A short recorded conversation (April 26, 2023) featuring Ramit Sethi and others discussing the misconception that higher income will solve money-related anxieties. Ramit argues that earning substantially more rarely changes people’s financial feelings and that many wealthy individuals continue to worry over small expenses.
Correct me if I'm wrong, but if you make an extra $10,000 a month, are you going to magically feel better about money?
I guess I can't say for. For sure, but it would definitely help.
Well, I can tell you for sure the answer is no. I talk to people all the time. You listen to all these people. They have millions of dollars. They come on here agonizing over blueberries. I go, what the is happening right now?
And they go, but you don't understand. I need to maximize my yield. That's why I get in the car and drive an extra four miles for gas.
I'm gonna kill you. But we all believe that if we just have $10,000, $50,000, $5 million more, suddenly we will feel differently about money. Does it ever happen? Almost never. Do we all think we're the exception? Always.
