A short advice video (Ramit Sethi) urging viewers to identify or imagine a financial role model to guide money decisions. The speaker notes over half of people lack such a role model and recommends using imagined figures (TV characters, public figures, or the speaker) as a decision heuristic for purchases, vacations, and investments.
Who is your financial role model? Who do you know that's good with money? You know a surprising amount of people. Over 50% of people I ask this question to do not have an answer. They actually go I don't really have anyone who's a role model in my life when it comes to money. If you don't know anyone who's good with money, then it's no surprise that you struggle with it yourself. We are the product of the people around us and I'm going to give you a little tip here. If you don't have a financial role model, someone who inspires you, someone who's good with money, then make one up. Think about a TV character. Think about somebody from a Think about me. Think about whoever it is that you think would be good with money. And when you're facing these big decisions, should I buy this car? Should I go on this vacation? Should I make this investment? Ask yourself what would they do.
