How to go on offense with your money

If I asked you to show me your finances, what would you show me? To view this email as a web page, [click here]() Take control of your finances by playing offense, not defense If I asked you to show me your finances, what would you show me? - A stack of boxes with tax documents from the last seven years, tucked in the corner of your cobwebby basement storage room? - [Cell B34]() of your MasterBudget.xlsx file? - A worksheet from a fucking Dave Ramsey book? - The Mint app on your iPhone? Or would you stare at me blankly … or just shrug? [Gif] Too many of us play defense with our finances. We wait until the end of the month, then look at our spending and shrug: “I guess I spent that much.” We accept onerous fees. We don’t question complicated advice because it’s given to us in a language we don’t understand. Playing defense is just another way of procrastinating with our finances. Don't do this! Go on offense with your credit cards, your banks, your investments, and even your own money psychology. I want to share with you stories from 2 of my students who pivoted from offense to defense. What do you notice about their stories? "I contribute automatically to my 401(k), Roth IRA, a Big Purchase Fund for a Tesla"“I was a graduate student at Iowa State University (I had recently moved from India with little to no knowledge about personal finance), and I was told to sign up for this Discover credit card to build credit. One thing led to another and fast forward 18 months, I had 3 credit cards and almost $18,000 in debt. “When I came across Ramit’s book, I started organizing my money, used a debt payoff calculator, and told myself that no matter what, this would be my target date to be done with my debts (credit card, student loan, and a stupid car). “From then onwards, I automated all my payments and paid any leftover cash towards the smallest debt. During this process: - I got a full-time job (since joining my income has gone up 27% in 16 months). - I negotiate my phone bill every month (I love talking to these reps and use Ramit’s techniques). - I contribute automatically to my 401(k), Roth IRA, and savings (big purchase fund for a Tesla and travel fund for a trip back to India). - My debt pay-off date is now August 2023 (~$65,000). “This would not have been possible if I didn’t see my life from how Ramit teaches (a Rich Life and prioritize things that matter to me, not to anyone else/society).” –Amit Mahapatra "We paid off $230K of student loan debt and started our own business"“My wife and I both graduated physical therapy school with what seemed to us a crippling level of debt. Many of our co-workers just resigned that they'd be in debt basically forever, but we weren't satisfied with that. “I'd already learned some financial basics … However, I feel Ramit's program brought us to the next level with the automation of our finances and very importantly, giving clarity to the thought process of what a Rich Life means for us. “With all these systems in place, we were able to pay off over $230,000 of student loans in 5 years and become debt-free. This provided my wife and me with the financial freedom to start our own business, a major step toward further increased time and financial freedom for us in the years to come.” –Nick Peterson Do you notice anything about Amit and Nick? Here’s what I notice: They switched from defense to offense. They stopped procrastinating and took control of their money. People who have gone on offense have taken control of their own finances, their own psychology, started to earn more, and happily spend on the things they love. No anxiety. Just confidence and the systems to back it up. When you’re on defense, you listen to your fears and end up frightened and anxious, sitting around worrying about all the things that can go wrong with money. When you go on offense, you take control of your money. You build a plan to spend extravagantly on the things you love. You EMBRACE making mistakes, knowing you’ll waste a little money, but it’s fine, because over the long term, those mistakes are minor, and you can create more wealth for yourself. I want ALL of my readers to play offense, not defense. So I’m going to show you how. Join me live next Monday, June 20, at 8pm Eastern / 5pm Pacific, for a free event: “How to stop worrying about money.” [How to stop worrying about money] I’ll show you: - How to spend less than 1 hour per month on your finances. The automated system you can use to put your savings, investments, and bills on autopilot (even if you have an irregular income). - The $30,000 questions you need to be asking. Why getting lost in $3 questions can cost you thousands of dollars and what you should do instead. - How you can stop feeling behind — and start getting ahead. Walkthroughs of key changes you can make to save more, invest more, and spend more on what you love, guilt-free. - Connecting your paycheck to your dreams. How to make your big dreams actually happen and make your money work for you. I’m also going to share more about my new product, The Rich Life System, including a sneak peek at the program live on the call. AND… you’ll get FIRST access to The Rich Life System Live. This is my new financial program where I’ll personally walk you through every step to take control of your money and build your Rich Life. I’m excited to share The Rich Life System with you. You don’t want to miss this. [Click here]() to reserve your spot. “Do you guys want to go your whole life playing defense?” That’s the question I ask my guests, Charles and Ashley, on [this week’s episode]() of the I Will Teach You To Be Rich podcast. Ashley is frustrated because even though they make $500k/year — yes, half a million dollars — there have been times she has not been able to buy groceries because there is no money in their joint account. When I ask Charles and Ashley to go through their Conscious Spending Plan on the call, they miss $100k of income per year — they literally do not account for it. Because of Charles’s investments and stock options, their income feels erratic, and Ashley is having a hard time making sense of it all. Ashley needs a better understanding of the family’s finances to feel more at ease with their future, but a serious lack of transparency stands in the way. [Click here]() to listen in as I work with them to stop thinking small and to instead focus on the big wins — to stop playing defense with their money and start playing offense. New episodes of the podcast are released Tuesday mornings. Subscribe on [Apple](), [Spotify](), or wherever you get your podcasts. [Signature] WHAT TO DO NEXT REGISTER: [Click here]() to register for “How to stop worrying about money” and get a sneak peek of my new financial program, The Rich Life System. [SIGN UP]() LISTEN: [Click here]() to listen to this week’s episode of the I Will Teach You to Be Rich podcast. [SIGN UP]() Featured Products [Learn how to be your own boss, do what you love, and earn more.]() [What if you woke up EXCITED to go to work? I show you how to achieve it, step by step.]() [Ready-to-use mental frameworks for increased happiness, confidence, & success.]() [No guilt, no excuses, no BS. Just a 6-week program that works. Over 1,000,000 copies sold.]() The I Will Teach You To Be Rich Podcast Raw, unfiltered conversations with real couples: - One partner is $300,000 in debt, but shrugs it off. The other cries at night, anxious about the future. - A couple that’s so worried about money, they feel like they’ll never have enough. They go to a restaurant and order chicken instead of steak to save $10. Their household income: $600,000. - Two parents who feel overwhelmed by work, kids, and debt. When I ask them how they’d describe their lives, they instantly say the same word: “Stuck.” Listen in to hear real money conversations from behind closed doors today. [Apple Podcasts] [Apple]() [Spotify]() [Google]() [IWT]() Follow Ramit: [insta]() [Twitter]() [twitter]() [youtube]() [Linkedin]() Was this forwarded to you? [Sign up here.]() This email was sent to {EMAIL}. If you no longer wish to receive these emails you may [unsubscribe]( at any time. 548 Market St #89946 San Francisco, CA 94104-5401