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

Spending half a million on clothes?! Netflix reunion, Nathalie. Episode 95

7 May 2023 · 1 min

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Short excerpt from a Ramit Sethi YouTube episode ("Spending half a million on clothes?! Netflix reunion, Nathalie. Episode 95") in which Nathalie admits substantial annual spending on clothes—cited as around $500,000 overall with individual pieces up to ~$20,000 and multiple high-priced coats—and the hosts react. Ramit characterizes her language as using dissonance-reduction strategies (minimizing, relativizing, comparing to past worse behavior) to justify the spending.

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?
Yeah. How did you guess? You read my mind.
20K being.
The most expensive does not get you to 500k. Unless you bought, like, 150 pieces. Tell me the truth.
I mean, I bought like, eight coats.
Okay.
Okay.
That might get you there.
Yeah. And then, you know, a few more here and there. It just adds up. Really adds up.
Wow.
But I gotten better. I used to spend way more.
So just notice Natalie's phrases, which are very revealing. She knows that a half million dollars a year on clothes in one year is absurd. So how does she justify it? She uses lots of dissonance reduction techniques. She says it's not that bad. It could be worse. She says, I used to be bad, but I've gotten better. Yet another clever comparison to make herself feel better.