*I'm 50 years old and living in Germany Berlin🇩🇪 I'm willing to retire at 55 if things keep going the way I planned bought my first house last week I'm glad I made a productive decision that has changed my life forever can't be more proud that I'm right now*

Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️

I've been watching Ramit for only 2 years now. I have saved a 6-month emergency fund and lost my job last month. This has saved me and ensures I don't make decisions out of fear. It has given me the space to plan my next steps with intention, and I don't have to take a lower-paying job in desperation. Thanks, Ramit!

Saved 10k last year and flipped into six figures withing a few months and still going. I’ve always been an advocate of investing in the stock market because it has been rather rewarding.

Glad you said it can take a year or 2 to fully fund the EF. Timelines are important. I was thinking it takes a few months

I went today and put $1k (emergency fund) into high yield savings account paying 4.25%. I’m gonna self fund it by transferring money into it to build up my 3 to 6 months of expenses! Thank you Ramit!

Bought AMS120X at 1$, I will keep it until 2025 when it reach 250$

You’re so brilliant! And I so enjoy your sense of humor. I’ve implemented some of your techniques and it’s reduced SO much stress. I went from “I can’t see ever retiring” to “I have a workable plan and can see retiring at 67”. Thank you and keep up this great work - you’re likely adding years to people’s lives 🙏🏽

Starting this now as 22yo RN! Goal is to stay at home until I finish my automated student loan overpayments, lots of thanks to no rent, if I stay consistent with this autopay idea… I should be loan free and have $10k in a HYSA before I turn 25 🙏🏾

The most down to earth realistic advice out there! Awesome stuff as always.

The first $100K of saving/investing is pure self-discipline. Fight off all the temptations of the WANTs & learn to live with the NEEDs, and also learn to thrive in it. After $100K is invested wisely, it'll balloon. The next $100K comes quicker, and before you know it you're at $500K (assuming consistent investment habits, simple/frugal but a happy lifestyle, and harnessing the power of Compound Interest). ----- I'm in this bucket currently - flirting with $500K net worth but a shade short currently. I can't wait to be a millionaire before I grow too old & can't use most of it!

I joined Ramitme. Ended up automating everything and living a more purposeful life.

The emotional effect of having an emergency fund is invaluable.

Ramit! Hands down the best finance advice clip ever...I wish I'd seen this 20yrs ago though (I'm 47 now)...but thankfully have an emergency fund secured and are automating my monthly investments since this pandemic. Thank you for sharing your wisdom...

Setting up sub savings accounts and automating deposits to those accounts eliminated so much stress around money! I did this many years ago, and I’ll admit, the first year was tough. I was still having to pay all the bills, but also deposit the amount needed monthly into the savings account. But the next year, when I had everything fully funded, was so beautiful. I do this for things like my HOA (billed annually), car insurance, gift fund, emergency fund, household repair fund, vacation fund, etc. Because it is automated, and because a set amount is set aside monthly, we no longer have to think about these things as they come up. I adjust the amounts set aside as I see the need, but the adjustments are usually small and manageable. The best part is that having a substantial emergency fund eliminates living paycheck to paycheck. There is real peace in knowing you have enough set aside to weather 6 months (or more) of no income. It may take a while to get there, but it is so worth it.

Great video. Thank you

Great stuff, never stop doing this !

I've been obsessively watching financial videos every single day for the last month and this is one of the best I've seen so far. Thank you for this.

I find it funny how everyone is stressed about inflation, the only ones that are not stress about inflation are the ones who have planned and are good with their money. The ones who who think before swiping the card, the ones who are able to say no. I’ve been on this journey for almost 10 years, and I have not felt inflation at all.

Thank you very informative

Good video ❤ Thanks

Thank you for taking the time to create such great content.

Love this! 🎉

What do you think sets AMS120X apart from other projects? It seems to be dominating discussions lately

Great advice!

My men, the only video before I watched, like, share this channel. I love you, Ramit

these example numbers are so real for me!

I love your content!!!!!!!!!!

Thank you

Thank you Ramiro! What are your thoughts on the economy currently. There’s a lot of doom and gloom being predicted. Would love to hear your take on this! ❤

This has been very very insightful

This is truly the way to create financial stability and wealth. I can’t stress enough the importance of an emergency fund. Thanks for sharing this important info, Ramit!

What about those older late to the game. Can things change at all ??? Doreen age 67.

Excelente video Ramit!❤

This is such a great video so mich info thank you

Excellent video

Thanks Ramit. I will never forget your chicken wing lesson😆 your content is amazing

Might be a given but maybe add to that the emergency fund at a different bank should be a HYSA. I mean it doesn't have to be, but its better.

Hey Ramit. I know about you with your Netflix serie and I really enjoyed and learned a lot. I’m from Venezuela and we do not have automatic system, any suggestion? Thank you for all the info you always share!

I followed the link and signed up to get the conscious spending plan. I got a welcome email to IWT and a Rich Life mini course email - but I can’t find the spending plan anywhere in either of them. Does anyone know how I access the CSP, or did something just go wrong?

Conscious spending plans are great, really, but they only work if you discipline yourself. I'm not sitting on this guy's ideas, just pointing out that it's 20% planning and 80% discipline--especially if you are an impulse spender, like he mentioned at the start of the video. Those are tough habits to break, speaking from personal experience.

Ideal approach as said here, 6 month emergency fund in case of job loss or unexpected costs. Then invest as much as you can in a pension fund (if you have one as part of your job all the better), invest as much you can. There is an awful lot of bad advice on KZfaq but this is perfect advice here. I am working in financial services and this is advice we give to clients

Absolutely! Building a strong financial foundation with an emergency fund is crucial for long-term financial security. Implementing automatic savings and a conscious spending plan can help achieve financial goals and lead to a more fulfilling life. 💰📈

Great breakdown. My situation is that I am debt free and a saving 60% and still always feel broke. If I save less I feel i won’t have enough when I retire.

Thanks brother for great information. I wish people are responsible for their finances more. This would have benefited as a whole, but I fear others delinquencies bring down the good guys 2008 financial crises was a good example. Many good people lost their jobs and their investments due to the irresponsible financial decisions of others.

Excellent video, automation is a great tool to take emotion out of financial decisions

I don't know why people hate on Ramit so much, but eat the shit Ramsey says right up, he's pretty simple in his advice that most noobs to budgeting could follow.

My company's payroll site allows for up to 10 different banks accounts for direct deposit. I don't even have to worry about setting up transfers. The money I want to save goes straight to the designated savings/brokerage accounts without ever hitting my operating account(s).

Thank you for this video, it has opened my eyes to start having an emergency fund 😊

It's my belief that the tech industry generally (not just NVIDIA) will do well in 2024. I've seen the indications. To this end, I'm considering investing around $500k (over time) in AI stocks. This to me, will help secure my retirement and build wealth for my children. I'll appreciate advice and important tips to note.

Thank you for your videos! I've been part loaning a horse because i cant afford to buy one just yet, but have been feeling guilty about the money. Now that I've run the numbers I've realised the cost is just a portion of what i can allocate to fun money after paying out all my fixed costs and investments, so i can enjoy my hobby without the guilt

Can you do a video on credit cards? Good ones, bad ones, and how best to use them.

I’m getting onboard with this system!

Thank you Ramit 🙏🏻 you have changed my life by giving confidence back to me that I can do this. May you be prosperous and healthy in life 🙏🏻

Baller! '06 Honda Accord 😊

👍 good stuff 👏

👍🏿I automate everything b/c my life is busy

What if our retirement savings is taken out pre-tax by our employer? should we still invest 10%+ on top of that from our net pay? thanks

Are subscriptions like Netflix considered a fixed cost since it’s every month or guilt free spending since you can cancel whenever? I am always confused on where subscriptions go. Thank!!

I wish you would bring in age more often. These spending categories and percents just don’t work for older individuals who are behind/just starting to save for retirement

Hi Ramit, thank you so much for teaching us these necessary life lessons 😊. I have a question though if u could help me. As a Muslim I can't use normal or high interest savings accounts. An Islam savings account could be possible where the bank uses the money to invest and as the profit is not a fixed amount or percentage it is permissible. What should I do if I can't get access to an Islamic savings account so that inflation does not depreciate the money?

Hey Remit I would love to talk to you about money I really like your podcasts too

been searching Ramit's posts, can you tell me if there is one on how to converting away from paying my adviser? Saw the Netflix show and you say stop paying an adviser. Sounds like you may be suggesting doing it on my own? I am with an adviser who then invest through Schwab. 1% to my firm, 1% to Schwab. I would like to end this.

I have 10k saved liquid. I feel like I'm hitting a mental block on growing that, what advice do you have? I'm a very "money is a tool" kind of guy and would rather use it to make more money. I'm interested in very little in the material world, other than a future I can enjoy while young as time is a very irreplaceable thing. I value my time, don't think working a 9 to 5 is a logical long term choice. Sorry that was a bit long 😅

Can you make a video for small business owners? This one feels more geared towards salaried folks. As a solopreneur my business income and personal income are more intimately tied together.

I subscribed to your newsletter to receive the template and I haven't received anything yet.

Hi Ramit! I signed up but I only received the newsletter and did not receive the CSP Template. Am I doing something wrong?

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Why are you not Financial Audit?

Do you recommend investing all your money in to the S&P? I think u said 10% bonds??

Is it better to start doing emergency savings first or pay off credit card debt first? I have about 3k in credit card debt

I just increased my 403b contributions to max (17% per paycheck and I now focus on our student loans while saving for a house down payment. I still want to invest more after that into Roths and TBAs but these loans gotta go

How do I get the Conscious spending plan template? I went to the link and got an email, but the template is not there 🤔

what is a good rule of thumb when figuring out percentages?

What if i don’t have the same amount going into my paycheck each month? How do I automate? That’s difficult if my working hours are not consistent Please advise?

How to plan savings and investments for 2 students? My brother and I living in high rented area because of the university. Every month we earn 3,000€ and our apartment takes 2000€ with out utilities. Our groceries and etc. takes 500€-600€ and last 400€-500€ split so I only have 200€-250€ for me. We do not save, but I really want to. What can we do?

how can I get the budget template?

i am tired of the rest of the world. I need to go in the right direction. put 40k in ira, I paid off my home, paid off all credit. I started an online reselling business. Paid off my car and put 30k in the bank. with my oh crap saving off 2k. just made my first 500 online. what am I missing. I took a small camping vacation in March.. Am a home painter by trade, My fixer upper is fixed. I am having a hard time concentrating on my new online business, it's not that easy to restart after 10 years. things have changed.

We get a lot of overtime. How do we factor that into our CSP?

I get this and I wish there was a guide for people like me. Someone who lives super economically and doesn't waste money on merely anything, never eats out or buys crap. Just realistic tips for people who have a very modest income and are able to save (putting away the money on a saving's account regularly) and need a way to save this money from dying. I know absolutely nothing about investing and the subject sounds Chenese to me. Totally unattainably ambiguous and confusing. Elementary and concrete tips or instructions on where to invest our 10-20k, would be very appreciated.

Good👍

Car repairs and co pays always eat away at my emergency fund… every month

Love your content. I'm looking for a conscious spending plan in french, because i'don't understand everything

Great advice but... but.... where I live it's sooooo freaking expensive, my fixed costs would be an insane amount of savings... yes, i so want to move somewhere where fixed costs would be much lower

Sorry but I can't find the template Can anyone help?

My rent aint bass on percentages

6-12k emergency fund in the United States, with the current health care system :) Good luck. Sure wouldn't have helped me.

I feel called out lol

😆😆 its funny when you get angry at people not making plans

❤ please a video on how to deal with the guilt free spending money. Im bad at this. Do you keep it cash, crédit card , separate cheking account for this ??? I watch a lot of your vidéo and just go your book. Maybe you talk about it later.

Ramit, you talk about how expensive your clothes are like your $9,200 bomber. What happens if you spill coffee on it or something? Do you have insurance on your clothes?

Fine I will buy more Weekly Options :) Just kidding. Great Advice will follow it.

In all honesty, I typed in my name on Google and didn't see a darn thing

Lock your doors people!

So what you think everyone is trying to do. Better you start off by showing how to make more money than you need to do that first?

If we have debt. What we do firts? Emergency fund or pay monthly debt?

Ramit, you seem a little wound tight. 😂

I am the 55% 😂😂 I'll sub

I must be doing great even though i grew up poor with alcoholic parents. I haven't worked in 4years I'm 32 bought a investment property outright, bought the misses a car & have no debts while i get to go on holidays every 3months I'm content. While most people are working till they are dead with a lot of debts they are continuously chasing money & are not happy.. Its a mental game as well as being educated around money.

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