#184: Analyzing the gurus: Ramit Sethi
We began a new series about analyzing the gurus! We’ll be spending time discussing several big personal finance names, their recommendations, and why we do or do not agree with those. Josh and Emily discuss Ramit Sethi, his philosophy of a “rich life,” his “conscious spending plan,” and his take on investing.
Top takeaways:
- Broad-based percentage-based structures just don’t work for everyone.
- The emphasis on a rich life and guilt-free spending can lead to people to focus on necessities and fun money at the expense of savings.
- Automation can be great as long as you reevaluate and adjust things over time.
- Houses are great hedges against inflation in retirement.
- Ramit’s rant against AUM and financial advisers just doesn’t make sense.
Related episodes:
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