Latest news with #IWillTeachYoutoBeRich
Time of India
4 hours ago
- Business
- Time of India
Millionaire author Ramit Sethi reveals the hardest conversation he ever had was with his wife, and the surprising lesson it taught him
Ramit Sethi , the self-made millionaire behind the bestselling I Will Teach You to Be Rich and host of Netflix's How to Get Rich , has built an empire around personal finance. He's coached countless couples on navigating money, wealth, and relationships. But when it came to one crucial financial conversation in his own life, Sethi found himself at a loss—and sweating. On a candid and emotionally charged episode of his Money for Couples podcast, Ramit sat down with his wife Cassandra to relive what they both agree was the most difficult money conversation they've ever had: negotiating their prenuptial agreement before their 2018 wedding. 'It still makes me sweat just thinking about it,' Ramit admitted. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas In Dubai | Search Ads Get Rates Undo The Conversation That Almost Broke Them The discussion started with calm intentions. Ramit had done his research, asked for advice, and prepared his words. Cassandra, though unfamiliar with prenups, was open to learning more. But as negotiations unfolded, emotions flared. What began as a legal and logical talk about finances quickly became a deeply personal and confusing experience for both. Ramit approached the prenup like a spreadsheet—straightforward, numbers-driven, rational. Cassandra saw it differently. To her, money represented safety, security, and trust. The couple found themselves speaking different emotional languages. You Might Also Like: Nexus author Yuval Noah Harari warns of AI's deeper emotional threat beyond job loss: 'The danger is enormous...' 'I was very confused, very hurt,' Ramit said. 'I wasn't trying to trick anybody. But I wasn't understanding what Cassandra really needed from me in that moment.' How a Single Question Changed Everything Realizing they were hitting a wall, Cassandra suggested therapy. In one pivotal session, a therapist asked a deceptively simple question: 'How do you each view money?' Ramit's answer was immediate: 'Growth.' Cassandra's was 'Safety.' That one-word contrast cracked open a new level of understanding. Cassandra didn't find comfort in financial figures or investment projections—she needed emotional reassurance. And Ramit, despite his money mastery, realized he had completely overlooked the emotional weight his approach carried. You Might Also Like: 'Why do kids even go to school?': Kourtney Kardashian sparks uproar with bold parenting rant on Khloé's podcast 'In retrospect, she wasn't asking me for a spreadsheet,' Ramit reflected. 'She was feeling something. And I should have been listening better, asking more questions.' 'I Need You to Get Better at Money' For Cassandra, Ramit's words during that period stuck: 'I need you to get better at money.' She took it seriously—not out of obligation, but because she wanted to grow. She studied prenups, strengthened her financial literacy , and eventually found confidence in managing money. But Ramit, too, had to evolve. He learned that understanding finances wasn't enough—understanding his partner was even more essential. Seven years later, the Sethis say that emotionally turbulent conversation gave them one of the most powerful lessons of their marriage. You Might Also Like: 'No critical thinking. Even IIT toppers chasing jobs at JP Morgan': Hotmail founder Sabeer Bhatia lashes out at Kota and JEE preparation A Blueprint for Real Wealth in Relationships Today, the couple sees their early financial friction as foundational. Ramit credits Cassandra with teaching him the importance of emotional check-ins. Cassandra says Ramit's belief in abundance and self-trust reshaped her relationship with money. 'It's changed how I relate to people,' Ramit says. 'Not just in finances, but in life.' Their story—raw, real, and refreshingly honest—underscores a larger truth. Even the wealthiest, most financially literate people struggle when love and money intersect. And yet, with communication, humility, and willingness to learn from each other, even the hardest conversations can become the most transformative. So, if you're sweating over that difficult money talk with your partner—take a breath. Even a millionaire had to start somewhere.
Economic Times
4 hours ago
- Business
- Economic Times
Millionaire author Ramit Sethi reveals the hardest conversation he ever had was with his wife, and the surprising lesson it taught him
Ramit Sethi, author of I Will Teach You to Be Rich, opens up about a deeply personal financial challenge—his prenup talks with wife Cassandra. Despite wealth and expertise, the couple faced emotional roadblocks that only therapy helped untangle. (Screenshot: Instgram/Ramit) Ramit Sethi, the self-made millionaire behind the bestselling I Will Teach You to Be Rich and host of Netflix's How to Get Rich , has built an empire around personal finance. He's coached countless couples on navigating money, wealth, and relationships. But when it came to one crucial financial conversation in his own life, Sethi found himself at a loss—and sweating. On a candid and emotionally charged episode of his Money for Couples podcast, Ramit sat down with his wife Cassandra to relive what they both agree was the most difficult money conversation they've ever had: negotiating their prenuptial agreement before their 2018 wedding. 'It still makes me sweat just thinking about it,' Ramit admitted. The discussion started with calm intentions. Ramit had done his research, asked for advice, and prepared his words. Cassandra, though unfamiliar with prenups, was open to learning more. But as negotiations unfolded, emotions flared. What began as a legal and logical talk about finances quickly became a deeply personal and confusing experience for both. Ramit approached the prenup like a spreadsheet—straightforward, numbers-driven, rational. Cassandra saw it differently. To her, money represented safety, security, and trust. The couple found themselves speaking different emotional languages. 'I was very confused, very hurt,' Ramit said. 'I wasn't trying to trick anybody. But I wasn't understanding what Cassandra really needed from me in that moment.' Realizing they were hitting a wall, Cassandra suggested therapy. In one pivotal session, a therapist asked a deceptively simple question: 'How do you each view money?' Ramit's answer was immediate: 'Growth.' Cassandra's was 'Safety.' That one-word contrast cracked open a new level of understanding. Cassandra didn't find comfort in financial figures or investment projections—she needed emotional reassurance. And Ramit, despite his money mastery, realized he had completely overlooked the emotional weight his approach carried. 'In retrospect, she wasn't asking me for a spreadsheet,' Ramit reflected. 'She was feeling something. And I should have been listening better, asking more questions.' For Cassandra, Ramit's words during that period stuck: 'I need you to get better at money.' She took it seriously—not out of obligation, but because she wanted to grow. She studied prenups, strengthened her financial literacy, and eventually found confidence in managing money. But Ramit, too, had to evolve. He learned that understanding finances wasn't enough—understanding his partner was even more essential. Seven years later, the Sethis say that emotionally turbulent conversation gave them one of the most powerful lessons of their marriage. Today, the couple sees their early financial friction as foundational. Ramit credits Cassandra with teaching him the importance of emotional check-ins. Cassandra says Ramit's belief in abundance and self-trust reshaped her relationship with money. 'It's changed how I relate to people,' Ramit says. 'Not just in finances, but in life.' Their story—raw, real, and refreshingly honest—underscores a larger truth. Even the wealthiest, most financially literate people struggle when love and money intersect. And yet, with communication, humility, and willingness to learn from each other, even the hardest conversations can become the most transformative. So, if you're sweating over that difficult money talk with your partner—take a breath. Even a millionaire had to start somewhere.
Yahoo
4 days ago
- Business
- Yahoo
How To Save Hundreds per Month With 3 Steps, According To Ramit Sethi
When paring down a budget, some might think that means eliminating anything fun — especially when there's debt to pay off. Entrepreneur and author of 'I Will Teach You to Be Rich' Ramit Sethi insists that's not true, even if a consumer has unpaid debt. In a recent video Sethi posted on his Instagram, he said, 'I believe in living a rich life today and living a rich life tomorrow, even if you have debt.' His video went on to detail three ways that consumers can find some wiggle room in their budgets. These are things that Sethi said most people 'won't even miss.' Read on to find out how to find these hidden savings. Read Next: Check Out: Sethi's first suggestion was for people to look at their subscriptions and see if there are any they wouldn't mind canceling — or didn't even remember they were subscribed to. According to a recent statistic from Self, around 85% of people have at least one paid subscription that they don't use every month. This comes out to about $32 a month, or almost $400 a year. This could be a tremendous savings that consumers can net without changing their routine at all. Check bank and credit card statements for recurring charges during an entire month to see every subscription, then determine if there are any that can get the boot. See More: Sethi recommended that individuals call their insurance companies (car, renters', pet, etc.) and say 'I'm shopping around for a better rate. What can you do for me?' If the insurance company is unable to offer a better deal, switch carriers. Most consumers who switched carriers in the past five years had a median savings of $461, according to Consumer Reports. It's a good idea to look into competitors' rates about every six months or so to make sure you have the lowest price. Impulse spending can be anything from a DoorDash order or a cute shirt in the mall. Americans spend about $150 in impulse purchases every month, per a post from Ramsey Solutions. Keeping those to a minimum can save consumers more than $1,000 a year. These types of purchases are typically fueled by emotions. Maybe shoppers will splurge on a cookie during a bad day, or buy a magazine in a checkout line because the cashier is taking a long time. It's important to determine the reason behind these purchases and see if there are other ways to solve that problem. Finding free or cheaper ways to fill time or cheer someone up is key to spending less on impulse. More From GOBankingRates 6 Big Shakeups Coming to Social Security in 2025 6 Popular SUVs That Aren't Worth the Cost -- and 6 Affordable Alternatives This article originally appeared on How To Save Hundreds per Month With 3 Steps, According To Ramit Sethi Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-05-2025
- Business
- Yahoo
Ramit Sethi: 4 Ways Your Bank Is Hurting Your Wallet
You might want to think twice the next time you leave money in your bank account. Learn More: Check Out: Ramit Sethi, entrepreneur and bestselling author of 'I Will Teach You to Be Rich,' explains four ways that your bank is ripping you off and what you can do to protect yourself. Banks may introduce you to a high 4% interest savings to lure you in, Sethi said, but you need to read the fine print. That rate is often capped and drops to their normal rate after a few months, while your bank is still lending out that money at high interest rates. Consider This: Sethi reminds customers that banks make billions of dollars but still charge you a monthly maintenance fee for the privilege of keeping your money with them. You can face thousands of dollars of hidden bank fees in a year without even noticing. Read Next: Sethi calls large overdraft fees 'one of the biggest scams in banking.' Banks silently approve your overdraft and then silently charge you say, a $35 overdraft fee and so forth. One overdraft fee can wipe out your entire interest for the entire year. In 2023, banks made almost $6 billion from overdraft fees, said Sethi, preying on people with low-incomes, living paycheck by paycheck, not checking their account balances or assuming banks protect them. Banks don't treat everyone equally poorly, said Sethi. Black and Latino borrowers are charged higher mortgage rates even with the same credit profile as white or Asian borrowers. Furthermore, minority-owned businesses are more likely to be denied loans. Sethi says when you control for credit score, income and financial history, that bias does not go away. If you get hit with a fee, call your bank and ask for a waive. Banks know that the vast majority of people don't call and raise the concern, Sethi says, and as complimentary courtesy they will deal with you. Think of big banks as a bus station: 'Your job is to get your money in there and then get it the hell out,' said Sethi. 'The less you leave sitting there, the better.' Instead, keep your emergency savings in a high-yield online bank. For your investments, invest in a target date fund or index funds (low cost, long-term investments). Sethi says switching to a better bank is the single biggest move that you can make. Don't be 'nostalgic' over your old history with your bank, he said. More From GOBankingRates How Far $750K Plus Social Security Goes in Retirement in Every US Region Sources YouTube, 'The Bank Fees Costing You Thousands (And How to Escape).' This article originally appeared on Ramit Sethi: 4 Ways Your Bank Is Hurting Your Wallet Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-05-2025
- Business
- Yahoo
Ramit Sethi Offers a Harsh Truth About Saving Money — And What To Do Instead
Ramit Sethi is a well known money guru who isn't afraid to speak his mind. He is the bestselling author of the book 'I Will Teach You to Be Rich,' as well as the host of the Netflix series 'How to Get Rich.' Read Next: Find Out: In a recent newsletter, Sethi shared the biggest mistake people make when it comes to their money: letting money sit in a checking account. Instead, Sethi explained, it's important for people to invest their money. He's not wrong: According to data from Charles Schwab's 2024 Modern Wealth Survey, 58% of Americans have investments. While that's a majority of the population, there is still a large percentage who don't. There are many reasons why people decide not to invest. Primarily, in order to invest, people need to have extra money to allocate to investing — and not everyone has access to a job that automatically invests their money into a retirement account to make investing easier. A quarter of people currently live paycheck-to-paycheck, according to 2024 research from the Bank of America Institute. With the prices of everyday goods increasing, it can be hard for people to prioritize investing when they're trying to afford groceries. Another reason is that some people distrust the stock market and prefer to keep their cash on hand rather than risk losing it. However, Sethi explained to his followers that investing is how people become financially free. Because of inflation, the value of cash sitting in a checking account will erode over time, whereas with investing, money has the potential to grow and outpace inflation. For You: Sethi recommended that people invest in target date funds or index funds, not hot stock picks. He explained that investing involves a long-term strategy, and that target date funds take much of the guesswork out. With these funds, people can choose the year they plan to retire, and the fund will automatically adjust to become more conservative as that year approaches. Sethi also praised index funds, which are funds that mimic a particular index, like the S&P 500. With an index fund, investors purchase a portfolio of stocks or bonds. That way, it's naturally diversified. If one company doesn't perform well, the fund still has several others to balance out the performance. Index funds also have lower expenses and fees, which can help investors to keep more of their money. Ultimately, Sethi's goal is to encourage his followers to invest, even if they place money in a high-yield savings account to start. He stressed that real wealth can't be built by putting money in a checking account and encouraged his readers to learn more about building wealth through investing. More From GOBankingRates 5 Types of Vehicles Retirees Should Stay Away From Buying How Far $750K Plus Social Security Goes in Retirement in Every US Region 4 Things You Should Do if You Want To Retire Early 12 SUVs With the Most Reliable Engines Sources Charles Schwab, '2024 Schwab Modern Wealth Survey Shows Increasing Financial Confidence From Generation to Generation and Younger Americans Investing at an Earlier Age.' Bank of America Institute, 'Paycheck to paycheck: what, who, where, why?' This article originally appeared on Ramit Sethi Offers a Harsh Truth About Saving Money — And What To Do Instead
