My $0 to $100k Playbook (full beginners guide)
Here’s something most people never do: actually calculate when they’ll have $100,000.
They worry about money. They cut back on random things. They tell themselves that a raise will fix everything. But they never sit down and run the numbers. In this special bonus episode, Ramit walks you through exactly what it takes to get to your first $100K. The math, the system, and the mindset shifts that actually move the needle.
He covers compound interest in a way that finally makes the numbers click, shows you the exact calculator he uses to find your personal $100K date, and walks through the six steps that build real wealth. He also names the four traps he sees people fall into again and again, even when they’re doing everything else right.
No guests. No debt breakdowns. Just Ramit and the numbers.
In this episode we uncover:
The myth that earning more will finally make you feel good about money and why it backfires
What $100K actually means for your life in practical terms
The compound interest chart that changes how you think about time and money
How to find the exact date you’ll hit $100K using a real calculator
The CEO system: What it means to cut, earn, and optimize, and how to do it without obsessing over every dollar
Why trying to save money never works as well as automating it
The six steps Ramit recommends and why the order matters
The 1% December rule and why it’s worth more than years of cutting expenses
Four traps that quietly kill momentum: get rich quick schemes, toxic frugality, “I missed my chance” thinking, and the optimization spiral
Live Q&A: should I pay off debt or invest? How do I handle irregular income? What do I do with a Roth IRA stuck in Primerica?
Chapters:
(00:00:00) Introduction: your money map to $100K
(00:01:24) The big delusion: “If I just earned more, I’d be rich”
(00:06:04) What $100K actually means and why it matters
(00:07:13) The compound interest math most people never look at
(00:15:12) Finding your exact date: the $100K calculator live
(00:19:57) The six steps and why sequence matters
(00:20:22) Step 1: Kill high-interest debt
(00:22:28) Step 2: The CEO system: cut, earn, and optimize
(00:29:50) Step 3: Build your financial moat
(00:33:13) Step 4: Where real wealth is actually created
(00:34:25) Step 5: Build the right environment
(00:38:34) Step 6: Play offense and delete your budgeting app
(00:41:22) Four traps that quietly destroy your momentum
(00:45:29) Q&A: debt vs investing, irregular income, Roth IRA transfers, and FIRE
If you or your partner get stressed spending $150 on dinner, or are covering up spending, I’d like to help. Apply to be coached for free on this podcast at iwt.com/apply
Transcript
[00:00:00] Ramit: Hey, it’s for me coming to you live from Japan. My wife and I are living our rich life here in Tokyo right now, and today I wanted to give you something from behind the scenes of my money coaching program. So please enjoy this exclusive program that I recorded for my members called How to Map Your Way to a hundred K.
[00:00:17] And if you enjoy this, you can find much more including live events at iwt.com/money Coaching. Welcome everybody. I’m Ramit sat and we have a very, very. Fun topic. We are gonna talk about your money map to 100 k. We are going to talk specifics. I’m gonna give you some numbers. I’m gonna give you a new way of looking at money.
[00:00:39] I actually really like when you get specific. When you tell me not just how much money you want, but why, what does it mean to you? I remember early on in my early twenties, being able to get in a taxi and not have to stand in the heat of a subway in New York was a rich life to me. What is that? 10, 15 [00:01:00] bucks?
[00:01:00] But it felt incredibly amazing. I think that having num numerical goals is really powerful, but I think it’s even more powerful to have a very specific vision. Like I could feel that sweat on the back of my back and just. Ugh, I don’t want that. I wanna sit with the air blowing on me in an August summer day in New York City.
[00:01:22] That feels rich. So that’s the kind of thing that we’re talking about. I like the vision, uh, but I also wanna talk about some freaking big numbers. What do y’all think? I’m not gonna sit around here singing Kumbaya to all of you. We’re gonna be talking specifics. Lemme show you what we’re covering tonight.
[00:01:36] Let’s just get into it. Nobody wants to do a joint affirmation with me. Ramit Seti. It’s going to be okay. We’re not doing that. Alright, here we go. Welcome to your money map to 100 k. I love this topic, especially because we get to start off with one of my favorite things of all your delusions. Tell me if this sounds familiar.
[00:01:59] If [00:02:00] I just earned more, I would be rich. How many people here have said that? Well, you’re wrong. I mean, it would be nice, that’s for sure. But there’s a common delusion that if I just earned 500 more, 5,000 more, 500,000 more, that finally I would feel good about my money. It’s very common, right? A lot of people going like, what’s the problem?
[00:02:25] The problem is that that’s not how it really works, and most people chase this idea of a specific number, but it doesn’t actually. Change the way they feel about money. And I think this is important to note because if you think that you are going to feel better about money and your money problems are just going to disappear just by having a little bit more of it, you’re actually doomed.
[00:02:48] You’re gonna be working you’re entire life towards a goal that’s not actually real. So I want to just disabuse you of that right now. And in fact, I wanna tell you the problem is not just how much you earn, [00:03:00] although earning does matter a lot. One thing the personal finance world doesn’t really tell you is that many money problems are actually solved by just increasing your income.
[00:03:08] Not all, but many. But lemme show you why this myth is so dangerous. Let’s take a look. First of all, as I said, earning more does not magically solve your money problems. Next up, when you earn more, there are a lot more opportunities to spend money. And finally, if you don’t have the right systems at 50 K, you definitely won’t at 500 K.
[00:03:26] What do y’all think of that? In fact, can you tell me an answer to number two? Can you think of an example where as you started to earn more money, there were actually more opportunities to spend it? You know what I, my message to you is I’m not gonna sit here and tell you, uh, the more you earn, you should not spend any of it.
[00:03:43] Just lock it all away. You’ve heard people in the finance world tell you that, right? It’s called, uh, avoiding lifestyle creep. If you double your income, don’t increase your spending 1 cent. No thank you. That’s not my philosophy. I actually think as you earn more, you should spend more. That’s the point. The point isn’t [00:04:00] to simply earn more, bust your butt work really hard and not do anything with it except invest and wait until you’re 92 years old.
[00:04:05] That’s not the point. But you should also pro. Probably increase your investments in savings. Alright, so I want you to understand not simply black or white. Oh my gosh, spending is bad. We’re not gonna do that. No, I want you to have a healthy relationship with money. In my experience, the vast majority of people, especially in America, have an unhealthy relationship with money.
[00:04:25] I’ll give you some examples. For example, they think that spending is bad and not spending money is good. That’s the equivalent of saying like, chocolate cake is bad. Not eating chocolate cake is good. Do you understand that? When taken to its logical extreme, what that happens in the food world, that’s not a healthy relationship with money or with food.
[00:04:45] We can’t simply classify certain things as good or bad, especially when we don’t even know why life is full of opportunities for chocolate cake. I had a publisher lunch today. You think I’m gonna sit there? Oh, I’m not going to eat this because it’s so bad. No, I had a little bit of everything. I trusted myself.
[00:04:59] I [00:05:00] know what’s right for me. I was able to say yes and no to certain things. That is the ease with which I want you to be able to handle money. Somebody says, Hey, can you fly to Vegas? We’re gonna have a birthday party. Maybe you can, maybe not you. You know your numbers. You can confidently say, I’d love to be there.
[00:05:17] I can’t wait. Or, you know what? I’d love to be there, but. Unfortunately, I can’t afford it, but I’d love to send a gift. It’s not this super, um, toxic relationship with money and I want, part of what we’re gonna cover today is improving your relationship, not only through the psychology, but through the numbers as well.
[00:05:33] So $100,000. What words come to mind when you think of having $100,000 of net worth? If you see the number 100,000 and your first response is not enough or something negative about yourself, you’re probably not gonna get there. You’re probably gonna self-sabotage yourself because it is very difficult to achieve something big if you hate the destination.
[00:05:57] For me, what does 100 [00:06:00] K mean? 100 K means you can say, maybe I can’t work overtime this weekend, even though the boss asked me to. I’m just gonna be firm. It means you can splurge on a birthday gift. It means that you have a fat emergency fund in case something bad happens, such as a layoff or elderly person in your family becoming ill.
[00:06:19] Whatever the case, whatever emergency you can breathe, this is the first taste of financial freedom and I think it’s really powerful. That’s really what we’re building towards tonight, and I want to talk a little bit about the. The, the details underneath this number. So let’s talk about how compound interest works.
[00:06:39] Okay. The first a hundred K is challenging, but it gets easier over time, especially when you have that number. It’s on your side. It’s like, kind of like you have this amazing tool in your tool belt. And why is that the case? Has anyone actually looked at the math of compounding what you, y’all don’t do this?[00:07:00]
[00:07:00] For fun on Friday nights. No. How about for the first time ever, we talk about the math behind the thing that you spend like 10 hours a day worrying about. How about that? How about we take a look at some actual numbers instead of just worrying for the next 55 years, but never actually opening a single personal finance book?
[00:07:18] How about that? I don’t even, you don’t even need to read the book tonight. Okay. But lemme show you some math. I actually love this compound interest. So here’s the principle I’m gonna show you, and we’re gonna go through it methodically. I’m gonna take you step by step, ’cause I want you to understand this.
[00:07:31] And whether it’s a hundred K, a million dollars, 5 million, the same principles apply. So adapt this for your own needs. Watch this early on. When you are on your journey to 100 K, all of your growth comes from you putting the money into investments. Like literally, you got it from your paycheck, you invested it.
[00:07:50] That’s. You invested 500. Now you have 500 bucks. You’re doing the heavy lifting, but over time, it’s this compound interest that [00:08:00] lifts your investments and carries them like the wind. It’s a really beautiful thing and I want to actually illustrate the math. You’ll get to a hundred KA lot faster than you think, and the math here is quite counterintuitive.
[00:08:15] It’s not a magic trick, it’s just math. Let’s take a look. So let’s say that you contribute $600 per month. Okay? And let’s say that you receive a 7%. Annual return, which is, I consider that a conservative return. It’s pretty straightforward. We’re already accounting for inflation and that’s sort of the typical what we can expect over time in the s and p 500.
[00:08:42] Now watch what happens each year as this compounds. It’s quite interesting. Let’s look at year one. Alright, so take a look at this chart. Year one, we have a total balance at the end of about 7,400 bucks. That kind of intuitively makes sense. You put $600 a month in there, multiply by 10, [00:09:00] that’s you know, 6,000.
[00:09:01] And then you have another like 1200 bucks or so with a little bit of interest. So you put $7,201 in. That’s the principle. You made $235 and 62 cents in interest. Alright, so first of all, are you excited by that interest amount? Yeah, I’m not either. It sucks. 235 bucks. Half of you could find that in your couch cushions right now.
[00:09:25] Let’s be honest. Okay? We don’t, we don’t need to pretend to be excited by this amount, but I, but I am interested in the trajectory. Out of $7,400. I manually, or I contributed $7,200 of that. The vast majority. Let’s take a look. What happens as time goes on. Here we are in year five. Now your balance is approximately $43,000.
[00:09:49] Now look at this. I have contributed $36,000 myself, but the interest is almost $7,000. It’s nice, right? [00:10:00] So 7,000 bucks over five years. That’s cool. But like, if we really break it down, seven, let’s just say it’s just to make the math easy. $5,000 over five years, that’s about, you know, a thousand bucks. Or, or, or just to simplify, it’s about a hundred bucks a month in interest.
[00:10:17] Ah, it’s fine. It’s not gonna change my life. But what do you notice? The trajectory is really starting to kick in. Shall we keep going? ’cause the math becomes extremely powerful. Watch this year 10, we now have $103,000. $72,000. I contributed $31,000 in interest. Almost half. Of the value, or let me put it another way.
[00:10:41] Interest is now representing half of what I contributed. This is kind of interesting. Year 10. Keep in mind, I have not increased my contributions whatsoever. It’s the same amount going in. In fact, I’m not even doing this manually. It’s all happening automatic. I’m not even thinking about this. Let’s keep going.
[00:10:58] This is where it gets really [00:11:00] interesting. Pay close attention. In fact, lean forward to your freaking screen so you can see these. Look at this year, 19. Holy. I contributed $136,000. Automatically. I didn’t even notice the money was going, but now the interest is $147,000. The interest is now bigger than the amount that I contributed.
[00:11:20] Do you understand what the hell is going on here right now? What do I notice about this? I notice that. By this point in year 19, my investment returns now eclipse how much I have contributed myself. Do you understand? That means that the money that I started investing, which started with a poultry $235 of returns, is now $147,000, and it’s still growing.
[00:11:50] At a certain point, you make more from your investments than you make in your entire salary. And that is an amazing, amazing point to be in. [00:12:00] So here we are at year 30. Now the amount I’ve contributed is $216,000, but the total investment return that I’ve accumulated, $515,000 for a total of $731,000. What do you notice about that curve?
[00:12:18] Look at the blue curve. It’s kind of linear, it’s steady, but look at that green curve. It’s going up and up. It’s almost vertical. As an example, I think the numbers Warren Buffet made 99% of his wealth after the age of 70. That is stunning. Now I know what’s happening in your, uh, a lot of people in your head going, I don’t have 30 years.
[00:12:43] Oh my gosh. Or somebody said, you need to double that for retirement though y’all are very good at coming up with reasons this won’t work for you. Huh? You really had a lot of practice telling yourself all the reasons that things won’t work in my business. I can’t help somebody who actually doesn’t want help.[00:13:00]
[00:13:00] They come in here, they have 10 excuses why something won’t work or, yeah, okay, that’s nice to have 731,000, but that’s not enough. They can’t even absorb the lesson. That’s not who I’m speaking to. I’m speaking to people who are going, holy, that’s amazing. I didn’t realize how powerful compound interest really is.
[00:13:21] A lot of folks wondering, must be nice. To contribute $600 a month must be nice. What do you say when people say, must be nice to you about something that you’ve accomplished? How do you respond to that? I go, it is? Yeah, it is. Guess what? I’ve been investing since I was 14 years old. It is nice. Now, most people do not start investing at the age of 14, but you could start at 25 or 30.
[00:13:46] Or 40 or 45 or even 50. We can keep going. The point is, it must be nice. Yeah, it is nice to build compound interest and to let it grow. And that is what I, that’s that kind of [00:14:00] energy that I want you to have, which is, yeah, it is nice. It’s nice that I bet on myself and I learned the skills of investing.
[00:14:06] That’s what we’re trying to get to now. These three words are gonna set you back a long time unless you learn to flip. It must be nice. I can’t do 600 bucks a month. Can I do 400? I can’t do 400 a month. Can I do one 50? Great. Let me get started there. That’s the way I want you to think about this. Now, I will tell you that most people truly never run their numbers.
[00:14:32] They just hope that it works out. We don’t run our numbers when it comes to the major purchases in our life. Buying a house is the primary example. Almost nobody runs the numbers before making that purchase. Almost nobody runs the numbers before buying a car. Uh, almost nobody runs the numbers when they pay a financial advisor and on and on, they do agonize over the price of cheesecake and pickles.
[00:14:56] Two totally irrelevant numbers that have no material difference [00:15:00] on your finances at all, but we actually ignore the, the biggest numbers in our finances of all. I don’t like it. I’d rather focus on five to 10 big wins, get ’em right, and then never have to worry about how much a rusted potato costs. What do y’all say?
[00:15:15] Or do y’all wanna spend the rest of your life tracking 47,000 different skews in a spreadsheet that can barely contain itself? Here’s my philosophy. If what you’re doing isn’t working, why don’t we do it my way? How about that? Let’s go that way. We’re gonna run some numbers. I’m gonna show you the exact date that you are going to have 100 k you ready?
[00:15:34] You can also adjust it to be 2 50, 500 k, a million, whatever. I’m gonna show you the day that you’re gonna actually have a hundred K in net worth. And then you’re gonna see what happens when you make small changes like a little bit more per month, or eliminating a little bit of debt. So for our initial deposit, let’s say that it’s $1.
[00:15:54] Okay. And this box is for what you have in [00:16:00] investments right now. So if you have a thousand bucks or zero, that’s also fine. Next up, we’re gonna change the five years to however many years until you are 65. So if you’re 40, it’s gonna be 25 years. Okay? Next up. For expected rate of return, what are we gonna put?
[00:16:19] You know the answer, seven. That already accounts for inflation, compound frequency. That’s fine. We can leave that. And let’s assume that enter how much you are investing every single month. So I’m gonna use 600, but I want you to be honest. If you are contributing zero, that’s okay. Just put zero. We’ll fix that.
[00:16:41] Okay? Scroll over the lines and find out what year. You have $100,000. In this example, you can see year 2035, I have a hundred thousand dollars. [00:17:00] Sometimes it is the simplest thing that lets you see you can take control of your money. This is math. This is math, and you can actually control these numbers.
[00:17:11] Look at your date. Really look at it. This is your map to a hundred thousand dollars. Most people will go their entire lives not knowing this date or this number. It’s not a fantasy anymore, it’s actually just math. And now that you have this timeline, you can actually control it. You can speed it up, you can slow it down.
[00:17:34] How about I show you how to do some of this stuff here? We have the same 30 year period on the left side. If we, uh, on the first row, if we contribute 600 bucks. By the end of that 30 years, we’ll have $731,000. That’s just 600 bucks automatically every single month. You’re not even logging in. It just happens for you automatically.
[00:17:52] You won’t even know the money’s gone. But let’s say you increase that just by a hundred dollars, $100 a month, you wouldn’t even know it. You wouldn’t miss it. [00:18:00] You would have over $120,000 more at the end of that time period. Just a hundred bucks a month, which you wouldn’t even notice is gone. Let’s say you increased that to a thousand bucks a month, you’d have $1.2 million almost double just from going from 600 to a thousand bucks.
[00:18:19] And if you went to 1500 bucks, that’s $1.8 million over 30 years. Time makes a big difference. Y’all know you’re losing tons of money every single day that you are not investing. Some of you are losing 20 bucks, 50 bucks, a hundred bucks, $200 a day, maybe more. It’s just lit. Lit on fire. You don’t know it.
[00:18:44] ’cause you go, how can I lose money that I never had? That’s lost money. You could have had it if you put this thing into effect, but you didn’t. You sat around, you lit the voice in the back of your head. You read Dave Ramsey. You didn’t do the things you needed to do to invest aggressively and in an automated fashion.[00:19:00]
[00:19:00] You spent your time calculating the price in ounces of snap peas. What a waste. On the other hand, now that we know these numbers, we can realize there’s a much bigger game to play here. Than most of us ever realize. We started talking about a hundred K. Now we’re looking at almost $2 million right here on screen.
[00:19:19] Time matters. Automation matters, but your freaking mindset also matters. No EO is allowed, but people who are optimistic, who are confident, the folks say, that’s why we’re here. While this is amazing, you have a very good chance at making this happen. This is the system that I designed that’s gonna get you faster.
[00:19:38] Progress. Six steps. These are not particularly complex. These are not secrets, but they work and they work in sequence and they work. If you take them seriously, I’m gonna show you all of them. I want to give you a caution, which is that most people are optimizing or focused on the wrong things. You know, I joke around about people, uh, [00:20:00] focusing on the price of freaking craft cheese.
[00:20:03] But it’s actually not a joke. Most of the ways that people spend their time, their focus when it comes to money, are not looking at things like this. These are the big, big wins and this is the kind of stuff I wanna talk to you about. Alright, you’re gonna do it differently. Let me walk you through the steps here.
[00:20:18] Step one is critical. If you. Skip this one. Nothing else gonna work. Step one, you have to kill high interest debt. I use the word kill on purpose. This step alone will put you ahead of many people that you know. High interest debt, I would define as anything over 8%, 7% or 8%, but certainly any credit card debt, anything above 10%, for sure.
[00:20:39] High interest debt as an example. Let’s look at what debt is costing you $10,000 of credit card debt at 27%. Versus a 7% investment over the same period of time, one year and nine months. Debt sets you back in time and money investments grow steadily. [00:21:00] 23% credit card interest debt is going to. Destroy your wealth faster than you can patch it up or out earn it.
[00:21:07] This is like wearing a 200 pound weighted vest while going for a run. It’s just impossible to get ahead. It’s just incredibly difficult to be wearing that. So the key here is to attack that debt aggressively, and once you pay it off, you suddenly free up all that money, which can now be rerouted largely towards investments, and you can bump those contributions up.
[00:21:27] Now, how many people here. Have high interest debt. Personal loans count, student loans count, credit card debt, always counts. All of it. I will tell you that one thing I’ve noticed about people in debt is they like to do everything except pay off their debt. They do the 0% balance transfer games, such a waste of time.
[00:21:46] They do all kinds of gimmicks. Should I do this? What if I do that, transfer this, do that. Why don’t you actually just create a debt payoff plan and then automatically pay that money every single month, stop messing around, pay that debt off. That’s why I [00:22:00] say pay it off aggressively. The same way that you just calculated exactly when you’ll have a hundred K and 500 k, you can do the exact same thing with a debt payoff calculator.
[00:22:08] In fact, you can search debt payoff calculator reit, and you’ll be taken to our debt. Payoff calculator. A lot of people in debt will do anything except face reality. So they play games and gimmicks. They rearrange chairs on the deck of the Titanic, but they don’t realize the only thing that matters is paying off your debt.
[00:22:24] Stop the games, pay off the debt, then we can move on to the next step, shall we? Step two. The CEO system, you are the CEO of your money. If you were a CEO of a company, how would you engage with your money? Would you log into your Bank of America app every single day? No. First of all, if you found out someone was using a Bank of America, you would fire them second.
[00:22:45] You certainly would not be logging in every day because why? Why would you do that? That means you’re a micromanager. Stop instead. Your de your job is to make a few very important decisions, the most important decisions of your financial life, [00:23:00] to make sure that things are structured correctly, and then you have a limited amount of daily involvement with them.
[00:23:08] That’s what the CE structure’s about. There’s three parts, cut, earn, and optimize. Let’s go through each of them. C for cut costs. Cut costs, merciless. The only things you don’t care about, but. Spend extravagantly on the things you do. Now, if your first reaction is to say, what if I care about everything Ramit, just stop typing right now.
[00:23:28] I already heard it a million times. It’s not funny. It actually is a sign of intellectual laziness. Instead, I wanna talk about the cutting cost part because I know you all have heard it. That’s all personal finances about in America. Whoa, stop spending money on aluminum foil. You’re such a bad person. Bad our religious overtones so bad.
[00:23:46] Stop it. Cutting costs. There’s a really good approach to do this, which is a lot. More focused if you use my conscious spending plan. Alright, then you will already have a section called guilt-Free Spending. [00:24:00] This is things like travel, eating out, et cetera. For most people, eating out is their biggest guilt-free expense.
[00:24:05] They do it regularly. My suggestion to you is you take your top two biggest guilt-free expenses, discretionary expenses, and you target cutting them down by 50% each over the course of six months. So for easy math, let’s say you’re spending a thousand dollars a month eating out, your goal is to go next month.
[00:24:23] Nine 50, then 900, 8 50, then back up to 900 ’cause you forgot you made a mistake, whatever, all the way down to 500 bucks a month and you’re gold. Do the same thing with another one. Suddenly you now have hundreds of dollars of extra cash every single month. This is a very powerful way to operate. You do not have to optimize the price or cut the cost of ketchup ’cause that’s irrelevant and pointless and it will be too hard to try to cut 5% on everything.
[00:24:51] You cut 50% on two things. Now you’ve generated hundreds of dollars right there. The strategy is covered in more detail in, I will teach you to be [00:25:00] rich, but that is how you do it. That’s quite powerful, don’t you think? To be able to just focus on two things, really get dialed in. If you have a spouse, bring them along with the journey and that’s it.
[00:25:10] Take that money and we’ll talk about what to do with it. But you could redirect it to investments. Boom. E, earn more. Yes. Earning more is a skill. It’s really important that we, that we think about it like that. Just having a higher income alone is not gonna make you rich, but it’s sure gonna help because instead of contributing 600 bucks a month for investments, you might be able to contribute a thousand or 2000 or 5,000.
[00:25:33] That’s a very, very powerful place to be. Earning more is a, it’s not just luck, it’s actually a skill that you can develop. I’m also not talking about filling out surveys for $3 an hour. That’s not my point. I’m talking about things like negotiating a raise. I’m talking about things like starting a side business, which we cover in earn one K.
[00:25:51] That’s helped a bunch of people earn a thousand dollars a month or, and much more. Now when you combine earning more with the cutting [00:26:00] costs, you’re attacking the problem from both ends. It’s quite powerful, quite powerful. And now the third part, which is optimize your spending. Let’s talk about optimizing for a second.
[00:26:10] So there’s a few things you can do. I actually just optimized something the other day. I did this through chat. I literally chatted with American Express and got a hundred thousand free uh, points, um, for sticking with the card. You can optimize by calling up a lot of your subscriptions. Think about your cable, think about your cell phone.
[00:26:29] They often have offers. This is a great time to be able to do that. And um, I think we’re gonna actually give some word for word scripts in our money coaching program on exactly who to call, what to say. Uh, sometimes you can just email them that’s optimizing your existing expenses. But there’s also more when it comes to that.
[00:26:47] It’s, it’s not just that, it’s also. The systems that you design, for example, how many people here say something like this, I should really try to save more money. I, I [00:27:00] spend too much. You’re actually attacking this problem in completely the wrong way. That’s like me saying I should really try to brush my teeth more.
[00:27:09] I just don’t, I, I, I should just try. I know it’s bad. You have the totally wrong approach. I should just try to hug my family more. But I don’t, you know that you shouldn’t be trying to save money at all. It should actually be completely automatic. You shouldn’t even be thinking about it. I think about this hair on my freaking left toe more than I do about saving money, and yet I do save a lot of money.
[00:27:35] Why is that? Because as CEO, I set up an automatic savings transfer, and I set it up years ago and it just goes. Why am I gonna sit there and think about it and try, y’all need to stop trying stuff that’s not working and actually use a system to make it happen. That’s effective. CEO management of your money.
[00:27:56] Same thing with investing, and also same thing with. [00:28:00] These laborious budgeting apps that you are using, stop it with the freaking daily logins. Not only is it not helping you get ahead, you’re actually playing small. You are actually limiting your field of vision to this tiny little app with these tiny little numbers and you’re, you’ve created a, a chess board on which you can win.
[00:28:22] But the chess board is just this tiny piece. It’s literally an app. This is the stuff that I think about. The big picture, the millions of dollars, the compound interest, the decades, not the freaking checking account. Do I have 200 or $207 in it? That’s the wrong question to be asking. You have a systems problem if you are logging in every day, but more importantly, don’t just cut it off.
[00:28:44] You need to have the systems backing up. This stuff. I’ll show you some systems. So here’s a system excerpted from my book, chapter five of I will Teach You to Be Rich where I go into detail. And here you can see that the salary you get paid money is automatically taken out to your 401k. The rest of the money goes to [00:29:00] your checking account.
[00:29:01] That money is then automatically, some money is transferred to your Roth IRA. Some money is also transferred to your savings account in which you have a breakdown of sub savings goals, like a wedding, a down payment, emergency fund, that kind of thing. Your credit card bill automatically is paid every single month from your checking account.
[00:29:18] That covers things like your streaming services, your gym, et cetera, and any miscellaneous bills that can’t be paid through a credit card like a utility bill or something like that that can be drawn straight from your checking account. What do you notice? This is how a CEO thinks we are not logging in every day.
[00:29:34] We set it up once. We could check it every six months. We can make adjustments as needed, but we are adjusting this. We’re not adjusting, uh, the price of a brown rice at Safeway. This is the way I want you to be thinking. This is gonna to help you get to a hundred K, 500 KA million, and far beyond. Step three, build your moat.
[00:29:53] Y’all need a moat. I went to Warren Buffett’s event in Omaha a few years ago and he said something [00:30:00] that I’ll never forget. He said, um, we have set up Berkshire, so we will never run out of money. That’s just, that’s it. He was just that confident. He said, we’re never gonna run outta money the way we’ve set it up.
[00:30:11] And I thought to myself, first of all, that’s very inspiring. That’s like pretty amazing. But why can’t we do the same thing for individuals? What if we actually made it a priority to create a moat around ourselves that would protect us from some of the things that come our way? Somebody getting sick, somebody losing a job, unexpected medical expense.
[00:30:31] What would that look like? Let’s take a look. These are some of the things that really catch people off guard. In my experience, your financial moat is six to 12 months of an emergency fund that specifically that covers living expenses. It doesn’t cover eating pizza five times a week. It doesn’t cover any of your guilt-free spending or savings or investments.
[00:30:54] It’s just your fixed costs. That’s why part of your system should be to use the conscious spending plan because you have all [00:31:00] your expenses laid out. Disaster hits. You literally just look at it and you know exactly which expenses to cut. You’ve already thought about what to do in the worst case while you were at the best case.
[00:31:11] Okay? Six to 12 months. I recommend 12 months right now because in my opinion, the economy is not in a great place. Now, you’re not gonna get that tomorrow. That often takes years to accumulate, but I don’t mind if people set up a savings goal for their emergency fund to be 12 months of fixed costs. You will know.
[00:31:27] Same as you did with your investments. You’ll know the exact month and year that you’re gonna have that thing filled up. Just keep it in a high yield savings account and get on with your life. Now, once you get beyond 12 months, in my opinion, there are better places for that money. Next up, investing.
[00:31:41] That’s how you make actual wealth. Hold on. This is so important. I need to show you my big old head. Listen. You all see my conscious spending plan. You’ve seen pictures of it. You’ve seen me talk about it on the podcast, right? There’s four categories, fixed costs, savings, investments, and guilt-Free spending.
[00:31:59] People will [00:32:00] spend their entire lives agonizing over one category. Guilt-free spending. Oh my God, I don’t know if I should get the Diet Coke. I’ve been so bad. I’m a bad person. I’m bad. Stop talking about your freaking diet Pepsi. Nobody cares. It’s irrelevant. The there is one box where serious wealth is created.
[00:32:25] You know what that box is? It’s the investment box. Y’all should spend less time optimizing your rice and more time optimizing. What percentage of my net income and gross income am I contributing to my investments? Wasting your life, focusing on tiny little things over here and there. When real wealth is created in investments, you wanna talk about it?
[00:32:48] Why am I getting mad? I’m trying to help you. I don’t know why I’m getting so mad. I, I’m just thinking of all the people who spend their entire lives, you know? Oh, I don’t know. These popsicles are cheaper at Costco. We should go there Sunday. So good. Oh, the traffic dough. [00:33:00] Why are you spending your time on this?
[00:33:03] Instead of spending half as much time, it should actually be more on investments. That is where the hundreds of thousands and millions of dollars are accumulated, alright? Investing. It’s where the real wealth is created. You’re never gonna get to million 500 k, 1,000,002, 2 million is putting money in a savings account and trying harder.
[00:33:22] That’s a losing battle. Let’s invest and grow this thing. All right, so where should you invest? This is a very common question. There are lots of options. You can invest in individual stocks, individual bonds. You can invest in crypto, you can invest all kinds of stuff. I like index funds or target date funds.
[00:33:37] Target date funds are actually my favorite investments. What I tell my friends and family, it’s like literally you pick the year that you are going to be retiring, which for most people is 65 and let’s just say it’s uh, 2070. You find a fund that matches that year, a target date fund, so it’d be like Vanguard 2070, fidelity 2070 Schwab 2070.
[00:33:57] These are very low cost target date funds. [00:34:00] They are automatically diversified and they automatically become more conservative as you get older. I just love these investments. They are simple. It’s one investment and all you gotta do is put as much money as possible into them. That’s it. It’s set it and forget it.
[00:34:14] It’s so easy. Okay. There’s a lot more to cover on that, but this is like 80% of it, more in chapter three and seven of I Will Teach to Be Rich. Step five, build the Right Environment, you know, um, we used to have a, uh, like a fitness program at I Will Teach To Be Rich. We were actually testing it and it would help people lose weight.
[00:34:40] Or build muscle. And it was quite fascinating that, um, people joined, they had to pay and they had goals. You know, I wanna lose 20 pounds or I wanna put on a few pounds of muscle. And we really went deep with them deep. We had a, a full-time trainer. We went deep on their macros and uh, you know, all [00:35:00] kinds of stuff.
[00:35:00] Psychology and some people really wanted to change, but they had a pantry full of crackers and chips. And they told me that it was like doing battle every single time they sat down to eat. Has anyone here had that experience sitting down looking at food? It feels like you are literally battling that food to not eat the quote.
[00:35:25] Bad stuff. If I had had my way, if money was not a concern, you know what I would’ve told him? I would’ve said, move, move. If you really, if it is your top priority in your life, to change this, you have to move because not only do you have muscle memory in your pantry, you reach in there, you don’t even have to look, you know, there’s a whole bag of Doritos.
[00:35:47] You have an entire social milieu, a a social network around you that encourages the type of lifestyle that you are trying to escape. You know, it’s kind of a similar advice that’s often given to alcoholics, which is like, if you’re in recovery, you [00:36:00] have to find a new group of people to be around Now. Most people cannot simply get up and move.
[00:36:06] It’s just, it, it doesn’t work. But I remember when I was in my, uh, late twenties, I wanted to meet more people. I wanted to live a bigger life. Uh, I wanted to get more fit. And I realized that the number one thing I could do was not to try harder, was not to beat myself up. It was simply to move to Manhattan.
[00:36:23] Boom, move there. The environment forced me to achieve all of the things I wanted to achieve. What do you notice? About what I’m telling you right now, I’m talking about fitness, but it’s actually about a rich life. The idea is you cannot simply try harder. It’s actually about needing to change your environment.
[00:36:47] What is the environment that you are currently in that is making it hard for you to reach a hundred K? The point is that there are a lot of invisible tentacles holding you to a place that’s gonna make it difficult for you to [00:37:00] succeed unless you actually recognize those and change it. So I have a few suggestions for you.
[00:37:05] Step one, stop asking. Broke people for advice. I see this every day on Reddit, people going into Reddit asking, unlike. Basically forums where people have no money. Hey everybody, I just made $20,000 from an inheritance. What should I do with it? And like put it in a savings account. ’cause you don’t know what’s gonna happen with the country.
[00:37:22] It’s going to be a disaster. Says you don’t wanna invest it at all. You can’t trust anything in any way. Investing is like gambling. It’s like, why would you ask these broke people what to do with money? The answer is they actually don’t know any better. They don’t know anyone else. They just have a few buddies on Reddit and that’s what they did wrong.
[00:37:38] Stop scrolling. TikTok for financial tips. You’ll often see what gets optimized the most for the algorithm. Not necessarily what’s the best advice. I see the worst stuff on there all the time. It’s so crazy. I’ve done a TikTok reaction video on YouTube if anybody’s interested. Just search Ramit TikTok reactions.
[00:37:53] It’s quite interesting. Find role models who normalize wealth building. That’s what we have in our community. That’s what I have in my money coaching [00:38:00] group. I want you to. Surround yourself with hundreds or thousands of people who actually are like, yeah, it’s cool to invest. Of course, we’re gonna talk about spending extravagantly on the things we love.
[00:38:11] We’re also gonna talk about our asset allocation and, and what’s our debt payoff strategy. And finally subscribe to people who tell you the truth. I’ve told you a lot of things that are quite truthful tonight, haven’t I? What is something I’ve told you that was maybe a little uncomfortable to hear, but you know, it is the truth.
[00:38:26] Shall we continue now, step six. Play offense, not defense. So here’s what you can do right now. You can delete your budgeting apps from your phone. I’m serious. I actually think it’s keeping you small. I think it’s one of those things that distracts you and makes you feel as if you’re making progress. But if you’re honest, has that budgeting app actually helped you build any serious amount of wealth, or has it kept you chained to tracking every little expense rather than focusing on the actual big picture where true wealth is created next?
[00:38:57] You can, um. Consider not [00:39:00] scrutinizing every single dollar that crosses your bank account, that’s playing defense. Oh no. Did somebody spend an extra $2 and 39 cents that was not properly categorized? Did you just lose that on $1.9 million? ’cause you actually didn’t invest automatically? How about that? I love to talk about that.
[00:39:18] Offense means deciding what’s important to you and then laying the groundwork using the systems to make it happen. And finally, here’s one more offensive move that you can do. You can do it actually right now. You can implement the 1% December rule. It’s quite powerful and it’s very simple. Let’s say that you are currently for easy math.
[00:39:36] You’re investing 10% of your income right now. Amazing. Great job. Every December, you increase that number by 1%. That’s it. From 10 to 11%, 11 to 12%, 12 to 13%. That’s it. You can stop at 20 or 25 if you want, but that’s it. Once a year, a 1% increase, and the beauty of this is [00:40:00] twofold. First, that 1% is so small, you’re not even gonna notice a difference.
[00:40:02] You literally will not notice it. But second, as you earn more. You’re automatically going to raise the total amount you contribute, especially because of this 1% December rule. So if you get a $10,000 raise, you’re going to be automatically investing even more. This single decision alone can make you hundreds of thousands of dollars over your lifetime.
[00:40:28] This single decision alone can be worth more than all the amount you spend on coffee over your entire life. And you only have to do it once a year. Offense means simplicity. The more successful you get with your money, the more you have to fight for simplicity. What do I mean by that? I mean, just having.
[00:40:51] A couple of credit cards, just having a couple of bank accounts, not having 25 different credit cards so you can squeeze out an [00:41:00] extra $11 from gas refunds and five per, but I don’t care about any of that stuff, just simple. I have an extremely simple financial system. It could be way more complex, but I fight for simplicity.
[00:41:12] You’ll have to remember you. It is normal. The financial world wants you to open up more accounts and transfer all this stuff and do all these apps. Why I have no financial apps on my phone. Why would I, I don’t need it if I have one. Once in a while I download it for a second. I use what I need and it’s goodbye.
[00:41:28] I don’t need it. So I really want to emphasize simplicity. And once you have that set up, it’s gonna feel so good. So moving along now, four traps to avoid. I have seen a lot of people implement things but still fail, and these traps quietly can destroy your momentum. So let’s walk through four traps. To avoid trap one, get rich quick.
[00:41:50] Bs. Now the, you know, you see this all the time. You see, and it’s like a lot of fads. A few years ago, what was it, buying Airbnbs a few years before that. It was all, there’s all [00:42:00] kinds of stuff. I don’t like the, the culture that glorifies you have to work 90 hours a week. I also don’t like the culture that glorifies the idea.
[00:42:08] You can make a million dollars overnight. Maybe, I mean, just like you could win the lottery, but that’s not a strategy. I prefer long-term, consistent investing. That is going to be for sure. I want to engineer success. I don’t want to try to get in the, uh, in the way of a lottery ticket. So real wealth is almost always built through systems that take time.
[00:42:28] Just accept that. Once you accept that, then you can really start to make it work. Next up, toxic frugality culture. Oh boy. Walking eight miles to save $3 on gas or, or watermelon is not a rich life. It’s actually quite ridiculous. Um, living way beneath your means. To the point where you are only fixated on a certain number 13 years from now.
[00:42:54] But once you get there, you don’t even know what to do with your life. And in fact, all of your skills at spending money have atrophied, and now [00:43:00] you are actually psychologically incapacitated. So you have to only focus on, will I have enough? Will I have enough? I need more. I need more. Oh, we don’t want that.
[00:43:06] Okay. You don’t want a life of self-imposed deprivation. You want a rich life. Remember, rich life does not mean you have to spend $5,000 a night at a hotel. It’s what’s important to you. Sometimes the most rich things in life are actually free, and sometimes they’re actually very expensive. Both are okay.
[00:43:24] Next up, trap three. I missed my chance. How many people here feel like I missed my chance? I saw it in the first five minutes. Somebody commenting, right? I was in the middle of making a point. Somebody like, how does this work if I’m 70 years old? How start now. That’s the answer y’all. You need to accept reality.
[00:43:41] If you didn’t start until late, then you need to start right now and you need to get it dialed in because you’re gonna need to be a lot more aggressive than somebody who’s starting at age 22. There is no other answer. That’s life. That’s what you came here to hear is the truth. I always promise to tell you the truth.
[00:43:56] That’s the truth. There’s nobody coming to rescue anybody. There’s no [00:44:00] secret amount of money that’s gonna fall outta the sky. I hope you get some inheritance or something, but you sort of know what life is like and so it’s better to start now and focus on what you can control. I have lots of opportunities for you to start learning how to earn more, all that stuff.
[00:44:14] Nothing changes until you go, oh my gosh, nobody’s coming to save me except myself. Okay. Um, trap number four, the optimization spiral. That’s folks who switch bank accounts ’cause my Capital One savings account dropped by 0.3% and I can get a better one over here. But they never stopped to realize, why am I doing this?
[00:44:33] First of all, how much is it actually getting me? And second, am I just endlessly focused on things that optimize the Tary local minimum or maxima that’s like, Ooh, I can make an extra $7 if I transfer these points over here and there and there and there and there. But they’re actually missing the big picture.
[00:44:49] Not only accumulating and saving hundreds of thousands or millions of dollars, but actually like enjoying it. Like, do I really want to be. [00:45:00] Spending time doing like 50 different mile transfer things so that I can get a free flight to Toledo. Maybe. But I think a good way to think about it’s what would people think?
[00:45:09] What would my kids or my family think if they saw me doing this? Like if they saw you sitting there and looking at your investment portfolio and being like, you know, I think we’ve done a nice job next year. Let’s increase our contributions 1%. They’d probably be really proud of you. Probably wanna learn if they saw you spending nine hours to save $211 for some baggage fee on United.
[00:45:27] I don’t really think, uh, that’s a great lesson to be sharing. Something for you to think about. Get your systems right, know your numbers, but then remember, you gotta leave the systems alone. Just like leaving a Thanksgiving Turkey alone. You gotta live your rich life. A rich life has lived outside of the spreadsheet.
[00:45:43] Alright, so let’s take a look now. You have a target, you have a date, you have a system. And now support and accountability. Now, with all that said. Y’all sent me a bunch of questions. Is it okay if I answer some of your questions because I know you put ’em here. We have a question from anonymous. I’m [00:46:00] investing aggressively because I’m behind on my 401k, yet I have over 50 K in debt.
[00:46:04] Should I cut back on my 401k and pay more on my debt? So mathematically, this depends on your interest rate. If your debt is at a 2% interest rate and we kind of conservatively know that we can make like roughly 7% by investing roughly then. I would just stretch that debt payoff out for as long as possible, and I would put more towards the 401k.
[00:46:26] My guess is your debt is probably somewhere between six to 8%, so if I were you, you know, you, you. You could go either way, but if it’s me, I’m doing 50 50 or I’m putting a little bit towards both. I’m also really dramatically looking at my expenses and trying to find an extra, even a hundred dollars a month can rapidly shave years off of that $50,000 debt amount, even a hundred dollars a month.
[00:46:50] So I’m looking for a hundred, 200, 300. I’m gonna earn more money as well and putting it aggressively towards that debt. And of course, once that debt is paid off, I’m gonna shift most or all of that towards [00:47:00] investing. That’s how you do it. Next up, can we invest even a little if we have a lot of debt? Yes. I just gave you an example of that.
[00:47:07] Yes, you should not wait to start investing. That is a critical, crucial mistake. You know why you saw it in the compound interest charts? If you wait even five years, it can cost you hundreds of thousands of dollars. So start investing now, even if it’s 20 or 50 bucks a month, and then of course, over time, ramp that up.
[00:47:23] Alright, next up. If our Roth IRAs are in Primerica, oh God. When I move it to Vanguard, fidelity, or Shaw, will I have taxes or penalties to pay in general? No. You will have some fees, some account closing fee? Probably. But first of all, lemme say I hate Primerica. They are horrible. Uh, but you can do something called an in Kind transfer.
[00:47:44] That’s IN. KIND. That means they’re not gonna sell your investments, they’re just gonna transfer them over. And Vanguard, fidelity or Schwab can help you do this. They have the paperwork to make it happen. How do I avoid taxes eroding my wealth? Um, I don’t really think of it that way. I think that you [00:48:00] should maximize your opportunities with tax advantaged accounts, things like a 4 0 1 KIRA, even HSA, but after that, get on with your life.
[00:48:10] I’m very happy to pay my taxes. I know that it goes to helping. Poor people and middle class people. And, um, it’s a never ending game of, um, trying to minimize or avoid taxes. Like one of my pet peeves is people who are very, very wealthy and then they, uh, like move to a place that they don’t actually want to live in just so they can save a little bit of money on taxes.
[00:48:35] I’m like, what’s the point of being rich? You know what I mean? Like why, and, and it’s because they have fixated on this idea that they need to reduce the amount they pay in taxes. The goal is not to pay the least amount in taxes. You wanna pay the least amount in taxes. Uh, drink 18 glasses of water and then hold your breath for seven minutes and you’ll never have to pay a single tax again in your life.
[00:48:57] That’s not the point. The point is to live a rich life. [00:49:00] So that’s my, uh, approach to you when it comes to taxes. I recently received a settlement of 16 k. Uh, this too much information. What is happening here? I recently received a settlement of 16 K three k, went to Max on my Roth. IRA, I have 15 K sittings in savings.
[00:49:13] I could allocate seven K for the. 2026 Roth IRA, but I’m terrified when my savings account hits below 10 K. Let me say to you that me giving you the information here is actually not going to solve it because it’s not normal to use words like terrified when it comes to money. That actually tells me that you have an unhealthy relationship with money.
[00:49:38] I actually want you to join Money Coaching, and I want you to start in the Money psychology section because you could let the money sit there for a while. Okay? You’re in no rush to do anything with it. Just let us sit there, but I want you to actually focus on improving your relationship with money first.
[00:49:53] That is going to make a bigger difference than allocating 5K here or seven K there. Amir says, when I see people talking about fire, [00:50:00] I don’t understand how it works. Does that mean that the profit from the investments is used to live my life, but that means I need to withdraw money on a monthly basis, which will reduce the investment, isn’t it?
[00:50:11] Kind of a loop? Well, let me explain. Uh, does anyone know how your retirement works? Once you retire, you stop earning money, but you still have all these expenses. Where’s the money come from? Y’all spend your entire life thinking about retirement. Retirement. Oh my God, am I gonna have, you don’t even know how it works.
[00:50:29] This is, this is exactly why I started money coaching, ’cause I need you to understand the mechanics of these important things in life. It’s okay if you don’t know. It’s actually not really explained clearly as you invest. Whether through your 401k or an IRA or whatever, you will have a certain amount of money.
[00:50:51] Let’s just say for easy math, you will have a hundred dollars easy math, okay? You can withdraw some of that money every [00:51:00] single year. The amount will actually generally stay the same depending on how much you withdraw. That’s because it continues growing over time. You can also withdraw a little bit more.
[00:51:10] Maybe you have like $10 million in an account and you don’t need to only withdraw 40 KA year. You can withdraw a lot more. And it will still keep growing or you run it down, it doesn’t matter, but you, there are a few things to know. You wanna time it so you don’t run outta money. You really do not wanna be 93 years old in America running outta money.
[00:51:27] That’s a terrible place to be. You also wanna factor in things like social security. But in general, as your portfolio starts to grow, you can actually withdraw amounts from it and it will still grow. Like Oprah, I forget the size of her portfolio. Let’s just say she’s worth a billion dollars. She bought a house for something like $35 million in, in, uh, Montecito, right?
[00:51:49] She could have just taken that from her investments and she would’ve made that money back in a matter of weeks. That’s how crazy it can be. Now you may [00:52:00] not be Oprah, but you can apply the same thing to buying dinner or paying your housing costs, things like that. So that is how it works conceptually. And that’s also why you should invest aggressively now because in retirement you can have more to live on.
[00:52:15] Alright, cool. That was a good question. I like that. I appreciate that. Um, Anthony has a common question that many people do. Anybody here have irregular income? You make. More one month, less another month. And all of this feels quite tricky to you. Yes. Okay. A lot of people like, yes, this freaking guy’s gonna gimme my answer.
[00:52:31] Okay. I’m gonna give you the answer. Alright, listen, I’m gonna give you the answer and then you should get in money coaching. ’cause we have a lot of people like this and there’s quite a simple solution for all of this. Okay? So, uh, Anthony’s question is, I run my own small business. My monthly income fluctuates from 13,001 month to 5,000 the next month to 900.
[00:52:47] How do I plan and build a system when there isn’t a fixed income coming in? Okay, so this is what you do. You want, first of all, you wanna pick a safe average of income that you can make every single month. In [00:53:00] your case, it’s gonna be higher than 900. It’s gonna be lower than 13,000 just for easy math.
[00:53:05] Let’s say it’s 5,000 a month. You can consistently guarantee you’re gonna make $5,000 per month. Sometimes it’s higher, sometimes it’s lower. But you can make that, you are gonna base your entire conscious spending plan around that number. You’re gonna build the entire thing around there. In months that you make more than that amount, you are gonna put the money in a buffer account.
[00:53:28] It’s basically another savings account. It’s not your emergency fund, it’s your buffer savings account. And so if one month you make, um, $9,000. You built your whole financial system on 5,000, so you have 4,000 extra, you’re gonna move that over to your buffer account and in months where you make less.
[00:53:49] You’re gonna draw from that buffer account. Your goal is to get that buffer account to be six months of expenses. Again, this is in addition to your emergency fund, so it’s gonna take a [00:54:00] while to do it, but it’s okay. And what happens now that you have that amount? Is it, it’s basically allowing you to simulate a W2 income.
[00:54:08] So for so many people there are like, how many people here have been for years wondering how to make this whole freaking thing work? ’cause you have an irregular income. A lot of people, right? A lot of you guys. That’s how you do it. Boom, you can, you now have line of sight on how to simulate a nice, stable income, and if you have a horrible month or even two months, you’re cool.
[00:54:33] You’re covered. Everybody who said I have irregular income, get in money coaching right now. Thank you for being here and committing to your own rich life. Thank you for going through the calculator and the examples and realizing that you are much closer to a hundred K and even more than you ever thought possible.
[00:54:49] That’s incredible. Listen up if you want my help with your specific money questions. There are only two ways to get it. First, you can apply to be on this podcast at [00:55:00] iwt.com/apply. Or second, you can join my money coaching program instantly at iwt.com/money Coaching. In that program, you get access to live virtual events.
[00:55:11] Monthly group coaching calls Live q and as and an amazing, huge community of other people like you. Check it out at iwt.com/money coaching.
