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433: Ramit Sethi Revisited: Spend Like Your Life Depends on It

433: Ramit Sethi Revisited: Spend Like Your Life Depends on It

FromBiggerPockets Money Podcast


433: Ramit Sethi Revisited: Spend Like Your Life Depends on It

FromBiggerPockets Money Podcast

ratings:
Length:
51 minutes
Released:
Jul 24, 2023
Format:
Podcast episode

Description

The last time Ramit Sethi was on the show, tears were shed, money fears were exposed, and Mindy was forced to take a hard look at her financial habits. Now, Ramit is back, as we revisit some of the critical moments of Mindy and her husband Carl’s interview on Ramit’s show, I Will Teach You To Be Rich. In this episode, Mindy challenges the FIRE frugality she’s been stuck on for so long and discovers why more money isn’t always a good thing.
If you’ve ever had a money struggle, whether too much or too little in the bank, Ramit is who you should listen to. His advice goes far beyond the regular “save more than you spend, invest the rest” type of advice you constantly hear from frugal podcasters. Instead, Ramit wants you to maximize your happiness and make the most out of life while not struggling to survive. In short, Ramit wants you to live a rich life, not a frugal one.
If you struggle to spend, pinch pennies, or are dead set on reaching FIRE as fast as possible, this episode is for you.Carl, Mindy, and Scott will go over the common misconceptions about money, debunk the “wasteful” spending myth, explain why you should die with zero, and critique the flaws of the FIRE community.

In This Episode We Cover
Why the FIRE movement is wrong and getting rich should NOT be the goal
What to do when you have lots of money but no time to spend it
How to “Die With Zero” and enjoy your wealth while you’re still here
The “what if I run out” fear and how to get over the dread of overspending 
Testing your spending and why you NEED to book that trip you’ve been thinking of
Building a rich life and how to make the most of it with the money you have
And So Much More!

Links from the Show
BiggerPockets Money Facebook Group
BiggerPockets Forums
Finance Review Guest Onboarding
Join BiggerPockets for FREE
Mindy on BiggerPockets
Scott's Instagram
Grab Scott’s Book, “Set for Life”
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Listen to The Real Estate InvestHER Show
Join The Real Estate InvestHER Community on Facebook
Register for an Upcoming InvestHER Event
Money Moment
Mile High FI Podcast
1,500 Days to Freedom
Carl's Email
Ramit Sethi’s Money Advice for Couples: Live a Rich Life, Together
Mr. Money Mustache on Life After FI: The Truth About Retiring Early in Your 30s
Hear Mindy and Carl on “I Will Teach You To Be Rich”
My Death March to Financial Independence

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-433
 
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Released:
Jul 24, 2023
Format:
Podcast episode

Titles in the series (100)

For those who have money… or want more of it! Join Mindy Jensen and Scott Trench (from BiggerPockets.com) weekly for the BiggerPockets Money Podcast. Each week, financial experts Mindy and Scott interview unique and powerful thought leaders about how to earn more, keep more, spend smarter, and grow wealth.