I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Strayer..
I'm surprised that you just mentioned Natalie Strayer here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
Natalie Strayer has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
This is such a terrific interview! She hits all Ramit’s important points! Near the end I hear “opportunity costs”: If I just paid $450,000 cash for a house I’ve been renting for more than 3 years @ $2500/mo (it’s not my primary residence), I’m losing $1500 in interest on that money; add property taxes and maintenance (insurance & utilities didn’t change) and I’m at break even. But now, if I choose to, I can paint, I can get a roommate, I can get a pet, I can park my boat in the driveway, or I can rent it out when I’m not there. IT’s MINE and I love that feeling!
I don't agree with alot of this if you 30+ you need to talk about fiances BEFORE the first date it saves so much time, money, and energy especially if you're a man.
People dont know how money really works. Most people look at debt as a bad thing but if i teal you most rich people have millions in good debt like apartment rentals or a nother form of business that gives them cashflow monmth after month people wont understand. I tried explaning how rich people get rich to some one they looked at me like i was crazy. most people think they cant become wealthy then if thats what you are telling your self thats whats going to happen . when you say yes i can become wealthy you start looking for ways to become wealthy. can be rental properties, or a business like owning a franchies selling a product. you need to change the why you see money. money is just a tool thats it.,
rental properties and owning a franchise are definitely two ways to do it but they are low percentage wealth builders compared to low risk low fee investing. and thats not me running my mouth its what Ramits whole system is based on. a simple 7 to 8% return which has been happening with index funds for the longest has made millions of people into first time multi millionaires. you are right though, people think really small. also money is not just a tool.... again coming from Ramit himself. money is the story we tell ourselves about spending, our life scripts, money is also a tool, money is also emotional. its many many things. its not just a tool. this here is from the description of the video summarizing Ramits thoughts on money "He says it affects where we live, what we eat, and who we are as a people. Even saying that money is a political topic, whether you agree with that or not."
Why doesn't he ever explain how he actually made his first million at an early age? He essentially dodges the question and goes into his usual platitudes. Was it earned by compounding interest? Book sales? Inheritance? A sale? Real estate?
Amazon stock? I bought Amzn at $24 soon after it went Public ($5000 worth). It was my first independent buy. A few months later when it hit $28 I sold it. Worst investing decision I ever made.
@@candecarro though I believe you about your amazon stock, it still doesn't negate f25s point. allow me to elaborate. Im a big fan of Ramit and I know a lot about his upbringing and you actually are both wrong. first off just because you didnt do good with your amazon stock doesnt mean Ramit did not. Ramit put 11k down on his amazon stock when he was 15 and made $297,754. which of course he reinvested in more stocks(and lost a bunch of money after that). the irony of this is that Ramit even talks about how his decision to invest in amazon the way he did was a bad decision that gave him bad investing habits that he know longer promotes or participates in lol. he teaches people how to invest not to become traders. trading is a dead end, thats been proven. the best traders have been proven to get the same returns as an average citizen with index funds lol. and f25 you got a few things wrong. you asked why he didnt talk about a multitude of things that I guess you think he is hiding for some reason. one he hasn't received an inheritance. he is first generation from a single income family. learned finance with his dads help and encouragement. book sales are not a secret, he talks about them and he gets about a dollar a book sale so that aint really doing the amount of growing his stocks give him. He doesnt do real estate so he can't talk about that. He also talks about how compund interest made him rich, all the time. he frequently talks about how he rents instead of owns, and invests the 3500 dollar difference he saves every month. compound interest is the key to the retirement portion of the IWT system that is at the core of his business. if I know this and I never even met the guy this means he has mentioned it. actually he mentions it in his newsletter, and all his social medias at least twice a month. it's in his business cycle as part of his copy lol. so yeah next time you might want to investigate more before you try to make someone who has helped millions of people seem grifty.
because things are more complex than simple black and white answers. Everyone's answers will be different, and he cant speak to everyone's personal situations. Thats how ppl wind up getting led astray, listening to specific theories being sold to ppl as broad catch-all solutions on social media. Take his answers, add your personal situation as a filter, and apply to your life.
