Ramit Sethi argues that obsessing over small transactions like Venmo payments won't build wealth. Focus instead on your savings rate and how much you invest. Real wealth comes from steady, consistent steps over time.
It's very difficult to live a rich life if you're venmoing receipts. It's just too small. I mean, you guys want to go travel to the mountains in different countries in different states, and in order to get to think at a bigger level, like, what is our savings rate? How much money are we investing together? I guess it would be like climbing. If you want to get up to the top, you got to start one steady step at a time. And when you get higher, you're not going back down. You don't want to look back down. You just keep going up. Same thing here. All right, Right now this is the first time I've ever used that metaphor with someone who actually knows how to climb. How did I do? You nailed it. That's good. Oh, my God. I'm turning into an outdoorsman today. Forget all this business. I'm coming to the mountains.
