As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.

Did the math and I’m so ashamed. My fixed cost is 37.5% I dont have an excuse to live paycheck to paycheck. 😂😂 Thanks for your content. Im going to get it together.

I’m a financial planner working for a large wealth management firm and I still recommend everyone in my personal life to your book and content. Love your money philosophy!

The year was 2016, I was desperately trying to break into corporate America, stumbled upon Ramit video writing a better resume and persuasion. Best video ever. Helped in landing my first role, fast forward 6yrs later and I am making 400K/yr

Read your book a couple months after after finishing college in 2020 with credit card debt and no savings. I now have a net worth of ~240k. Appreciate your teachings tremendously and try to pass on the content to any family or friends that will listen

Read your book back when I started working and have been rolling ever since. Biggest key I took from you is to make a 50-30-20 budget and then just automate the 20%. I have since ramped my savings from 20% to 40% a month

Richness is what you see while wealth is what you don't see. Building wealth is what gives you the opportunities to do what you want and when you want to do it, because it allows you to control your time, which is the most valuable asset you can possess. Ramit's book is a tool, but understanding "The Psychology of Money" (as articulated in Morgan Housel's book) is the key to wealth.

Love the content, being a financial counselor the biggest hurdle I see is income. Your video uses $5,000 take home income but it changes a lot when in Detroit your making $2,800 a month with average rent of $1,200-$1,400 so the first 50% is literally just rent 😢 62% paycheck to paycheck

Finally a man who really knows his number… and be truthful advice, no bs. Subscribed.

Step 3 is so huge, I'm blown away when I meet adults that don't have everything on autopay... such a easy yet huge win

I read your book and I loved it! So simple to follow and teaches us how to grow. Thank you for all your hard work! I’m no longer afraid to manage my own investments and transferred my retirement to fidelity instead of high cost fund managers. Thank you for all you are doing! You help us everyday people figure out the formula ❤ I’ll be binge watching your other videos from here on out. I’m already helping 2 family members because of you

I picked up your book randomly at target over 4 years ago. Since then, my finances have only grown stronger and I’ve grown more confident. My retirement accounts/savings accounts are just growing!!! I’ve bought and sent your book to a few friends that I just know could benefit off this simple knowledge

Nowadays rent is taking 50% …

This bucket approach makes more sense than a budget. Thank you for the good information.

Ah, Ramit, I got your book through the library and have been on the waiting list again to get it back (slash I’m hoping someone gifts it to me for the holidays!) so this video is such an amazing summary and so helpful to keep progressing on my financial journey. Thank you so much for this!!

If you have Bills on different dates, you can also just have them all pay on a credit card and then have that credit card auto pay. So I have multiple credit cards and my bills hit those different cards to keep them active and then I just have them pay off every month.

Thank you so much for your teaching ❤

Thank you for your time and effort ramit. Apprectiated

Enjoyed your video - great advice! Thankfully I have been doing most of this for past 20 years with exception of automatic payments. Could do more detailed budgeting to cut expenses especially since I am almost ready to retire. Enjoyed your Netflix series - please continue to good work!

This is an incredibly valuable video.

When I read Ramit hates Wellsfargo and BoA I knew this guy knows what’s up! And I love hearing it each time 😂 Thanks for all that you do Ramit appreciate you!

So valuable. Thank you

This was very helpful thank you

Loved your show, love your podcast and your book and I especially love your no bullshit approach to living a wealthy life!

Love it! Subbed. Also watched your series, very well put together and entertaining.

Hey Ramit, 24 y/o student here. Started with your content (book/podcast) because my dad forced me to read your book and I LOVED it and your philosophy. I’ve also seen you take multiple approaches to your KZfaq channel for the past year. I really like your current approach of having the podcast episodes and filling in the gaps in the week with key basics from your book in these shorter videos and community posts. I feel like it’s more engaging than anything you’ve tried for the channel so far. Keep it up!

Amazing! Thank you 🙏🏾

Excellent Video. Thank you.❤

This video inspired me to set up automatic transfers to my brokerage and savings accounts instead of doing it manually every couple of months. Thank you!

Ramit! I am an estate planning attorney. I love your guidance!

Amazing video, thank you !

Awesome video! Thanks so much for sharing, Ramit!

Thank you Sir.

Loved your Netflix show and finally find your channel, cannot wait to sit down and keep enhancing my rich life, I even follow you in your podcast very insightful.

Appreciate this video, sharing with my fam for sure.

Best video I have seen about personal finance in sometime. Subscribed

Excellent and so easy to follow. Loved working through this when I bought the book 10 yrs ago.

Sound advice! I work in the financial sector and this is what I tell people too. Now I’ll just send them your video!

Awesome information! Thanks so much!

A Straight Master Class!!!!

It's smart advice, the problem is that most people's basic needs take well over 60% of net pay, at least in the UK, and currently the options for changing to higher paying jobs seem extremely limited.

Love this! I can start at step one and gain control. Thanks so much.

Thank you

What a gift Ramit - thank you!

I've watched this twice and I'm taking notes now ❤

This content was exactly what I was looking for. Thank you!

Amazing content and delivered in a simple and entertaining way!

Oh no, I’ve been with Wellsfargo for years! Saw your Netflix show last night, started to go through bills today. Then subscribed to this channel! I’m thanking you in advance!

Thank you SO much for this video. This plan is how my brain works. I have never been able to budget every penny and all the tracking. This is beyond helpful. This is going to help be to learn to be rich!

Ramit, Thank you for creating this video. It is exactly what I was looking for to navigate through the complexities of financial decision making. I have one question on the Conscious Spending template under Investments. Does this include retirement accounts? It says non-retirement - all investments on the template. Just need to clarify. Thank you!

I've watched a few different videos of you now and I really like your content and your viewpoint. It's really opened my eyes to my spending habits and not being so frugal with spending on myself aswell as self development. I'm literally even considering buying your book

Remarkable video! The quality is top notch!

A solid and informative video in deed as the previous comments mentioned. Thank you Ramit.

You got me at your Bank of America rant. You're a honest person. ❤ thank you

What a “recipe”, Ramit! Thank you!

Most people go into credit card debt b/c they can’t manage the money well. That is a dangerous game for most people to try and play offense with.

great video great advice merry christmas

Pure gold

My favorite philosophy on money and finances. Thank you!!! So liberating ❤

Omg Ramit! Your section on negotiating made me call my bank and ask for a better interest rate on my savings account (the one they give to new clients as a promo) and the employee didn't hesitate to give it to me. He even signed me up for a bonus! That was a rate of 250 euro for a 5 minute phone call! Thank you so much! 🎉❤ Happy holidays to you!

Thank you so much Sir I need to book a call ❤

Thank you for sharing your knowledge, Ramit! How can I apply this method in Argentina? Thank you again! Take care 😊

Ally bank is great for saving because it allows you to divide your money into several buckets based on your savings goals.

Thank you so much for this breakdown !! 🎉🎉 can’t wait for a wonderful 2024

Amazing advice, really appreciate it

This is one of the best videos I’ve watched! Everything you need to know about the basics in managing your money and future Wealth combined in a 25min vid!

Great video. I have been doing conscious spending plan without realising it.

Great information

I prefer to do 1) 401k only up to 100% of match 2) Max out Roth IRA 3) Max out HSA (if you have access) 4) Everything else into a taxable brokerage My reasoning is that I want to keep the possibility open of accessing my investments before 59 1/2 and possibly use my taxable brokerage as a bridge account into retirement.

Great video and info!

Great Information thanks so much

I have been doing this for years, this method works 100%. This guy knows his shit

Really good content, thank you for sharing. I watched your 'How to Get Rich' show on Netflix and it was really insightful. Realistic and practical all at the same time. I will be getting the book as soon as I can afford it :P

Can't believe I just got all this information for free. Listened to your episode on Financial Feminist podcast and I absolutely love your philosophy, but also that you give really tangible advice. I'm in Canada but still found this incredibly helpful. Thank you!

Thank you for your video. That would be 38.1% Fixed Costs 14.3% Longterm Investments 23.8% Savings for House Renovations 23.8% Guilty Free Spending Money Nevertheless I cannot find an amount I'm feeling good with.. It's always like I save too little (I am currently at 16.6% 'guilt free' spending and about 45% savings rate). I guess the main problem for me is, that I have no idea what I really want to use the 'guilt free' money for. There are some things I'd like to buy but there's always that voice in my head 'you don't necessarily need that - better use the money for others or for savings'.

Hi Ramit I'd prefer an updated version of your book. Money habits have changed quite a bit after the pandemic 😊

Thank you, and a great summary of your book. I accidentally started watching your TV series on Netflix and then started following your Instagram and KZfaq, then the newsletter. All of these contents changed my view of personal finance. Currently, I'm in the process of applying these things to my finances and getting good results. What would be your advice and tips for a person who is planning to relocate to another country?

Great stuff!!!

Great info

Top video thank you 👏

Solid advice, I am subconsciously doing very similar bucketing but it perfectly make sense. The 15% for unaccounted expenses is brilliant idea. That is what can throw off most of the people.

I love this philosophy. We are mostly doing this in our household already.

thanks

Thanks for the great value

I watched your first episode on Netflix. Really good stuff. 😃

I think I like the bucket system over the Budget system.

I just bought your book and workbook, and this is a great summary of the core principles in your book. I really appreciate that you help people find meaning and purpose in life while ensuring they plan for their future, and the workbook really helps clarify things. Thank you for these KZfaq videos. I would have never found you otherwise, and I've been bingeing your episodes. They are great.

My fixed cost leaves me with 0 dollars a month LOL

Great video!

Awesome video. Very good info.

Love it Rami! Can you make a video for the self employed, the ones who don’t have access to a 401k but still want to invest some of there income?

I love how passionate you are about money. Your perspective is realistic and practical. Thanks to your tips I’ve been able to pay off 11k in 2 months and I’m still enjoying life without feeling deprived. So thank you!!

I have my credit cards on auto pay but I still usually log in manually each time I get paid and pay them off. It helps me to know where I'm at because the credit card billing cycle is pretty long. It works for me and I don't find it very burdensome.

the same thing it teach in automatic millionaire book appreciate it

Awesome! I accidentally did quite a few of these things

Ramit this video has been very helpful thanks! but you didn't mention anything about purchasing any Life Insurance, Would love to hear your thoughts on life insurance and which companies you like and why.

You are a genius! Thank you for making these kind of videos🎉

Great actionable tips!

Fixed costs are 80% of my net income and increasing year over year. Only debt I have is a small student loan and mortgage. Not sure how any family with a median income is surviving right now especially if they have debt. Only path forward for me to is to try and aggressively increase my income.

What a great video. I learned so much. thank you