#371: Ramit Sethi — Automating Finances, Negotiating Prenups, Disagreeing with Tim, and More

Spend extravagantly on the things you love, and cut costs mercilessly on the things you don’t

For every major purchase in your life and every major decision, spend the time. Most of us should spend less time on most decisions and A LOT more time on a few key decisions

If you ever see a book you’re even remotely interested in, buy it

In America, we’ve been told so many times that real estate is the best investment and in my opinion, that’s just not true a lot of the time

Test your assumptions and try to be aware of what rules or biases you’re following that you arrived at through logic/reasoning versus having just absorbed them from your surroundings

There’s a limit to how much you can save, there’s no limit to how much you can earn

Money actually should be bifurcated... its spending very little on the things you don't like and going extravagant on the things you do

In life, you don’t get what you deserve, you get what you negotiate

Everything important in life should be opt-out rather than opt-in

The best morning routine is decided the day before, the week before, even the year before

Have a couple of areas in life where you have no budget whatsoever

By making that decision and putting it in the calendar, you preserve your brain power and emotional resistance for other stuff that’s less predictable

If you’re going to buy a house, you want to plan on being there at least 7-10 years minimum so you can eat the cost of the transaction fees

The macro question I think that's worth asking is, 'Is this person succeeding because of or despite what I'm looking at?'

For me, if it's not in the calendar, it's just not real

Invisible scripts are beliefs that are so deeply held in our culture that we don’t even realize they’re beliefs, we just think they’re axioms

The Noah Kagan Coffee Challenge

A fool and his money are soon separated

Cultivating the muscle used for asking for things is so incredible

Tools are byproducts of principles or strategies

It’s easy to become a tool fetishist without understanding what you’re doing

People love to define themselves by what they're not as opposed to what they want

Ramit aims to save/invest at least 20 to 30 percent of his income

The best morning routine is decided a year ago