Tag Archives: Ramit
Netflix’s Ramit Sethi Breaks Down FIRE: What It Is, What He Thinks The Cons Are And What To Do Instead
Lifestyle For multi-millionaire and best-selling author Ramit Sethi, the moment he realised he didn't have to work anymore was pivotal. At 42, Sethi's investments were generating far more income than his expenses. In a recent YouTube video, the host of Netflix's How To Get Rich explained how the FIRE (Financial Independence Retire Early) movement combines long-established financial concepts developed by experts.Sethi believes that financial independence is achieved when you reach the "crossover point," where your investments produce enough income to cover expenses. This idea of "money making money" was first introduced by Vicky Robin and Joe Dominguez in their influential book Your Money or Your Life. Once you hit this point, Sethi says you have the freedom to work—or not—because your investments can sustain your lifestyle. Together, these concepts form the foundation of the FIRE...
