{"id":36039,"date":"2025-04-20T16:38:08","date_gmt":"2025-04-20T16:38:08","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/36039\/"},"modified":"2025-04-20T16:38:08","modified_gmt":"2025-04-20T16:38:08","slug":"ramit-sethi-what-wealthy-people-do-differently-than-everyone-else","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/36039\/","title":{"rendered":"Ramit Sethi: What Wealthy People Do Differently Than Everyone Else"},"content":{"rendered":"<p>If you want to build lasting wealth, forget about your latte splurges or Target runs.<\/p>\n<p>&#8220;Target is not your problem. Coffee is not the problem,&#8221; <a target=\"_blank\" href=\"https:\/\/www.iwillteachyoutoberich.com\/\" data-track-click=\"{&quot;click_type&quot;:&quot;other&quot;,&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;outbound_click&quot;}\" rel=\" nofollow noopener\">Ramit Sethi<\/a>, personal finance author and the host of Netflix&#8217;s &#8220;How to Get Rich,&#8221; told Business Insider. &#8220;Those are minor financial purchases. They&#8217;re what I call $3 questions.&#8221;<\/p>\n<p>Sethi, who has spoken to hundreds of couples and individuals about their personal finances, says that most people are overly concerned with minor, day-to-day purchases: &#8220;Did I spend too much on dessert? Did I buy too many toys?&#8221;<\/p>\n<p>The wealthy, on the other hand, focus on what he calls &#8220;the $30,000 questions.&#8221;<\/p>\n<p>These are questions such as:<\/p>\n<ul>\n<li>What&#8217;s my savings and investment rate? Can I increase that by 1% every year?<\/li>\n<li>What is my debt payoff date \u2014 the exact month and year that I will be debt-free?<\/li>\n<li>What percentage of my money is going toward guilt-free spending?<\/li>\n<li>When will I have $500,000? $1 million? When will I be able to retire?<\/li>\n<li>What is my rich life?<\/li>\n<\/ul>\n<p>&#8220;Those are the big, important questions \u2014 and if you get those right, you can buy as many coffees as you want for the rest of your life,&#8221; said Sethi.<\/p>\n<p>The last question \u2014 What is my rich life? \u2014 is important because it gives you a vision and a purpose. Think about exactly what you&#8217;re working hard to save for. Is it early retirement? A rental property? Your child&#8217;s education?<\/p>\n<p>Be as specific as possible when dreaming up your rich life, said Sethi. Instead of saying, &#8220;I want to travel,&#8221; pick a specific place you want to go, decide when you want to go, and decide what activities you want to do. Bring it to life.<\/p>\n<p>Another difference between wealthy people and everyone else is their ability to zoom out and think long-term.<\/p>\n<p>The average person tends to focus on the month right in front of them \u2014 how much they&#8217;re spending and saving that month.<\/p>\n<p>&#8220;And this can be people who make below the median income or people who are making $300,000 a year. They literally focus on that month,&#8221; said Sethi. &#8220;But in order to live a rich life, you have to be able to zoom out and plan six months ahead, one year, even 20 years ahead.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"If you want to build lasting wealth, forget about your latte splurges or Target runs. &#8220;Target is not&hellip;\n","protected":false},"author":2,"featured_media":36040,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[51,9695,578,474,1429,6496,20782,2499,20783,20784,20780,4751,20779,20778,20781,20785,16,15,20777,3118],"class_list":{"0":"post-36039","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-business-insider","10":"tag-coffee","11":"tag-finance","12":"tag-life","13":"tag-month","14":"tag-most-people","15":"tag-personal-finance","16":"tag-personal-finance-author","17":"tag-problem","18":"tag-question","19":"tag-ramit-sethi","20":"tag-rest","21":"tag-rich","22":"tag-sethi","23":"tag-target-run","24":"tag-uk","25":"tag-united-kingdom","26":"tag-wealthy-people","27":"tag-year"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114371277859639442","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/36039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=36039"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/36039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/36040"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=36039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=36039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=36039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}