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

Why money SHOULD change people

27 Jul 2024 · 1 min

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Ramit Sethi argues that money should and will change people in positive, deliberate ways: it should expand what you can dream about, let you remove or delegate tasks that don’t add value, and enable choices aligned with your values. He pushes back against the disparaging view that wealth inevitably leads to frivolous spending, framing that worry as a lack of trust in oneself. He uses a personal anecdote—buying a four-door Honda Accord after college—to illustrate that increased income need not produce reckless behavior.

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Money changes people. And listen to how people say that money changes people. Such a disparaging tone. You know what? Of course money changes people. It should change people. It should make you be able to dream bigger than you ever thought. It should make you be able to take something that you didn't enjoy doing or doesn't add value and remove it from your life or delegate it from your life or simply make it go away. But the common perception is that if I made a million dollars I'm going to start blowing it on this and that and that doesn't have to happen. That reveals a profound lack of tr. Trust in yourself. If I made 10 times more than what I make today, it's not like I'm gonna go blow it on a bunch of Ferraris that I don't care about. I bought a four door Honda Accord when I graduated from college. Like I'm a sensible Indian dude. I knew that if I made more money I would be able to dial into the things that value.