video - I will teach you to be rich - talks at Google

• What being rich mean to you?
• Freedom
• What does freedom mean to you?
• Do what I want when I want
• And what do you want to do?
• ... [cricket sounds]

He mentions that a rich life for him is specific. Example: using a taxi instead of subway.

We see more articles/advices about how to save, not about how to spend.

Money is the byproduct of doing all these right things.

One of my philosophies is to:

spend extravagantly on the things you love as long as you cut costs mercilessly on the things you don't.

Questions:

• [10:15] What is something you spent money on in the last two weeks that made you smile?
• [17:55] What is something you love spending money on?
• [25:10] What if you could quadruple your spending on that thing you love?

Ramit's money rules (link):

1. Always have 1 year of emergency funds, cash
2. Save 10% and invest 20% of gross income, minimum
3. Pay cash for large expenses. 20% down, minimum on a house.
4. Never question spending money on books, appetizers, health, or donating to a friend's charity fundraiser.
5. Business class on flights over 4 hours.
6. No limit on spending for health (personal trainer) or education (courses, events, etc.).
7. Buy the best and keep it for as long as possible.
8. Earn enough to work only with people I respect and like
9. Marry the right person.
10. Prioritize time outside the spreadsheet.

See also

• I will teach you to be rich - book
• Ramit's 10 money rules - video