What does your rich life look like?
In his witty and worthwhile Netflix special, Ramit Sethi (author of I Will Teach You to be Rich) helps several people answer this question through reflection, inquiry, and honest feedback. How to Get Rich is a must-watch 8-episode series for everyone – especially those who want to dive more deeply into personal finance and achieve their goals.
Ramit is a brilliant money coach. His expertise and candor will make you ponder the deepest intersectionalities of culture and identity with money and more . Simultaneously, his humor and banter with the characters will make you laugh out loud. Indeed, Who Says Finance Can’t be Fun?
Ramit emphasizes that the rich life is as idiosyncratic as much as it is attainable. From get-rich-over-night characters to solopreneurs – and everyone in between – Ramit both entertains and educates the audience with financial literacy and psychology. He offers accountability, while giving the real-life cast the space to process and self-assess as he coaches them to grab the reins on their money.
So, what about you? Do you want to live your rich life? Here are three key “how-to” takeaway’s from the series:
1. Create a Conscious Spending Plan
- A delightful upgrade to the 6-letter word we all know: Budget. Ramit emphasizes reflection and the importance to Reclaim Your Time to Think About Money. He encourages you to really envision what you want for your life. Then, outline the steps to get there – albeit a dollar at a time.
2. Invest
- Whatever amount of debt you have accumulated, the path to wealth includes strategic investing. Ramit recommends that investing should be done simultaneously while paying off debt – and that it’s ok to be boring. Set it and forget it with automated systems – then live your life “outside of the spreadsheet,” he says.
3. Network
- No one is an island. It’s been said that “your network is your net worth.” Relationships are inestimable. Ramit underscores how relationships, informal interviews, and connections can sometimes make a world of a difference when pursuing a new position. Many folks can earn more money if they simply open themselves to the opportunities – seen and unseen.
There are loads more lessons in the series, but no spoilers here! Enjoy this awesome edutainment and don’t forget to do the homework Ramit prescribes by answering the question: “What does your rich life look like?”