{"id":412288,"date":"2026-01-16T03:30:10","date_gmt":"2026-01-16T03:30:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/412288\/"},"modified":"2026-01-16T03:30:10","modified_gmt":"2026-01-16T03:30:10","slug":"buy-what-you-love-finance-guru-ramit-sethis-advice","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/412288\/","title":{"rendered":"Buy What You Love: Finance Guru Ramit Sethi\u2019s Advice"},"content":{"rendered":"

A self-made financial guru has shared his philosophy with Newsweek<\/a>, saying that those wanting to get rich need to envision what their rich life will look like.<\/p>\n

Ramit Sethi, author of the bestselling book I Will Teach You How to Be Rich and star of Netflix’s How to Get Rich, said he thinks \u201crich\u201d is a loaded word.<\/p>\n

\u201cWhen we think of rich, a lot of times we think of somebody sitting in the back of a limo or going on a yacht,\u201d Sethi told Newsweek Editor-in-Chief Jennifer H. Cunningham for Newsmakers<\/a> Impact. \u201cBut when I think about rich, rich could be picking up your kids from school every afternoon. It could be buying a beautiful cashmere coat. It could traveling for two or three months a year. Your rich life is yours and my rich life is mine and that’s the way it should be.\u201d<\/p>\n

Sethi said that he never asks clients how much they spend on coffee or eating out. Instead, he starts by finding out what their vision of a rich life is. That, he said, often stuns clients because they have never actually envisioned it.<\/p>\n

\"\"<\/p>\n

\u201cWe go to work, we come home, we spend money<\/a> maybe on delivery or our house or our car. And we don’t actually think to ourselves, what is this for? What is the purpose?\u201d he said.<\/p>\n

Living in a time when thousands of financial<\/a> content creators are vying for followers, and often admonishing them for spending on so-called luxuries, Sethi, who started talking about money more than 20 years ago, said he felt it was important for those seeking financial advice to not feel judged about their decisions.<\/p>\n

\u201cWe should be mindful of what we buy, but no amount of saving on avocado toast is going to allow a young person to buy a house,\u201d he said, explaining that there are structural problems, barriers, that are built into banking and the wider financial industry that need to be navigated.<\/p>\n

The wide-ranging conversation explored couples bringing their finances together, concerns around Buy Now, Pay Later offerings, and how money plays in to the male loneliness epidemic.<\/p>\n

\u201cI see it with money a lot. Younger men often who do not feel they have a sense of hope of being able to perhaps buy a house, perhaps be financially successful, they’re looking around saying, \u2018I’m never going to be able to do this,’\u201d Sethi said. \u201cThey often become involved in high-risk financial products, gambling, crypto, things where the likelihood of long-term success is probably low.\u201d<\/p>\n

Instead, he said he advises men to look at ways to grow their money without flashy apps or big risks\u2013even if the suggestion is that going without them is boring.<\/p>\n

\u201cLiving a rich life is not boring,” he said. “Living a rich life can mean I can eat out, I can splurge on my friends and family and loved ones. That’s not boring.\u201d<\/p>\n

\"\"<\/p>\n

In a polarized era, the center is dismissed as bland. At Newsweek, ours is different: The Courageous Center\u2014it’s not “both sides,” it’s sharp, challenging and alive with ideas. We follow facts, not factions. If that sounds like the kind of journalism you want to see thrive, we need you.<\/p>\n

When you become a Newsweek Member<\/a>, you support a mission to keep the center strong and vibrant.\u00a0Members enjoy:\u00a0Ad-free browsing, exclusive content and editor conversations.\u00a0Help keep the center courageous. Join today.<\/a><\/p>\n

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