The Psychology of Personal Finance with Ramit Sethi

Ramit Sethi (@ramit), founder and CEO of I Will Teach You To Be Rich, joined Ben Casnocha to discuss: - Ramit’s philosophy of personal finance. He says he focuses on $30,000 questions as opposed to $3 questions because there’s no limit on how much you can earn, but there is a limit on how much you can save. - How “invisible scripts” rule how you think about money. Ramit talks about how to figure out and interrogate what those invisible scripts are so you can move past them. - How to figure out what your “rich life” looks like. He suggests writing down in great detail and texture exactly what you aspire to when it comes to your financial goals. For example, when you go on vacation, what kind of hotel are you staying in? Are you flying in business or economy class? - The fact that people often have a prime twenty years between ages 40 to 60 to spend their money and why you shouldn’t defer your goals until late in life. - Why he decided to start a podcast about love and money and the challenges inherent in dealing with differing approaches to personal finance in relationships: https://www.iwillteachyoutoberich.com/podcast/ Thanks for listening — if you like what you hear, please review us on your favorite podcast platform.  Check us out on the web at www.villageglobal.vc or get in touch with us on Twitter @villageglobal. Want to get updates from us? Subscribe to get a peek inside the Village. We’ll send you reading recommendations, exclusive event invites, and commentary on the latest happenings in Silicon Valley. www.villageglobal.vc/signup