As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.

Did the math and I’m so ashamed. My fixed cost is 37.5% I dont have an excuse to live paycheck to paycheck. 😂😂 Thanks for your content. Im going to get it together.

I’m a financial planner working for a large wealth management firm and I still recommend everyone in my personal life to your book and content. Love your money philosophy!

The year was 2016, I was desperately trying to break into corporate America, stumbled upon Ramit video writing a better resume and persuasion. Best video ever. Helped in landing my first role, fast forward 6yrs later and I am making 400K/yr

I have been watching and learning to manage my money for years on UKposts and this is by far the best and most complete video I have ever seen! This should be taught in every high school in the nation. I have downloaded it and will be showing to my kids before they start their financial journey. Thank you truly for this content!

Enjoyed your video - great advice! Thankfully I have been doing most of this for past 20 years with exception of automatic payments. Could do more detailed budgeting to cut expenses especially since I am almost ready to retire. Enjoyed your Netflix series - please continue to good work!

Read your book back when I started working and have been rolling ever since. Biggest key I took from you is to make a 50-30-20 budget and then just automate the 20%. I have since ramped my savings from 20% to 40% a month

I read your book and I loved it! So simple to follow and teaches us how to grow. Thank you for all your hard work! I’m no longer afraid to manage my own investments and transferred my retirement to fidelity instead of high cost fund managers. Thank you for all you are doing! You help us everyday people figure out the formula ❤ I’ll be binge watching your other videos from here on out. I’m already helping 2 family members because of you

This bucket approach makes more sense than a budget. Thank you for the good information.

Ah, Ramit, I got your book through the library and have been on the waiting list again to get it back (slash I’m hoping someone gifts it to me for the holidays!) so this video is such an amazing summary and so helpful to keep progressing on my financial journey. Thank you so much for this!!

Richness is what you see while wealth is what you don't see. Building wealth is what gives you the opportunities to do what you want and when you want to do it, because it allows you to control your time, which is the most valuable asset you can possess. Ramit's book is a tool, but understanding "The Psychology of Money" (as articulated in Morgan Housel's book) is the key to wealth.

Ramit, Thank you for creating this video. It is exactly what I was looking for to navigate through the complexities of financial decision making. I have one question on the Conscious Spending template under Investments. Does this include retirement accounts? It says non-retirement - all investments on the template. Just need to clarify. Thank you!

Loved your show, love your podcast and your book and I especially love your no bullshit approach to living a wealthy life!

This video inspired me to set up automatic transfers to my brokerage and savings accounts instead of doing it manually every couple of months. Thank you!

This is an incredibly valuable video.

Finally a man who really knows his number… and be truthful advice, no bs. Subscribed.

Love this! I can start at step one and gain control. Thanks so much.

Love it! Subbed. Also watched your series, very well put together and entertaining.

Thank you for sharing your knowledge, Ramit! How can I apply this method in Argentina? Thank you again! Take care 😊

Thank you so much for your teaching ❤

This was very helpful thank you

Sound advice! I work in the financial sector and this is what I tell people too. Now I’ll just send them your video!

Excellent and so easy to follow. Loved working through this when I bought the book 10 yrs ago.

Best video I have seen about personal finance in sometime. Subscribed

Thank you SO much for this video. This plan is how my brain works. I have never been able to budget every penny and all the tracking. This is beyond helpful. This is going to help be to learn to be rich!

Amazing content and delivered in a simple and entertaining way!

Thank you, and a great summary of your book. I accidentally started watching your TV series on Netflix and then started following your Instagram and UKposts, then the newsletter. All of these contents changed my view of personal finance. Currently, I'm in the process of applying these things to my finances and getting good results. What would be your advice and tips for a person who is planning to relocate to another country?

My favorite philosophy on money and finances. Thank you!!! So liberating ❤

Ramit! I am an estate planning attorney. I love your guidance!

Loved your Netflix show and finally find your channel, cannot wait to sit down and keep enhancing my rich life, I even follow you in your podcast very insightful.

Hi Ramit I'd prefer an updated version of your book. Money habits have changed quite a bit after the pandemic 😊

I picked up your book randomly at target over 4 years ago. Since then, my finances have only grown stronger and I’ve grown more confident. My retirement accounts/savings accounts are just growing!!! I’ve bought and sent your book to a few friends that I just know could benefit off this simple knowledge

If you have Bills on different dates, you can also just have them all pay on a credit card and then have that credit card auto pay. So I have multiple credit cards and my bills hit those different cards to keep them active and then I just have them pay off every month.

Thank you for your time and effort ramit. Apprectiated

I've watched this twice and I'm taking notes now ❤

Step 3 is so huge, I'm blown away when I meet adults that don't have everything on autopay... such a easy yet huge win

Amazing! Thank you 🙏🏾

When I read Ramit hates Wellsfargo and BoA I knew this guy knows what’s up! And I love hearing it each time 😂 Thanks for all that you do Ramit appreciate you!

Omg Ramit! Your section on negotiating made me call my bank and ask for a better interest rate on my savings account (the one they give to new clients as a promo) and the employee didn't hesitate to give it to me. He even signed me up for a bonus! That was a rate of 250 euro for a 5 minute phone call! Thank you so much! 🎉❤ Happy holidays to you!

Hey Ramit, 24 y/o student here. Started with your content (book/podcast) because my dad forced me to read your book and I LOVED it and your philosophy. I’ve also seen you take multiple approaches to your UKposts channel for the past year. I really like your current approach of having the podcast episodes and filling in the gaps in the week with key basics from your book in these shorter videos and community posts. I feel like it’s more engaging than anything you’ve tried for the channel so far. Keep it up!

I just bought your book and workbook, and this is a great summary of the core principles in your book. I really appreciate that you help people find meaning and purpose in life while ensuring they plan for their future, and the workbook really helps clarify things. Thank you for these UKposts videos. I would have never found you otherwise, and I've been bingeing your episodes. They are great.

This is an incredible summary of his book. Do exactly what it says and you will live a rich life ❤ Thanks Ramit

So valuable. Thank you

Amazing video, thank you !

Oh no, I’ve been with Wellsfargo for years! Saw your Netflix show last night, started to go through bills today. Then subscribed to this channel! I’m thanking you in advance!

Thank you for your video. That would be 38.1% Fixed Costs 14.3% Longterm Investments 23.8% Savings for House Renovations 23.8% Guilty Free Spending Money Nevertheless I cannot find an amount I'm feeling good with.. It's always like I save too little (I am currently at 16.6% 'guilt free' spending and about 45% savings rate). I guess the main problem for me is, that I have no idea what I really want to use the 'guilt free' money for. There are some things I'd like to buy but there's always that voice in my head 'you don't necessarily need that - better use the money for others or for savings'.

Solid advice, I am subconsciously doing very similar bucketing but it perfectly make sense. The 15% for unaccounted expenses is brilliant idea. That is what can throw off most of the people.

A Straight Master Class!!!!

Awesome video! Thanks so much for sharing, Ramit!

Love the content, being a financial counselor the biggest hurdle I see is income. Your video uses $5,000 take home income but it changes a lot when in Detroit your making $2,800 a month with average rent of $1,200-$1,400 so the first 50% is literally just rent 😢 62% paycheck to paycheck

Really good content, thank you for sharing. I watched your 'How to Get Rich' show on Netflix and it was really insightful. Realistic and practical all at the same time. I will be getting the book as soon as I can afford it :P

Dear Ramit, Thank you for your book and simple strategies. I have followed your advice and it’s worked for me! Now, I am 58 retired and still want to invest 30% of my monthly retirement pension. Is a target date fund still appropriate or would you suggest something different?

Ramit this video has been very helpful thanks! but you didn't mention anything about purchasing any Life Insurance, Would love to hear your thoughts on life insurance and which companies you like and why.

You got me at your Bank of America rant. You're a honest person. ❤ thank you

Thank you so much Sir I need to book a call ❤

Excellent Video. Thank you.❤

Appreciate this video, sharing with my fam for sure.

I've watched a few different videos of you now and I really like your content and your viewpoint. It's really opened my eyes to my spending habits and not being so frugal with spending on myself aswell as self development. I'm literally even considering buying your book

Ally bank is great for saving because it allows you to divide your money into several buckets based on your savings goals.

Remarkable video! The quality is top notch!

Pure gold

Thank you, Ramit! This video was incredibly helpful and to the point. As someone who isn't very financially literate, I found it very informative and easy to follow. I'm excited to start applying it :)

Awesome information! Thanks so much!

Thank you Sir.

great video great advice merry christmas

Thank you so much for this breakdown !! 🎉🎉 can’t wait for a wonderful 2024

What a gift Ramit - thank you!

Love it Rami! Can you make a video for the self employed, the ones who don’t have access to a 401k but still want to invest some of there income?

Do you recommend the s&p 500 or VTSAX for long term investing ? And do you recommend individual stocks or no?

Great Information thanks so much

Great information

Hi Ramit, I've been following you from Ghana in West Africa and I'm curious about potential investment opportunities in the US or Europe. The outlook for investments in Ghana seems less promising, and I'd appreciate any insights you might have in this regard.

I am new to your channel and content, this is great! What billing date would you recommend that I ask the companies for in order to follow the Money Flow that you mentioned?

Most people go into credit card debt b/c they can’t manage the money well. That is a dangerous game for most people to try and play offense with.

Thanks for the video and this is a lot helpful. I am from India and I need suggestions on my money management as i did a lot of mistakes in the past. Problem with me is i repeat the mistakes how can i be conscious of not doing the same mistake again. Please do let me know the best way to connect.

It's smart advice, the problem is that most people's basic needs take well over 60% of net pay, at least in the UK, and currently the options for changing to higher paying jobs seem extremely limited.

My fixed cost leaves me with 0 dollars a month LOL

I have my credit cards on auto pay but I still usually log in manually each time I get paid and pay them off. It helps me to know where I'm at because the credit card billing cycle is pretty long. It works for me and I don't find it very burdensome.

I love this philosophy. We are mostly doing this in our household already.

I prefer to do 1) 401k only up to 100% of match 2) Max out Roth IRA 3) Max out HSA (if you have access) 4) Everything else into a taxable brokerage My reasoning is that I want to keep the possibility open of accessing my investments before 59 1/2 and possibly use my taxable brokerage as a bridge account into retirement.

What a “recipe”, Ramit! Thank you!

Thank you, Ramit! You have changed my financial life and future between your book, videos, and newsletters! I don't know and don't want to know what my finances and my future would look like if i hadn't found your content ✨

Awesome video. Very good info.

I watched your first episode on Netflix. Really good stuff. 😃

Top video thank you 👏

Hi Ramit, thanks for your wonderful video. However, I have been using a different approach: a net add model. Each year, I invest 50% of my earnings, and use the return from this as income. That way, my wealth increases by 50% of my income each year. With à return of 7%, my disposable income increase each year. I still have about 10 years to go for my net investment to reduce to zero, and I will have a positive cash flow on top of my normal income. What are your thoughts about this strategy ? I allocate my portfolio as follows: Treasury bonds: 60% Stocks and ETFs: 30% Crypto: 5% Cash reserve for emergency: 5%

how do you feel about counter party risk going forward into the 2020s, as a general issue with all of the debt and possible contagion

@10.45 & @10.55 I would recommend balance transfer b/t credit cards...same concept but many would have 4% fee plus x months 0% on balance transferred or a 0% fee with x% on the balance transferred.....if they are paying 20%......4% today added for the next 12 months is much cheaper than 20% apr with no end in site

Good info. I like the setup, but are you paying your mortgage on the 7th?

I work in the service industry relying heavily on tips and my take home pay varies lol. One month can be 2k and the other can be 5k. It depends 😅 it’s hard to budget but I manage pretty well.

I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my money goals?

The most succinct and useful summary on wealth building I have ever seen. 👏🏼

Sorry for the stupid question, but wondering where you got the sweatshirt? I have been looking for a 'dressy' sweatshirt and I think your's hits the mark. Related comment. Where I struggle is the guilt free spending!

Sir mai sujit singh jaipur rajasthan, india se hu.sir aapki book maine i will tauch you to be rich book learning ki maine or us book se maine finance or personal growth ke baare mi seekha or money management ke baare mi learn kya tha or Aapse mairi request h aap jo video bana rhe ho aapne you tube channel pr vo plz translation in hindi... Thaxx u sir keep it up .

Awesome! I accidentally did quite a few of these things

Great video and info!

Amazing advice, really appreciate it

Hi Ramit, great content and I really appreciate your way of looking at dividing up your salary. Just wondering if you know of any UK equivalent content creators with a similar approach to yours?? Many thanks 😊

I am a 33 y o lady in Manila, Ph and Im juggling about 3-5 different projects from business owners in the west and some parts of asia. Plus I have a day job to supplement the rising prices of essential commodities. I know theres a vast difference in the west and asia but thank you so much for sharing I'll tweak this to my needs and life. Thank you Mr. Sethi Happy holidays 😘🥰

How do you feel about Sofi for checking/savings?