“We own 7 properties. Why can't we pay for groceries?”

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  • čas přidán 26. 06. 2024
  • Ramit Sethi of I Will Teach You To Be Rich talks to Natalie and Travis who are in their 40s, living in SoCal with their four kids. Travis is a career military man, imprinting him with some pretty understandable tendencies toward conservatism with money. He’s saved and invested heavily for decades, but it’s left him without the muscle memory to enjoy what he’s built.
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    Can’t-miss moments:
    00:00:00 - 1: Opening
    00:02:54 - 2: Travis assumes Natalie went over budget for their son's birthday
    00:05:59 - 3: They both guilty about everything they spend
    00:13:33 - 4: They both guilty about everything they spend
    00:20:16 - 5: Watch Ramit's surprise when he sees their numbers
    00:23:44 - 6: Their numbers are good. Why don't they have enough to spend?
    00:24:24 - 7: Their fixed costs are almost 100% of their take home pay?
    00:25:38 - 8: "How can we succeed if our plan is a failure?"
    00:29:59 - 9: Why they're always worried about saving enough
    00:36:21 - 10: Travis shares his amazing vision of his Rich Life
    00:38:49 - 11: What money lessons are their 4 kids learning from them?
    00:43:00 - 12: “When does the grind stop?”
    00:51:00 - 13: Could they be oversaving?
    00:54:29 - 13: Where are they now? Travis and Natalie's follow-up
    -
    If you and your partner have a money issue and you want my help, I occasionally select a couple to work with, free of charge. Apply for my help here: forms.gle/pjYMaLeThJM3z9uN6
    Produced by Crate Media.

Komentáře • 455

  • @ramitsethi
    @ramitsethi  Před rokem +221

    0:00 Please remember: These are real people who had the courage to come on my podcast and ask for help. Would you be willing to come on this podcast and share every detail of your financial life? Feel free to leave comments based on what you think, but remember that we are here to help in a supportive way, not to demean and criticize.

    • @TWEQDvideo
      @TWEQDvideo Před rokem +1

      Only people from the US?

    • @aarongillette4420
      @aarongillette4420 Před rokem +4

      I'm trying to help my friends see the lense of financial freedom and they can't grasp it. Yet I am able to stay at home with my new born twins while they work day in and day out.

    • @pri4718
      @pri4718 Před rokem

      42:54

    • @adamobloj1702
      @adamobloj1702 Před 5 měsíci +1

      Outstanding segment . Thank you all for the courage to share!!

  • @mdbarton1979
    @mdbarton1979 Před rokem +287

    Oh my gosh. At 28:05 when you said, "Celebrating is a really important skill" I think Travis is literally taking note of that--he's writing it down. You spoke his language. A skill? He's like, ooh, a skill I'm lacking? I'm on it! Hahaha.

    • @Potential20
      @Potential20 Před rokem +25

      This episode was really great because both guest truly were open to feedback and wanted to improve their situation.

    • @edwardmitchell6581
      @edwardmitchell6581 Před rokem +13

      That's military for you. For fun my brother-in-law practices wilderness survival, learns Russian, and cooks. Zero materialism. Military also has the total opposite, I don't think they stay in that long though.

    • @IEHD01
      @IEHD01 Před 6 měsíci +3

      That's a hilarious observation. I wouldn't have caught that. Thanks for pointing it out lol

    • @lowlowseesee
      @lowlowseesee Před měsícem

      Adorable

  • @jessicaredmond8034
    @jessicaredmond8034 Před rokem +290

    I grew up with a parent who constantly told me we couldn't afford things and he wouldn't even come to my high school theatre shows because it cost $7 for a ticket. In truth the reality was the opposite of what he said and if I could tell these 2 on this episode anything it's that you will make your kids feel like your money is more important than them. It's not about saying yes to everything they want or "spoiling" them or spending more than you have just for them... It's about making them feel like a financial burden.

    • @qwertyqwert2772
      @qwertyqwert2772 Před rokem +42

      and trust me when i say they do realise when you tell them you dont have any money for them and they see you buying smokes and alcohol every single week..

    • @aliceg6747
      @aliceg6747 Před 11 měsíci +11

      ​@@qwertyqwert2772I realised it....they would always get alcohol...but would rant about money even for my essential stuff

    • @valerimacdonald5146
      @valerimacdonald5146 Před 8 měsíci +18

      I feel this in my bones. I am the youngest of 4. Both parents worked but mom was the source for all the daily expenses so we lived frugally while my dad spent on himself. We never had money to go on vacation, mom made clothes for us, we always heard how money was tight. Then I (10 years old) was returning from the store (on the bike I had to pay for) with a loaf of bread. It swung into the spokes of the tire and was shredded. I started sobbing cause I thought this was our bread for the week - all we could afford. When I made it home, my parents laughed at my reaction. The scales fell from my eyes and I saw their protestations of poverty were false. I (57) still find I get angry when my hubby complains about some expense he has. I also made sure I had 5 year goals from high school on so I would not make my family live under the same yoke of poverty my parents kept us in.

    • @Joce123
      @Joce123 Před 8 měsíci +10

      So heartbreaking that you lost a lot of your childhood joy because a a false narrative about your family's financial situation.

    • @rdaniel4810
      @rdaniel4810 Před 7 měsíci +3

      Same here. Parents could never afford clothes. I had 2 outfits and had to wear the same thing every weekend. When it got really bad, my parent got used clothes from her friends kids who were much older. Imagine being 5'2" and wearing jeans for girl who is 5'9".

  • @mmp495
    @mmp495 Před rokem +62

    “When does the grind stop and the enjoyment begin?” Profound.

    • @jainthorne4136
      @jainthorne4136 Před rokem +6

      He doesn't seem to realize that he is the only one stopping that enjoyment from happening.

    • @lowlowseesee
      @lowlowseesee Před měsícem

      They can run concordance but most people don’t understand how

  • @susan5661
    @susan5661 Před rokem +230

    Such a wonderful show. I love how respectful you are to your guests, you guide them on new paths, rather than just lecturing them

  • @shaizilsheriff2681
    @shaizilsheriff2681 Před rokem +87

    I think there are 2 fascinating aspects in this show. 1. We can see that everyone has a very unique relationship with money, and Ramit tries very hard to convince them that their individual viewpoint may not be the only way to look at things. 2. Ramit is great at responding positively to almost anything someone says, makes them comfortable and then delivers a counter-argument if any. This way you don’t feel like the disagreement is with the person, but with the viewpoint. This itself is a niche skill, and would end millions of arguments within couples all over the world. I would recommend every couple to watch at least 5-10 episodes of this show for a happier married life!

  • @kristencobb230
    @kristencobb230 Před rokem +124

    I’ve been where she is. All the weight of day to day financial decisions on her, and the scrutiny and pressure from him. It didn’t end well after 25 years and 3 kids for me. Wishing them the best. I suggest ongoing counseling ❤🙏🏻

    • @jwatson181
      @jwatson181 Před rokem

      No.... get their financial house in order. They will be happier.

    • @amykean6125
      @amykean6125 Před 5 měsíci +2

      ​@@jwatson181 doubtful. She does all of the work and takes care of everything for the family and he just complains about it.

    • @triptin24
      @triptin24 Před 4 měsíci

      ​@amykean6125 you forgot how the money was made in the first place. That would be a very important part of it. You should stop with the side taking B.S.

  • @LifeAccordingtoMaria
    @LifeAccordingtoMaria Před rokem +270

    Travis is very telling at 13:16 when he is describing what freedom from money would mean to him. He is teaching English abroad or building things for months in another country. Never at any time does he say it is going to be great to spend his time with his family when he retires. He is off saving the world on his own. There is no future for his kids and wife in his plan. This couple has major issues aside from financial.

    • @cathycoryell2351
      @cathycoryell2351 Před rokem +41

      Red flag: military family. Always has one person "checked out".... disconnected. What's reasonable costs to a mainland parent vs. World traveler... liv8ng in a different culture, different country, different perception.

    • @ErickaWilliamsCC
      @ErickaWilliamsCC Před rokem +11

      Exactly. Concerning

    • @KC-qr3wk
      @KC-qr3wk Před rokem +1

      Wow

    • @AkweliParker
      @AkweliParker Před rokem +45

      If you stuck around to the 38:00 timeframe, he talked about taking their kids on service projects, past and in the future. Dude has good values and is sharing them with his children. Sounds like he just wants to do more of that.

    • @ddavis8988
      @ddavis8988 Před rokem +4

      Around 37:00, he goes into way more detail.

  • @liisaking1247
    @liisaking1247 Před rokem +58

    Throughout the podcast I kept hearing indications that they were used to following Dave Ramsey. The whole budgeting, every dollar has a name and you tell it what to do, thing. Beans and rice. Etc. The rigidity of the DR approach ties in well with Travis' military background, where there is one right way to do everything. They needed to be able to take that figurative step back and realize that they are doing far better than most and that they *will* be okay (50% pension inbound in the next couple of years plus 7 income properties). Tomorrow is not guaranteed. Their kids are tweens and older. Now is the time to cut themselves a little bit of slack, make some memories. Ramit is so helpful with getting people to look at things from a different point of view.

    • @williamryan6794
      @williamryan6794 Před 8 měsíci +3

      Investing into real estate with debt is NOT the Ramsey way. They may have picked up Ramsey teachings along the way, but that isn't what they are doing.

  • @pandora9630
    @pandora9630 Před rokem +253

    It’s interesting. Travis mentions how he lived amongst 7-8 income earners, and the effect it has on his kids. But I do think it’s affecting him and his wife as well. When you’re surrounded by more wealth than you have. It doesn’t matter how rich you are, you’ll always feel poor. It’s amazing to me that someone in the 1% income bracket + 7 rental properties with a small mortgage between all of them still feels poor. Most Americans would kill to just own their own home.

    • @simmonds3930
      @simmonds3930 Před rokem +10

      “I can’t imagine how all this is going to come out when you publish,” he says, looking fleetingly concerned…. Blankfein insists he is “well-to-do”, not rich. “I can’t even say ‘rich’,” he insists. “I don’t feel that way. I don’t behave that way.” -- Lloyd Blankfein, Former Goldman Sachs CEO (Net Worth = $1.16B USD)

    • @edwardaldrich7213
      @edwardaldrich7213 Před 5 měsíci +3

      I feel broke. Inflation is killing me and I have a LOT of stocks and investments. I am cash poor because I will not allow myself to do ANYTHING. I don't go to movies anymore, i have cut cable and streaming for over 4/5 years, I live almost like I am homeless. All of this to retire and not eat Cat food and have money later in life. My only "happiness" is free stuff like CZcams or Facebook videos on my computer.

    • @StevenEdwardsAudio
      @StevenEdwardsAudio Před 4 měsíci

      @@edwardaldrich7213sounds like a terrible life

    • @lowlowseesee
      @lowlowseesee Před 3 měsíci

      I’m damn near poor and been around wealth and it doesn’t affect me at all. Not saying you’re wrong but being that my worth is in art and not in posting on line and trying to do what others do, I’m chilling. I’ve been doing rich life stuff apparently in 30g a year salary lol

    • @chaselesser3191
      @chaselesser3191 Před 2 měsíci

      @@edwardaldrich7213How much do you need to retire? I feel like you may already might be at a good spot and maybe start enjoying a tad bit. Not all of it, but maybe a $10 streaming service or a nicer pillow or some better quality tires than usual, when it’s time to replace.
      Early on “watch the Pennies and the dollars will take care of them selves.”
      But once you are established, “Don’t step over the dollar to pick up the dime”

  • @lisah5836
    @lisah5836 Před rokem +247

    I feel for Natalie, running a household and kids takes up so much time. No wonder she feels that time is such an asset

    • @ericheart1198
      @ericheart1198 Před rokem +10

      They both are working hard. Being the sole provider is hard work, too. With inflation, both parties, stay at home mom and dad, the sole provider, will feel it.

    • @jwatson181
      @jwatson181 Před rokem +1

      This is insane. Why would they do this to themselves. They have no control.

  • @user-kg1ne2nf9i
    @user-kg1ne2nf9i Před rokem +44

    Your series changed me and my husband's thinking by 180 degrees.
    I have a degree in economics, with over decades of experience in the financial field, and no one has ever explained to me how to use money, neither in the degree nor at any point in my life.
    Thank you Ramit ❤️
    Dorit and Shay Salomon, Israel

    • @lowlowseesee
      @lowlowseesee Před 3 měsíci

      Same here. I’ve never cared about money and I found Ramit Feb 8th and my whole understanding and approach is changed

  • @llChrisTjll
    @llChrisTjll Před rokem +67

    I lost it when Ramit started counting fingers over the properties, lol. Perfect comedic timing! Iconic. Need this as a GIF.

    • @samb.1041
      @samb.1041 Před rokem +4

      I read this just before this part. I couldn’t agree more, perfect GIF

  • @danielp4805
    @danielp4805 Před rokem +58

    No money will be enough for this couple. What’s the purpose of making money if you can’t enjoy it?

  • @MissGirl1450
    @MissGirl1450 Před rokem +82

    So was the big takeaway this week that they are not able to meet all their needs because they were actually over-investing? Sounds like with four kids, their expenses have gone up but they haven't really acknowledged that or adjusted their spending plan to reflect their new reality.
    It's sad to hear they tell their kids they can't afford things when the reality is they can, but they're still too focused on the future-a future they've more than amply prepared for. I'd much rather they tell the kids they won't be buying something in service of a bigger goal. That's a more honest approach and a better lesson. But it also sounds like they're living a more austere life than they truly need to.

    • @madisonmcknight2591
      @madisonmcknight2591 Před rokem +16

      Absolutely! I think with some decent communication, a restructuring of their goals and giving themselves a bit of grace they’d find a lot more peace. They seem to have been making it pretty hard on themselves by being so strict about their money. Travis has set an unreasonable budget so that they can invest, I also don’t think that he understands the burden for Ashley to live under this harsh budget while taking care of the house and children. I think all of his concerns and hers could be alleviated if they got to redoing their budget they’ve put off for a year and actually made it reasonable - all spending if going to seem frivolous if it’s coming out of savings.

  • @vulpixelful
    @vulpixelful Před rokem +45

    I hope Travis learns to trust Natalie's judgment more when it comes to spending on the kids and house. Like if there ever was a time to believe your spouse when they say prices have gone up, it's now!
    I'm a recovering optimizer. Sometimes enough is enough and you and your family have lives to live 😌

  • @seanroger6954
    @seanroger6954 Před 5 měsíci +164

    Great content as usual, I loved this as I am about to invest in uk property with 70k deposit (plus fees and more savings for furnishing and decorating) to buy my own place, but I am also treating it as my fourth investment, having two spare rooms for lodgers to cover this property mortgage and tax costs... and to build my equity whilst working my day job for my next investment.

    • @jessicamegan5850
      @jessicamegan5850 Před 5 měsíci +3

      Hello, I am in London and am considering investing in real estate as a way to get some passive income. A few years ago, my brother purchased a home in a county outside of London. Because he was unable to find tenants, the property was eventually repossessed. As a result of this experience, I'm concentrating on purchasing real estate in London, where it's quite challenging to obtain a mortgage because of the high cost of the properties. Would you kindly recommend an easy way, where one may try to sustain these cost on mortgage?

    • @kimothyolsen3858
      @kimothyolsen3858 Před 5 měsíci +1

      Houses are so expensive in the uk now. How would anyone pay off 400k plus, unless they want to commit to a ball and chain lifelong mortgage? Am I missing something? Seems like even if you had two professionals there that would take decades to pay off…?

    • @jadecarson5081
      @jadecarson5081 Před 5 měsíci +3

      First, Jessica you need to have a salary of at least 25k before you will be considered for a mortgage, that you need for properties. If you want to achieve a 75 percent yield yearly, try looking out for an investing advisory or else you will be competing against professionals themselves.

    • @jessicamegan5850
      @jessicamegan5850 Před 5 měsíci +1

      I know generating returns are usually phenomenal. What would have been really interesting would be a proper breakdown showing their costs , services, investors return..

    • @jadecarson5081
      @jadecarson5081 Před 5 měsíci +3

      that's the only way to become debt free from your mortgage Jessica. I've already paid off two previous mortgages. Now I'm working on my third and I cannot wait since it has to happen before retirement in four years and I'm already getting there the proficient way, Luckily for me my trader and coach Frost Hilda has been using every opportunity to ensure I benefit from each turn the market takes.
      Good luck staying debt free as much as possible in the future.

  • @snowjae9380
    @snowjae9380 Před 9 měsíci +6

    I’m learning so much from these podcasts - not just about money, but my own psychology about money from learning from the guests on the show

  • @andrewrobinson2565
    @andrewrobinson2565 Před rokem +31

    Impossible to watch this as a couple without re-analysing your own situation. 😮❤😂🎉

  • @omowhanre
    @omowhanre Před 11 měsíci +14

    It must be annoying to be the one in charge of keeping the house going and managing the kids and then being accused of overspending. He should manage the home and kids for 3 months and then his opinion can be more respected. Toilet paper and school supplies don’t just magically appear.

  • @laurenb.9958
    @laurenb.9958 Před rokem +39

    First time listening, I LOVE this format! I'm so used to hosts being so dramatic and having callers in who are terrible with their money. It feels like watching the financial version of jerry springer. This was so helpful and insightful! New subscriber!

  • @aprilstiek7430
    @aprilstiek7430 Před rokem +33

    I love this couple! They had to buckle down during hard times but they can stop white knuckling their life now. A balanced approach to daily life sounds so much better. They won’t regret it!

    • @mmp495
      @mmp495 Před rokem +1

      Resilience ❤

  • @MissArBell
    @MissArBell Před rokem +7

    This couple was a joy to listen to. They really listened to what was being said and paused to consider and digest. 👍👍

  • @monikawelch339
    @monikawelch339 Před rokem +11

    This was amazing! Well done Natalie and Travis. You are impressive…..with what you have done prior and then a change to a better future….for you both personally. Loved this conversation and resolution.

  • @lmarshall2986
    @lmarshall2986 Před 5 měsíci +2

    I really enjoyed the humanity and kindness you showed towards this couple and the clearheadedness in helping find a solution. I’m so happy I found your channel.

  • @jameskelly624
    @jameskelly624 Před rokem +13

    Really great hearing this video...and what a great couple Natalie/Travis, I'm happy for them and the success they've accomplished at an early age - please take more time to celebrate!!!. Like Travis I constantly moved to the next project/mission (leveling up), and had a hard time celebrating the journey which I've started to do now. Great show!

  • @sue1703
    @sue1703 Před rokem +4

    This was a very good video! Thank u to Travis and Natalie for sharing their story. Sending best wishes to them!:)

  • @lorainec1435
    @lorainec1435 Před rokem +26

    Truly not trying to be mean or offensive… but I think he dislikes his wife. He talks about himself first, throws in his kids a little, nothing on a future with her… seems like she’s an employee to him and is being judged on performance. Poor woman. If she were my friend I would advise her to get a job of her own when she feels like her youngest is old enough and start learning her value and worth cause he’s tearing her down.

    • @lucashagen4383
      @lucashagen4383 Před 9 měsíci +5

      Her rich life goals were literally to spend time alone. Nothing about him either. Just bc someone has specific desires to spend time doing something they love by themselves doesn’t mean they inherently dislike their spouse

  • @humm23
    @humm23 Před rokem +4

    This concept use to stress us out. I could not plan for those small things, or when the kid outgrew the shoes we just bought. We created a buffer line in our budget. It has helped so much.

  • @amyschumacher6756
    @amyschumacher6756 Před rokem +7

    Your Netflix show started me on the journey to change my whole outlook on personal finances. I straight away found your podcast on Spotify and then finally found your wonderful CZcams Channel. My whole psychology has changed and I am on the path to living my Rich Life after difficult decisions. I hope many many many other people benefit from your advice. You are making positive changes in so many peoples lives. Nice work Ramit 🙂

  • @claudiawilliams6182
    @claudiawilliams6182 Před rokem +1

    Loved this! Thank you both for your courage and for sharing your knowledge.

  • @VeganPetrolhead
    @VeganPetrolhead Před 5 dny

    It‘s so nice to see genuinely good people doing well.

  • @conflictofinterests
    @conflictofinterests Před rokem +4

    Found you through The Minimalists and then watched your Netflix Series. Your outlook on money is the same as mine, but I had no practical steps to get to where I wanted. Now I do. I'm hooked on your content!

  • @atio5491
    @atio5491 Před rokem +7

    Congrats on the Netflix special. I love this episode, nobody at fault, they just needed someone to align things and adjust their focus.

  • @RiaByMe
    @RiaByMe Před rokem +4

    My hubby is in the army and optimizes time. Just because someone "invited" you to that get together at 11 AM for lunch... Does not mean that we need to be there at 11. We have the ability to 'choose' to feed the kids and reach there at 12 instead. No one died. No one even missed you. No one else reached there at 11.
    I am so happy we keep our finances separate because he has this guilty feeling about spending as well. He's not this crazy though thankfully.
    I love him and would like to continue to love him... So keeping things separate helps us.

  • @mohnishsial8142
    @mohnishsial8142 Před rokem +9

    If you've lost properties in the past because you didn't have margin, why not pay down the properties you have and have less risk? This hunger to get more properties is the root of their stress.

    • @joycef8443
      @joycef8443 Před 8 měsíci +4

      I agree, I don’t understand this. Of course, he could put less into his TSP and pay down something…or sell one and put that toward the others. These cannot be expensive properties..isn’t the total like $700k?

  • @A.Rose.G
    @A.Rose.G Před rokem +2

    This was really well done and easy to watch.

  • @haileynichelle8343
    @haileynichelle8343 Před 4 měsíci

    I love this so much! Teaching people to enjoy money rather than feeling the need to constantly grind

  • @aarongillette4420
    @aarongillette4420 Před rokem

    I myself am a CW3 and can say being financially independent is an amazing feeling! Keep it up!!

  • @alinamanuelar8792
    @alinamanuelar8792 Před rokem +1

    Hi! I watched the Netflix show, also some youtube videos. Is what I need to learn more, find a better and healty way with money. Thank you, Ramit!
    I am from Romania and I think is not a shame to show your numbers, how good or bad you are doing. It is awesome to have a second opinion, same feedback. And magic if is something that can help. I am struggling a bit, mother of 3 kids, 2 from my first marriage. The best financiall period was when I was on my own with my 2 first kids.
    Congrats to the couple, they are learning to be better!

  • @pondikakos
    @pondikakos Před 8 měsíci +1

    You provide so much value, Ramit! Thank you for all you do.

  • @jamalamitchell
    @jamalamitchell Před rokem +183

    The first 6 minutes of this interview got me. Husband thinks they spend $750 to skate at the park and eat pizza 🤔, in reality wife spends less than $200 😅... classic dad not knowing what's going on 🎂

    • @ericheart1198
      @ericheart1198 Před rokem

      Completely false cause they did go over budget.

    • @ericheart1198
      @ericheart1198 Před rokem

      @@moobyworldmine after expenses. The husband stated it.

    • @DanielleKFinn
      @DanielleKFinn Před rokem +16

      ​@@moobyworldmine part of the birthday was a fishing trip which I think hadn't happened yet which would be another 80-90 so 10 to 20 over not double or quadruple the original budget

    • @dominicvanwilgen8910
      @dominicvanwilgen8910 Před rokem +4

      Nothing to do with dad. It's the person.

    • @mangomadnnesss
      @mangomadnnesss Před rokem +4

      @@moobyworldminehe said at first that they went over then she said they didn’t.

  • @queen.mama.slots.5977
    @queen.mama.slots.5977 Před 8 měsíci +1

    I love your show. I’m a new subscriber. Looking forward to see your show. Thank you for all your content. ❤

  • @VashtiPerry
    @VashtiPerry Před 8 měsíci +1

    Thanks for sharing. I’m learning so much ❤

  • @BulletBroker
    @BulletBroker Před rokem +2

    This was amazing! I hope the best for this couple!

  • @joannat1898
    @joannat1898 Před rokem +2

    Congrats on the Netflix show! I’m so excited to see it and have recommended your book to all my friends. 🎉

  • @barbarazambrano9029
    @barbarazambrano9029 Před rokem +4

    Congratulations Ramit! I loved this new format, and look forward to watching, learning, and implementing more. Thank you.

  • @rachela6140
    @rachela6140 Před 7 měsíci +1

    This is my first CZcams episode, I usually listen on Spotify. I'm hooked, great episode :)

  • @mrdrsirmonaco
    @mrdrsirmonaco Před rokem +10

    Love this podcast and look forward to it every week. Been a follower for 10+ years. The music at the end of each episode sounds like you are being played off stage though 😂

  • @anag9799
    @anag9799 Před rokem +4

    Started listening on Spotify and got so curious of the visual. Thanks for leveraging all the platforms! Very well done.

  • @realnickcarson
    @realnickcarson Před rokem

    Bro, I absolutely love your stuff. The series was amazing, your perspective is spot for myself, and I preach about you to others all the time!
    One request, make sure videos like this are straight 😂 that one degree off is killing me lol
    Cheers man!!

  • @sandiegoskin
    @sandiegoskin Před rokem +1

    Such valuable information! I am glad you have a variety of people on because we all can learn from each one regardless of our financial situation. Thank you for this CZcams and Podcast and for the people sharing. Actual information everyone can use and not all the other junk on the internet! Kudos Ramit! I admire how your changing the financial landscape and the status quo!

  • @gomezdiana84
    @gomezdiana84 Před 3 měsíci

    This one has the best update ever!! They included the actual financial and personal changes. Most of the other shows they just say how they felt after but don't say what they did or changed.

  • @drummahboijosh
    @drummahboijosh Před rokem +4

    I was literally about to say...at least enjoy the time you try to save. Man, seems like such a hardworking couple and I get how being hardworking/successful can become a hamster wheel

  • @scarletlady3727
    @scarletlady3727 Před rokem +3

    I just binge watched your Netflix show, it was AMAZING!!!!! I wish there were more episodes!! Please make another season!

  • @nathanbarry
    @nathanbarry Před rokem +11

    This episode is so good.

  • @maryclebeau
    @maryclebeau Před rokem +1

    Great advice and great video!!! You are a very wise man!!!!

  • @LeydiDuranRealtor
    @LeydiDuranRealtor Před rokem +1

    Thank you Ramit for all the excellent information about finances and important information in life I love everything about finances also put it in acción but not my husband but I know he will and trying to teach him and my son🙏🙏❤️❤️💪🏿💪🏿really Thankful for you in our life

  • @kimsousa6420
    @kimsousa6420 Před rokem +4

    Just by watching 3 Netflix episodes I caught you saying "don't pay your financial investor 1%!" I looked up to see what my $346k investment into an IRA & Roth account meant with my Financial Planner, paying 1%. It mean't I have paid $19k in fees in 2 years. I felt sick. I unlinked my financial advisor and moved my money to the IRA advice for Vanguard Index funds you recommended, with no fees. In a week, I will be able to do the 70/30 mix you recommended, complete with the fund ID's. We live in N. CA. Have a few rental properties, a Dollar General grocery store, and own a small home, No credit card debt. But maintaining the properties, and a home, can use up all our monthly income with little to no vacations. I also work as a stylist full time in my own salon suite. I can't wait to soak up the rest of your so-valuable information. It would be so nice to have a little vacation money, spend a little on self improvement, and get a much needed hot tub for my aching joints. I also drive a 2009 vehicle that I love.

  • @alexguillen9589
    @alexguillen9589 Před rokem

    Great insights! Thank you.

  • @izy0321
    @izy0321 Před 10 měsíci +2

    I love how much he probes into the WHY behind feelings and actions

  • @shennaghaytacan4640
    @shennaghaytacan4640 Před rokem +1

    Love this episode and watching every time in youtube Ramit!

  • @RiaByMe
    @RiaByMe Před rokem +1

    Celebrating is an important skill. Yes!!

  • @mdbarton1979
    @mdbarton1979 Před rokem +4

    Ramit, I love your podcast and your CZcams channel. I'll often start listening to the episode in my car during my commute and end watching at home so I can see their faces. (Often the people look nothing like I expect--haha!). I have one suggestion for your CZcams. People like me, who are total numbers and spreadsheet geeks love to SEE the numbers. Do you have any idea how many CZcams channels there are devoted to people just showing their spreadsheets and budgets? We want the visual! If you could get those spreadsheets/conscious spending plan numbers on the screen it would be a big "value add" to watching the episode rather than just listening.

  • @pyrochickhop8339
    @pyrochickhop8339 Před rokem +4

    I'm guessing, but many of us think property is cash-flowing, but there are costs that are sucking up your money and your life. So slow down, enjoy your family and sell the property that is the least profitable. You have alot of life left to keep making money, but you have limited time with your kids. Your family is Mission One. Don't waste it (I speak from experience).

  • @szablicka
    @szablicka Před 4 měsíci

    Thank you for this one❤❤❤❤

  • @carmenwilcox7478
    @carmenwilcox7478 Před rokem +1

    Absolutely loved your show. Knowledge based but with heart. Couldn’t wait to go back to my Excel spreadsheet and look at what I can do better. Just bought your book to start ramping up my goals and most importantly my mindset. Thank you.

  • @Humble_DM
    @Humble_DM Před 10 měsíci +1

    41:32 Mic drop Ramit!!! Always getting to the core of it. Amazing 🤩

  • @regdesousa9763
    @regdesousa9763 Před rokem +6

    I am amazed that he can be that tight with money being in the military because when we were in we had constant military social type of activities that we were expected to host or attend and they always cost money ..
    and you never knew how many you had!! I am glad that they are on some kind of budget thou because I also see a lot of people retire with nothing saved !!

  • @cookinthekitchen
    @cookinthekitchen Před rokem

    Just started watching your documentary, it is really good

  • @thefreedomnetwork
    @thefreedomnetwork Před rokem

    Loved this episode so much! 🤍

  • @uleidswaleh5002
    @uleidswaleh5002 Před rokem +1

    I watched your Netflix show it was an amazing experience.. The few things tht I learnt are applicable n av already start to apply them.. More love frm Kenya🇰🇪❤️

  • @mariaerke7910
    @mariaerke7910 Před rokem +1

    My favorite show/podcast ever

  • @lilianfrance8562
    @lilianfrance8562 Před rokem

    Maravilhoso! Chorei! 😢 obrigada

  • @J0.MindGames
    @J0.MindGames Před 6 měsíci

    The best Show for anyone!!!!
    The most valuable stories you could ever hear and get without your own experience! I feel like I lived these stories my self and got then in my mind as my own life lessons 🎉🎉

  • @MaritesVlog
    @MaritesVlog Před 17 dny

    Thanks for sharing

  • @NartajanKrishnamoorthi
    @NartajanKrishnamoorthi Před 8 měsíci

    Listened first time
    Fantastic conversation and advise

  • @DOSEofFLO
    @DOSEofFLO Před rokem +2

    This podcast was amazing!

  • @charleneaira3996
    @charleneaira3996 Před rokem +8

    Congratulations on your Netflix show Ramit. I'm certain that it is the direct product of all the hard work you've done behind the scenes that we don't see. Well deserved!

  • @paulgugger8987
    @paulgugger8987 Před rokem +11

    They need to sell a couple of those houses and pay down the others to cash flow more money.

    • @davab
      @davab Před 7 měsíci

      I dont know how you can have 7 homes with positive cash flow but it's not enough. So you think their positive cash flow is close to break even then?

  • @wendywairimu2060
    @wendywairimu2060 Před rokem +6

    It's interesting to see how the structure around money can affect how we relate to the partner we are in a relationship with as well as how the kids form a certain psychology of money along the way. Money is really to be enjoyed as we save and invest. 😊😊

  • @giftedtoserve
    @giftedtoserve Před 8 měsíci

    Great show

  • @MrSCRIBR
    @MrSCRIBR Před rokem +1

    Great episode!

  • @massageandunwind8787
    @massageandunwind8787 Před rokem

    Thank you for the content

  • @goldi411
    @goldi411 Před rokem

    Congrats on the new show!

  • @CBLifeHacks
    @CBLifeHacks Před 10 měsíci +1

    This is a Powerful Conversation !!!!!!!

  • @carrie7665
    @carrie7665 Před 6 měsíci

    14:28 I love this. I love your show!

  • @davab
    @davab Před 7 měsíci +3

    Wait if you have 7 properties with cash flow positive, how can you be draining through your saving? Unless positive cash flow from each property is nearly break even?

  • @brendaflores-corbella3322

    Great content!

  • @DionTalkFinancialFreedom

    Very hard going from saver/investor to retired early/spender.
    But I’m figuring it out.

  • @rachelschwinghammer6916
    @rachelschwinghammer6916 Před rokem +3

    It sounds like they have a good plan going! :) LOVED the Netflix show!! I watched it during pumping sessions in the middle of the night for my almost five months old girl(we have 5 girls altogether)❤
    I love their follow up! :)

  • @Takkaho
    @Takkaho Před rokem +2

    love this show, I too make a good living but just never feel safe that expenses keep going up and I have to keep saving and investing to make more to keep up.

  • @Kelsky1
    @Kelsky1 Před rokem

    Thank youu sooo muchhhh

  • @InappropriateShorts
    @InappropriateShorts Před rokem +6

    True poverty is having 800k & feeling poor when there’s 10k people that feel rich

  • @BCTS
    @BCTS Před rokem +12

    Well this is my opinion. Travis is a miser. He doesn't care about the happiness of his wife & children but is totally selfish, self centered & wants a big bank balance & assets for himself.
    On the other hand Natalie is doing her best to keep peace & balance the finances. She sacrifices her own happiness and comforts.
    Which child or wife wants to go for a holiday & then do community work. I'm sure these kids are going to kick their father out of their lives once they are adults.

  • @africanqueenmo
    @africanqueenmo Před rokem +6

    A mum rIsing 4 kids alone has many random expenses. How can Travis expect to understand her need for money if hes deoloyed? Thats not fair on Natalie. As a mum I have random expenses abd cost of living is affecting all our bydgets dauly. He should stiop coin counting and make more money.

  • @wayofliving365
    @wayofliving365 Před rokem

    Hi Ram this is Sagar. I started watching your show on the release date and continuously watched 4 episodes. I will watch all your episodes. I am a big fan of you

  • @emilyorton6304
    @emilyorton6304 Před rokem

    omg!! Congratulations on the Netflix news!

  • @bryce3323
    @bryce3323 Před rokem +31

    Congrats on Netflix! Look forward to watching. This episode was awesome. Very cool hearing from a military couple. I can definitely relate to wanting 30k in gold under my mattress in case the financial system collapses... One idea for Travis if you see this: totally respect the humanitarian energy but perhaps direct it to domestic causes. Volunteer tourism typically does more harm than good and often the people in countries we consider poor don't actually want our help.

    • @mdbarton1979
      @mdbarton1979 Před rokem

      I don't think he would fit into the "volunteer tourist" category. As a marine, he'd have amazing skills to share after natural disasters, in war-torn countries, etc. He's not just a random Joe looking for a cheap way to travel.

    • @bryce3323
      @bryce3323 Před rokem +9

      @@mdbarton1979 That's true but he mentioned Mexico, Thailand, and Indonesia, all of which are major tourist destinations. I've traveled through Mexico and Thailand and can say they have wealthy, middle class, and poor people just like the US. It's actually ironic because a lot of the Americans you meet in those countries are poorer than the locals. He doesn't need to seek out poor people to help in countries like that when there are plenty in his backyard.

    • @iskarmareal
      @iskarmareal Před rokem +5

      @@bryce3323yes 100% so glad someone said this. I’ve also always felt it was weird to take your kids to show them the poor in another country as if those poor people are some kind of way to build self improvement in the rich. It’s weird.

    • @mygoodlife204
      @mygoodlife204 Před rokem +7

      @@bryce3323 I think its called "white saviour" complex

    • @Daveyjonesvi
      @Daveyjonesvi Před 10 měsíci

      @@mygoodlife204very much white savior complex

  • @avonchapman7131
    @avonchapman7131 Před 10 měsíci +2

    great show. very informative