Ramit Sethi @ramit
Author, host of @netflix "How to Get Rich" & the Money For Couples podcast iwt.com/moneyforcouples Los Angeles / NYC Joined April 2008-
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@chrisclark1729 "They've stayed roughly consistent for 4 decades." This is not true. Wealth concentration of the 1% has dramatically grown over that time period fred.stlouisfed.org/series/WFRBST0…
Remember this when some underemployed guy from Kansas logs onto twitter and argues against taxing the wealthy Or when someone making $250K/year launches a 7-part thread about how logistically impossible taxing the wealthy would be These numbers are disgusting & dangerous
The top 1% now hold as much wealth as the entire bottom 90% of Americans combined — about 32% each. This is what runaway inequality looks like, according to the Fed's most recent data released this month.
Like this guy who lectured me about sticking to finance and not discussing politics... ..and it turns out he can't even afford beef He deleted his comment out of embarrassment, but I saved it for you here x.com/ramit/status/2…
Guy: "You can talk about finances without getting into politics. There's nothing political about teaching someone fiscal responsibility" Same guy: "I can't afford beef!"
New podcast episode is live youtu.be/2NdZSHmTWlE?si…
New couple on the pod: - 29 & 30 years old with a baby. They have less than one month of savings - He thought they made $80K/year. Turns out they make $160K/year - Every month, he sends her $1,000 and considers it handled. But $1K doesn’t even cover rent - She pays every bill, manages every account: "I feel like his mom, not his wife" - She's been asking for a joint account since before they got married. She showed him the numbers, but he refused. When I — another man — explained they should have a Joint account, he immediately agreed. What would you tell them?
@MeghanMcCain @TulsiGabbard She's a literal cult member who was the Director of National Intelligence. You know this, so watching your mental contortion is extremely entertaining. Keep it up Meghan
Notice this hyper-frugal person does not describe anything they actually enjoy. Their entire worldview is about what they DON'T like: working, spending money, air conditioning, eating at restaurants Unattractive
@PatsKam I feature people’s actual income and spending — from couples in $250,000+ of debt to tens of millions in net worth You will be shocked at the patterns of how people spend money in America The podcast is Money For Couples
"I have a good job and I get paid well" is accurate and extremely common in certain SES groups. This is why I am a huge fan of college and living in major cities Ignore the online groupthink suggesting that anyone spending money = broke, in debt, and showing off
i don’t know how to explain this to people but some of us literally just have good jobs. idk what else to say. i’m not in debt and my parents don’t fund my lifestyle. i do my job everyday and get a paycheck and use that to do fun things lol
Watch & listen to Money For Couples here open.spotify.com/show/11ktWYpzz…
I feature people’s actual income and spending — from couples in $250,000+ of debt to tens of millions in net worth You will be shocked at the patterns of how people spend money in America The podcast is Money For Couples
I wish it was socially acceptable to ask how people afford things, like your house is so nice, you go out to eat 3 times a week, and are always on vacation, are you in debt?
How can this be? I was told house prices only go up
The biggest price cut I've seen yet in this housing cycle. This house sold near $388k in 2022. It's now listed for $216k That's a 45% loss in just four years, and the destruction of over $170k in equity. This is happening more often than you think in a market like Texas.
Japan I am getting so hungry looking through thousands of food pics/videos
Marrakech food
Food memories of our sabbatical These are from Paris Will share more below. We took a 3.5-month sabbatical across the world as part of our Rich Life
New book is out today amazon.com/How-Try-Again-…
New book out today on what to do when things don’t go as planned I recommend it! @SteveKamb shares some intensely personal revelations about things that didn’t go as he thought they would If you’re pushing the limits of anything, failure is inevitable. What do you do next?
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