Ramit Sethi: Never Split The Bill, It's A Red Flag & Renting Isn't Wasting Money!

Ramit Sethi: Never Split The Bill, It's A Red Flag & Renting Isn't Wasting Money!

The Diary Of A CEO with Steven Bartlett · 2024-10-14

Master your money, revolutionise your relationships, and live a rich life with personal finance expert Ramit Sethi.
Ramit Sethi is the host of the Netflix series ‘How to Get Rich’ and author of the best-selling book, ‘I Will Teach You to Be Rich’. He is also founder of the podcast, ‘Money For Couples’.
In this conversation, Ramit and Steven discuss topics such as, how to create your vision for a rich life, why you should rent rather than buy a house, the best money talks to have with your partner, and the top 3 money red flags in a relationship.

00:00 Intro
01:35 Why People Should Care About This Conversation
02:25 What Has Ramit Learned About Money And Relationships
04:10 Differences Between Men And Women's Spending Habits
05:40 What Are The Sources Of Arguments In Relationships
07:14 Women Earning More Causes Problems
11:47 You Don't Need To Buy A House To Be Successful
14:18 Should Men Remain Single?
15:39 Who Should Pay For The First Date?
18:09 Should Men Be Chivalrous?
19:45 What Are Financial Red Flags?
20:51 The Money Types – Avoider
22:17 The Optimizer
24:31 The Worrier
26:14 The Dreamer
27:29 Which Money Type Lives A Happier Life?
29:14 Do You Know How Much Your Partner Makes?
31:32 Should You Keep A Bad Financial Situation A Secret?
36:00 Are Prenups A Good Thing?
42:44 Do We Need A "Money Guy"?
43:59 Red Flag: They're Cheap
45:24 Robert Kiyosaki's Advice Is Rubbish
46:36 What Makes A Worrier?
48:14 What Is A Rich Life Vision?
52:32 Merging Finances As A Couple
58:15 Should You Sweat The Small Stuff?
01:00:13 Is Buying A House Financially Savvy?
01:03:59 Why Is It Hard To Buy A House In 2024?
01:07:13 A Better Use Of Money Than Buying A House
01:14:04 Alternatives To House Buying For Investments
01:16:16 Uncovering Finances And The Shock It Can Have
01:22:19 Should You Make A Budget?
01:24:01 How Do We Teach Our Kids About Money?
01:27:16 Should We Let Our Kids Enjoy Our Wealth?
01:28:23 How To Raise Kids Without Spoiling Them
01:29:34 How To Educate Your Kids If They Want To Be Wealthy
01:31:54 The Principles Of Wealth Creation
01:33:57 How Much Money Do You Need To Start Investing?
01:35:27 Gambling In Relationships
01:36:46 Money Issues Destroying Marriages
01:38:09 Steven's Parents' Money Mystery
01:39:23 If You Have Enough, Why Continue?
01:40:01 What Ramit Would Do With A Surprise $100M
01:41:55 What People Love To Spend Their Money On
01:47:01 The Guest's Last Question

Follow Ramit:
Instagram - https://g2ul0.app.link/36K8W7SVBNb
Twitter - https://g2ul0.app.link/A0YgzpVVBNb
Website - https://g2ul0.app.link/UyeTgBYVBNb

You can pre-order Ramit’s book, ‘Money For Couples’, here: https://g2ul0.app.link/L532luaWBNb

Watch the episodes on Youtube - https://g2ul0.app.link/DOACEpisodes

My new book! 'The 33 Laws Of Business & Life' is out now - https://g2ul0.app.link/DOACBook

You can purchase the The Diary Of A CEO Conversation Cards: Second Edition, here: https://g2ul0.app.link/f31dsUttKKb

Follow me:
https://g2ul0.app.link/gnGqL4IsKKb

Sponsors:
WHOOP - https://join.whoop.com/CEO

The Diary Of A CEO with Steven Bartlett

The Diary of a CEO with Steven Bartlett is a podcast hosted by Steven Bartlett, the CEO of the social media management company, Social Chain. The podcast features Bartlett's reflections on his experiences as a CEO, as well as interviews with other business leaders and entrepreneurs. The show provides insights into the challenges and opportunities of running a successful business, as well as the personal journeys of its guests. The Diary of a CEO is known for its honest and candid discussions on the realities of being a CEO, and is aimed at helping listeners understand the inner workings of successful businesses.

UK Podcasts

A few years ago I was a broke, university dropout, at 18 I built an industry leading social media marketing company, and at 27 I resigned as CEO. At 28 I co-founded Flight Story – a marketing and communications company, and thirdweb - a software platform, making it easy to build web3 applications. I then launched private equity fund, Flight Fund, to accelerate the next generation of European unicorns. During this time I decided to launch 'The Diary Of A CEO' podcast with the simple mission of providing an unfiltered journey into the remarkable stories and untold dimensions of the world’s most influential people, experts and thinkers. Thank you for listening.
My New Book: https://g2ul0.app.link/DOAC
IG: https://www.instagram.com/steven
LI: https://www.linkedin.com/in/stevenbartlett-123

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