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Ep. 89 - Ramit Sethi on Navigating Finances During Challenging Times Part 1

Overview

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Ep. 89 - Ramit Sethi on Navigating Finances During Challenging Times Part 1

EXPANDED Podcast by To Be Magnetic™

2020/04/03
EXPANDED Podcast by To Be Magnetic™

EXPANDED Podcast by To Be Magnetic™

2020/04/03
OverviewShownoteHighlightsTranscriptChaptersPins

Shownote

“We play with the cards we’re dealt, but after you have that plan and you’ve made the best of what you can, then the question is, ‘What’s next? What am I gonna come out of this with.” - Ramit “There’s a limit to how much you can cut. That’s the case alway...

Highlights

In this episode, personal finance expert Ramit Sethi joins Lacy Phillips to explore the psychology of money, especially during times of crisis. They discuss how our upbringing shapes our financial beliefs and offer practical strategies for navigating economic uncertainty, focusing on shifting from a scarcity mindset to one of abundance and opportunity.
00:02
Inner work over spiritual bypass
18:35
My money is good money.
21:14
My money is good money.
46:06
Investing when markets drop is like buying shares at a discount
48:56
Market drops are buying opportunities.

Chapters

Beyond Spiritual Bypass: Doing the Inner Work During Quarantine
00:00
From Chalk Lines to Cash: How Our Childhood Money Stories Shape Us
13:11
Building a Financial Fortress: Emergency Funds and Negotiating in a Crisis
21:14
From Defensive to Offensive: Proactive Generosity and Finding Opportunity
40:42
The Power of a Plan: Breaking the Paycheck-to-Paycheck Cycle and Investing for the Future
48:56

Transcript

Ramit Sethi: I can show you all the best tactics in the world. But if you don't believe you are worth it, or you deserve it, then the words will go in one ear and out another. Lacy Phillips: Welcome to The Expanded Podcast with your host, Lacy Phillips. A...