I could’ve watched six more hours of this interview. I have some serious emotional issues around money and found myself crying often during this episode. I was avoiding his show and now I’m running to Netflix!
Intrigued! My knee jerk reaction in the first few seconds was...'nah, this guy's not for me' ..then, 'wait a minute' and then 'hey! I love his approach!' The psychology behind our attitudes to money was SO fascinating. That's where he had me hooked! I'm the (not quite:) 90 year old sitting on heaps of savings and agonizing over a 5.00$/month discrepancy on a bill. BUT I have also begun in the last few years to spend with glee and almost without guilt on those things I love. I do live a very high/low existence when it comes to material things. I, like you Sharleen, will always seek out a sale , a deal, a 'score' and forever will. But this episode has really helped me. And his concept that saving money for some is a mark of SAFETY really struck home and took me right back to 9 years old. Wow!
The first thought that popped into my mind at the question of "what does money mean?" was security! Like you, the thought took me back to childhood (and also certain moments in my adult life!)
I binge watched Ramit’s show on Netflix and then instantly got hooked on his podcast! Two of my favourite worlds have collided 😍 shandy & ramit who knew
Okay, I completely admit that when I started watching this I thought, "I'm in pretty good financial shape and pretty wise with my money, I probably won't need his advice." Meanwhile I haven't even reached the end of the video and I've opened an Ally account and set up a regular monthly deposit to be sent there, and am now looking into target retirement funds. I loved his specific, easy advice. I sent the link to my fiancé who is really into financial planning and he said Ramit's book was the first finance book he ever read! Also, I'm so incredibly impressed that you were able to get him as a guest! It speaks to the quality of your programming - he was happy to be associated with your podcast and felt it was worth his time!
I saw the title and my aversion to money talk almost had me skipping this episode (a first!) and I’m so happy my love and trust for Shandy won out! Halfway through, I realized that my mindset was already starting to adjust! Thanks to Shandy for constantly being on the best guests!
Making my husband watch this. Omg I needed Ramit 20 years ago. My husband is a saver, pays cash for everything, has a heart attack to do any electronic payments or purchases, doesn’t even know how to use his debit card anywhere except for his bank ATM, he would die before incurring a fee, and says no to anything regardless of the cost. But drops 50k on a truck without a second thought. I have hope that maybe Ramit’s contagiously engaging energy and speaking in a way he can understand, will be a game changer not to have him be the spending police. Oh a girl can dream. 😉
I sent this to mine as well! He’s a shandy but not as dedicated as me so I figured he’d miss it if I didn’t send it. I can’t wait to talk to him about it. I hope it works out for you!
Only 13 minutes in and loving this episode so much! Sharleen, I appreciate and applaud your vulnerability opening up about your “Rich Life”. As Ramit said, we’re not taught to be forthright about what we want, and to add to that (and to speak in gross generalizations), historically, women are taught this even less. For so many years, women have been taught to be selfless caregivers who put their own needs last, which has typically meant that their wants have almost little to no room, and even having wants, let alone admitting to them, has felt shameful. Just by sharing your wants, you’re moving us forward 🙌 Can’t wait to listen to the rest!
Also, since you brought up manifesting, I know had someone on your podcast about manifesting before, you should try to connect with the brand To Be Magnetic (Ramit was on their podcast, The Expanded Podcast before). They’d be awesome to have on here! You’re totally dead on about living your rich life being manifestation, especially given TBM’s view on manifestation. Anyway! Back to listening/watching 😂 thanks again for the great episode!
OMG! As a grandmother, I have “Lived a RICH LIFE” My husband & I did most of what Ramit shared way back in the 60’s. Today, my children & grands not only benefited from our “money mindset” but will have that “safety issue” in perpetuity. We are not millionaires just RICH in living a HEALTHY, LOVING meaningful Life! Hoping anyone who watched will enjoy living a rich life!
LOVE RAMIT and LOVE that you guys interviewed him! All the real conversations made me feel less alone in talking about finances. Thank you for this episode!
Sharleen and Andy - You consistently bring on guests that I never would have guessed I need to hear from, and then I find the episodes and conversations so valuable that I go back and listen to them again. I don't know how you generate so many great ideas for guests/topics (aside from lots of hard work and brainstorming), but I am extremely grateful! One of the MANY reasons I continue to recommend your podcast to everyone.
Thank you Ramit Sethi! I have always seen money as safety. If I have an envelope full of money under my bed, I sleep better at night. Can't wait to watch your Netflix show. Thank you Shandy for finding such amazing guests! Money differences and stresses can really be the cause of relationship distress, so I agree that it is a critical element of a relationship.
Two of my favorite worlds colliding--Ramit and Dear Shandy! I've been following Ramit for 11 years and owe most of my financial successes to his advice. RUN, don't walk, to buy his book. It will change your life.
I've been having so many conversations with my mom lately about money and we just can't find a common ground. I couldn't understand why she was so worried about my financial situation all the time when I'm not at all. This interview made me realize that we have a very different relationship with money probably rooted in how different our childhoods were. Thanks to you I'm going to try to be more understanding!
There's more going on here than just a difference of feeling about money. It probably has more to do with your mom having wisdom and insight into your personality..
Ramit's directness and ability to simplify money issues (including how emotions play a role in them) was SO impressive! I agree, he also has that "X Factor"! PS - Cute clip at the end! ("Magical Pecs" 😅)
This was such an informative straight forward session for me. Surely there is more to dive into but this made it feel doable. Thank you for not holding this information to yourself, Ramit. Thank you Sharleen and Andy for finding Ramit and seeing the value in bringing him to the podcast.
When I read the title of this episode, my immediate thoughts were, “eh I don’t need to listen to this one” as I thought it would be boring and I wouldn’t learn anything. But by the end, I could have listened to many more hours of Ramit! I even subscribed to his podcast and started listening from the beginning in 2021! Thank you, Shandy, for bringing such amazing guests on your podcast! This is my favorite podcast of all time 🙌🏼
this is genuinely one of the most interesting podcast episodes I've listened to! I need financial advice that is simple and practical and this was so helpful
Ramit truly is the best! His book is great it’s a straightforward as he is. His podcast/RU-vid channel are fabulous. I have followed most of his financial advice, and I’m in my late 60s. I think every school should have a Ramit curriculum on finance!💜
LOVE this! I had never heard of Ramit, but he is right on. In addition to running my small business, I have adopted an intense side "hobby" of value investing (almost to the point where I can see closing up my shop early and just relying on investments in the near future) so I love that you all are spreading the education. I have witnessed how starting early with even a little bit makes such a huge difference. I can't wait to watch his Netflix series! ❤
Fantastic - exceptional - he makes me star struck too but it is calming in a way because he is giving an actual, concise, easy to understand solutions to how to think about what you are currently doing and where you can improve it - it almost felt inspiring and more tangible that with a few tweaks a difference could be made with anyone no matter how much your monthly income is. AWESOME HOT TOPIC GUEST AND SUBJECT MATTER!!
Ramit has really helped my husband deal with his anxiety when it comes to spending bc he offers as you guys said -- straight answers. He's so different and beyond so many of the other bs get rich folks. So cool that you guys got him on here
Timely topic for me as I'm showing my 6 year old ways he can earn his own money and a style of saving. Hoping he feels more emotionally free around the topic than I ever have. Thanks, Dear Shandy! ♡♡♡
Oh my gosh this was amazing! I was not as excited for this because I thought it would be hard to understand or a lot of bs. He was so straight forward and helpful. I’m probably going to rewatch this like 4 times and I’m definitely going to buy his book and watch his show! Thank you so much Shandy!
Dear Shandy Podcast, Great video, my first time watching you both. Even if I am 65 earth years single totally out of debt and travel a lot in my lifetime. I believe I'd live a rich life, for me. It is not for everybody however that how I decide to live my life. I was born and raise in California. Thank you for having Ramit Sethi on your podcast I'd seen him on other people's podcast one of my dreams was to watch as many videos as I could and I get to live that dream.
Perfect timing! I like his approach, I was feeling very guilty about an expensive move (from furnished to unfurnished appartment) though I know I can afford it and it'll make me happy... I feel I have better perspective now- and the motivation to learn more about finances
I can so relate to you Sharleen when it comes to clipping coupons and making sure the credit card you sign up for financial benefits far outweigh the fees. In fact I never wanted to even have a credit card with fees, but our family travels a lot and my value conscious daughter recently turned my husband and I on to the Chase Sapphire Reserve and oh my goodness are we smitten! I think the free food at the airports alone has paid itself off six months in.
I am a NYer and I did get car sick. I agree with Andy - it depends on who is driving. In NYC there is a lot of stop and go traffic and if the person driving jerks and slams on the break a lot i would get sick.
Hopefully after watching the Netflix show, people find this video, and You’ll get a shit ton of views! And your channel will grow blah blah blah This ends with you taking a couple of Shandies to Hawaii, and I will be one of those people! 🤣🎉🎉🎉🎉🎉🎉
This was amazing! Only wish we got to ask him where to go to find the Financial Advisor who won’t take lots of your money lol. That situation is what my parents have asked me about. Their financial advisor never charged them so much, but he’s their age! That doesn’t help me to have someone so much older who may not be around long enough to help guide in the direction I want to be financially. But boy is it not cheap to become unpoor lol
This guy is a true 💎! I've listened to Dave Ramsey, but can't stand his cookie cutter responses to everyone, dislike his no credit cards rule, logic on snowball method over avalanche, etc.
Becayse of mobility issues I have to have rentals to come up with 3x the amount of the rent amount to apply for an apartment as a senior citizen. -even having enough $ to pay for 2 years in advance doesn't qualify!
Do it! It will save you so much money! ❤Another great option is to put consistent money every month into "SPY" or "VOO" year after year. Both ETF's track the S&P 500 with extremely low fees and will save you loads when compounded over the long haul. It's almost impossible for financial planners to beat the return of the S&P500 so there's no sense to pay them a small fortune when it's very likely they won't do better and possibly could do much worse. I got rid of mine 3 years ago and I'm super sad now that I didn't do it 15+ years ago realizing how much I lost when compounding is considered.
I should add that when I did ditch my financial planner I opened accounts with both TD Ameritrade (owned by Schwab) and Fidelity, just to diversify, and initiated transfers from my previous investment accounts. I didn't even have to get my financial planners involved. Of course, I'm sure they were bummed given how much easy money they were pocketing from me, but I have since realized they were doing nothing to earn those crazy fees and in fact, hid some unreasonable fees from me that they took off the top of my investment before I ever earned a penny. I also realized in hindsight that they had me in investments that were making far less than a basic S&P500 fund. I was shocked by how easy switching was and how simple it continues to be in terms of maintenance. You won't regret the move. I promise.
I guess my question would be: the couple worth millions who saved $100 on hotel in NyC - all those little decisions to save money and live frugally is probably in some part, over time, how they got their net worth. All those $100 decisions overtime and put into investments have impact.
He focus on automation so you spend guilt free. Looking forward vs looking back. Looking back, you check every charge vs having a system in place so you know your numbers ahead of time
Just making enough to break even is not enough. Cost don't depend on my income and the concept of rich is not a broke can't afford anything concept so the idea of a rich life seems to have a financial component to it. Such C*AP as long as their is money required rich has at least some money part to it!!!!!!!!!!!!!!!!!!!!!!!!!!
Interesting, but this is unrealistic. I could have never limited my fixed costs to 50% of my income because my health insurance and medical expenses are 30% of my income. I cannot imagine many Americans can do the 50%! There have always been a lot of medical expenses in my family and now that I am alone with grown children and retired, I am lucky to limit my fixed expenses to 90%. The 10% is for emergency insurance deductibles or emergency unplanned household repairs. I have no other debt and I have owned a modest midwest home for 21 years since divorcing. My current home is valued at slightly over twice my mortgage balance. My payment is 1/3 of ANY cheap apartment I could rent, and I cannot afford a retirement facility. I cannot change my living situation. I had to retire at age 68 in 2020 when Covid hit and my health deteriorated. If I sold my home the profits might pay for rent for the next 7-8 years if there is no inflation. My father lived for 20 years above my current age, so this speaker's recommendations are not feasible!
BTW I do enjoy & subscribe to the Shandy podcast. This financial expert must not have started life as I did: poor, worked my way through college, married someone who later developed major mental health issues, had children both functionally normal but with above average medical needs, had a $10,000 divorce in addition to my ex-husbands share of the marital debt, helped both children with their college expenses and weddings, & I drove my cars until beyond repair. I never took a real vacation with my kids, rarely bought fast food, always cooked real food not prepared or frozen meals, and I have always budgeted my income so my kids could go to church camp and participate in band, choir, & sports. It has been rough, but much better than many families in this country. I don't need sympathy, but want others in my financial position to not feel defeated or that they are failures. We have accomplished a lot!!
