Ramit Sethi argues that real wealth is created through investing and emphasizes being aggressive and consistent with the percentage of income invested. He notes people often over-focus on small daily expenses instead of investment rate, recommends starting investing today even if not at 20% immediately, and advocates automating investments to ensure consistency.
We should remember that real wealth is created by investing. So it's a little ironic that most people agonize over the price of red onions for their entire life, but they don't actually think hard about the percentage of their income that they are investing. It's really important to be aggressive, especially if you're starting out a little later in life. Is it realistic that you watching this video right now are going to start suddenly investing 20% of your income? Probably not. It's like somebody going from sitting on the couch seven days a week to being like I'm going to run a marathon every single day. That's unlikely. However, what's the key lesson? The key lesson is if I want to run a marathon aka have a million dollars before 40, then I need to start investing aggressively today. And the key is consistency. Don't try to do it every month. Automate your investments so you don't even have to think about it.
