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

You cannot keep spending at this rate. #overspending #getoutofdebt #debt #debtfree

31 Jan 2023 · 0 min

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0:20

YouTube video by Ramit Sethi warning that a high velocity of spending can produce severe long-term debt. In this clip he states that if the current spending velocity continued for the next 18 months the person would be "in hundreds of thousands of dollars of debt," and at prevailing interest rates would be "stuck there for the next 35 years."

Questions this video answers

18 months.

35 years.

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