Anyone watching How To Get Rich on Netflix?

[theninthwall]

We started watching How To Get Rich after seeing it in the trending list on Netflix. It's mostly fairly basic financial advice that isn't going to shock most readers of this forum, and it's certainly nowhere near as facepunchy as it could be, but it does have some good moments. I particularly appreciated the host dismantling the 'You must buy a house!' mindset.
It's also fascinating in a slightly voyeuristic way to see how couples handle their finances together, or rather, how they don't.

[Psychstache]

We started watching How To Get Rich after seeing it in the trending list on Netflix. It's mostly fairly basic financial advice that isn't going to shock most readers of this forum, and it's certainly nowhere near as facepunchy as it could be, but it does have some good moments. I particularly appreciated the host dismantling the 'You must buy a house!' mindset.
It's also fascinating in a slightly voyeuristic way to see how couples handle their finances together, or rather, how they don't.

Is this Ramit Sethi's new show? I plan to add it to the queue.

[theninthwall]

Yes, it is. I wasn't familiar with him but I might search out his podcast and have a listen.

[lifeisshort123]

I've always found his website to make him a bit of a charlatan, or someone who caters to millennials or gen-zers just out of college who feel hopeless.

hopefully the show has some good information.  I don't buy Netflix.  too expensive. 

[Louise]

I've watched a few episodes. I think he has a good personality for a show like this, but it doesn't feel like he's solving any problems (or at least showing people how to use their good incomes to solve their problems). Maybe there just isn't enough math for me. I'm not even sure why some people are on the show in the first place.

[obstinate]

The people who are shown in the first episode have much bigger problems than money. They treat each other with contempt, especially the wife to the husband. She doesn't even let him have access to the bank account! Unless he has a demonstrated irresponsibility with money, which wasn't in the part I could bear to watch, then it's unacceptable. It's not a relationship of equals. If a man did this to his stay at home wife he would be considered a brute, pretty much universally among civilized people.

The husband in turn needs to see to his own self-actualization needs. If he feels unfulfilled as a stay at home dad, then fucking get a job and a nanny. You're an electrical engineer for chrissakes. Pretty much any job that requires your skillset would be sufficient to pay for childcare, even net of taxes.

Basically I can scarcely credit it as being real. Who would willingly act this way in front of the camera? Put their business in the streets like this? You'd have to be an absolute degenerate or care nothing about your reputation. What if your friends see it? I cannot imagine.

Maybe it's a reenactment of a real conversation Mr. Sethi had with someone else?

[Finances_With_Purpose]

Watched the whole series.  Love it. 

Ramit's thing is to not tell people what to do with a spreadsheet, but just kind of facilitate them figuring out their options - which is, psychologically, more likely to result in actual lasting change. 

And yes, I assume that the producers decided to cast the show with strong personalities and large challenges for him.  The most grating was the couple who fight a lot.  You'll like how it ends up, though, I think, without giving any spoilers. 

[lhamo]

The people who are shown in the first episode have much bigger problems than money. They treat each other with contempt, especially the wife to the husband. She doesn't even let him have access to the bank account! Unless he has a demonstrated irresponsibility with money, which wasn't in the part I could bear to watch, then it's unacceptable. It's not a relationship of equals. If a man did this to his stay at home wife he would be considered a brute, pretty much universally among civilized people.

The husband in turn needs to see to his own self-actualization needs. If he feels unfulfilled as a stay at home dad, then fucking get a job and a nanny. You're an electrical engineer for chrissakes. Pretty much any job that requires your skillset would be sufficient to pay for childcare, even net of taxes.

Basically I can scarcely credit it as being real. Who would willingly act this way in front of the camera? Put their business in the streets like this? You'd have to be an absolute degenerate or care nothing about your reputation. What if your friends see it? I cannot imagine.

Maybe it's a reenactment of a real conversation Mr. Sethi had with someone else?

He's doing a follow up with them on his podcast this coming Thursday, 4/27

[joe189man]

Watched the whole series.  Love it. 

Ramit's thing is to not tell people what to do with a spreadsheet, but just kind of facilitate them figuring out their options - which is, psychologically, more likely to result in actual lasting change. 

And yes, I assume that the producers decided to cast the show with strong personalities and large challenges for him.  The most grating was the couple who fight a lot.  You'll like how it ends up, though, I think, without giving any spoilers.

Agreed, watched all of it and enjoyed it
The show feels like financial baby steps for novices, but there are things that can be useful for anyone

in all transparency, i bought one of his side hustle classes a few years ago - and found it to be not worth it - with many similar resources available for free online. It was a mistake. but he still has good content, i just dont want to pay for it

[Philociraptor]

Watched the first 2 episodes so far, really liking it and would definitely recommend to several people in my life; I think it would help hold up a mirror to their own money habits.

The spectrum of being responsible with your money runs from ERE to MMM to IWTYTBR and beyond. We've always fallen much closer to the IWTYTBR end of the spectrum, but use the ERE/MMM end to guide and inspire in areas where we don't care to spend extra. Have been a fan of Ramit for awhile, used to listen to the podcast until I got rid of my commute. Excited to watch the rest of the show.

[the barefoot badger]

I saw the series and then read his book, I Will Teach You To Be Rich.  It is definitely baby step advice for 20-somethings and the utterly clueless, and while he does mention FIRE toward the end of the book, he's mostly about living as a millennial without blowing your entire future.  He's big on setting up a target date fund for retirement and then walking away from the investing side of life in preference for the Living side.   Honestly, I've been focused happily on the investing side so long my Living has taken care of itself!

[RainyDay]

I've watched a few episodes and really appreciate his non-judgmental way of helping people. Spend money on whatever you like! Just be aware of how it *really* impacts your life.

I was flabbergasted by the woman who received $25,000 per month in child support, but somehow couldn't afford her daughter's college tuition.  (also, what happens when the kid turns 18 and the payments stop? Clearly mom had no thought for the future, which couldn't be that far away.)

[lifeisshort123]

I've never cared for his articles.  I've never heard the podcast or seen the show.  I found his website a few years ago and found it to be very light on actual tangible details to help people, and very big on general feelings.  He was also very big on selling courses or classes - especially courses and classes that would help you increase your earning potential.

Frankly, his website felt like it might be best for people just starting out - say right out of college, trying to find a first job, or perhaps more likely having a first job they truly hated, and not sure what they are supposed to do next.  For people more established, it didn't feel like it would be a great way to go.  And I personally found his articles to be very patronizing.

[TheGrimSqueaker]

I've seen a few of his YouTube IWTYTBR episodes. The ones I've seen have all been with couples, and it came across more like couples' counseling with a financial theme. He emphasized the fact that everyone has a financial history and exposure to family attitudes toward money, not all of which are healthy. People's financial communication styles really can come out of earlier experiences. All the couples did appear to be open to different ways of doing things.

One of his ideas that I think is especially useful is his notion of "guilt free spending". There's a fine line between frugality and cheapness, and between saving and hoarding. How much a person can afford to spend, guilt free, is dependent on the size of the 'stache and the performance of the investments, but the emotional attitude to enjoying a well-earned, affordable luxury is important. How *much* of one's income should be spent may vary depending on income and how far a person is along the FIRE path, and I don't think the show addresses it in as much of a nuanced way as the discussions on this board, but the idea of guilt-free enjoyment is something I held onto.

[HPstache]

I've watched a few episodes and really appreciate his non-judgmental way of helping people. Spend money on whatever you like! Just be aware of how it *really* impacts your life.

I was flabbergasted by the woman who received $25,000 per month in child support, but somehow couldn't afford her daughter's college tuition.  (also, what happens when the kid turns 18 and the payments stop? Clearly mom had no thought for the future, which couldn't be that far away.)

I think that's why she was maybe trying to start the restaurant?  That was a crazy eye opening episode though.

My wife and I have been watching the show and been enjoying it.  Seems like a lot of the couples have separate finances which is as much of a cluster as I have always imagined it to be.

[ca-rn]

 
I know this is a super old post but I just started watching this series and its good! 

I'd recommend it to others-especially folks that aren't financially savvy.  I bought and read his book and gave it away to someone I was hoping might learn a thing or two but.... maybe watching this series will spark their interest vs a book.

I mostly appreciate that something super important yet ignored- budget/debt/investing is being shown in a bite sized easy to understand/relate series to the masses! 

Hearing about how much incredible debt some of them have made me super anxious though, ugh!