Netflix Reunion with Nathalie—Where Are They Now?

Natalie.

Hi.

Bonjour. Hi, how are you?

Welcome to Rodeo.

Nice to meet you. Can I swing around?

Please come over. Wow.

All right.

Now, this is the car.

You like it? Oh, I love it. So we're here at Rodeo. All I know is that you wanted to meet here.

Why tell me?

Because this is my favorite place. I just love fashion. Growing up in Paris, I grew up with fashion. I definitely spend a minimum of a half a million a year in shopping. I believe money is meant to be spent. If I want to burn it, it's up to me, but I know. I don't think you can burn money. It's illegal. Okay. Take it back. No burning money.

Welcome to a very special, very surprising edition of the I will teach you to be rich podcast. Today you're hearing Natalie, who's one of my guests from my Netflix show, how to get rich. And this is a special follow up episode I just recorded to show you where she is now after the show. Now, I vividly remember meeting Natalie on Rodeo Drive. She came to pick me up in a Ferrari and she told me that she wanted to change her overspending habits. But along the way, I learned a lot of clues. Before me, she had fired financial advisors. She didn't really have a need to change. And that's why we ended in the last scene at the restaurant the way we did, with me telling her I was done working with her. Today is the first time we've spoken in a year.

Few minutes pass when I'm supposed to be talking to Natalie. She has not shown up. I'm going to text her and see if we're still talking. Yeah. She just wrote back. Yes. Natalie, how's it going? Good.

And you?

Good, good. It's nice to see you.

You too. Long time no see. Congratulations.

Thank you very much. Thank you very much. Appreciate it. Great to see you. Yeah. It's been a long time.

It's been a year.

Yeah. So I am so interested to catch up with you. First of all, you want to put the phone down so you can move around. How do you feel?

Yeah, I cannot put the phone down where I am, but it's okay. I can hold it.

Okay, cool.

If I get uncomfortable, I let you know.

Okay. Well, you sound good. Everything looks good. So fantastic. All right. So this is not the house that I visited, correct?

Yes.

You sold that.

I sold it.

You sold it. Okay. Congratulations. And where is this house located? Is it close by to the old one?

It's in Beverly Hills.

Oh, okay. Great, great, great. Is this the one you're renting for 8k a month?

Yeah, a little bit more. Eight and a half.

Got it. Okay, great. I have so much to catch up on with you. First of all, what have you heard about the show? What'd they tell you?

They tell me nothing. They just say Ramit has a show.

What do you mean, Ramit? Well, you're gonna be on the show.

It's all about Ramit.

Okay. So are you. Are you excited about the show? What?

Yeah, I'm very excited. I just hope I look good, that's all.

Okay, so let's catch up. If I were to say to you, where are you today versus when we first met? Give me a quick update on everything.

I mean, everything's great. I mean, I have no complaints. You know, everything's good. The house is gone. So that was a big, like, burden off my shoulder because it was, like, a very expensive, expensive house to run.

Yeah.

Although I miss it.

Yeah.

But with that money, I bought a house in Bali, and it's a very beautiful house and is making me money.

So you're renting it out?

Yeah. Yeah. Airbnb.

Okay. Well, I saw the pictures of it. It looks beautiful. I want to come back to that. So congratulations. You got the house in Bali and you're renting it out. Great.

Yeah.

Fill me in on the rest.

Like, quarters.

Talk to me about the rest of the money. So you. You had this house. I think it sold for, like, 2.2 million.

Yeah, 4 million.

4 million.

Yeah. But I had 2 million left. 2.2 left. Yeah.

Okay, so what'd you do with the money?

I blew it up. I went shopping.

No. Are you kidding?

No.

You.

Are you serious?

Yeah. Are you sitting down?

I'm sitting down, but I don't know if I'm sitting down low enough. What? Tell me.

I just decided to spend every penny and start from scratch.

Like. Like, start your wardrobe from scratch?

Yeah.

Okay, so what'd you get?

Everything and anything.

Wait, is this for real? Or, like, is there another camera crew around here right now? Is this actually happening?

It's happening. No. And then I thought of you, and I say, what would Ramit say?

And what would he say?

Go for it, Natalie.

What the fuck? What? Ramit would not say that. Ramit says that to some people. Not to everybody. Hold on. I have to read this because this is too funny. Natalie. Okay, so, you know, we sent you some paperwork to complete before you get on today's call.

Yeah.

Now, some people take this more seriously than others, so I was very excited to click into yours and take a look. Suspecting. Oh, I'll be very interested to see. Of course there's zero numbers in this csp. You just didn't bother. Okay, fine. All right. So you didn't fill that out.

Maybe I didn't get it.

No, you got it.

All right.

And then you had this. There's a. There's a comment you made. At first, I was more careful about shopping and saving, but then old habits came back. I go, what habits? And then now I understand. The shopping habits.

Yes. You know, it's a beautiful addiction. It's. At least I look in my closet and I have it.

So we met on Rodeo Drive. I still remember very vividly. That was great. And then you kind of took me around and showed me, you know, your favorite stores. When I saw your closet, that was. I mean, it's a. You have beautiful clothes. No doubt about it. When you moved into this place, did you get rid of any clothes?

So I got rid of a lot of clothes. But not the purses and shoes. Well, I did get rid of some shoes. I gave it to my housekeeper. I always give it to her on my stuff. Okay, but yeah, the closet, like the lucky thing in this house, the closet is three times the size as the other closet.

Your closet in this smaller place is three times the size as the other one. Wow, that's lucky.

I. So lucky.

All right, so how much did you spend on the clothes?

Oh, I bought everywhere. I mean, not particular store. I bought when I was in Bali. I went to Turkey. I bought in Turkey. I went to Paris, I bought in Paris. I mean, I bought a lot. How much did I spend? I don't know exactly, but not all the money. But the good news is I'm making money every month.

Well, we'll get to the making part. Hold on. I just want to know, like, what. What dimension are we in? Was it ten thousand? A hundred thousand? Half a mil? What? Is this a joke?

No, that's not a joke. It's not that bad.

Hold on. Half a million on clothes? Okay, break it down for me. How much was the most expensive piece?

Maybe 20,000.

Was it a coat?

Packets free with any element order. This is a great way to try all eight flavors. Get yours@drinkelement.com Ramit Try it totally risk free. If you don't like it, they will give you your money back. No questions asked. You have nothing to lose. This deal is only available through my link at Drink l m n t.com ramit r a m I T so.

I took this house it was horrible.

Oh, God. Did you renovate it?

Oh, no, I did renovate it.

How much did you spend on that?

So I spent 100k. My landlord was like, I never had a tenant like you.

Yeah, hold on, Natalie. Just. Just a second. You spent 100k renovating a place that you're renting?

Yes.

Okay. I don't mind renovating a place that you rent. I don't even mind it. I. When I lived in New York, I did a couple renovations here and there. Not 100k, but. All right, so you spent 500k on the clothes, and you're not kidding about that.

No.

Okay. 500 plus 600 plus 100. That's 600. What else? How much was all that travel? Because you had some nice videos from Morocco and stuff. Yeah.

Oh, yeah, I forgot you. That was before. Yeah. Well, we did the wedding in Morocco.

Oh, yeah. Congratulations.

Yeah. That's awesome.

Okay. It looks beautiful.

Yeah. It looked like a royal wedding.

Yeah.

But actually, we managed not to spend too much on the wedding. There was 200 people, eight outfits.

Whoa.

And then I paid for everybody to come on the trip, like, my kids. Okay. You know.

Okay. And, like, if you added all that up and, like, that wedding and the travel and then also all your travel. Okay. All right, so. So we have 500 plus 100 plus, let's just say another hundred just to, you know. Yeah, 700. Okay. What else? Big stuff. In the last year, you get a new car?

Actually, I got three new cars.

No, you did not. Now.

Yeah, because. No, but wait.

Tell me.

All right. I mean, like, I didn't get a Bentley yet. I'm planning on it, but I got basically, like, three BMWs.

Why three? And also why BMWs, for that matter? Why'd you get that?

Because. Well, I wanted a great deal, so I thought if I buy all three from the same dealer, I'll get a better deal. And they're not all mine, so I bought one for me, one for my son, and one for my other son.

This almost sounds fake, but I promise you it's not. I met Natalie. I went to her house. I met her daughter. There are actually people who spend money like this.

And so. All right, so you spent, like, let's just say, 750,000 of the 2 million. And with the other million or so, you bought that place in Bali, Is that right?

Yeah, €500,000.

Wow. So you got a lot of money left over. What'd you do with the rest of it?

Well, it's in my. In my investment account. And I make.

You're paying that quack. I know you're paying him like 1.5%.

That's yes, my bestie.

Yeah. Which I love that.

You know, on this we don't agree.

I know you love getting robbed every month, but, you know, we each treat our money differently. Some of us don't like to have somebody reach into our pocket and rob us every single month with a big smile. Some of us don't mind. Okay. You know, to each her own.

I love it. I feel when you give to the university, gives back. Plus, he knows what he's doing. I don't know what I'm doing in finance, so.

Well, we can agree on that.

Natalie makes $8,000 a month from her investment account that a guy who's probably named chet manages and $8,000 a month from her Airbnb. I pulled out the calculator just to make the point again, reminding her that she's paying this financial Advisor who manages $1.2 million for her, which costs her $141,000 over 10 years and $375,000 over 30 years. These are totally unnecessary fees. This episode is sponsored by Babbel. Back when I was in high school, I studied Spanish and I liked it. I got really good at it. I skipped Spanish too. I enjoyed it. But when I went to college, I sort of lost my skills. They deteriorated. And I remember a few years after college, I went to Mexico and actually had a great time there. We were walking this small town. Nobody really spoke English. Where we were had to bust out my old Spanish. And it wasn't great, but at least it got the job done. I could communicate in very basic terms. I could figure out where we needed to go. And I remember thinking, this feels really cool. It's really cool to be able to connect with by speaking the language, even if I'm not great at it. Now, thanks to Babbel, the language learning app that sold more than 10 million subscriptions, there's an addictively fun and easy way to learn a new language. So whether you're traveling abroad like me, or you're connecting in a deeper way with family, or you just have some free time, Babbel teaches bite sized language lessons that you'll actually use in the real world. Babbel's 15 minute lessons make it the perfect way to learn a new language on the go. With Babbel, you can choose from 14 different languages, including Spanish, French, Italian and German. Plus, Babbel helps you to improve your pronunciation and accent. And there are so Many ways you can learn with Babbel. One of the things I love is that you can actually work on your language by listening to a podcast. There's a crime podcast where you can listen and try to uncover clues. And if you're on on the treadmill or you're just walking outside, perfect way to learn a language as you are outside doing whatever you normally do. The podcasts, by the way, are organized by skill level. It's a fun way to learn Spanish or any other language using Babel's different tools that they have.

Like I said, they've got podcasts.

They've also got games, videos, stories, even live classes. Plus it comes with a 20 day money back guarantee. Right now, when you purchase a three month Babel subscription, you'll also get an additional three months for free. That's six months for the price of three. Just go to Babbel.com and use promo code RAMIT. That's B-A-B-B-E-L.com code RAMIT R A M.

I T. That's 30 years. That's nothing. That's a gift.

It's a gift to him, that's for sure, and his dumb company. But okay, over 10 years you're paying 141,000. How do you feel about that? Well, I'm a nice guy. I'm nice and telling you just the facts as I'm reading them here. Just think about how many BMWs you could lease for that price.

Think how much money I could lose if I did it on my own.

Okay, so just so I get the Numbers, you have 26,000amonth still coming in, correct?

Yeah.

Okay. Plus 8,000 in investment returns per month. Plus approximately 8,000 from the Airbnb.

Yes.

Okay, so that's more than you were making when we worked together, correct?

Yes.

Okay, that's a lot more money. Like 16,000amonth more than you were making. So what are you doing with the extra money now?

Shopping.

Okay, Rodeo, what else?

Anywhere. It could be like online, there's always something to buy.

Do you care about the fact that you are shopping more than ever?

No, I don't. As long as I can afford it, I really don't.

Okay.

It makes me happy. I mean, yeah, nothing else makes me happy.

Okay, and when you say I can afford it, what does that mean? How do you decide if you can afford something?

I mean, I see the bills and I see how much I have left every month and I see what I can buy and what I cannot buy. But I must say, my Habit of shopping is not as bad as it used to be.

What do you mean? You spent half a million dollars in one year.

It's not that bad. Oh, and I had a facelift.

Oh, okay. All right. Great. It's great. I mean, did you do that here or did you go abroad?

No. So here they wanted 200,000 for a facelift?

For the facelift. Wait, what?

Yes.

So you said. You said, listen, I'll buy $500,000 worth of clothes, no problem. But that price for a facelift is outrageous.

Outrageous. I prefer to spend it on a Birkin bag than a facelift.

Okay, so how much did you end up paying for this?

18. 500. And I had the best facelift in the world. You know, I'm just. I just realized, you know, like, a lot of people have different addiction, and I just realized, come to term, that I love beautiful things. It makes me feel good, and why not? It's not a toxic thing. I'm not using substances. It's just, like, clothes.

Here's the key. Natalie makes $26,000 a month from child support. That amount right there subsidizes her entire worldview with money. And like all people who have been subsidized in one way or another by a spouse or by parents or by an inheritance, this subsidy can produce a very unrealistic view of money. Not always, but sometimes.

I want to ask you some questions about the show. Okay. What surprised you about working together with me?

It was a good experience. I think driving with the Ferrari on Rodeo was fun.

That was cool.

That was cool. And then, Yeah, I mean, like, I realized, like, by my daughter talking, that she had a little bit of problem of me spending that much I never realized before.

Really?

Yeah.

So what do you remember about that moment? Because I remember it vividly. That was the last time we talked about. Okay, tell everybody what happened.

So we get there, and then, like, you were talking to her about how I'm giving too much money to my financial advisor. And then I realized that it was bothering her that I was spending that much. Like, she never voiced it out. It's just. I think he was bothering her not because I was spending, but she just wants to make sure I don't end up broke, which she knows I don't. And now she realizes, like, that I always know how to make money some way or another.

Okay. So I remember that because we had talked a lot, right. Over a long period of time, and I think we made some progress. Initially, you were planning to open another restaurant. Then I remember we Talked on the phone, and you decided not to do it. Things got really expensive. I thought that was a great decision. And then. Then I discovered that you sold your house without talking to me at all. It's your house, your money, but okay. And then you did not want to switch away from the financial advisor. So I have to tell you, I was shocked. I was shocked that that was your reaction, and I was shocked that I was showing you, look, this money is literally being taken out of your pocket with no benefit. In fact, you're actually getting worse results.

And that was why I said, you.

Know what, Natalie, I wish you the best, but we are done.

Yes.

Did that surprise you?

No. Yeah, I can handle it.

Yeah.

You know, and all you guys at the show, you ramit as well. You know, even if we had we didn't see eye to eyes on some stuff, we still had a good connection, and it was a very nice experience. You know, I'm a stubborn person, and I always do what I want. I could take advice. I appreciate it. A kind thank you. You know, appreciate. I don't get offended by it, but at the end of the day, I'm gonna do me and what I feel is right in my heart, and I always go with my gut feeling, and what my gut feeling says never lies to me.

Good. I'm glad to hear that. Regardless of what anybody chooses, because different people do different things with their money. It's their money. It's their rich life. It's not mine. My job is to show them different ways of looking at money and life, and ultimately, it's up to them. So I respect that you chose.