Weren’t you a writer in a past life? Or a marketer??? I think it is all about phrasing 
Don’t sell yourself short either - you have hosted people in the past and therefore sometimes open your restaurant for extremely VIP guests. Build the intrigue.
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I agree with you. I think he didn’t realize how narrow a range of people his advice applies to before starting the podcast, or how unrelatable/rich people problems it would be to most people. I keep seeing people in the comments saying things like, “have more average/low earners on!” and stuff so I think he’s trying to respond to that, but he’s so out of touch I don’t think he can actually help people who aren’t rich people with only emotional problems around money. Not saying “only” like emotional problems around money aren’t a big deal, just that it’s far simpler than people who have emotional stuff with money and not enough money.
Sorry for bad writing, meds today- ironic bc you’re right I was a writer! I did journalism/reporting and also copywriting (marketing and white paper type stuff) and also random ghostwriting. Now I’m a bi-species personal chef. 
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Helping rich people spend was his niche, and he really related because he went through it! He should have stuck with it instead of trying to please everyone. Now it sounds like it’s getting to be a bit of a train wreck.
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One complaint - I like going to youtube to see what the people look like, but I HATE the ads that pop up every 5 minutes. I’m not going to watch on Youtube anymore. Ramit doesn’t need ad revenue from me.
I agree that this kind of situation is definitely not where Ramit excels. I feel so bad for the “wife” in this situation. She really needs to move on!
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Interesting. I don’t know if it is my web browser (Brave), or some tweaking my partner did on our Wi-Fi network, but I don’t get very many ads if I watch YouTube on my computer. I do get occasional ads on my tablet.
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Oh, that’s weird! I had at least 10 while listening through it today!
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I listen to the podcast and just check the youtube channel to see comments, lol.
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Brave has some built in ad blocking, so that could be it!
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I use Chrome with Adblock Plus and ublock origin and I don’t get any YouTube ads at all!
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I watch on the 2nd monitor on my work computer. I don’t have any ability to add or change browsers or ad ad-ons. Super locked-down government security. I’m lucky I can access youtube!
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I got a ton of ads the first time I watched Ramit on Youtube.
This time, I don’t think I got any. I don’t think it was because of anything I did.
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I just got an email from Mad FIentist saying Ramit is on the Mad FIentist podcast. Odds of me listening to this are very low but if someone else does please report back.
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M’lady. tips hat, swooshes cape
(I’m on it, haha, stuck today anyway!)
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I mean I didn’t want to call you out, but also,
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My rich life is critiquing Ramit.
Not a full recap just some thoughts as I listen
He’s been on the podcast before, the host says he has problems spending so this is a personal topic for him.
Ramit starts by saying “the world teaches us to save but nobody teaches us to spend”. This is what we were talking about earlier! Like, the lack of pf education in schools is such a major issue. I don’t know how he can claim that the whole world is obsessed with saving money in a country where we are so terrible at saving money.
He says if you take saving to the logical extreme you start to see saving as good and spending as a sin. I agree. I hope he talks about the identity elephant in the room, because I think that’s a big real thing.
He mentions how when people hear “rich” they picture over-the-top hollywood stuff like butlers and mansions, but that we can all define our rich life. He says you can be rich and have credit card debt! I agree with the first part, lol.
He’s talking about his podcast now. Ramit keeps saying, about his podcast, that most people have never heard a couple talk about money with real numbers. There are other call-in shows about money, lol. The host also asks if Ramit has a psych background and Ramit says “yes, yes, but the show isn’t therapy,” good clarification but he also doesn’t mention it was an undergrad degree, lol.
It’s nice to hear Ramit talking more in his lane about rich people spending problems. I feel like he’s good at this part!
Now the host is asking Ramit about his journal and Ramit literally says, “most people will never buy any book, much less a book on money.” We are but the great unwashed masses to this guy, lmao. I ain’t even got no book learnin’. I just stay in my kitchin’ cookin’ and prayin’ for rain.
The host says thanks to Ramit’s podcast and journal he’s doubled his spending! Huzzah. He also says he’s a “frugal person” so it’s hard for him. Why is Ramit leaving the identity issue on the table? He wouldn’t if this guy had a truck, lol.
They’re talking about a concept from Ramit’s book that says, “Why spend less when you can spend more.” The host is talking about some fancy coffee machine he bought but is saying he struggles to discern between quality and status. He loves his coffee maker but he does not care about status. He wants to spend more on more things but not for status, just for quality.
Ramit says most people only look at things through the lens of cost and they make all their purchasing decisions based on just cost. And the entire restaurant industry laughed in unison.
This episode is mostly a one-on-one of his podcast but with the host of this podcast as the caller. He’s trying to help him spend more money, etc.
The guy asks Ramit why he thinks some people (like himself) have such a visceral reaction to the thought of spending money. And Ramit is still not hitting on identity! This blows my mind! It seems so obvious to me that if you see yourself as the “smart frugal person” and definitely NOT a rich person, and that’s a major point of pride to you…then spending a bunch of money on something fun is a direct attack on your ego, which produces discomfort. It’s such a normal thing in psychology (IME) to talk about how you can get attached to your own trauma and past-struggles. That’s a huge problem bc it stunts your ability to move forward from things, because in a way you don’t want to let go of seeing yourself as struggling in a certain way. You want to keep being part of the underdog group, not the dominant group, or you feel that moving past trauma is the same as saying it was ok or wasn’t hard, or maybe you don’t want to stop getting that “credit” from other people- if people see your life as pretty good and easy compassion from others instantly disappears, and some people see you as part of the enemy group. It’s such a common thing!!! This guy’s whole identity is built around being frugal so…it’s not hard to understand why he’d have trouble accepting he’s a super rich guy who can spend loads of money.
He’s talking a bit about how we shouldn’t see money as an evil or wrong but as a tool. I agree with this a lot. And how we shouldn’t just HOARD it, etc, importance of generosity and other values. I like this part! He’s also talking about how once you’re rich it’s ok to waste money on occasion and not optimize everything. Agree.
That’s a wrap!
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I skimmed through the transcript… he also wrote a new thing called a “no numbers journal” to help people try to visualize their Rich Life. And he said the prime spending years are between 40-60 to enjoy your money but people are stuck thinking they are still 20 and should still spend like they are backpackers. And Mad Fientist was like “omg I’m in my 40’s but it’s hard to realize that”. He and his wife have doubled their spending over the last two years and they’re really loving it. In a move that Marmalade relates to, they tried out Premium Economy and Business Class and said going forward they’re booking Premium Economy for long flights.
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I’m trying Premium Economy for the first time on my next trip! I’m so excited.
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Rich Life!!!
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I can’t speak from personal knowledge but this has to be a result of his growing up in an immigrant community, because yeah myself and most others like me raised on at least a couple generations of white american working class with middle class aspirations have the primary problem of credit and “keeping up with the joneses” disease, which is a significant representation of his most recent guests. Also, I really hope this doesn’t come so simplified as to be stereotyping. But Ramit frequently mentions his upbringing and parental focus on education, which is by no means a universal thing. Don’t want to act like I have extensive knowledge on actual sociologically studied trends on immigrant groups, but logic leads me to believe that starting out with less absolutely leads one to conserve and save more.
Oh, also. Obviously I know not all immigrants are poor.
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Yep! But even the not poor immigrants often come from cultures where we fit Ramit’s mold of saving
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