab
leikitaanko-laakaria
rss-lasnaolon-hetkia-mindfulness-tutuksi
rss-vapaudu-voimaasi
rss-hereilla
rss-rentotapaus