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

Read your book a couple months after after finishing college in 2020 with credit card debt and no savings. I now have a net worth of ~240k. Appreciate your teachings tremendously and try to pass on the content to any family or friends that will listen

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.

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!

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.

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!!

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

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.

Thank you so much for your teaching ❤

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

This was very helpful thank you

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

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

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

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

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

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

Amazing! Thank you 🙏🏾

Amazing content and delivered in a simple and entertaining way!

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!

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

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!

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

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.

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!

So valuable. Thank you

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

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?

Amazing video, thank you !

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.

Thank you for your time and effort ramit. Apprectiated

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

Excellent Video. Thank you.❤

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

Awesome video! Thanks so much for sharing, Ramit!

Remarkable video! The quality is top notch!

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!

Thank you Sir.

A Straight Master Class!!!!

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.

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

Appreciate this video, sharing with my fam for sure.

Awesome information! Thanks so much!

What a gift Ramit - 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!

Pure gold

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.

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

Great information

great video great advice merry christmas

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

Great Information thanks so much

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

What a “recipe”, Ramit! Thank you!

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

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

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

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

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

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'.

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?

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!

Awesome video. Very good info.

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

Top video thank you 👏

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 :)

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.

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.

Great video and info!

Amazing advice, really appreciate it

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.

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 .

@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

Awesome! I accidentally did quite a few of these things

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?

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

Superb content 😇 Do the show in India please

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.

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.

TOOK! action immediately!!! thank you so much!!!

I think I like the bucket system over the Budget system.

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.

automating was the best thing i ever did. Free's up so much time every month. Easy peasy now. I'm a huge fan. Seen your Netflix special and read your book. Love watching your YT channel. Like your easy approach to shit in life.

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?

Fixed costs are 80% of my net income and increasing year over year. Only debt I have is a small student loan and mortgage. Not sure how any family with a median income is surviving right now especially if they have debt. Only path forward for me to is to try and aggressively increase my income.

I get a bit confused with Savings/Guilt-free buckets, i.e. do you take from Guilt-free to move to Savings bucket for i.e. Vacation? Meaning that your Savings bucket % is actually higher than 10%? Because i.e car maintenance I would consider a Fixed Cost, whereas Birthday/Holiday Gifts I would consider Guilt-free, and the Emergency Fund I'd consider the 10% Savings? Hope that makes sense Ramit and would love your take on this

Great actionable tips!

I have been doing this for years, this method works 100%. This guy knows his shit

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

Great video!

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!

I'm hoping someone can help me wrap my head around this to automate our finances since my brain isn't comprehending it... My wife gets paid weekly & I get paid bi-monthly (15th & 30th). Our rent is paid on the 1st and all other fixed costs are now set for the 15th of every month. We have one bank account through a credit union that has both our checking & savings. How can I set this up to be automated? In this case, do we move our debt, cc, utilities, and everything to a separate date? To be able to have more a of a cushion to disperse our money out?

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.

Thank you for sharing your philosophy! I am trying to budget for my family of four along with parents who live away from us. Could you please share advise which accounts for: 1) kid's daycare 2) providing financial support to parents 3) savings for kid's education 4) personal savings 5) monthly expenses Thank you :)