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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But how can you insure that the investment company is safe? How do you know they will still be operating in 20 years?
I'm here to learn how to invest after listening to a lady on radio talk about how the importance of investing and how she made $360,000 in 5 months from $10,000. I'm a newbie and I'm open to ideas and suggestions.
No
This is a great heads-up for younger people. The myth of 'investing is for the wealthy' stems from the fact that brokers used to have a minimum investment requirement which was (in my experience) $2K or higher–that was a lot of money back then and most of us couldn't take the risk; plus you couldn't buy fractional shares. Now, you can invest as little as $1–and you should, every paycheck, every bonus, every windfall, and let it build.
Bullshit…the automated savings strategy looks l8ke ur take home 50k per month and then u automate payments still you are left with fund for yourselves…targeted funds are there in every 401k which most folks invest in its not a unique stratergy
are
these funds the same as "Mutual funds'?
Really great stuff
Horrible advice on those specific funds. The expense ratios will bleed your wealth. Do this if you are in your 20’s and want to work an extra five years so wealthy fund managers can buy bigger yachts. Ugh.
How do you invest differently if you're 25 years old when compared to a 65 year old? I thought they suggest the S&P 500, which would be the same risk for everyone.
Investing is a great idea but speaking from the UK very few young adults will have a spare £400 and even fewer will want to sacrifice that amount and live a very plain and boring life. When all their friends are enjoying life.