BiggerPockets Money24 Jul 2023

433: Ramit Sethi Revisited: Spend Like Your Life Depends on It

The last time Ramit Sethi was on the show, tears were shed, money fears were exposed, and Mindy was forced to take a hard look at her financial habits. Now, Ramit is back, as we revisit some of the critical moments of Mindy and her husband Carl’s interview on Ramit’s show, I Will Teach You To Be Rich. In this episode, Mindy challenges the FIRE frugality she’s been stuck on for so long and discovers why more money isn’t always a good thing.

If you’ve ever had a money struggle, whether too much or too little in the bank, Ramit is who you should listen to. His advice goes far beyond the regular “save more than you spend, invest the rest” type of advice you constantly hear from frugal podcasters. Instead, Ramit wants you to maximize your happiness and make the most out of life while not struggling to survive. In short, Ramit wants you to live a rich life, not a frugal one.

If you struggle to spend, pinch pennies, or are dead set on reaching FIRE as fast as possible, this episode is for you.Carl, Mindy, and Scott will go over the common misconceptions about money, debunk the “wasteful” spending myth, explain why you should die with zero, and critique the flaws of the FIRE community.

In This Episode We Cover

Why the FIRE movement is wrong and getting rich should NOT be the goal

What to do when you have lots of money but no time to spend it

How to “Die With Zero” and enjoy your wealth while you’re still here

The “what if I run out” fear and how to get over the dread of overspending

Testing your spending and why you NEED to book that trip you’ve been thinking of

Building a rich life and how to make the most of it with the money you have

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

BiggerPockets Forums

Finance Review Guest Onboarding

Join BiggerPockets for FREE

Mindy on BiggerPockets

Scott's Instagram

Grab Scott’s Book, “Set for Life”

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Apply to Be a Guest on The Money Show

Podcast Talent Search!

Listen to The Real Estate InvestHER Show

Join The Real Estate InvestHER Community on Facebook

Money Moment

Mile High FI Podcast

1,500 Days to Freedom

Carl's Email

Ramit Sethi’s Money Advice for Couples: Live a Rich Life, Together

Mr. Money Mustache on Life After FI: The Truth About Retiring Early in Your 30s

Hear Mindy and Carl on “I Will Teach You To Be Rich”

My Death March to Financial Independence

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-433

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