5 Rules Every Rich Person Uses to Make Money

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I have 10,000 in cash. Any advise what I should do with it to invest. I'm new to this and I want to start

How do I automate bills that are not fixed amounts? Major oversight there IMO

Beautiful ideas ❤

I am wanting to increase the amount I'm putting towards investments. Currently, as a state employee, I am contributing a mandatory 7.5% pre-tax to my 403b and my employer matches it 100%. As a state employee, I have two other accounts that I am eligible to contribute to: a second, voluntary 403b and a state-sponsored DCP 457b, both of which can be pre-tax or Roth. Is it better to put as much as I can to the second 403b or divide it between the two? Should one be pre-tax and the other Roth? TIA for any advice!

I'm a Software Developer by trade and I still enjoy manually logging in every paycheck and investing, paying off my cards, and putting money in savings.
Why? Because I just enjoy the process, and secondly, as someone who writes software I can guarantee you there is no 100% foolproof system, even the most robust ones are 99.9% available, which means across millions of users, several of them will run into issues per year.

Help, Ramit is so judgey 😂 but call me out, it's working. I still don't like spicey food though. 😘

🔥”Subscribed”

Thanks Ramit.

F all that 😁

Give it to my kids 😂😂😂

As someone who loves spicy food, I appreciated the broccoli bake joke

Good ideas

Don't imitate what the rich do when they are rich. Imitate what they did to get rich.

Thank you Ramit. Today starts my journey, I have 0 investments, 0 retirement, I'm $108 K in the red and am barely hanging on with my wife and I working. I need my money to make money so that I can get out of debt and fight for the future. I have maybe 25 working years left.
My Rich Dream is to have a quiet, paid off small home on a 5 acre piece of land near water, far enough away from people but close enough for emergencies, where I can hike, fish, enjoy nature, have an older truck and raise my Amazon Rainforest dart frogs in peace and quiet, with the knowledge that I can CHOOSE to work a job, that I can go into work every single day knowing that if I decided that very moment that I wanted to get up and walk out that I could do so without it destroying my life. THAT is Rich to me.

i follow a lot of ramits stuff but i definitely have to work on how i pay bills lol. i do like to pay them early but thats probably still a control issue.

Where can I find the video on the annual review?

2M here , 57 age listen to this guy

One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.

Your thoughts on Dave Ramsey announcing he is voting for Trump. He has always kept politics out of his show, why now?

But do I invest into the S&P500 or into Nasdaq?

Thank you Ramit.

Debt-free for a decade and counting.

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

I log on to my accounts everyday. Any inconsistency reported earlier will always have the best outcome when you need something resolved. Also being aware of the numbers tells me where I stand in my budget. What if the paycheque you receive was incorrect? What if you got charged USD amounts rather than CAD? Leaving it automated will likely not flag you of these inconsistencies.

Your last name literally means “Rich Person” in my language lol.

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 think knowing our money scripts is really challenging because they're so much a part of us that we can't really see them. I would love a tool that asks me questions to help me understand my money beliefs. Is that a tool you guys have?

omg I am literally watching this while at work and I'm being so unproductive because I can't stop watching your videos. They are helping me so much lol

Good stuff! Caught DRUG, BTCT, and QUBT early using Loyaltypicks. Small caps can really explode!

Thanks 👍 from Uganda

Calm Down Relax... c'mon man !

You’re wrong about automatic bill pay. I don’t automatically pay anything I don’t have to. When Xfinity cut my cable while installing my neighbors, they tried to charge me $200 for repairing it. If I’d had automatic bill pay, they would have taken it, and I never would have gotten it back. It took months of me calling and arguing for them to take it off my bill. NEVER give anyone power to deduct from your account.

Stop buying crap. And it's ALL crap. ( especially if you bought it to impress people who won't be paying for it.)

The system for automated payments is easier if you’re paid on the 1st and the 15th each month or 1 time monthly, instead of every two weeks.

One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $30k of my savings in stocks this year, and I hope I make profits.

I started packing lunch just so I could stop ordering $20 door dash meals at work 5 days a week. My credit card balance has never been so small.

I subscribed to deleteme because of you and omg, I'm so happy, I'm seeing this like an investment

please whats the difference between savings and investments

lol I manually pay all bills.. but that is because I get paid weekly and I pay the bills weekly.. I also then add to savings and investments weekly..

If I pay $365 a month on X bill.. I pay $100 a week or 4-500 monthly depending on how the couple 5 check months work out..

Weekly is just such a simple routine to me. Check hits account and during that first morning coffee it takes me but 5min to log all the apps make all the payments investments move money between accounts and then I’m done.. it’s way easier then some paycheck hitting at an odd time between bills during a week where maybe you splurged a little extra now the money isn’t there you then slide into the grace period waiting for the next check now you’re a week behind..

We are 1-2 weeks ahead like clockwork.. it’s zero stress and there is 0 way to over spend and miss a bill the bills already paid.. it’s also in most cases reduces the interest as the partial payments depending on the debit can rest the compounding interest every payment.. I like it and it’s worked for me for 20 years and it imo the easiest routine to get into for increasing savings and investments..

It’s my DCA approach to investing turned into an actual bill pay system 🤷‍♂️

When it comes to "don't get bogged down over the $3 decisions", I agree.....mostly.

It's not the one time someone buys a $5 coffee that makes them poor. It's the 500 $5 decisions within a month that make them poor. I used to religiously watch Dave Ramsey. And while I don't 100% agree with him, I did develop the "red flag" sense he has when it comes to spending on things. When I see a Starbucks $8 coffee, a little voice in my head says "are you sure you want to spend that much?". I believe that little voice is instrumental in the amount of money I've saved and invested. You may make a good decisions here or there, but a solid behavior behind you will lead to consistent good decisions.

👏🏻👏🏻👏🏻

As someone who was raised by a hard ass dad, this tough love talk is comforting. Ha!!

Being hands on with your money is actually significantly better than not..

🚘👈💏💏

Love the Ears !!!

can i just say you are officially my new favorite person on the internet 😂😂 ... thank you so much for all the energy and passion (and fury 😂😂😂) that you bring to your videos ...oh and value haha .. you're awesome! 🤎🤎

If in debt, make a plan to pay off high interest debt first aggressively and that may require pausing everything else until you do

If there’s a certain amount of money you may have spent mindlessly on coffee or eating out to like $100 a month, in 10 years invested in stock market at avg 7% you’ll profit $5308.48! Small decisions matter if invested and to Ramits point do what matters most to you