"ah this is driving me insane to make a lot of money you don't need to be a genius you just need to remember a few key things RIT sa Financial expert the moneyman New York Times bestseller has more tha..."

"[Music] REM someone's just clicked on this podcast on YouTube on Spotify on Apple and they saw the title they saw the thumbnail they thought that sounds interesting tell me why you think they should s..."

"language of money what do you mean I mean understanding the nuts and bolts of money so just the same way that we all learn how to drive we learn the rules of the road when to use our turn signals most..."

"to know there's four numbers that I really like to track I track these myself and these are the numbers I encourage the first is your fixed costs okay those would be your rent or your mortgage your in..."

"life is how many people from your experience of interviewing people and doing this research are clear on what their rich life looks like down to you know what you just that I want to travel for a coup..."

"I find that really curious because the the the popular narrative is for most people the minute they get any decent amount of money is to buy your first house that's what people do they get they take a..."

"of messaging some might call it propaganda first of all most people in the world do not live in single family homes like we do in America that has caused a lot of issues but to leave that part aside t..."

"for the biggest purchase of your life you've got to go deeper again when I was living here I kept a very close eye on real estate and the place right right next to me same square footage same number o..."

"somewhere to for the rental income that can work that can work so owning real estate as an investment can be part of a well- diversified portfolio if you run the numbers right now there's a lot of hyp..."

"to make sure nobody misunderstands me I've been accused of saying buying a house is bad no I never said that in fact I will buy a house myself one day and when I do it's going to be a terrible financi..."

"ever you can sell a car even at a minor loss but selling a house involves massive transaction costs and labor that most people don't anticipate one of the reasons that I rent is for lifestyle reasons ..."

"spread them out over 10 years they become much more affordable it's kind of like buying an expensive jacket if you buy it and you wear it once that's really expensive if you buy it and wear it over 10..."

"have never created a simple spreadsheet how does buying a house compare in terms of returns to something like investing in the S&P 500 it's quite poor actually really yeah over about a hundred years t..."

"because it's the biggest purchase of your life I'll give you another example of where people don't properly Factor it in uh some people pay a financial advisor 1% they go 1% it's not a big deal I'll p..."

"go to sushi right now and we get sushi for 20 bucks it'll be fine if we get it for 100 bucks what do you think probably be a little better right and if we get it for $11,000 the fish will have been fl..."

"investors treat investing like watching paint dry that's how sexy it is trust me I'm not getting my entertainment from investing I'm going out go watch a movie go watch Netflix but investing is boring..."

"for decades and that fun so got1 I go on a website Vanguard Fidelity Schwab whatever they are I have no Alliance to any of them neither do I um there's various ones in the UK I actually do recommend h..."

"have a certain amount of money going in now if you don't know how much money use my conscious spending plan guideline what did I say 5 to 10% of takehome is a good guideline all right you should be ab..."

"draw from it that's what a checking account is for so if what that is is there's two parts to what your friend is saying one is um mentally she's thinking that this investment account is just money I ..."

"is better well there's there's a couple things first off the research over more than a hundred about a hundred years shows the returns of the stock market and the returns tend to be at least in Americ..."

"slightly above median salary that there are hundreds of dollars a month of money that is unaccounted for that if properly made intentional could be invested so great 5,000 a year all right obviously I..."

"$336,000 it's getting better from just $5,000 a year it's not much it's fantastic again 400 bucks or so a month is very modest remember people's income goes up typically in their 30s and 40s and if yo..."

"7% do you know the math no tell me 12 Milli $33,000 so that's me starting with 5K gradually ratcheting it up until I'm investing well investing 30k on year a year per average across those 49 years yes..."

"psychology of money he wrote this amazing article about Warren Buffett if you look at Warren Buffett's returns he started investing at a very young age and the money compounded again it's like putting..."

"impressive when that wealth is used to live a rich life a rich life of adventure and spontaneity and generosity some of the stats I pulled out from your book about 25% of people who make $100,000 a ye..."

"of compassion for helping people unlearn some of the messages about money because we all have them uh we all H have the equivalent of I want six-pack abs but we also have something in life that we've ..."

"financial advisor in fact you were controlling all of their personal professional decisions uhhuh talk me through what you would do with that individual at a very detailed level I would do a few thing..."

"and you're going to say um what else are you looking for I know you've got your fitness journey you're going on they're going to tell you I've got a 10-year reunion I want to plan for that uh another ..."

"your your currency when you're a personal trainer you're trading in your time I need to make the most from every hour I spend um I've thought about something recently as I've been writing my new book ..."

"valuable and I think about this a lot with with especially as this AI thing rolls in I think people should be looking at their skill sets and going where is my skill set as a writer going to yield the..."

"go like for example there's a trainer I know here who charges 175 bucks an hour that's very good after you get that and you fill up your entire calendar you go okay I'm making $35,000 a year I want to..."

"back when you learn the basic language of money and you understand how you feel about money whether it be I like status or I like luxury or I don't really care about XYZ when you understand your own f..."

"as boring for old people this game is a marathon you want to live a rich life you want to be living it for 60 70 years I'm not trying to get 10,000% returns and then blow out and that's what happened ..."

"status isn't it yeah and we're not wired to seek the opposite of status exactly we're not wired to voluntarily bring ourselves down in the tribe exactly we are safety seeking we are status seeking and..."

"check their price sometimes I just check my password works but I but but I'm not in I've never traded I have no interest in that remites 10 Money Rules I just want to go through these 10 Money Rules c..."

"aggressive with them I know that paying myself first now turns into way more later so I invest aggressively rule three pay cash for large expenses like engagement rings or big holidays or weddings yea..."

"number five business class flights on flights over four hours long yes again my money rules not for anyone else when I used to when I was in my early 20s I would get on a flight and I would actually i..."

"best and keep it as long as possible yes I love this I think we all intuitively have this idea of quality over quantity but if you look in somebody's closet or you look at the things in their house th..."

"classes here at Colombia to buying every conceivable book and digital program there is I've given myself the freedom to do that and all that came from uh I had a scholarship I had many scholarships th..."

"Vanguard but it doesn't matter at all if you're going to die yeah if you ask people what's important to you they'll often give you the same answers they'll say relationships Health maybe travel Korea ..."

"matters profoundly ideas seep into your Consciousness values seep in if I'm around people who when I look at the calendar when I have a meeting with them I dread it I already know it's the beginning o..."

"number nine prioritize time outside the spreadsheets yeah too many Nerds love a spreadsheet and they they go I got to optimize sell b43 b43 never talk back to me I go all right look yes you need to kn..."

"you invited me on this trip I'm so excited to go I'm just curious how were you thinking about paying for the trip who who in your mind pays for it how would you see us splitting this that's a great wa..."

"think our partner should know how much money we have when you're married probably a little before that as well like I'll tell you what happened with my wife and me so in my book in chapter nine I talk..."

"does he have this much money or not does he expect me to pay the exact same amount for this apartment because I don't know if I can afford that there are M what does it mean for children what does it ..."

"learn more I said fantastic so we start talking more about it we both get lawyers as you're both required to and it was going pretty well until it didn't and we started really disagreeing about money ..."

"in a checking account when I go but that checking account is losing potential interest why would we lower our yield blah blah blah we were looking at it through two totally different lenses so that si..."

"for us to acknowledge that it sticks with us if I approach my partner and I say I want to get a prenup and they say what you don't trust me yeah and they say no uh what do you do is that the question ..."

"should be left out in the cold ever do do you notice any differences when you speak to these couples or on your podcast um in gender differences as it relates to people's relationship with money CU I ..."

"because of the ease of preparing this one scoop 10sec shake and you're ready to go over the last few years I've realized that my first Foundation is my health something you've heard me talk about a lo..."

"rich people that are living their rich life that might be billionaires millionaires or just living their rich life what are the unobvious things the the character traits the the philosophies towards l..."

"traits uh number one they they're surrounded by people who uh keep them down versus build them up so that would be phrases like um why do you need to do that um that's weird don't get too big for your..."

"interesting I wish ID had this conversation when I was 18 I'd certainly be in a much different position now I think about if i' if I'd been even more Savvy with my money and I'd had it compounding soo..."

"that we all need to do like the kind of the exercise that you ran me through there do you think that everybody needs to um do that initial piece of work to sketch out what otherwise what are we workin..."