Everything you’ve been told about money is wrong.
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- เผยแพร่เมื่อ 2 มิ.ย. 2024
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Can we take a moment to appreciate how we don't have to watch any ads on this video! Thank you so much for making the choice to go with quality videos over more money, Matt. It's all those little things that make a huge difference.
Co-Sign!
realizing the details! NICE!
what is adblock
Short term loss for a long term gain. Viewers who like and respect him know he's in for quality not quantity and will be more willing to spend money in the long run. It's just a better business model, everyone wins
This whole video is an ad. More than likely the guest/author of the book is paying him to be featured in the video to promote himself and his book.
The only advice I've taken is from Jay-Z... if you can't afford it twice don't buy it lol.
But why would you want it twice if you only need it once?
@@eppsislike cause most things have a cost of maintenance or will only last for so long. e.g. a car, having the money to buy it doesn't mean you can pay for gas, mechanical stuff, tickets, fixing in case of accident and so on. even for other things, if you spend most on your money on something that you'll need to replace soon or that takes from other necessary things, you're screwed. hence you should only buy one if you have that cushion for two.
Eppsislike: it's also about the extra money people pay because of credit card interest. Most people buy things with credit cards, then pay a bunch of interest on the item because of the credit card's 15-20% interest rate. Plus they're working longer & harder to pay down that credit card debt.
Save up. Have more than double the amount for the item. If it's really something needed/wanted, buy it at that time.
The other point.. a purchase ought never to wipe out your cash buffer. If you have $3000, and you spend $3000 on an item, you're out of cash & have to use credit cards if something comes up. If you wait till $6000 before buying the $3000 item, you have $3000 left over for the unexpected.
@@garrettk7166 makes sense. I'm from Europe so I'm not really acquainted with this term, nor can I understand why people would enslave themselves to interest just to buy something.
Some advice I once got is that it's not only best to pay for things in cash, but in that regard, if you can't take the amount it would cost for whatever it is (An album, shoes, a watch, car, etc) and set it on fire without wincing, then you can't afford it. Much like the Jay Z line, it makes one more cautious about what they're throwing their money to. In that, if one can't allow these things, then the expected reaction is "Pass" and therefore spend their money more wisely. Which may, in turn allow them to be able to do it later on, when the cost of that car is only
nobody:
Matt: I was $90,000 in debt and bought a new car and a leather jacket
i love hearing this everytime LMAO
Jordan Edwards yes! It’s so good to hear because it makes people realize that their priorities aren’t clear
haha we have same pic
UNKNOWN brothers 😳😳🙏🏾
And a tv
Legendary!!
This video, changed my life. I bought the book and I did what he said. Every dollar I spend next month is already budgeted and set a side. I've never felt this chill about money in my life. Thank you so much for interviewing this guy.
@Zeo Ze I'm curious too :D
Hey man how is it turning out for you?
he kinda sold his phone so he cant reply to all of you to make some more dollars
TechyBanda 🤣🤣🤣🤣🤣🤣
I used to be scared of money, which was quite rational. I grew up poor and never had enough. I was homeless at one point as a child. These videos helped change my relationship with money. Thank you for helping me transform my life.
Invest in Matts triceps and biceps. They’re always growing.
this should have more likes
lmaoooo
I’m offended that Matt hasn’t commented on this 😂
lol
buy bitcoin thank me later
This video was sponsored by the latte industry
You all forgot avocado toast
rdennis iT wAs A jOkE
Yeah watch out he's a shill for Big Latte
@@alexismisselyn3916 na that's cheap, tasty, and moderately nutritious. Just don't buy it at 'healthy cafe's'
Coming from a barista that makes a 100 lattes a day, Cortado and drip coffee are cheaper and better 😅
Kudos on calling Wells Fargo and Bank of America pieces of shit. My respect for you increased!
Instead of buying $3 coffee, drink Grahams 20c iced coffee. (lol)
Or buy a coffee machine and a travel mug?
Brendan Pospischil lol
I don’t drink coffee.
LOL. I was thinking of Graham's 20 cent coffee too. This guy says $3 coffee a day is not that much money...but if you do the calculation that's $1,095 per year.
ichelc that’s what I was pondering 🙌🏻
*Money is the consequence of creating a value for people.*
If you chase money, you will always suffer. If you chase excellence and creating value - money will follow as a BONUS.
That's the message from Spenser Johnson's "One Minute Salesperson."
@@AANasseh That's what this guy basically does to promote his channel. Steals emotional quotes and spams them on motivational videos...
Wow. Thanks
Okay if you don't care about money you can send all the extra to my bank account
Ossein is right, many people will not understand. I learned from Sadhguru and Alan Watts. Will never go back to my miserable life. Now I do what's needed and do it joyfully and money comes anyways without a struggle.
The Best method for saving money is forgetting who you borrowed it from!
Lolololol
We got the same name
Lol they'll kill me sooner or later!
wrong if you listen to him you are delusional
well that make me laught xD
I'd just be happy being debt free and not working 40-70 hours per week anymore.
Especially night shifts...
I agree. Add me as a friend please. Plenty of topics to talk Labour
I'm debt free therefore am not living scared of my auto immune disease (I'm often unable to work) sending the best of wishes your way! Debt free is an amazing feeling I hope to see everyone experience.
Must be a nurse
i relate to this so much!
Amen❤
I think what a lot of people miss about being frugal or money management is make a plan and be mindful. Being frugal doesn’t have to mean “save every penny” it can mean “buy the best quality now so you don’t have to replace it later,” budget doesn’t have to be a dirty word it just means have a map of where your money is going, part of that should be allowing yourself money for the things you enjoy. I like his idea of have a big goal and “backdate” the action steps to get there.
My only problem with personal finance gurus is that it seems like they made all their money from teaching others how to make money before they even made any money there self. It seems a bit odd.
So I ask one question, did this man become “rich” BEFORE he wrote a book on how to become rich?
Finally, a smart man/comenter
Exactly. Immediately stopped watching the video after he mentioned he just “decided” to start writing this book. There was no proper advice whatsoever.
InspirationNation right!
He got rich off of us little People!
He never said one time that he was rich. He also said he took schooling in psychology and finance before writing the book. He said his approach was to avoid the bullshit that other people do which means he likely read a lot of those books before learning what makes sense, what's helpful and useful, and what is a bunch of shit that is just wasting the reader's time.
The point of the title "I Will Teach You to Be Rich" is that you can "live rich" without a lot of changes, if you just cut back on the things that don't matter and focus on the things that do. Plus, doing things to increase your income now and in the future help you get more of what you want.
I would just like to point out Ramit Sethi is a Stanford Graduate who actually earned over $100,000 in scholarships. As a student, those two are extremely impressive alone, and together they point to a phenomenal person looking to share advice on personal finance. Of course, he makes money off of his books, but you can read many of the same concepts and ideas through his blog www.iwillteachyoutoberich.com/
I love those interviews in your living room. They are not just very entertaining and inspiring, they're also very relaxing to watch.
Kann dir nur zustimmen Nessa.
Clean up your house then.
I agree, authentic and make it feel as if we're all just in a friend's living room talking!
Nessa Goes Wild Nessa! Good to see you over here too. Knew you had good taste 😉
His video are all so relaxing to watch, so different from many other TH-camrs
I've been saving 13% of my paycheck every two weeks for the last 3 years. I am re-writing my financial world and not allowing my upbringing to hinder me. This video was a gem, most definitely buying the book to keep it up.
35 minutes without ads is worth watching and context itself is so pragmatic and empowering. Keep it up. Seriously Thanks Matt.
Video has ads now lmfao.
That’s is some quality self-D’Avellapment content.
NotaCharvy nice
#self-D’Avellapment
OMG I love this
Underrated comment hahaha
r/punpatrol yes, this one officer
This guy literally blew my mind with the natural way of approaching complex things. I'm going to follow him now forever.
truth!!
Me too!
You are displaying classic symptoms of Millennial induced Lost Sheep Syndrome. Seek help now, why you still (MIGHT) have the chance. Best of luck in getting out of your stupor, brother!
Cj hahaha what
@@BrendaBlanco - you should change your name to Millennial Clear-headed
I don't know if his salary raise concept works when you're a line cook at a burger king.
I think he mentioned getting a good job was important
And being very good at your job is important
Start cooking double the burgers.
The first step for most people is looking around, or doing what it takes, to get a better job.
You can become a line cook at a decent restaurant if you get precise and efficient. It's not a great increase but it'll definitely be something.
Dont buy a car with a loan, buy a cheaper one you can actually afford
Agreed. I would even go one step further. Learn to ride a motorcycle, especially if you live in the city. Get a small 125cc Honda used for like $1500. Spend less money on gas as well. It's also so much fun! I ride an old Yamaha DT100. Super cheap, super fun.
@@mcdonaldsguy8420 This works if you don't have any hobbies that require gear, like skiing, windsurfing, SUPing, etc. Also, motorcycle drivers are 5x as likely to have a fatal accident than car drivers.
Have fun riding your bike in -15°C, I've been there, it sucks
That's not entirely true. Depends on your budget. If you cant pay cash for a car that is in great condition, that works and wont break down every week, you are better off with a car loan or leasing. Repairs on a crappy car will be far more expensive than a descent car on a loan.
thats true! i bought my first car at 17 and got a cheap honda civic 1.4 lsi, i wanted a b16 type R but not going to make credit for a car. buy used, thats the secret
My father always told me: if things get expensive, you need to earn more, not save more
It's beautiful you have been told that 💕
Easier said than done 😂
@@deryamelody5423 true 😂👌
But possible💪
How about spending less on stupid shit?
Not very smart advice wasn’t?
This guy is a Genius. He starts off by roasting every other financial guy and promising not to repeat what they say. Then he gives the exact same advice just rotated slightly to make it what people want to hear. So dope!!
This is exactly what happened lol. It initially sounded so promising only to end on the same note as all the others.
There's a lot of really hollow bullshit in what he's saying.
Check out Graham Stephen you won't regret it
@@famescare9376 Graham would drop kick this fucking fake guru. This guy's advice is trash and only makes money selling how to make money. However the only way he made his money is selling how to make money.
not really his way is automation which is completely different than most other gurus i seen
3$ a day is "simply not that much money" ,but $20 - $50 a month cut dept down by years...hmmmm
I think he's referring to your priorities, though I see your point.
I believe its because it will cut down the amount of interest yo pay in the long run, but also 20$ is like 1 max 2 hours of extra work for people in developed countries. So if you were really committed to your goal of 0 debt you could easily pay an extra 20$ every working day by working 1 or 2 extra hours which would help a lot.
Also I think his strategy for getting a raise was useful advice.
he talks very abstractly and vaguely about nothing.
nori that's because you need to buy the book.
yeah it's not that much… if you're already financially well off…
My book: You can be rich, just make loads of money. The end.
Well, guess I better throw money at you. Thanks for the advice!
The point is you can manage your money on any budget by cutting things out that you don’t truly care about
Thank you I feel so inspired
Make loads, spend less, invest more. Done
Hahaha good one
A great man once said
"Use money as a tool, no great creator falls in love with the tool but the product they make using it..."
Focus on the big ones AND cut back for the fastest growth.
Because $10 saved is not the same as $10 earned. $10 earned is more like $7 after tax.
Don’t be a hermit crab, but also don’t splurge more than necessary, the key is balance.
as all things should be
smallchildlord r/unexpectedthanos
Zachary Laid Finding Freedom sdsssśrrrr
Yeah but it's much easier to increase your income by $10 a day (or $7 a day) than to cut $10 out of your daily budget. (Disclaimer, I didn't watch the video)
$10 saved is also not the same due to inflation
this very interview made me get serious about my finances a few months ago. since then, i’ve listened to the book (audiobook) 3 times, taken a detailed and birdseye view of my situation, and have almost saved enough to invest. i’ve only told my brother and my partner, because it’s something i feel like i can control (despite losing over half my work shifts). so thanks Matt, i needed this and it’s made a big difference!
Sadly true: having a good life doesn't take much, just take a moment to sit, reflect on what you want with a DEADLINE which will remain unchanged till the end. And it would be done. We can anything once settled up to it.
I feel like Matts my dad even though we are the same age 🔥
I ja volim tvoje ime 😍😍😍
Many greetz from Hamburg Germany 😘
He's a dad to us all😊
@PancakeGaming Thank you sir!
@@tonicaffierro2549 Hvala, pozdrav iz Melbourne, Australia!
Ohohoh brate, daleč od doma
If you don’t control your expenses or track them, it’s easy for them to creep up to your level of income. Having the mentality that this guy takes to money is the counter opposite of simplicity since he says it’s a waste of time to focus on saving low cost goods. Expenses matter and do add up over time.
Yes, small expenses matter, but cutting down on one small everyday expense that brings you joy will not help much in getting financial freedom. You of course have to be aware of your purchasing habits, but his point is that focusing on increasing your income will make a bigger impact on your personal finances than cutting back on small expenses. Just be careful to only spend money on things that actually matter to you.
"$3 a day isn't that much money anyway."
"Paying an extra $20 a month can cut your debt payoff by years!"
@@DSon25 lmao
the link between minimalizm and his way of thinking of money is a focus on priorities. instead of the focus being cut back on your expenses. you figure out what it is you want to spend your money on. In the frugal community you will see a lot of people who go on and on about being as thrifty as possible in the area of food. for me I like food. I very much want high quality food. and some conience too. what I eat has a significant impact on my quality of life. getting my nails done not so much. so rather than me trying to get my family's grocery budget down to 300 how about I raise it to $600 and focus on how to make that happen and perhaps part of it is cutting back on things that don't matter. however in that at this point I am not going to be able to cut that much from any other source so inorder to achieve that I would need to increase my income. he was compairing the money saved from not drinking a latte to the increase in money from the raise aswell as maximizing investing.
I agree. When he says that if you run the math, $3 for coffee everyday isn't that much money. $3 everyday is $90/month or $1,080 each year on something that simply isn't necessary. You can make your own coffee at home for 10-15% of that cost.
20:27 love this! I heard this tip in the book "Never split the difference" and I ask it in every job interview. It helps you see what you need to do to get a promotion and move up from the role
Ramit didn't spend all his college money on speculative investing. He had enough left to get two degrees from Stanford - one of the best universities in the world. That psychology training you got at Stanford did help. Kudos!
Mixed feelings on this. Frugality is not a bad word, he makes it sound like one is “cheap”. I live on a 40 acre farm in a nice cabin, own a boat, three cars, and have lots of animals. Why we have all of this is because we saved, we were frugal. We weren’t unhappy. We made intentional choices. It felt good to find ways to create the same lovely experiences for less... like making a Starbucks style Match Green Tea at home.
We live way below our means, drive used cars, and save a lot. We have no debt.
My plan has been this.
1.Work hard
2. Pay off debt
3. Save money
4. Prepare early for retirement by paying off the mortgage, invest, and create a source of residual income like being a landlord.
Pls dont forget that this is also a matter of opportunity. Lots of people save money, but that doesnt mean people will have three cars just by doing that. Black people , for example, people that dont have access to good schools, contacts or good jobs. Its not just about paying debts or saving money.
Have no debt
Never have debt
tell us how you saved 100k for your student loans? or that was not a issue in your lifetime? didnt think so. most ppl arent broke because of starbucks. living expenses and opportunities will make you broke before you even turn 21.
Zaquoya Tinsley i didnt say that it was just black people, dont know were you saw that. And i said it from a point of view from a person who were born in a city with mostly black people. Im also latina and black. Im from Salvador (Bahia, Brazil). But Its not about if you or me, personally you or your friends, can save money. I can. Its about people that dont have access to good college, that have a sallary of (here use Brazil as an example) 1250 reais and pay 1200 in bills like rent, food and health expenses. They have like 50 to use to transportation and so many other things. I saw that, lived that, its not imagination, its the situation of so many people. Its the reality of so many that lose their houses and cant afford to buy food. Some people dont save because they cant, not because they want to drink more coffee.
Literally the best videos for me. Not only speaking the truth but encouraging others to find their own type of "Less".
“You’ll watch your career soar!” - not if you work in a Government job where your wage is the wage, especially in the UK. You can’t negotiate Government pay scales or promotions, pay rises don’t happen that easily....
If more money is your goal. Sounds like you need a new career. 🤔
@@cindyshome32 Money isn't the goal. Job security, a secure income and a good pension are.
The more frugal I am, the happier I am. The less things I have to worry about the more comfortable I sleep. I'm making a lot of money lately, I hope I can buy my way out of this consumer frenzy.
Me too! The more you have, the more you have to worry about. I love minimalist living.
Apart from rent, petrol, clothing and food I stopped buying 'stuff' a few years ago. Once I had decided to do that it was incredibly easy. I honestly cannot remember the last time I was tempted to buy a gadget or anything like that, and I am A LOT happier for it. There is absolutely nothing wrong with wanting to be wealthy, but you really do not need about eighty percent of the 'stuff' you probably have.
You're right...it's much more peaceful to have a simple life. You don't need most things to be happy ..just a few things what's considered important and make sure you buy it with cash..
I love saving and tries to do delaying gratification to avoid impulse buying.
35 minutes!? Wow Matt your insane thank you for this free content!
I like how on Patreon he has the full 75 minutes.
Kate Me too, but it’s great how he provides add free top tier content on TH-cam also.
How to be rich: Write a book about "how to be rich" and convince people to buy it
keecefly Roflmfaoooooooo
Exactly.
xxlintux so write one?
Yeah. Exactly
But you have to be rich first though so that's invalid.
@@CharleswoodSpudzyofficial You don't need to be something to lie about it
"Dont cut back on lattes" ($4)
Yet...
"Paying an extra $20 a month can save you years paying off debt"
Which?
I think people that minimize or marginalize a frugal lifestyle do it out of frustration that they don't have the discipline to do it, so they artificially minimize its importance
Psychology of money is so true. When they were at the point of attitudes you grew up with I actually started crying remembering. It was something never talked about/taught. I was also made to feel like any buying decision was stupid and what I had wasn’t enough. It made me afraid to ask to help or information so I wouldn’t feel stupid
Me at 5, looking at my parents:
What's it gonna take to be the best around here?
Hahah that's gold
😂👍
**Queue Pokemon theme**
right!
you are sadly one of the worst around here, keep trying bud.
I’ve taken Matt’s advice and started to read a book on finance once a year, game changer!
Curiosity Culture same here! which books have you read?
@@alwayscreatingio which book?
imma ask too... which book?
Curiosity Culture nigga..which book?
Cherry Tung - The Frugal Designer Handbag Lover you’re pretty!
Thank you Ramit! After watching this interview I downloaded your book as onto my kindle and got reading. It was a breath of fresh air!
Everyone talks about earning more. Problem is when people earn more, they still spend more. (That's not a problem for the rest of us as that means a healthy economy, but not good for financial independence. )
Get full access to the 75 minute interview on patreon 🤭 I see someone knows how to make their money 👌🏻
uhm.. can't we appreciate how amazing his free content is? Consider that he doesn't put ads in his videos..
@@benjavk34 Never said we couldn't 😁 I for one love his videos and subscribed because of it. Even though I don't get ads anyway bc of adblocking that intrusive unwanted stuff 😉
Thanks Mr obvious
Flash 🇿🇦 who still uses patreon anymore? Most people I know (left, right, or center) bailed on Patreon after their anti free speech actions. Facebook is doing the same thing. It’s scary. Big global tech companies are starting to clamp down at free speech.
Don’t know who the guy who runs this channel is (no offense to him) but he should find another way that’s not Patreon
You are close minded.
How to be rich? Sounds like he became rich by selling a book about becoming rich.
Staying rich is harder than becoming rich
GhastlyDerp sell me this book
No one said you couldn't do the same...
@@GhastlyDerp it is not
@@GhastlyDerp No ignoring the lucky few winning lotteries who pretty much always blow it all, most people becoming rich do it through hard work and living below their means. Someone becoming rich that way will have a damn easy time staying rich, just not change their habits.
Thank you so much for this!! Honestly no one talks clearly and honestly enough about this and there's just a swarm of information. I'm tired of hearing that I have to live like a monk because I'm a student, I'm young I want to party and look good and not constantly be guilt tripped for enjoying my money instead of being a broke student. Thanks again, bring on ALL the videos about money
I come back to most of his videos once a year just for a refresher. Such an inspiration.
There’s something special about this guy 🤙🏻
Money is the main source of anxiety in my life
You can find a rock to live under it
Davis Morgan Zollars, try living on $2.50 /day...it may sound stupid but what you will realise (once you turn it into a game) is that it’s actually not that hard and that will give you a lot more confidence in your financial abilities moving forward.
Luka Henigman dumb lol
@@KyleWilliamsMusic1 are you calling the third world countries with poor people surviving for 2 dollars a day dumb???
I've got a friend who realized how much he was wasting, so he set up a super strict budget for him and his family for a whole year. Now he knows he's going to fail, but hes getting better and better at monthly budgeting.
Similar to the $2.50 a day idea, he uses "zero days" turning it into a game to try and not spend any money that isn't budgeted. It will be difficult, but he's working towards his rich life and getting better at planning along the way.
Oh my, just when I thought that I was upping my game and providing "value" I see this video which is so jam-packed with things so many of us struggle with. Thank you for putting out this video. It has brought so much perspective into my finances.
Hi Matt, I've been following you for the past two months and I gotta say you have definitely made an impact on me.
I saw this whole video through and noticed no ads while watching it, I really appreciate that. I didn't know that was a choice you made.
I will try supporting you on Patreon in December, as I just got back from vacation and I'm penniless Jajaja.
Keep up doing your thing man!
Bless you. I just found out I'm losing my job come August/September so finance is at the forefront of my mind. Am actually in the middle of redoing my budget right now so this couldn't have come at a better time
Lauren-Eva M good luck with everything 🙌🏼
Everything will be fine :) you at least have a bit of time to think how to solve this
Good luck!!
Lauren-Eva M: Sometimes life intervenes to force us onto the path we've been resisting, to our greater potential ... I wonder if there is something you've always known you were meant to be doing and now you'll have the chance to pursue it? I know it's tough but you'll be okay... And wind up in a better place.
"Posted 8 seconds ago.." YES, ANOTHER ONE!!
Same, lol.
Same
*In DJ Khaled's voice*
More like "Ah shit here we go again"
Can you sum up the video
This is fundamentally the best video I’ve ever watched on TH-cam, literally, ever, so far! Damn! Actionable, to the point, no fluff, hit the target where it’s sitting.
Thank you for asking about the people who are struggling. A lot of lifestyle/money/minimalist/personal development can be pretty classist. Hearing that question made me feel heard, and getting the answer gave me a plan for out of college.
Who else instantly clicks once Matt uploads
Who needs those Comments man
"when i bought a car, i bought a honda accord", that's a really luxury and expensive car in Brazil, even a civic is considered a luxury car down here, so it's really funny to hear him talk like it's a cheap car he don't care about, i would have to work 16 years on my last job, saving every single penny, to be abble to aford a honda accord.
[edit:] Not complaining, just amused to see the differences in perspective about certain things.
Here in Russia Accord is not considered cheap either!
Damn. Really makes me feel like I'm rich with two Toyota Camrys. I live in the US
An accord isn't a cheap or crappy car in America, but in comparison to what other best selling authors or business owners would drive (bmw, mercedes, huge expensive SUV, etc) it is a good example of not spending/wasting money just because those in your income bracket or with your type of job are buying certain things.
The cars that most self-important CEO types drive and the average American wants to drive, they cost 2x, 3x, 5x the price of a Honda Accord, just for comparison.
same here.
Feeling absolutely inspired to change my thinking just from this conversation alone. Thank you
New subscriber here: I love your channel. The quality content you make is insane. The videos are compulsively watchable, entertaining and to the point. And so helpful! Thank you for this interview!
“The slightly above middle class advice guy”
Beard included!
Excatly! The whole base premise that I spend a single cent on things that I just like is already a way too generous assumption. He obviously can't even grasp what true choking poverty is.
@@CraftyF0X you're obviously not in "choking poverty" if you have a device to watch the video
@@kanskjegunnarikkegeir5971 I also have a whopping 8 $ salary.... a day. You decide how choking it is.
Kanskje Gunnar ikke Geir libraries exist? sometimes people buy more expensive devices and then get laid off or lose their job unexpectedly? just because they have access to TH-cam doesn’t mean that they can’t be in poverty.
I remember a summer I was broke. Also invited to a good friend´s wedding. I walked to work and back everyday (40 min/way) for about 2 months in order to save $180 (I know is not much, but hey) just to put something on my friend´s husband starter pack (apart from buying shoes, flight, etc.). So it does make a big difference; making daily cuts on key things.
Big car vs small car, cooked meal vs ready meal, that kind of choices -when adding the time variable- become critical.
Cabroncete Lover ur a good friend
Just amazing people with amazing content! Appreciated! Hope too see more from you Matt.
I don't think people are being frugal by saying "don't spend $3 on a coffee every day." They're merely saying, "why spend $3 a day on coffee when you can spend $20 odd dollars and have a cup of coffee a day for several months."
It makes sense...
Here, I'll write a book right now. Want to have more money in the bank? Don't buy stupid shit and only buy what you actually need. I know people in this world that will spend hundreds of dollars to travel and go to a concert, come back, and then borrow money for rent. STOP.
You can watch anything you want online nowadays for free without Netflix. Get rid of Netflix and your cable. Get basic internet and use your cellphone instead of a landline. While on the topic of cellphones, you know, maybe don't get a new one each year?
Go out and buy your food, and if you say you don't have time and you need people to deliver your food to you (or maybe you eat out), make food in bulk on the weekend.
Buy your car. Get a roommate.
It's actually really easy to manage your money, just use your head.
Well, there's my book. Now give me your money.
Apologies. Slightly triggered here.
Love the Book 😊
Dude if u don’t go write this damn book nnd get rich already. How u put the simple out there nnd not follow it.🤦🏽♂️🔥🔥💯
So are you rich yet?
Love the book. Just a quick add. Fuck a car, bike. If you ever waste food you are doing something wrong.
So...he published a book "I teach you how to become rich" after losing half of his money in the stock exchange?? and then...he became rich!! He is a Genius!!! 😂😂😂
I left Wells Fargo and Bank of America because I noticed most of the account holders were always arguing about fees in the lobby
LOL
I have wells fargo & take easy precautions to avoid those fees especially since they tell you how to
@@iheartjbgccb why not just go to better bank
@@UpperCaseX What better bank?
The people knocking how Ramit may have gotten rich are the ones who will NEVER be well off. Rather than taking the chance and applying some of the concepts in his book, their energy is spent on ways to quickly dismiss him.
It's interesting how, from a 35 minute long talk, they'll single out ONE sentence they don't agree with, and then call the guy a fraud. It's like, if you're THAT biased, why are you even listening in the first place?
@@paulpincemin5700 The part I see being quoted isn't just something people disagree with, it's two statements that contradict each other, both of which were said by him.
Thank you!! I have heard him speak before. Your interview spoke to me and what concerns me. Thank you!! I learned so much and inspired to live better financially. ❤️
I learned how to blog from this man, so interesting to see him in video. Loved this video.
I immediately went and bought his book! Such a great interview.
CharliMarieTV haha bought the second version too hahaha
Lol
Oy lol
Tell me. How do you find the book? Should I get one?
wow Ramit is amazing, I love the passion (I know where the passion is coming from and when it is genuine). thank you for interviewing him.
*going to buy the book *
so i can spend more and have more money too?
SHUT UP AND TAKE MY MONEY!
@@dddmemaybe that' so stupid, you will need to invest to get more than the inflation
Matt you have inspired me so much, from working for my dreams to enjoying a cup of coffee every morning. I payed loans and next paycheck I'll be subscribing to your Patreon. Greetings from Mexico.
I'll jump to a quick conclusion but I don't think this guy really gets the current economic reality. Wages are stagnant, automation is increasing, prices are rising, personal debt is out of control and pensions are way underfunded. Every coffee now means that you have less for a future that is likely going to be hard on the majority of people. I'm not saying don't buy the damn coffee, just make sure you aren't relying on a raise in the future and you are saving today for tomorrow.
He's saying if coffee is what matters so much to you and makes you happy don't give it up. Find the things you don't care about much and cut from there.
Truly enjoyed watching this video, so glad it popped up on my feed. I’m excited to read his book now !
This video pushed me over the edge to subscribe to your Patreon. Your content is so valuable and I appreciate you.
The quality of content is increasing exponentially, good job.👌
As someone who just bought a 2011 Ford Escape so I can sell my 2018 Ford Escape so I can get out of debt faster, I get where he’s coming from when he says you don’t have to cut out 3-5$ a day because it won’t make that much of a difference, but in terms of getting out of debt, I really feel like it does make a difference. The amount of things I sell for 3-5$ really helped me pay off my credit card, and continues to help me with my student loans. I’m definitely gonna keep listening to Dave Ramsey until I’m out, but I’m also totally gonna look into this guys book. I think his approach is super needed in this society because a lot of people aren’t willing to sacrifice small things, and he seems to have a good technique to go about it and still help yourself in the long run. I think reading his take might help me learn how to, for lack of a better word, relearn how to spend money once I start letting myself eat out and buy things for fun again lol. So glad you posted this! One day when I have money for Patreon, I’m signing up for yours Matt, and coming back to watch the full video with him lol. Thank you for everything you create. It’s all like next level shit. So invaluable.
Look up Graham Stephen your mind will be blown
@@famescare9376 are you saying my mind will be blown in a good way or a bad way?
@@fanoftoast in a good sense.
@@famescare9376 oh I've checked him out before, i can't stand him lol. he encourages debt and that is the opposite of what i want lol.
This is such an amazing video, I 100% needed to hear this stuff.
This is amazing content! I fell in love the first time I watched this. I persuaded my boyfriend into watching it with me again and it's even better the second time around. I love your work. Please keep creating.
Latte's are not $3. I would spend $5-6 a day, and for just 4 work days that really, really adds up. I make my own coffee every morning now, and the best part is I can make it healthy and just the way I like it. Living frugally can be enjoyable, you just have to try.
@@Tiosh lol, I love latte's. I just realised spending $20+ a week on beverages is a dumb choice regardless. 🤪🖕
@@commonomics Lmao, on most incomes spending that much on something with no return is madness.
Why do I feel like this guy still doesn't get it
because he shows no enthusiasm haha
@@xXavorx It's actually fucking hilarious lol (le huge devil grin)
All of your videos and interviews are really inspiring and they help me strive to be my best self. Thank you so much for everything you do, I appreciate your videos :)
Thanks for this video! Such an important topic that I feel we aren't taught about at school or at home. Looking forwarding to more of your content!
Your recommendation of Dave Ramsey’s Total Money Makeover last year changed the way I handle my finances and importance of having clear plan to financial independence.
Now I am on my way to create different source of income thru freelance app development.
Thank you so much for these high quality content! 🙏🏼🙏🏼🙏🏼
towambii Just started reading it!
Steven Van you will not regret it. It relates highly with my pursuit of essentialism.
My key takeaway in the book was, DEBT is definitely NOT essential and can really be avoided given the right mindset.
Ramsey is a bit to over the top and hyperbolic. Just do the common sense things and you’ll be fine.
Dave Ramsey is great for getting out of debt, he helped me too. But Ramit Sethi really will teach you to be rich through investing. Now it's time to invest and have your money work for you.
Ok, searching that video RIGHT NOW..
Dude I NEED a in depth workout episode. Your biceps take up 50% of the screen!
Fantastic interview. Thank you!
I once got into my boss’s office to negotiate my sallary. He told me that I did’t achieve the goals (that time there was a new “target” that was very hard to achieve, put there intentionaly), even though I was the only one in the team that had 3-shifts schedule the entire Week. I was working in IT support; the target was fully dependent on the customers. I quit my job after 3 weeks.
Loved this video! Such a different perspective on money and finances. I was super encouraged when he said, "do you know your debt payoff date?". I absolutely do! 12/2020
Waited for a week. Immediately destroyed the play button.
RIP play button.
Shout out to my OG finance guy Ramit!!! His lessons helped push me from a job as a barista to my dream job as a graphic designer. Oh yeah, and once I negotiated a 50% raise with his "brief case" method.
Ramit legit changed my life.
Very good to hear! Good job :).
Awesome
Man such an awesome video could of kept listening to the both of you guys speak for ages man was honestly so awesome to listen to much love from Australia
This was an amazing interview with a lot value. I'm going to have to buy Ramit's book. Thank you!
wow, Ramit is a great speaker. loved this whole video. Thank you guys.
I actually watched this starting to end. I learned a lot ! Thank you for this content ! New subscriber ✌️
Financial literacy is important, but make sure you learn from people who know what they are talking about...
I don’t know where this guy is buying lattes but $3 is cheap. It’s more like $6 where I live
My town has $3 lattes
Yeah in most big cities it’s 6+$, I think some people spend 100$ every night they go drinking, over 6 years that’s a quarter million dollars
LoL in mine is 1.2 Euros
Nauzet 1387 lucky!
Alexis Misselyn no one is spending $42,000 on drinks per year. Stop kidding yourself.
My only issue with this advice is it assumes a 9-5 worker is in a fancy office with clean clothes but I work in construction and I was just happy to get a 50¢ raise yesterday. I bought the book anyways, hopefully it'll help in some way.
Good Kid M.A.D. City Dave Ramsey has a video of a guy who mowed lawns and is a millionaire. No, he didn’t inherit it. He earned it by the blood and sweat of his own body. It’s inspirational to know it doesn’t take a $100,000 degree to be financially secure. Don’t give up hope. Besides, plenty of men don’t know how to properly swing a hammer. You are very valuable.
Here's the thing, you are skilled with your hands and have experience. In a few years there will be a shortage of peoole like you. And then you will earn more.
Now here's the other thing: work where you work but keep thinking of other ways of making money. Investing, working something else, whatever. If you wanna be richer or more financially secure, you've got to work smarter, not just harder.
If you are young study up on the job, get all the certs that your company will pay for or you can acquire, if you are older then do the same but quicker
The start your own business with your skills and a vehicle like a transit , and sub contract (negotiation of pay) until you can become a GC yourself
Thank you for sharing this Matt! Also thanks to Ramit for giving great advice and helping change my thinking on how to shift my financial life
I am glad I watched this video again. :D thank you guys. more power to both you.