Moment 148: Guarantee Financial Freedom! The 4 Numbers You NEED To Be Tracking: Ramit Sethi
Listen now
Description
In this moment, personal finance expert Rami Sethi breaks down the 4 finance numbers everyone needs to know and what exactly a ‘rich life’ is. Ramit says that most people don’t have even the most basic understanding of money, compare this to other areas of life such as driving, where we need to know the rules of the road before putting a key in the ignition. However, personal finance is actually incredibly simple and Ramit says that the four numbers you need to track are: your fixed costs like rent and groceries, savings, investments, and guilt free spending. From these numbers, Ramit says that he can see what are a person’s priorities and outlook on life. But more revealing is someone’s idea of their ‘rich life’. This is what a person’s life would look like if they finally reached the level of wealth they are chasing. Ramit says too often people’s answer to what their rich life is vague, for instance, saying they want to be able to do what they want when they want, or to have freedom. These answers are so vague as people have never really thought about this question before, but Ramit say they need to think about this potential future deeply and in detail so that they can truly envision it. Listen to the full episode here - https://g2ul0.app.link/hzKpXWPk1Gb Watch the Episodes On Youtube - https://www.youtube.com/c/%20TheDiaryOfACEO/videos Ramit- https://www.instagram.com/ramit/?hl=en-gb https://www.iwillteachyoutoberich.com Learn more about your ad choices. Visit podcastchoices.com/adchoices
More Episodes
In this moment, world renowned coffee expert, James Hoffmann, tests and chooses the best high street coffee. James guides you though everything you need to know to assess coffee like a professional, this includes looking at the roast of the coffee, the smell and finally it’s taste and different...
Published 04/19/24
Learn how to attack life with the same intensity as a member of the world’s most elite fighting force Jocko Willink is a retired U.S. Navy SEAL officer and New York Times bestselling author, he is also the host of the Jocko Podcast, and co-founder of the leadership training organisation, Echelon...
Published 04/18/24