The Diary Of A CEO with Steven Bartlett The Money Expert: "Do Not Buy A House!"... The 10 Ways To Make REAL Money! Ramit Sethi (E266)
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Jul 20, 2023 
Ramit Sethi, a personal finance expert and author of 'I Will Teach You to Be Rich,' challenges conventional wisdom on wealth in this engaging discussion. He shares why buying a house may not be the best investment and offers ten golden rules for financial success. Sethi emphasizes intentional spending, the importance of a long-term investment strategy, and lessons learned from cryptocurrency. He also dives into the character traits that hinder wealth and the value of crafting a personalized financial future that aligns with one's life goals.
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Finding Funds
- To invest in funds, find a low-cost brokerage firm like Vanguard, Fidelity, or Schwab.
- Use their platforms or apps to select and invest in your chosen fund.
Investments vs. Checking
- Steven shares a story of a friend who withdrew from investments to pay bills.
- This highlights a common mistake: treating investments like checking accounts.
Small Wins
- Real wealth comes from small, consistent wins over time, not big risks.
- Compounding returns over time creates significant wealth.
