Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Ramit Sethi: How to Spend Without Guilt and Still Build Wealth | Finance | YAPClassic
09 Jan 2026
Chapter 1: What is the main topic discussed in this episode?
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Chapter 2: What early money lessons shaped Ramit Sethi's mindset?
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Chapter 3: How did Ramit Sethi define a 'Rich Life'?
Visit northwestregisteredagent.com slash yap free and start building something amazing. As always, you can find all of our incredible deals in the show notes or at youngandprofiting.com slash deals. Gap gang, what does it mean to live a truly rich life and how can we design a vision for one?
For too long, the financial world has told us the same story, save, save, save, and cut out the small pleasures.
Chapter 4: What are invisible money scripts and how do they affect us?
But my guest, Ramit Sethi, is here to smash those invisible money scripts and show us a completely different path to wealth and happiness. Ramit is a New York Times bestselling author and the host of the Netflix series, How to Get Rich. He believes that real wealth isn't about tracking every penny.
It's about spending extravagantly on the things that you genuinely love while cutting costs mercilessly on everything else you don't.
In this conversation, Ramit breaks down what a rich life really is, how to identify your unique money dials, and how to have confident, drama-free money conversations, whether you're negotiating a raise, investing for the future, or talking finances with your partner.
Chapter 5: How can couples communicate effectively about money?
So settle in, sit back, and enjoy this Yab Classic with Ramit Sethi. So Ramit, to kick us off, let's get to know you a little bit better. Your family is from India. Your parents immigrated to the States in the 70s. So your father was an engineer.
Chapter 6: What is the Conscious Spending Plan framework?
And being a first generation Indian, I have to assume that you grew up with a lot of unique perspectives around money. So tell me, what were your beliefs around money when you were growing up? Well, we had a family of six and my mom stayed home and my dad went to work. And so a lot of the beliefs about money were just absorbed from watching my parents. So for us, we didn't talk about frugality.
We lived it. And so one of the things I remember most, most vividly is we would eat out maybe once every six to eight weeks. And we only ate out when we had a coupon. We had a drawer full of coupons. And we would look at which coupon is still not expired. And it was usually a pizza place. And we would go there. And of course, we would only order what was on the coupon.
Chapter 7: How do Money Dials help prioritize spending on what you love?
We would never order appetizers, never enough drinks for everybody. Most people would get water. And that's how we grew up. And it was a great life. But as I got older, I looked back and I realized, wow, I learned a lot of things. I learned that we were not wealthy, which is totally fine, but we were not poor.
Chapter 8: What strategies can help in building wealth and finding your dream job?
I learned that my parents taught me, if you really want something, there's usually a way to get it. For example, when they taught me, look, be good enough to get into an elite college and the money will take care of itself. And that is exactly what happened.
They encouraged me, I applied, I got in, and then I applied to 65 different scholarships, which ended up paying my way through undergrad and grad school. There was luck involved, there was hard work involved, but most of all, there was a psychology involved of pushing myself. So I learned all those things, and those were really valuable.
I think later in life, I also learned that there are probably other ways to look at money that became the next chapter of my life. Yeah. And I definitely want to get into the mindset of money and the invisible scripts that we tell ourselves and learn from our parents. But first, let's continue on with your story.
And you mentioned something just a bit ago about this scholarship project that you did. When you got into Stanford, your parents couldn't afford to send you to school. So you took matters into your own hands. And I feel like this really displays your grit and your get shit done personality. So I'd love for you to really go in deep and tell us that story.
there's no way they could have afforded it. And they told us that openly. They're like, look, we don't have, like they laughed. You think we have money set aside for college? Yeah, right. And I do want to share this one story, which was so funny. One time we were all in our van and my parents needed to get like a money order or some sort of thing signed.
And so they went to the bank and they came back out of the bank laughing. And we're all like, why are you laughing? Like who comes out of a bank laughing? And they said that when they went in there, the bank told them, it'll cost like 30 bucks to give you this thing. Or if you have $10,000 in your account, we can waive the fee. And they were laughing like, who has $10,000 in their account?
It was laughable to them, right? It was like not even in the fathom of reality. So when it came to college, same thing applied. But my parents also taught me there's a way. There's lots of ways to get creative. They're really street smart. And so my mom and dad, it's unbelievable now that I think about it. They took me around to different career centers at different high schools.
Like for everybody listening, did you even know where your career center was in your high school? No. And then can you imagine your parents driving you to a rival high school and going into their library and being like, yeah, our son goes to that high school. And everyone's like, what's this guy doing here? And they're like, can you show them all your scholarships? My parents did that.
And what they were teaching me was, who cares if it's weird? Like their whole life was weird. They moved to a different country. So they didn't care. And they were like, we're going to help you pay for college. We don't have the money, but we're going to help you do it. And so I love systems. And I think this will come out through how I talk about money.
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