Ramit Sethi: His New Netflix Show, How To Stand Out & Spend Your Money

You actually deeply understand personal finance. So, you know that, kind of like making turkey dinner for Thanksgiving, once you put it in the oven, you let that thing cook. Do not fiddle around with it; you're just messing it up. But it's really hard, even for super smart people, especially entrepreneurs who love control, they really feel the need to fiddle around, and it's so counterproductive with investing.

Do I save and invest 12% per year? Okay, great. What if my partner and I make an agreement every year we're going to increase that number by 1%? If you just made that decision alone, that's worth hundreds of thousands of dollars—more than all the coffee you'll ever buy in your life combined.

The real lesson there is don't try to pick individual stocks; pick a nice target date fund or index fund, and then let it ride, and you will have more money than you know what to do with.

We have to be very, very conscious of the things we buy, because once they come into our home and once they become part of our identity, it is almost impossible to get rid of them.

I guess I have something against right-wing extremism. So, yeah, I'm pretty straightforward and direct about that ... I don't accept it, and like, fuck that. And I talk about raising taxes on the rich, including me. I go, yeah, we should. I pay historically low taxes. We should.

You know, some people, they think differently, or they get a thrill from investing. I don't get a thrill from investing; I get a thrill from staying in luxury hotels—that's what I love.

I'm a huge fan of index funds, and average returns of 7-8% are actually phenomenal if you understand compound interest and time. That is a lot of money.

More Americans would be comfortable talking about their sex lives than their credit card debt. That's actually research.

If you have money, it enables you to build a better business—better people, better design, better talent, better all of it. And I didn't get that for a few years.