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

Money doesn't solve all of your problems #money #financialfreedom #personalfinance

25 May 2023 · 1 min

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Ramit Sethi argues that increasing wealth does not eliminate all financial anxieties or behavioral problems. While money can solve basic practical issues (e.g., paying for necessities), psychological and habit-driven issues persist, so developing skills beyond accumulating wealth is necessary. He supports this with anecdotal examples of very wealthy people who still exhibit frugal behaviors.

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Even if you have a lot of money, all of your financial problems don't vanish. Sure, some of them do, like being able to pay for dinner or keep the roof over your head. But there are still legitimate problems. Just because you get more money, it doesn't mean all your problems are going to vanish. You've got to develop other skills. So please know if you feel nervous about money today, or anxious or fearful, you're still going to feel that way. If you have a million dollars. $5 million, $10 million. I literally cannot tell you how many millionaires I've spoken to who drive around town to save money on blueberries.