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18 Comments
I don’t know if I have one money hero in particular, but I do really find people who have found a way to retire early really inspiring. And while it’s highly unlikely I’ll ever be able to retire “early” (I’m already 45), I learn a great deal about how these people live and try to implement those strategies into my own life as much as I can.
Tonya, this was a really difficult article to write only because I had to pick just one hero. Ramit is awesome but there are so many others out there that I look up to. As for retiring early most people retire at 68 or so I believe so anytime before 60 would be early I think. Regardless you’re a hero in your own right.
I loved a post of his not too long ago about how he spent over $50k on luxury services last year including his personal trainer, chef and nutritionist and first-class travel. There are soooooo many frugal, thrifty blogs out there and while they can be super helpful, those that can afford it should take a look at their money, cut what doesn’t matter (like you said) and use the rest to achieve not just their future goals but their dreams RIGHT NOW. I’m totally going to have a personal chef someday. I’ll clean my own home, watch my own kids, but that is totally happening. His book is awesome too-a must read with simple, but good advice.
Kathryn, I love all his articles, and would love to take one, if not all of his courses. However he requires that you don’t have any credit card debt so it’s a dream right now.
It’s so true that we have many options to help us be frugal but not many that show us how important it is to enjoy life. Ramit has a style about him that allows him to spend on what he wants and cut everything else. It’s because of him I realized I didn’t need to spend a bunch of money on food at work. I thought it was ok because I enjoyed the food so much but truth was I have to eat it so fast that the joy isn’t enough to offset the expense. Whereas I can eat out when I have time and enjoy it. That being said I love to cook so I prefer to just eat at home, not sure I would have a personal chef, maybe someone to clean the house but not a personal chef.
Tyler @ I Am The Future Me recently posted…I Cancelled My Gym Membership, Started Eating Pizza, and Lost 20 Pounds.
I don’t have a financial hero for there are just too many great examples of people out there who have really turned their financial life around. Ramet Sethi definition of a rich life is spot on with a hint of humbleness. Yet still I never get tired of learning from other people, so I will have to check out this Ramet Sethi for you can never get enough information.
Petrish @ Debt Free Martini recently posted…The Humble Beginnings of Entrepreneurship
Petrish, the thing I love about personal finance is how you can personalize it. We take information from everyone and learn what we can it’s wonderful. I think we should all have multiple people we look up too so it’s great that you do.
To be honest I was a bit put off by the name of his website at first. “I Will Teach You To Be Rich”, yeah right. I thought it sounded a bit scammy.
But as it appears, teaching you to be rich is exactly what he’s doing. I like his articles very much, he is smart about many things.
Mrs. CTC recently posted…Friday Frugal Confession: I’ve Been Buying Lunch at Work
Yes his site name sounds a bit scammy but he delivers and than some. I love all the stuff he shares about mindset and building your own rich life.
Tyler recently posted…Week In Review #10
Tyler,
I think Ramit has some real insight into how people view money and other important issues. My philosophy is that ‘personal finance is personal’ so I agree – it’s not about cutting your spending, but about prioritizing your spending. Make sure you don’t waste money on things that don’t matter so you have some available to spend on the things that do!
P.S. I am considering attending FinCon16 myself, but time is like money – only so much to go around and with it being on the opposite coast as me this year, it’s quite a trip.
Bill @ The Money Professors recently posted…How Blogging Ruined My Marriage
Bill,
Personal finance is really amazing and its great to get many viewpoints in order to make the right decisions for you.
I live on the opposite coast as well and will be my first trip to the west. Where on the east coast do you live?
Ramit seems like a cool guy, and he knows what he’s talking about in his website. The concept of his “rich life” is somewhat a balance of what all of us should be doing.
Jayson,
Couldn’t agree more. His idea’s are something that really help validate my own. He really encourages people to find there enjoyment and focus on that, it’s not really about getting rich but living a rich life.
I don’t know that I have one, specific money hero as much as a ton of great money influences. Maybe mine would be this woman I knew growing up who was a pillar of frugality….saving her money on things that didn’t matter so she could spend it on what did. Ramit’s a pretty fantastic one, too, though.
Femme recently posted…How Almost Anyone Can Go to Disney World for Free
It was really hard to pick just one, but Ramit is such a great choice in my opinion. I have personal ones like family members, and others like Warren Buffet. I really think it’s important to have as many influences as possible when your making decisions.
Tyler @ I Am The Future Me recently posted…Week In Review #10
Ramit was definitely one of the first and loudest preaching “earn more” when I started to look into that side of personal finance. I feel like it’s a very natural progression to start at “spend less” but there’s a point where that maxes out and to really achieve a strong financial future, it usually requires finding other income streams.
There is a bottom to how much you can cut, but there is no top to how much you can earn. I love that concept because when you first start looking at your finances you want to cut costs, then you start making more and that’s when the real magic of getting out of debt and investing in your future comes from.
Tyler @ I Am The Future Me recently posted…Week In Review #10
Ramit is definitely one of my favorites! His bluntness is quite refreshing to me, even though it may be off-putting for others. But he’s real! If it isn’t adding value to your life or your idea of “rich”, then get rid of it!
I laugh so hard when he starts on a rant about something. I think his unapologetic style is perfect for so many, and those that don’t want to follow and learn from him is fine cause well he doesn’t need those kind of people around anyway.
Tyler @ I Am The Future Me recently posted…Week In Review #10