Ramit SethiRamit Sethi: The No-BS Guide to Living a Rich Life

Major red flag #redflags #bankaccounts #bankaccount #banking #bankofamerica #moneyadvice #money

8 Jan 2023 · 1 min

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Short excerpt from a Ramit Sethi video advising that logging into bank accounts daily is a 'major red flag' indicating obsession with small-dollar details, lack of a financial system, and playing defense rather than offense with money; promotes focusing on larger financial goals to 'live a rich life.'

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Logging into accounts every day is a major, major red flag. It tells me so much about someone. It tells me that someone is probably obsessed with $3 questions instead of $30,000 questions. It tells me they probably don't feel in control of their money, and it tells me they probably don't have a financial system, and instead they feel the need to micromanage every single thing all the time. People who log into their accounts every day are playing defense with their money, not offense. And to live a rich life, you have to play offense.