Global Resilience Solutions > Category:Ramit Sethi

Lifehack: Confidence and Risk-Taking

Whatever the mind can conceive and believe it can achieve.

-Napoleon Hill


Whether you’re building your network or pitching a product or angling for a raise or launching your own business, there is one thing you will inescapably have to face: risk. Whether the risk is social ridicule, failure of a product, the inability to repay a loan or loss of credibility, the prospect of failure can be a terrifying one for many people. That’s understandable. Failure affects not only our own lives, but the people around us. If your belief in yourself is low to begin with, you might not be able to cope with the impact of failure well enough to try again.

Unfortunately, failure is also how we learn. The people who’ve succeeded the most are generally speaking also the people who have failed the most. Except for one thing: they don’t call it failure. It’s simply experimental data that needs to be adjusted for. That’s the difference between a setback and a defeat.

What’s the one key to defeat-proofing yourself? For that, you need an almost ridiculous reservoir of confidence and optimism.

For People Who Want to Take Control of Their Finances, But Can’t Get Started

When was the last time you wrote out a comprehensive personal budget?  When was the last time you stuck to that budget?  How many times have you created a budget that ended up bearing no resemblance to what actually happened?  If you’re like most people, the answers to those questions are “Before I gave up,” “Never,” and “Every time.”  And that’s fine, because this blog post is about NOT creating a budget.


Ramit Sethi, author of the book and website both entitled I Will Teach You To Be Rich, began thinking about the intersection between psychology and personal finance in college.  He realised that there are certain tactics used by personal finance advisors of all stripes that never or seldom work.  You’ve all seen them- the complicated charts and equations, the complicated budgeting tools, and above all the guilt.  Financial advisors make taking control of your financial future seem like an immensely complicated, time-consuming process requiring years of study and endless hours of your time.  And in the end, it’s all about what you can’t do and what you have to do with your money to secure your financial future.  You must sock away thus and so much money, and no, you can’t go to the movie theatre or eat out or take a vacation.



Ramit realised that in order to get you to take positive steps with your personal finances, you have to feel positively about it.  You have to feel like you’re in control, you’re going somewhere, you’re working toward the life you want.  Ramit’s system, once you tailor it to your own situation (which he shows you how to do), is essentially automatic.  Rather than creating a budget, you divide your income according to the different things you need it to do.  AND… part of that is guilt-free spending money.




Essential to this process is the idea of conscious spending.  You save on the things you’re not passionate about in order to redirect money toward the goals you really want to accomplish.  Everything in this process is about taking control of your financial direction and working toward goals that resonate with you- even if one of those goals is a morning latte.  That way, your motivation to manage your money and save is backed not only by a concrete objective, but by your vision of the life you want to live.


If you want to…

  • Take control of your finances with very little time investment or hassle
  • Automate your financial life so that you can manage it in as little as an hour per month
  • Be debt-free
  • Improve your credit rating
  • Learn easy ways to increase your income through investment
  • Focus your financial resources to achieve goals you are passionate about


…Then “invest” the time to watch Ramit’s video, above, for a brief explanation of his approach, and consider reading the book or visiting the website.


~ Dr. Symeon Rodger