Maximal Ep. 388 | Money Clutter (Video) (Patreon)

The Minimalists speak with financial expert Ramit Sethi about wealth, money clutter, investing with a minimalist mindset, how much money is enough, how to start learning about personal finance, timeless money principles, inflation, saving for retirement, and much more!

Discussed in this episode:

Why do minimalists invest if they already have what they need? (01:44)

How do we determine our rich life? (05:19)

How much money does anyone actually need? (17:06)

How does confidence contribute to personal finance? (20:14)

What two things should we focus on regarding money management? (21:22)

What are “invisible scripts”? (22:20)

What unbiased resources do you recommend for financial education? (29:27)

How helpful is automation for personal investing? (30:37)

What financial scams should we be aware of? (31:31)

Why is “timing the market” pointless? (36:18)

What are your perspectives regarding whole life insurance? (37:34)

What is the difference between the cost of living now and when I Will Teach You to Be Rich was released? (39:58)

What is a viable alternative to budgets? (43:13)

What is “TCO”? (44:08)

How can “cutting back” be counterproductive? (45:01)

How crucial is generosity when considering our expenditures? (51:56)

What is the difference between an adult and a child mindset regarding money? (53:05)

How do we save adequately for retirement in a volatile economy? (55:33)

What are some false phrases regarding money? (56:20)

Are “digital advisors” as good as financial advisors for managing investment accounts? (1:06:03)

How do we find the ideal tax professional? (1:08:16)

What are the differences between a fiduciary and an advisor? (1:10:16)

What qualities make up a good financial advisor? (1:12:28)

What are some common financial myths? (1:14:11)

What do you think of commodities? (1:15:03)

Why are portfolios preferable to individual stocks? (1:17:24)

How does bitcoin stack up in your investments? (1:19:38)

Segment: Lightning Round (1:22:59)

If the opposite of love and hate is indifference, but I’m still mad, does that mean I’m still in love? (1:23:29)

Segment: Right Here, Right Now (1:28:36)

Do we need whole life insurance as an investment because of our high net worth? (1:34:20)

Listener comments and minimalism tips. (1:35:31)

Segment: Talkaboutables (1:37:26)

What issues do you have with Instagram ads? (1:37:26)

How could bitcoin destroy online advertising? (1:42:31)

What is “audience capture”? (1:55:58)

Segment: Sucky Ads (2:16:04)

Segment: Minimalist Home Tour (2:25:55)

How often should I adjust my investment portfolio? (2:29:29)

What are the differences between a day trader and an investor? (2:31:29)

Segment: Added Value (2:36:54)

Is there an unbiased resource on Jesus Christ? (2:51:54)

LINKS

Added Value: “Testify”

Book: Brand-Changing Day

Book: I Will Teach You to Be Rich

Book: I Will Teach You to Be Rich: The Journal

Book: Particles

Listen: Griffin House

Podcast: I Will Teach You to Be Rich

Podcast: Ramit Sethi

Podcast: Dr. Courtney Warren

Resources: The Minimalists

Subscribe: The Minimalists

Watch: How to Get Rich

Watch: Jesus Revolution

Watch: The Chosen

Website: Ramit Sethi

MAXIMS

A plan without a purpose is like a recipe without hunger.

One person’s enough might be too much for their neighbor.

The future is birthed from a series of nows.

Tactics often expire, but principles are timeless.

Everything that is easy today was once a struggle.

The desire for things is the problem, not the things themselves.

Anger is a symptom of broken expectations.

Hatred is merely love in disgust.

You are not in love—love is in you.

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