On the premiere episode of Executive Exchange, senior editor and host Ruth Umoh sits down with personal finance guru Ramit Sethi in our Fortune studios to discuss how he was able to achieve self-made millionaire status (Hint: He invested early in Amazon), his hate for Robinhood, and how he wound up hosting his own Netflix show titled, "How To Get Rich."

Ramit is also the author of the 2009 New York Times bestseller, "I Will Teach You To Be Rich," and podcast host with the same moniker. His money advice may be seen as a bit new age, rather than not spending money on a latte or avocado toast, Ramit encourages people to live their rich life and think critically about the things you purchase in your life that will make you happy.

Ramit dives deep on why he personally rents instead of owns a home and breaks down the cost of when it's the right time to buy a house. He advises that total housing costs should be less than 28% of your gross income.

Ramit also says that 90+% of people do not need a financial advisor, but he does relate to managing money as parenting your kids. He says it affects where we live, what we eat, and who we are as a people. Even saying that money is a political topic, whether you agree with that or not.

00:00 - This Is Ramit Sethi
00:47 - Ramit's Path To Self-Made Millionaire Status
02:13 - Financial Wisdom From Parents
03:34 - Output To Get Rich
04:32 - What Is A Rich Life?
06:15 - People's Perception Of A Rich Life
07:32 - Navigating A Rich Life
08:59 - Conscious Spending
11:29 - Cutting Money Ruthlessly
14:12 - Preferred Ratio Of Buying A House
16:31 - Tips To Save Money
18:16 - Young Investing Story
20:23 - Hate For Robinhood
22:33 - Down On Crypto
23:36 - When To Use Financial Advisors
27:03 - Buying Vs. Renting
33:28 - Having The Means To Buy A House
36:13 - Phantom Car Costs
37:47 - Inflation Impact
40:18 - Buying Power
40:59 - Financial Planning For Ramit's Wedding
43:32 - When To Talk Finances With Your Partner
45:45 - Fun Funds
47:08 - Rich Life Review
49:13 - Callout To How To Get Rich
49:44 - Rapid Fire Questions
51:38 - Looking At Money As Safety
52:28 - Outro

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