Ramit Sethi explains how to build a rich life by answering three questions: what do you want money to enable you to do in the next three years? Writing down your specific vision makes saving feel purposeful instead of like deprivation.
This is powerful for you because when you have a crystal clear vision of your rich life, saving for it doesn't feel like punishment. Before 30. I want you to sit down and actually imagine what your rich life looks like. Version 1.0 doesn't have to be perfect. I just want you to get a snapshot for the next one to three years. Maybe your rich life includes taking a two week trip to Italy. Maybe it's upgrading to an apartment where you have your own washer and dryer. Or maybe it's simply being able to buy the newest laptop with the most amount of storage space. Doesn't matter to me how big or how small your rich life is. What matters is that it is real for you. You're not actually depriving yourself. Instead, it feels exciting. Suddenly every dollar you save has a purpose. It's getting you closer to this beautiful, vivid vision. So grab a notebook tonight and write down three things that money would allow you to do in the next three years. And don't censor yourself. Don't worry if it sounds silly or small. Don't. That's Your Rich Life 1.0. Once you have it on paper, you've got your why. And with a why, a really powerful why, every financial decision you make gets easier.
