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Friday, September 20, 2024

How Much Do I Really Need to Save to Retire Comfortably?


[00:05:04] Adrienne: I would love to tip extra when I go out to eat with people. I would love to also– I don’t know. If I had to dream, like a dream, I would love to create, if I had the money, if this is actually real, to create a scholarship for some people that I know would love to take coaching programs that I love, or to take classes or things like that. I would love to be able to have that kind of generosity in the world. And also really support causes that mean a lot to us, like environmental causes and things like that. And we do give money to charity, but to give a little extra more money to charity.

[00:06:03] Ramit: Let me pause you there, Adrienne. I love what you’re saying. You know what I haven’t heard at all? Is any specifics. So you mentioned tipping. I don’t know how much. You mentioned a scholarship. I don’t know how much. Charity, I don’t know how much. If we’re talking about an extra 2% tip, let’s just say it and be done with it because that’s easy. Look at Rob’s face right now. Rob’s like, what the fuck numbers are you talking about? Just tell me the number. I have the calculation open right now.

[00:06:29] Rob: Fear was coming up as she was describing all of this stuff.

[00:06:32] Ramit: Hold on. Hold on. Hold on. Hold on. Hold on. This is very important. This is amazing. So Adrienne, you’re painting this beautiful vision. I love it. It’s powerful. It’s compelling, and it’s personal. That is a beautiful set of ingredients for a Rich Life.

[00:06:48] Rob did a great job. Rob, first you were clouded by fear. It’s like a cloud. That’s what I see. Fear, it’s a cloud, a poisonous gas you can’t see through, and you inhale. Look at me. And the toxin gets into you. It makes you unable to hear. It even makes you unable to see.

[00:07:13] It’s a noxious green gas cloud around you. That’s fear. That’s how I see it. But we cleared it away, and you were an excellent listener. So let’s try to ground this a little bit. Let’s start with the tipping. I love tipping. I love people who tip. I hate cheap tippers. What percentage do you have in mind in your Rich Life?

[00:07:34] Adrienne: I had 25%.

[00:07:37] Ramit: Love it. So do we all agree from now on you’re going to tip 25%? Is that the new rule?

[00:07:45] Rob: Yeah.

[00:07:47] Ramit: You’re sure? I don’t want to pressure anybody. It’s your money. It’s not mine. Tell me. If you’re worried, this is the time to speak up.

[00:07:53] Rob: I’m not worried. This is what I’ve been tipping mostly. So yeah, it’s fine.

[00:07:57] Ramit: All right. Adrienne, how do you feel about that?

[00:07:59] Adrienne: I feel good about it now that I know that I’m allowed to do it too.

[00:08:05] Ramit: Totally. What do you learn from that example, Adrienne, in describing your Rich Life?

[00:08:10] Adrienne: I learned that Rob and I don’t ask each other a lot of questions.

[00:08:15] Ramit: Correct. You two are not asking each other any questions, so it’s like one person’s just saying something, and then the ball just drops like dead. There’s dead silence here.



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