How Investment Advisors Rip You Off | Ramit Sethi (How To Get Rich)

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Barbara Corcoran (Shark Tank) on success: https://youtu.be/iL4Pc5povO8
What Financial Experts Won't Tell You About Money - https://youtu.be/EIoEkbk4zcM
Negotiating Lessons with Former FBI Hostage Negotiator Chris Voss - https://youtu.be/0aNyXrU4YJA
Ryan Serhant on Creating a Millionaire Mindset - https://youtu.be/lHHKla4W-JQ
Asking The $100,000,000 Man How To Get Rich | Alex Hormozi - https://youtu.be/R20SqiiGZQo

Ep 28: Author of “I Will Teach You To Be Rich” and star of the new Netflix show “How To Get Rich” Ramit Sethi shares the main things you need to know to start investing once and for all. If you still haven’t started investing or are new to it, or even if you’ve done it for years - this episode is for you (yes, it’s for EVERYONE). In this episode, we cover it all: from investing in the S&P 500 to real estate–and he shares which ones are good, better, or the best options. He provides a step-by-step on where to put your money and things to look for when investing. This is the episode financial advisors DON’T want you to listen to.

Learn more about Ramit’s Netflix show. “How to Get Rich” here: https://www.iwillteachyoutoberich.com/netflix/

Join my free 5-Day Investing Challenge to learn how to make your first $10,000 with investing even as a beginner: https://erika.com/investing-challenge/free

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Timestamps:
00:00 - Intro
01:23 - Most controversial money advice
02:46 - Why you shouldn't buy a house
09:33 - The mistakes you're making when buying a car
13:55 - Financial advisors (and their fees)
17:20 - Investing 101
24:11 - Where the rich are investing their money
29:55 - Low-cost funds to invest in
31:53 - When should you start investing
33:41 - Automating our finances
35:54 - the ladder of investing
38:48 - Tax optimization
39:51 - You want to ask $30,000 questions, not $3 questions
41:04 - Paying off debt
45:29 - How to earn more money
50:18 - Ramit's money rules
58:16 - Ramit's travel rules
01:00:50 - “How To Get Rich”
01:01:10 - Ramit's top 3 money tips
01:01:53 - Ramit Taught Me