Anonymous wrote:Is it me or does a lot of his advice seem ripped off from bad weight loss groups?

Say “Yes” to what you love, reframe your mindset, create your own rules!
So funny and kinda true thinking about it.

Anonymous wrote:

Anonymous wrote:I’m listening to his podcast and 22 minutes into episode 16 he says:

One of my favorite things to do is to read forums where ultra high net worth people share their f***ing delusional philosophies on money. I’m obsessed with this one mommy forum, it’s called DC Urban Mom and there’s a discussion thread where someone who has $30 million says they can’t afford to fly private. Not even once. They said maybe when we have $100 million. …the same forum has other threads where someone who makes $250k a year says they can’t go on vacation.

I think it’s great that DCUM routinely recommends Ramit’s book while he comes here to laugh at how insane we all are. The full quote has more swearing it haha y’all got him fired up.

Have you considered that maybe it's Ramit himself recommending his book here?

+1, makes sense

Is it me or does a lot of his advice seem ripped off from bad weight loss groups?

Anonymous wrote:What a dumb comment. There are thousands of people who use this site. Some percentage of them are mentally ill. For Some percentage of those, their illness manifests in a pathological inability to enjoy the money they’ve earned (or inherited but mostly I think this is found among people who earned it).

Do we know how many people view this site and the posts? I bet its more than thousands....

Anonymous wrote:

I didn't say most people would have that much of NW. I said IF you're reasonably disciplined. Most Americans are not in term of savings and investments.

This is so out of touch. The reason most Americans will never have $5m net worth is not because they are not disciplined - it's because they will never make enough money to feed and house their families with enough left over to accumulate that kind of wealth. Most Americans are not making $200k a year. Get out of your bubble.

For those who do have 200k+ HHI, vast majority of them are not disciplined. There're trade offs in life. When you prioritize other things over savings and investments, you won't have a large NW. It's that simple. It's nothing wrong though. Personal choice.

Anonymous wrote:

forums where ultra high net worth people

What are the other forums?

r/FatFire

I didn't say most people would have that much of NW. I said IF you're reasonably disciplined. Most Americans are not in term of savings and investments.

This is so out of touch. The reason most Americans will never have $5m net worth is not because they are not disciplined - it's because they will never make enough money to feed and house their families with enough left over to accumulate that kind of wealth. Most Americans are not making $200k a year. Get out of your bubble.

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Anonymous wrote:Most people who post here are lying. Everyone knows that. That’s what makes it funny to read.

If everyone lied that would make DCUM boring. What makes it fascinating, is that people reveal their true lives, financial and otherwise

This. It’s not like we can talk with friends that we have a 7 plus figure net worth, or 4 investment properties, or high value funded 529. We live modestly and you would never guess so. Only on an anonymous board.

Right. I’m not one of you, but of course there is that kind of money in this area and I’m sure some of you are bored enough to come on here.

7 figure NW at your 50s or late 40s is nothing. Actually, $5M NW isn't that hard if you stayed relatively disciplined (max 401k/IRA, invest in S&P index and not time the market).

Sorry but you are way out of touch. Look up average retirement savings and ne worth for typical American.

5m net worth by 50 is probably top 5% or so if I had to guess.

I didn't say most people would have that much of NW. I said IF you're reasonably disciplined. Most Americans are not in term of savings and investments.

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Anonymous wrote:

Anonymous wrote:Most people who post here are lying. Everyone knows that. That’s what makes it funny to read.

If everyone lied that would make DCUM boring. What makes it fascinating, is that people reveal their true lives, financial and otherwise

This. It’s not like we can talk with friends that we have a 7 plus figure net worth, or 4 investment properties, or high value funded 529. We live modestly and you would never guess so. Only on an anonymous board.

Right. I’m not one of you, but of course there is that kind of money in this area and I’m sure some of you are bored enough to come on here.

7 figure NW at your 50s or late 40s is nothing. Actually, $5M NW isn't that hard if you stayed relatively disciplined (max 401k/IRA, invest in S&P index and not time the market).

Sorry but you are way out of touch. Look up average retirement savings and ne worth for typical American.

5m net worth by 50 is probably top 5% or so if I had to guess.

Anonymous wrote:

Anonymous wrote:I’m listening to his podcast and 22 minutes into episode 16 he says:

One of my favorite things to do is to read forums where ultra high net worth people share their f***ing delusional philosophies on money. I’m obsessed with this one mommy forum, it’s called DC Urban Mom and there’s a discussion thread where someone who has $30 million says they can’t afford to fly private. Not even once. They said maybe when we have $100 million. …the same forum has other threads where someone who makes $250k a year says they can’t go on vacation.

I think it’s great that DCUM routinely recommends Ramit’s book while he comes here to laugh at how insane we all are. The full quote has more swearing it haha y’all got him fired up.

He sounds like a f'ing misogynist and he's exaggerating what goes on here. This site is anonymous and we have trolls who come on to make these comments to stir things up.

Because he called it a mommy forum or what?

Anonymous wrote:I’m listening to his podcast and 22 minutes into episode 16 he says:

One of my favorite things to do is to read forums where ultra high net worth people share their f***ing delusional philosophies on money. I’m obsessed with this one mommy forum, it’s called DC Urban Mom and there’s a discussion thread where someone who has $30 million says they can’t afford to fly private. Not even once. They said maybe when we have $100 million. …the same forum has other threads where someone who makes $250k a year says they can’t go on vacation.

I think it’s great that DCUM routinely recommends Ramit’s book while he comes here to laugh at how insane we all are. The full quote has more swearing it haha y’all got him fired up.

He sounds like a f'ing misogynist and he's exaggerating what goes on here. This site is anonymous and we have trolls who come on to make these comments to stir things up.

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Anonymous wrote:Most people who post here are lying. Everyone knows that. That’s what makes it funny to read.

If everyone lied that would make DCUM boring. What makes it fascinating, is that people reveal their true lives, financial and otherwise

This. It’s not like we can talk with friends that we have a 7 plus figure net worth, or 4 investment properties, or high value funded 529. We live modestly and you would never guess so. Only on an anonymous board.

Right. I’m not one of you, but of course there is that kind of money in this area and I’m sure some of you are bored enough to come on here.

7 figure NW at your 50s or late 40s is nothing. Actually, $5M NW isn't that hard if you stayed relatively disciplined (max 401k/IRA, invest in S&P index and not time the market).

I agree its "nothing" in the sense that its not hard to achieve by anyone with a reasonable income and discipline, in my experience many people with a higher income than we have do not have much discipline at all and have no idea where their money goes. We have good friends who make $1M year. We make $400k and have double their net worth. They literally have "no idea where the money goes" (their words) because their life isn't that much nicer than ours other than they have two kids in expensive private school, but that only accounts for $100k/year. I guess they pi$$ the rest away on Amazon/Target and takeout? No clue. Their home isn't any nicer or more remodeled than ours. They do have a modest second home but they don't vacation at all and we vacation a lot. Who knows.

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Anonymous wrote:Joke’s on Ramit. Who believes that someone worth $30 million is going to be whining on an Internet forum?

There is someone here who posts not infrequently who reports having a NW OF $30 million or thereabouts and also talks about a lot of donations to charity. They may also have said they are not rich enough to fly private.

There was a poster on here who said they have a $6B (B as in billion) IRA.

I mean, I can come on here and say I’m
the Princess of Wales.

But you’d be lying, because I am the Princess of Wales.

Sorry gang, my daughter claims to be the Princess of Whales and I know she’s not posting here.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Joke’s on Ramit. Who believes that someone worth $30 million is going to be whining on an Internet forum?

There is someone here who posts not infrequently who reports having a NW OF $30 million or thereabouts and also talks about a lot of donations to charity. They may also have said they are not rich enough to fly private.

There was a poster on here who said they have a $6B (B as in billion) IRA.

I mean, I can come on here and say I’m
the Princess of Wales.

But you’d be lying, because I am the Princess of Wales.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Most people who post here are lying. Everyone knows that. That’s what makes it funny to read.

If everyone lied that would make DCUM boring. What makes it fascinating, is that people reveal their true lives, financial and otherwise

This. It’s not like we can talk with friends that we have a 7 plus figure net worth, or 4 investment properties, or high value funded 529. We live modestly and you would never guess so. Only on an anonymous board.

Right. I’m not one of you, but of course there is that kind of money in this area and I’m sure some of you are bored enough to come on here.

7 figure NW at your 50s or late 40s is nothing. Actually, $5M NW isn't that hard if you stayed relatively disciplined (max 401k/IRA, invest in S&P index and not time the market).