254. My $0 to $100k Playbook (full beginners guide)
3/31/202657 min
Most people never find out when they'll have $100,000. Not because it's impossible, but because they never actually run the numbers.
In this bonus episode, Ramit walks through the full picture: the compound interest math that most people ignore, the six-step system he recommends for getting to $100K, and the calculator that shows you the exact date it's going to happen for you. He also covers the four mistakes he sees people make over and over, including one that affects people who are otherwise doing everything right.
No couple on the couch. No Conscious Spending Plan...
Transcript preview
First 90 secondsRamit Sethi· Host0:00
Hey, it's Ramit coming to you live from Japan. My wife and I are living our rich life here in Tokyo right now. And today, I wanted to give you something from behind the scenes of my money coaching program. So please enjoy this exclusive program that I recorded for my members, called How to Map Your Way to 100K. And if you enjoy this, you can find much more including live events at iwt.com/moneycoaching. Welcome, everybody. I'm Ramit Sethi, and we have a very, very fun topic. We are gonna talk about your money map to 100K. We are going to talk specifics. I'm gonna give you some numbers. I'm gonna give you a new way of looking at money. I actually really like when you get specific, when you tell me not just how much money you want, but why. What does it mean to you? I remember early on in my early 20s, being able to get in a taxi and not have to stand in the heat of the subway in New York was a rich life to me. What is that? Ten, 15 bucks? But it felt incredibly amazing. I think that having num- numerical goals is really powerful, but I think it's even more powerful to have a very specific vision. Like, I could feel that sweat on the back of my back and just, ugh, I don't want that. I wanna sit with the air blowing on me in an August summer day in New York City. That feels rich. So that's the kinda thing that we're talking about. I like the vision, uh, but I also wanna talk about some freaking big numbers.