Ramit Sethi, bestselling author and host of Netflix’s How To Get Rich, explains how anyone can start building real wealth with just $100. In this clip, he breaks down the simple investment strategy that anyone can use to create financial freedom and stop worrying about money.
He shares the psychology of money, the mistakes most people make when they start saving, and the habits that will make you rich over time.
Discover:
• How to invest your first $100 the right way
• The simple fund that can make you rich automatically
• Why most people never build wealth
• The mindset shift that makes money grow effortlessly
• The truth about financial freedom and investing long term
📺 Watch the full episode here – https://youtu.be/ORqd9QAC8OY
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Watch the full episode here – https://youtu.be/ORqd9QAC8OY
To everybody complaining about the £30,000 per year, you do realise he is talking to Stephen Bartlett and they was doing a scenario based on his investing.
Steven Bartlett can easily afford to invest £30,000 per year.
For the everyday average investor, he recommended 5%,so if you earn £50,000 per year you would invest 2 1/2 thousand pound per year.
The best and more realistic and achievable figure is actually 15% so if you earned £50,000 you would invest £7500 per year and yes you would become a millionaire
I invest £20,000 per year (max my ISA) and my portfolio is growing rapidly, more than I can put in.
So it is possible
30k!! GTF!!!
How do we all feel about Robinhood ?
I’ll keep investing my own way and become a millionaire 😂
What stops a fund from trading with your money and not disclosing profits? In other words telling you that you earned 1% when you actually warned 2
That's so unrealistic for the majority of the population. Not a lot of people make 30k a year. I'm in Europe and I make close to that per year. But we have needs also, like EATING, sleep somewhere, kids want stuff. Wth is he talking about?! 30k !!! And if I was back in my country, I would have made maximum 10k per year. It's easy for them to throw numbers around, but that's not realistic
Vanguard and Schwab?
False. He’s either thick and shouldn’t be dishing out investment advice or he’s knowingly misleading people just to say a big number at the end. You can’t use an average. No 16yo is saving anywhere near 30k a month. With much smaller amounts going in early on, the compounding effect will be reduce drastically even if the average ends up at 30k a year. If it’s heavily back loaded you’d end up with less than half the amount. Compounding is indeed a miracle. No need to falsely exaggerate it.
I know people that go out to eat 3-4 times a week and do the Starbucks thing constantly. Plus they have a big car payment. This is step one to stop doing that kind of stuff.