Money Dial: Generosity (continued)

A few years ago, my wife and I held a fundraiser in NYC. To view this email as a web page, [click here]() [IWT Header] Money Dial: Generosity (continued) A few years ago, my wife and I held a fundraiser in NYC. We both come from families of immigrants and we wanted to raise money for families being separated at the border. What we saw made us feel helpless, outraged, and sad. But we also know that we’re in the enviable position of being able to do something about it. So we did. In the end, we learned many lessons, and we raised $12,975, beating our goal of $5,000!! (We donated 100% of that money.) For me, THIS is a Rich Life — where you use your time and money to help other people. When something outrages you or inspires you … when something makes you MAD or SAD or THRILLED, that’s an opportunity to lean into it and use your time and money to improve it. Yesterday, I asked you to share examples of how you do that, and you didn’t disappoint: [Major gift to college to fund student leadership training] [Cover stranger's medical expenses] [Gifts for Christmas] [Funeral expenses] Wow. IWT isn’t simply about earning more money. I show you how to do that in my book, my business courses, and my career courses. But to be able to use your time and money to help other people … that’s another level. I want you to see that you can use money to support the things you care about. Your family, your health, and yes — giving back. --------------------------------------------------------------- 4 signs you might need a financial advisor I’m talking about Advanced Personal Finance this week, and one of the most common questions I get about this is: “Do I need a financial advisor?” It’s tempting to believe you need one. After all, many people hire others to repair their car, deliver food, or mow their lawns. But a financial advisor is unique because most people do not need one, and some advisors hide their fees. So who should use a financial advisor? [At least $1M in investable assets, complex financial situation, second set of eyes, behavioral coach]() If you don’t fit these criteria, you probably don’t need an advisor. And I HATE seeing stories like this: [Fees]() Many people use financial advisors as a crutch and end up paying tens of thousands of dollars over their lifetime, simply because they didn’t spend a few hours learning about investing. Money is a small but important part of a Rich Life. Most of us don’t need to delegate the critical things in life. But if you’re one of the people with a more complex financial situation, I want to share something with you. [Click here]() to read more of my thoughts about financial advisors, including a sample script you can use to help you choose an advisor. --------------------------------------------------------------- 12 secrets people learn as they make more money (part 1) When people dream of making more money, they think of the obvious things. The stuff you can buy, the freedom you'll get, etc. But there are some very subtle mindset changes that happen as you make more money. And it’s stuff that people often don’t talk about. Today, I want to give you a sneak peek at some of the things millionaires know that other people don't ([these come from my Advanced Personal Finance course]()): 1. If you have a problem that money can solve, you don’t have a problem. Use your money — that’s what it’s there for. Buy your time back. Hire an expert to teach you how to do something. Or better yet, to do it for you. 2. There’s lots of advice about how to save money — but very little about how to spend it. The great irony is that most of the advice is on saving money — and it isn’t very good at all. You get random internet writers telling you to cut back on lattes so that in 300 million years, you can have $250,000 in your retirement account. You know what’s even rarer? Advice about how to spend. When does it make sense to buy premium? What about luxury? What do other people with your income spend their money on? Where do you learn this? For most people, the answer is nowhere, so at 6 figures of savings, they’re still spending the way they spent as a 22-year-old. 3. Pick an area of your life that you truly love, and use money to have world-class experiences in it. My area is convenience, and I used money to hire a personal chef, an executive assistant, a personal trainer … and more. When you’re intentional about the 1–2 areas of life that you truly love, you can go deep. Hint: This is the Money Dials concept we’ve been talking about. [Chatting with a student] Another area of my life I love to go all out on — my business. This pic is of me calling the first student of a product we launched. 4. Surprise: The more successful you become, the less you can afford to do the things you used to. Brian Tracy says, “As I became more successful, I couldn’t afford to do things I used to,” like mowing the lawn. As your earnings increase, your calculus of time vs. money will change. It should. Look to people 1–2 levels above you and study how they live their lives. Chances are, when you reach the same level, you’ll make similar choices. 5. If you find yourself still agonizing over $20 charges while earning 6 figures, you’ve made a mistake. Making money isn’t that hard. But rewriting your inner story — which you’ve calcified and reinforced since childhood — is very difficult. And it often starts with learning about advanced psychology and techniques on money. 6. I used to scoff at people flying first class. Now I get it. The biggest lesson I would give to 23-year-old Ramit is to ask why someone who has more money would spend it on a certain suit, or first-class travel, or multi-generational travel. Sometimes the answers are not obvious. Nobody teaches this. Until now. Coming tomorrow: 6 more things millionaires know. * * * These insights come from my course, How to Win the Game of Advanced Personal Finance. If you've done the basics: - You’ve followed the automation system in my book. - You’ve saved money. - You've invested it. - You earn a good income. - You're tired of reading the same old sites. And you’re wondering, “What’s next?” It's time to [join my Advanced Personal Finance course](). [Signature] WHAT TO DO NEXT - READ: [Click here]() to read more of my thoughts about financial advisors, including a sample script you can use to help you choose an advisor. - CHECK IT OUT: If you've checked off the personal finance basics and are wondering what comes next, [it's time to join my Advanced Personal Finance course](). --------------------------------------------------------------- What did you think of today's newsletter? [Hated it]() [It was fine]() [Loved it]() [Logo] [insta]() [Twitter]() [twitter]() [youtube]() [Linkedin]() [podcast]() This email was sent to [{EMAIL} .]() If you no longer wish to receive these emails you may [unsubscribe]( at any time. I Will Teach You To Be Rich 548 Market St #89946 San Francisco, CA 94104-5401