Netflix financial expert reveals the simple things that are stopping YOU from becoming a multi-millionaire
- Ramit Sethi is a financial pro who is the host of Netflix's How To Get Rich
- He frequently shares money tips online for those looking to become wealthy
- Most recently, he divulged the thoughts that are hindering your path
A financial expert has shared the key factors that are holding you back from becoming a multi-millionaire.
Ramit Sethi is a financial pro who is the host of Netflix's How To Get Rich and the author of I Will Teach You To Be Rich.
He frequently takes to social media to hand out advice about how to become wealthy, and rid yourself of financial burdens once and for all.
The Netflix finance pro recently took to YouTube to detail how the way you talk about money can have a large influence on your bank account.
He lifted the lid on the various phrases that are keeping you from achieving financial freedom and why your parents' mentality surrounding money may have followed you into your adult life.
A financial expert has shared the key factors that are holding you back from becoming a multi-millionaire
At the beginning of the clip, he said: 'We all know someone who makes a lot of money and they spend every cent.
'They could double their income and they still spend every cent.'
The finance guru explained that this impulsive spending was due to their 'money psychology.'
'How you think about money will determine how you act with money and how you grow your wealth,' he added.
Ramit explained that you must 'reprogram your money psychology so you can become a millionaire.'
He noted that money can become your identity - adding that by speaking negatively about your finances, you turn those comments into a self-fulfilling prophecy.
The money pro said: 'If you want to change that story, start by changing the words you use.'
He explained that if you're constantly tearing down your financial status, you will soon start manifesting those thoughts into reality.
Ramit Sethi is a financial pro who is the host of Netflix's How To Get Rich and the author of I Will Teach You To Be Rich
He frequently takes to social media to hand out advice about how to become wealthy, and rid yourself of financial burdens once and for all (stock image)
Ramit noted that these thoughts were known as 'invisible scripts.'
He explained: 'Invisible scripts are usually so subtle that you don't realize that they are there and they influence what you think, what you say, what you do.'
And many people may not even realize that they are sabotaging their road to wealth with the words they say.
He added: 'If you're constantly saying things like, "I'm bad with money," you are probably not going to take the steps to learn about basic finance.'
Similarly, he explained that some phrases aren't meant to be roadblocks, however, they can significantly damage your journey.
One of these phrases has to do with being grateful for what you have in life and while it may seem like a positive reminder to be appreciative, it could actually put you many steps behind.
The Netflix finance pro recently took to YouTube to detail how the way you talk about money can have a large influence on your bank account
And many people may not even realize that they are sabotaging their road to wealth with the words they say
He said: 'Many people think that if you want more, you aren't being appreciative of what you have but this holds you back from bigger and better things.'
And these negative thoughts about money can even translate to your career, noted the financial expert.
He explained that when you begin to doubt your abilities and think you should be happy with what you have, you stop applying yourself.
Specifically, you avoid job listings because you convince yourself you can't get it.
'This is the kind of thinking that keeps you from getting opportunities,' he added.
The last common invisible script was one to do with investing.
'Another invisible script is "investing is only for rich people,"' he said before noting that investing can actually make you rich.
Ramit suggested that people who want to become wealthy reflect on how they were taught to think about money during childhood and and change any negative thoughts surrounding it.
The Netflix financial pro previously shared the secret to garnering a $10,000 raise - with a 'magic' technique that doesn't require any more work
The Netflix financial pro previously shared the secret to garnering a $10,000 raise - with a 'magic' technique that doesn't require any more work.
Ramit starred in the 2023 Netflix docuseries How to Get Rich, has years of professional experience and is the founder of IWT.
According to his LinkedIn, his parents immigrated to the US in the 1970s from India.
'With four kids and one income, they couldn't afford to send me to college so I built a system to apply to 60+ scholarships,' he wrote in his profile description.
He went on to receive a full scholarship to Stanford University, where he earned bachelor's and master's degrees in 2004 and 2005.
However, after graduation, he admitted that he took his first scholarship check, invested it in the stock market, and lost around half of it almost immediately.
This incident inspired him to learn about money which is when he decided that what he learned during his schooling was 'irrelevant.'
