Net worth snowballs after $1M! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
Living my rich life now- -Financially free by age 34(quit the toxic boss and job) Focusing on health and family spent months with my aging parents nursing them back to health Redeeming my childhood learning new sports that we couldn’t afford growing up -Watching my kids grow and not missing any moments with them -Traveling the world -Creating solutions to problems I see daily -Helping my community for free
I am 36 years old and retired with a net worth of 2.8 million. I saved aggressively from age of 16. I moved to Thailand, bought a beachside condo for 150k. This is my rich life, waking up to the view of the beach and have a coffee outside my balcony.
Besides the financial aspect of your videos it's refreshing to hear a point of view that is not talking about rich as just a financial aspect but also as a mental thing. It's not about getting super rich, it's about finding a balance between saving/investing and spending to be able to live the life that makes you happy to be alive. Thank you 👍
I’m a Brit, left the U.K. During lockdown I inherited a lump sum and set about learning about investing. Three months later the penny had dropped. Sold up and put majority of my net worth into two index funds (aside from a 6-9 month emergency cash fund). Best decision. Now I just rent and let compound interest work its magic! People still think it’s all about owning a property in the U.K… I’m looked down on because I ‘only rent’. I prefer the flexibility and freedom I have to manoeuvre (if desired). I also don’t see the point of owing a property if you have no children to pass this on to.
Financially free to me means I can pay for all of my expenses for the rest of my life without ever having to return to a job. I can withdraw 4% of my nest egg annually and never feel strapped for cash or run out of money during the year.
I remember getting Ramit’s book thinking how cheesy the title was. Welp, that cheesy ass book made me automate my finances and made me open my first ROTH and brokerage.
I appreciate your commitment to guiding others toward financial success. We all strive for security and a better quality of life, and this can be achieved through smart investments, mindful spending, and effective budgeting. I'm thankful I discovered the value of hard work and financial independence early on in my journey.
For retirement planning I (amongst other things) started a journal where I write down thoughts of what I want to do with the rest of my life. Glad I did. Retirement is more than just the money.
I like the hope you’re giving to people. Sometimes when I think of how simple I want my life to be then I hear people talking vision and other things. I sometimes feel as vision is small, I enjoy watching you this morning.
Remit is the only financial YouTuber that makes me happy about spending my money. Yes, follow the steps. I love the guilt free spending.
I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market.
I find Ramit really inspiring and gives folks hope. Thanks Ramit and Team for your YouTube insights.
There was no "Brutal Financial Advice" in this video. In fact it all ranged from the common sense to the enlightening and even inspiring. You can't make excuses and expect your life to change. If you can only afford to save or invest $20 a week then that is what you should be saving or investing. You don't lose by taking the first steps and continuing to move forward.
We need $1.75mil invested and to pay off the house to be financially free. This would maintain exactly the same lifestyle we have now while only withdrawing 4%. Also I think Ramit is confused about how much people want to work… I don’t want to start a business! I already have the flexibility to be with my kids. I want no job at all! Backyard farming, daily workouts, knitting like it’s my job, coffee and social outings, weekly restaurant meals, plenty of time to cook from scratch, and 2ish annual vacations… that’s my rich life!
I appreciate the focus being on what a "Rich Life" is and what the vision is, not just a number snatched out from the universe, saying that this is what you need to focus on.
Honestly thank you for these videos!!! They have helped me so much to learn about personal finances and long term goals in a stress-free way Growing up this wasn’t talked about as much, so it’s nice to have online resources to learn a bit more :)
“That’s why you are sitting alone and your text messages are blank” Ramit really felt like personally attacking me today
Most videos who have this kind of title do not have advice that is this high quality.
@draxxx_exe