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Tom Bilyeu's Impact Theory - #134 Ramit Sethi on How He Will Teach You To Be Rich | Impact Theory
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#134 Ramit Sethi on How He Will Teach You To Be Rich | Impact Theory

Tom Bilyeu's Impact Theory

08/13/19

53m

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Are you tired of personal finance advice that makes you feel terrible for buying lattes? Well, the “no-BS money man for the new generation”, Ramit Sethi, is tired of bad personal finance advice too. Instead of giving you guilt trips about life’s daily pleasures, he tells you how to negotiate a 25k raise. On this episode of Impact Theory with Tom Bilyeu, Ramit Sethi, author of “I Will Teach You to be Rich”, does just that. Find out how to negotiate big raises, control your spending, get out of debt, and form positive money habits that will make you financially free. This episode is brought to you by: Impact Theory University. Visit university.impacttheory.com today! Blinkist. Visit www.blinkist.com/IMPACT to try out the premium service completely free for 7 days! Skillshare. Start learning on Skillshare today with 2 free months at https://skl.sh/impacttheory26 SHOW NOTES: Ramit describes the connections between systemic inequality and mindset [2:39] Ramit talks about how 90% of people in debt don’t know how much they owe [4:16] Ramit describes people’s invisible beliefs about money [5:35] Tom and Ramit discuss how to get through to people about making money [8:09] Tom and Ramit discuss spending on what you really love [12:20] Ramit defines a rich life [14:54] Ramit and Tom discuss dark beliefs around money [16:35] Ramit explains how to get a 25k raise [23:15] Ramit advocates that people desperately crave the truth [30:06] Ramit illustrates how people victimize themselves [31:53] What kinds of rules should people have around money? [34:53] Ramit discusses core values and money [38:06] Ramit describes how to have deep conversations in relationships [40:41] Ramit explains what rules new couples should have around money [43:20] How people should think about saving and debt [45:58] Ramit talks about the small minority of people who are obsessed with money [48:17] Ramit shares the impact he wants to have on the world [49:39] QUOTES: “Lattes is a classic example. Everybody tells you not to spend money on lattes. That’s the worst advice ever! Buy as many lattes as you want.” [11:12] “When I ask people what’s a rich life to you, they usually say two things. Freedom, which is a very nice word, but kind of generic. And they say a number, usually a million bucks.“ [14:58] “No matter what, you will get the shit kicked out of you at some point in life. And you can take two routes. You can say, Oh that sucks I’m never gonna do that again. Or you can say, oh, that did suck, what did I learn from that? How can I improve?” [20:33] “I routinely show people how to negotiate 10, 25 thousand dollar raises.” [24:55] FOLLOW: WEBSITE: www.iwillteachyoutoberich.com INSTAGRAM: http://bit.ly/2YMAtNb TWITTER: http://bit.ly/2KsVAiA FACEBOOK: http://bit.ly/2Kuh3ro BOOKS MENTIONED IN THIS EPISODE: “I Will Teach You to be Rich” https://amzn.to/2YL7qJV [1:58]

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Previous Episode

Record-holding power-lifter Mark Bell didn’t start out with tremendous confidence or an intimidating physique. Through extraordinary heart and determination, he reached the heights of success in weight-lifting. On this episode of Health Theory, Mark Bell, author of “War on Carbs”, explains how to avoid the most common fitness mistakes, how to build confidence and self-belief, and why he is perfectly comfortable telling everyone to push through more pain than they think they can handle. This episode is brought to you by: Thrive Market: Get 25% off your first order and a 30-day free trial at thrivemarket.com/health Impact Theory University: Visit university.impacttheory.com today! BioOptemizers: To get your free bottle of BioOptimizers, please go to www.p3om.com/performancefree. SHOW NOTES: Mark Bell talks about what originally drew him to power-lifting [1:14] Mark and Tom discuss aggression and weight-lifting [2:24] Mark talks about creating a narrative that pushes him [4:46] Mark talks about struggling with reading, and deciding to learn every day [6:41] Mark describes what gave him confidence and how he built self-belief [8:26] Mark advocates that everyone has some gifts, and explains how to find them [11:43] Mark says that he started lifting to attract women [14:20] Mark describes the mistakes you should avoid [15:14] Mark explains what to do about the fact that unhealthy food tastes good [22:17] Mark explains how to build will-power [24:13] Mark shares the mission statement of his company [25:02] Is heart and determination the real juice? [26:36] Mark and Tom discuss whether it is irresponsible to tell people to go too hard [30:51] Mark describes the impact of the death of his brother [33:38] Mark shares the one change people should make [37:50] FOLLOW MARK: Website: www.markbellslingshot.com Instagram: http://bit.ly/2GPnxA4 Facebook: http://bit.ly/2MGlK3T Twitter: http://bit.ly/2T8Km6N

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Nick is giving away a copy of his audiobook for free to Impact Theory viewers. Redeem your copy by texting the word 'Victor' to 474747. Standard messaging rates apply. Nick Santonastasso was born with no legs and one arm. And he absolutely refuses to make excuses. He became a varsity wrestler, a social media sensation, and wrote the book that perfectly describes his mindset, “Victim to Victor.” On this episode of Impact Theory with Tom Bilyeu, Nick Santonastasso describes how his mindset is his superpower, how he deals with failure, and how he balances ego and confidence. This episode is brought to you by: ButcherBox: ButcherBox. Use the discount code: "TOM" at butcherbox.com to get 20$ off and FREE BACON Audible: Start listening with a 30-day Audible trial and your first audiobook plus two Audible Originals are free. Visit https://audible.com/IMPACT or text IMPACT to 500-500 Skillshare: Start learning on Skillshare today with 2 free months at https://skillshare.com/impacttheory Impact Theory University: Visit http://bit.ly/2MMGGX5 today! SHOW NOTES: Nick talks about how his parents raised him [2:52] Nick describes his process for figuring out his body and fitness [4:22] Nick talks about being in full victim-mode in middle and high school [7:24] Nick explains how his mindset became his superpower [14:20] Nick explains how failure and getting beat up helped him out [15:30] Nick talks about how the lessons he learned in wrestling applied to life [20:27] Nick describes why the biggest disability is a bad mindset [24:22] Nick describes how his value system has changed [26:46] Nick explains how he balances ego and confidence [29:37] What is the path to confidence? [32:05] Nick describes what he does when he doesn’t follow through on his commitments [35:24] Nick shares his experience with prosthetics [36:38] Nick shares the impact he wants to have on the world [41:00] QUOTES: “As long as I try my best, as long as I attempt it, that’s not really failing.” [14:55] “If I was gonna lose, I was gonna lose like a champion.” [16:29] “People can see me on the street and be like, ‘Wow, look how disable that guy is.’ And I’m like, pfft. Have you seen your mindset? Have you seen the way you operate? Have you seen the way you react to situations, that you’re pissed off in traffic? You think the world happens TO you. I’m not disabled. You’re handicapped.” [26:03] FOLLOW: INSTAGRAM: http://bit.ly/33rcg2n TWITTER: http://bit.ly/2Krzle5 FACEBOOK: http://bit.ly/2MN4I46 BOOKS MENTIONED IN THIS EPISODE: “Victim to Victor” https://amzn.to/2KCcriP [2:42]

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