It’s safe to say that most people wouldn’t pass on the chance to increase their wealth. Whether it’s through working, saving, or investing, we all strive for a better quality of life. That’s why when I came across a Netflix series called How to Get Rich, hosted by financial expert Ramit Sethi, I was intrigued.

This show is based on Sethi’s book I Will Teach You to Be Rich, which offers insights on how to lead a enriched life through smart credit card usage, financial institution strategies, wise investments, conscious spending, and more. The series follows Sethi as he guides individuals from various financial backgrounds in taking charge of their money matters and realizing their financial goals.

However, I couldn’t help but question if watching a Netflix show could truly enhance my financial knowledge. Can it really? Continue reading to discover my candid opinions on How to Get Rich and the important lessons I gleaned from this financial self-help series.

My Thoughts on How to Get Rich

The show entices viewers with the promise of riches without severe sacrifices, but beneath its glossy surface lies solid financial wisdom. Sethi simplifies financial matters by posing intriguing questions like “what is your version of a rich life?” and initiating meaningful dialogues with his audience and participants. The series’ 8 episodes are relatable, and Sethi adeptly addresses complex and emotional topics such as financial psychology, debt management, savings, and retirement, making it accessible and informative for finance newcomers and experts alike.

The Key Takeaways I Learned From Watching How to Get Rich

1. Adopt conscious spending habits

A conscious spending plan gives you the freedom to splurge on what you love and cut expenses on non-essentials. By looking ahead with your spending, you can save more efficiently and allocate your resources based on your priorities and lifestyle.

2. Define what a rich life means to you

Sethi emphasizes that everyone’s concept of a rich life is unique and extends beyond monetary riches. Understanding what a rich life entails for you allows you to spend consciously and turn your aspirations into reality.

3. Craft a financial roadmap

It’s crucial to have a clear plan for your finances to prevent aimless spending. By defining your financial goals, you can steer your resources towards achieving them.

4. Be proactive with your finances

Taking control of your financial situation requires proactive measures like renegotiating fees, seeking reimbursements for faulty purchases, and being aware of your expenses. Ignoring financial matters won’t lead to wealth accumulation.

5. Confront and address debt

Avoiding debt only leads to more financial burden in the long run. Addressing debt promptly, negotiating repayments, or seeking refinancing options are essential steps towards financial well-being.

6. Money habits trump income levels

Even individuals with high earnings can struggle with poor money management habits. Breaking these patterns is vital for achieving financial stability, regardless of your income level.

7. Homeownership isn’t the only path to success

Sethi challenges the notion that homeownership guarantees financial security. Renting can be a financially savvy choice, and it’s essential to evaluate the costs and benefits of both options before making a decision.

Ramit Sethi’s Questions To Ask Yourself if You Want To Buy a House:

  • Is the total housing cost less than 28% of my gross income?
  • Have I saved 20% for the down payment?
  • Am I planning to live there for at least 10 years?

8. Invest in self-enhancement

Investing in personal growth, whether through education, career advancements, retirement planning, or debt reduction, aligns your financial decisions with your values and goals, leading to a more enriching life.


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