How Investment Advisors Rip You Off | Ramit Sethi (How To Get Rich)

New to the Erika Taught Me podcast? Start here: Barbara Corcoran (Shark Tank) on success:    • How Barbara Corcoran turned $1,000 into $6...   What Financial Experts Won't Tell You About Money -    • What Financial Experts Won't Tell You Abou...   Negotiating Lessons with Former FBI Hostage Negotiator Chris Voss -    • How To Never Lose A Negotiation With Chris...   Ryan Serhant on Creating a Millionaire Mindset -    • Ryan Serhant: What I CHANGED to become a M...   Asking The $100,000,000 Man How To Get Rich | Alex Hormozi -    • Asking The $100,000,000 Man How To Get Ric...   Ep 28: Author of “I Will Teach You To Be Rich” and star of the new Netflix show “How To Get Rich” Ramit Sethi shares the main things you need to know to start investing once and for all. If you still haven’t started investing or are new to it, or even if you’ve done it for years - this episode is for you (yes, it’s for EVERYONE). In this episode, we cover it all: from investing in the S&P 500 to real estate–and he shares which ones are good, better, or the best options. He provides a step-by-step on where to put your money and things to look for when investing. This is the episode financial advisors DON’T want you to listen to. Learn more about Ramit’s Netflix show. “How to Get Rich” here: https://www.iwillteachyoutoberich.com... Join my free 5-Day Investing Challenge to learn how to make your first $10,000 with investing even as a beginner: https://erika.com/investing-challenge... Thanks for tuning in and come back every Tuesday for a brand-new episode! Prefer to listen on the go? Listen wherever you get your podcasts. https://www.erikataughtme.com/follow Did you enjoy the episode?⁠⁠ Please leave us a review here⁠⁠: https://erika.com/review (just scroll to the bottom and tap on “leave a review”) It really helps the podcast especially since we’re just getting started. Even just a sentence is perfect! Follow the podcast @erikataughtme across platforms. Connect with me on Instagram at / erikankullberg and / erikataughtme For more information, go to https://www.erikataughtme.com/ Join Erika Kullberg Insiders, my private personal finance community using this 7-day free trial: https://erika.com/eki/free-trial Join my free 5-Day Savings Challenge to save $1,000 in a month -- without penny pinching or changing your lifestyle: https://erika.com/savings-challenge Read all my latest articles at Erika.com: https://erika.com/home Get on my personal finance & investing course priority waitlist here. https://erika.com/3D-money Get my Mastering YouTube course, to learn how to grow a YouTube following and monetize it. https://erika.com/mastering-YT For more of my free resources: https://erika.com/all-links Timestamps: 00:00 - Intro 01:23 - Most controversial money advice 02:46 - Why you shouldn't buy a house 09:33 - The mistakes you're making when buying a car 13:55 - Financial advisors (and their fees) 17:20 - Investing 101 24:11 - Where the rich are investing their money 29:55 - Low-cost funds to invest in 31:53 - When should you start investing 33:41 - Automating our finances 35:54 - the ladder of investing 38:48 - Tax optimization 39:51 - You want to ask $30,000 questions, not $3 questions 41:04 - Paying off debt 45:29 - How to earn more money 50:18 - Ramit's money rules 58:16 - Ramit's travel rules 01:00:50 - “How To Get Rich” 01:01:10 - Ramit's top 3 money tips 01:01:53 - Ramit Taught Me