Dope Tech Episode 2

<<@TomBilyeu says : WARNING: I will never ask for your contact info in the comments section, that is someone impersonating me!>> <<@thecroc says : The rich get richer because the rich can spend more of their income on investments. The poor stay poor because they have no margin for investing. The big elephant in the room is the middle class that DOES have margin for investments but wastes it on consumption instead. The rich will keep on doing what they do. The Poor need to focus on increasing their income before they can think about investing The middle class however need to stop with the excuses, get their spending habits under control and get in on the investing. They will not catch up with warren buffet or become billionaires, however they can definitely get economically comfortable if they really wanted to.>> <<@yvonnehyatt8353 says : The respect and confidence of yourself ,thanks>> <<@justinmadonna3733 says : Everyone who busted out that calculator at 18 and said no to the devils unforgivable loan should not ever be held accountable for the burden of those who did. You got preyed on and fell for it. Tragic and yet tough Schmitt, you signed and accepted your golden handcuffs and now you should have to live with them. It will never be right to make people who didnt get the degree to pay for the ones who did. The great lie America told the boomers was social security, now many boomers have to work in their elderly years to live. The great lie America told millennials was unforgivable student loans. You must pay your due as a debt slave like the boomers who relied on social security need to work .>> <<@HoodClas6 says : He’s off the mark on marriage and finances when one partner wants to spend, spend, spend. Spending money to satisfy one person doesn't meet the needs of the other who wants to live frugally.>> <<@machinewashableOG says : Ramit said "it's so easy, what's the catch?" There is one catch -- investing requires discipline, which most people don't have.>> <<@espressojoe says : I think crisis can negate the first 10 minutes. When covid happened I went all in on airlines, because they were all closing down and stock was dropping, then sold when they started picking back up. I couldn’t figure out, and still don’t know why everyone wasn’t doing that>> <<@nicolatutera8713 says : I’m a physical therapist and only took out $80k for a 3 year doctoral program. I’ve never heard of PT debt being that much>> <<@rowddyone3570 says : Am I the only one who thinks the is table is too high or these chairs are too low , just doesn’t look good>> <<@Kenya1984 says : Love this interview. Ramit is super kind and nice 😂cracked me up how he acted like he’s never heard of this before. I am sure he has heard from a lot of people. I am like Tom😅 are you an money therapist 😂 gosh you are so hilarious and direct.>> <<@DJSTOEK says : ❤❤❤>> <<@survivingthetimes says : Robinhood. 😆 They be robbin' people in the 'hood alright. No serious traders use that.>> <<@IFYOUWANTITGOGETIT says : I like this dude. Very smart and great communicator.>> <<@joanh.7798 says : Tim - why do you have Ramit on your program when you just keep talking about yourself? Oh, you just gave a clue at 13:00.>> <<@theclown888 says : My new pet peeve: podcasters talking about “their company” or “their employees.”>> <<@thechriswrobelexperience1809 says : Amazing when you see free information from a super successful entrepreneur, people still put there head in the sand, and still think they are going to beat the market with individual stocks.>> <<@JayWells-g4e says : The word play is crazy😂buy high😮high on what?>> <<@johnyang1420 says : Buying a house rarely makes sense>> <<@NickyBAudi says : 10 million is good enough for me… I can take a million out a year and live any way which I wish to live. At 75 I will have it on my last double / rule of 72… I started in 2023. I’m 42. I am opening my own AI business so it could happen a lot sooner, but that is the latest date. 33 years from now. If I can make 10 million sooner, I retire from showing up to a job when my business earns 120k. I live in Santa Barbara CA. Cost of living is hi so for just the base level of living a quality life with no major purchases, 120 is the top of spectrum for poverty. I am earning 12-17% a year… conservatively. I would love to have either one of you on my future podcast!!! I agree with everything you are saying…>> <<@TorontoNeurospicyGirl says : I appreciate how KIND Ramit is during those podcast interviews. Unlike a certain financial personality out there who calls everyone who calls into his show stupid on air..>> <<@TorontoNeurospicyGirl says : "You don't need to be perfect to be successfull" 🤯🤯🤯 Ramit, you just blew my mind. I'm a recovering perfectionist. Sometimes I'm so paralyzed with fear of imperfection that I litteraly don't take any steps towards a goal just because I have doubt about my ability to do it perfectly...and if I don't do it perfectly then what's the point of doing it at all. Lately I heard "progress notnperfection" and have tried to really absorb and process it amd use it as a mantra.. .And although it helps sometimes to check stuff off my to do list my it's so hard to feel like I was successfully at something if it was done imperfectly. So my new mantra is going to be: "Progress not perfection, you don't need to be perfect to be successful!" Thank you! 🥹>> <<@gemmaaspiras2792 says : If you feel you have enough you can never be poor….>> <<@sofiaprintemps7116 says : My two favorites delve into financial conversations with such clarity and ease. I wish to connect with a wealthy mentor who can guide me similarly.>> <<@SaltyTaffyFun says : I’m 75. How do I know if I have enough. I feel safe and secure, but I come up with ideas that, if I follow through, will generate revenues. The creative juices are flowing— but why do I want more money? This is a real question for me!>> <<@SaltyTaffyFun says : You talk about reading books— two years ago I found “The Simple Path to Wealth” by JL Collins. Everything you need to know about Index Funds. Excellent!>> <<@SaltyTaffyFun says : I’m in mostly index funds, of all types. In the mid-90s as an early Amazon user (I’m an avid reader and buy books ALL the time) so I was WAITING for Amazon to go public. It was the first stock I ever bought!) When it did, I was able to get $1000 of it for about $24. After 6 mos or so it was at $28. I didn’t want to be greedy so I sold it. Worst investing decision of my life. I determined not to let that happen to me again. So when Facebook was about to go public I contacted my broker and said I wanted $5000 of it. I was able to get 144 shares for $38. I told myself I would never sell. I haven’t. It’s now at $350/share. It might go down but I will never sell. Now (my 3rd foray) I’m in SpaceX, pre-IPO. But MOST of my money is in Index funds!>> <<@Mr_NB628 says : 1:15:22 as somebody that also doesn’t have a table, I am a little offended. I just don’t care, and am not home enough to warrant a table. It is not one of my dials. 😂>> <<@annoravetz5908 says : I look at my cousins: Both their parents went through college, have an advanced degree, very talented and smart. The public education system in their town was below-par. Most of the families were quietly wealthy, and professionals, and they sent their kids to nearby private schools. Therefore, my cousins mostly went into the military or skilled labor. All of them are intelligent and interesting and I love them, but I feel sorry they were shorted by their town’s schools at that point in time.>> <<@annoravetz5908 says : I’m in my 3rd year of “No-Target Year”. So far, so good. It’s insanity in a weekend. The cashier line goes all the way back to the detergent aisle. What a waste of valuable time.>> <<@annoravetz5908 says : They are building SO MANY apartment units in my area. These people who don’t own property in these units are going to have children who are going to need to go to school, which is paid, in large part, by the PROPERTY TAXES OF HOMEOWNERS. As I age, and I live in my house which I have struggled for decades to keep, to house myself and my children through divorce and single parenthood, I really hate to see my property taxes go up, to the point where I struggle to pay them, to educate these kids whose parents are not making the same investment in the town that I have. Moreover, I am afraid the state of public “education” in this country has deteriorated to the point of indoctrination, and indoctrination way-toward the left. The kids graduate with all of these left-leaning biases. They are closed minded, they don’t consider both sides of the issues, and they only value “the source” of an idea, rather than the merits of the idea itself. Meaning if the same idea comes from a left-leaning source, it is more valuable or true than an idea that comes from a right-leaning source.>> <<@xxxBDGxxx says : So, if I understand the Robinhood types of sites is the fact that you can really get yourself into trouble leveraging…etc etc. I’m embarrassed to say this but I just opened said account and started buying a vanguard fund or two and crypto. Did I make a mistake? I’m really really stupid when it comes to money and or investing>> <<@DancerUniversity says : 1) The title of this initially turned me off. It felt like too obvious a hook, but this is a great episode. 2) Can we cut down on the number of ads? 3) U hit home when u called out cheap people who don't have a dining room table 😅>> <<@brocknewmiller448 says : Wait why does anyone have to "beat" anyone? That part confused me.>> <<@KhmerSelbokor says : 22:25 👍🏻>> <<@shafiaahmad4061 says : That's funny cuse I sold my Tesla after the fed announced rate hikes. Took tremendous gains in Tesla and bought at the bottom. Killed the spy. Individual investing can be highly rewarding if you follow the environment and macro conditions. Let's not get started about crypto plays. Don't follow the heard think big and outside the box!>> <<@bornenit309 says : So many scammers in these comments..>> <<@ryane5203 says : Oh poor baby has to go to the back of the plane. This was painful to watch given the state of the world.>> <<@James-t6o6e says : Investing; even in the S&P500 long turn is great; until it's not. One day; like all else, the stock market will crash into not existing.>> <<@academaciated7466 says : Looked in HEX and PULSECHAIN yet? 😉>> <<@Essentialoils4u-72 says : I’ve grown comfortable with Fidelity. For my retirement account I buy FUTY and Freedom Fund 2045. My returns go into my core account and I just keep reinvesting. I get excited 😆 when I make a $1 🤣>> <<@VolatilityTradingStrategies says : Totally inaccurate to say the odds of beating the S&P 500 are virtually zero. Totally completely wrong, and for anybody who doesn't make enough money to save, dangerous as well. For most people, if they compound their money at the rate of the S&P 500, they WILL have a retirement shortfall. If you don't want to actively try to beat the market, fine, but you better save A LOT of money along the way...>> <<@somethingginterestingg4275 says : So this guy is just saying buy index funds and got on your show for it?. Lol>> <<@tspencer661 says : My daughter encourages me to spend money on myself. Yesterday, it was, “Mom, let’s get ice cream.” It’s also been, “Mom, let’s go get facials,…let’s go to a concert, …and let’s go to Mexico.” We’ve done it all. I guess I should thank her for encouraging me to spend money on quality time with her.😊>> <<@ChuckHolland-i4b says : When traveling for work, I drop by super market and eat the same. Pre-made salads, veggies and proteins.>> <<@Spizort says : Tom, school him on the fact that you sell your business, it doesn't have to live 60yrs like SEARS.>> <<@zoebowrey267 says : I love what Tom just said at about 45 mins ❤ Such a perfect perspective 💕✨>> <<@beng1079 says : Closed my bank account, bought BTC at 16k, holding all the way down to 3k and then all the way up to 67k then down to 15k still holding at 26k today. WHY??? Because i belive in it.>> <<@gkatchuk says : Great discussion!!>> <<@ryanguazzo8060 says : You should repost this one>> <<@andygonzales1529 says : Why he dislikes Robinhood ?>>