Ramit Sethi net worth is around $25 million.
Ramit is the founder of iwillteachyoutoberich.com and author of the New York Times bestseller book: “I will teach you to be Rich”.
He started his blog in 2004 when he was studying technology. His work has been featured in many popular magazines such as The Wall Street Journal, Forbes, and Fortune Magazine.
Ramot started his first business by selling just a $4.95 eBook. So, how did Ramit go from zero to earning more than a million dollars every year?
Who is Ramit Sethi?
Ramit was born in 1982 in California, United States. He is the author of New York’s best-selling I will teach you to be rich which he authored in 2009.
He completed his initial studies at Bella Vista High School in Fair Oaks, California. After that, he completed his graduate degree from Stanford University. Later, he completed his master’s in sociology showing immense skills in psychology.
What are Ramit Sethi’s exciting numbers?
- Ramit’s net worth is around $25 Million.
- His blog has over 1,000,000 readers every month.
- His YouTube channel has over 195k subscribers from around the world.
- Ramit has over 200k followers on Twitter.
Ramit Sethi Career
Ramit is a well-known author with many highly recognized publications. One of his best books is one that teaches fundamental strategies for personal finance. The name of the book that made him famous is I Will Teach You to Be Rich which later became a New York Times bestseller.
He is the founder of a very useful website that gives advice about investing- GrowthLab.com.
Besides this, he also runs various blogs and popular courses to teach about entrepreneurship and finance.
These include Earn 1k, Find Your Dream Job, Ramit’s Brain Trust, Zero to Launch, Call to Action, and Accelerator. PBworks.
He shares insightful thoughts on Twitter:
I asked my readers what they’re thankful for. Here are some of their responses pic.twitter.com/u4jrKUOrkB
— Ramit Sethi (@ramit) November 25, 2021
How did Ramit Sethi earn his net worth?
Ramit Sethi made this fortune through his companies, writing books, and blogging. He did not use any loans to create this net worth. He used his creative thinking to create great net worth.
So, how did Ramit Sethi net worth reach $25 million?
In 2009, Sethi published I Will Teach You To Be Rich and it has been a huge hit ever since. Today, he also runs a website of the same name. He also founded PBworks, a commercial informational website.
But what is so special about his advice on how to become wealthy and boost your net worth?
His Big Wins manifesto is all about identifying the key areas where you can make small improvements that lead to big wins.
I Will Teach You To Be Rich is about making money, saving more of it, and investing smarter. The book gives readers six steps for investment success.
Ramit’s net comes from these blogs and popular selling courses which contribute majorly to his net worth.
10 Inspiring Life Lessons from Ramit Sethi, IWT Founder
Here is what we can learn from Ramit Sethi and try to replicate the success to reach from $0 to $25 million dollar worth.
1. Create Systems to achieve goals
If you want to earn $100 in the next month, write out what your daily routine would look like in order to achieve that goal. How much time will you spend?
What actions are required?
Break down all these tasks into daily actions and then do them if you want to execute your goal successfully.
Thus, in order to build a system, you first need to know what you want to achieve. Now, there is a difference between the system and the goals that you have.
Goals mean the objective that you want to fulfill whereas the system means the process that you will be taking up to achieve this objective.
For example, if you are a blogger, your goal might be earning $100k from the blog. The system involves creating the content, building the audience, generating traffic, and turning that traffic into massive profits.
Lesson 2: Start bit by bit
But what if you are starting small? Ramit suggests the following tips to grow big- Start with an audience that is small but highly targeted.
The second tip is about creating a product or service that is capable of scaling up in the future. For example, if you are an e-commerce store, start by selling highly demanded products.
The third tip is to understand the psychology of money. Ask yourself which type of income you want to earn- recurring or one-time?
Lesson 3: Earn side income
Do you want to earn $100 in your spare time?
Ramit suggests that you start by developing a product or service on the side. Besides this, he also encourages new entrepreneurs to start their businesses without quitting their full-time job.
For example, if you are working full time at an office, set aside some time for blogging after work hours.
For instance, if you are working weekdays from 9 to 5, start weekdays only blogging after 6 PM. This will slowly but gradually increase your blog earnings.
Lesson 4: Focus more on Action
This lesson is about how to get things done even when you do not feel like doing them.
First, create a compelling reason to take action. For example, if you want to earn $25k in your online business or blog then remember why you started it in the first place. The key is to keep reminding yourself of your goal and make sure it gets done.
The second tip is to create a step-by-step list of the actions required to achieve your goal. If you want to earn $150k from blogging, jot down all the necessary tasks that will bring you closer to your target earning amount.
The third tip is to do one thing at a time and finish it before going on to other tasks. Look at what you have to do, focus on the most important task, and then just go ahead with it.
Lesson 5: Create courses with HUGE value and higher returns
Would you like to grow your online course business? This is an amazing lesson for all of us who are looking forward to creating a course that can be sold for money.
Ramit suggests that you need to start by outlining what value your course will offer. After this, follow the four steps for creating a course-
- Outline the concept of your online class
- Create a product roadmap
- Build out the content
- Launch your class and promote it.
The last step is all about following the customer journey and understanding why they purchased your course.
Lesson 6: Understand the psychology of money
The best way to understand the psychology of money is by asking yourself two questions- Do you prefer time or money?
If you prefer time, this means that you are more inclined towards earning passive income. If you want to earn money, this means that you are more inclined towards earning active income.
The second question to ask yourself is- Would you rather own $1 million of assets or $1 million in cash? If you prefer owning $1 million of assets, it means that you are more likely to invest your money.
On the other hand, if you would prefer $1 million in cash, it means that you are more likely to spend your money.
Lesson 7: Build relationships
Ramit suggests that you watch how he networked with top bloggers and thought leaders of the internet marketing world even before creating his online course on earning six figures from blogging.
He did this by watching how they launched their courses and other products.
He was able to contact several influencers who were top bloggers in their domain and ended up talking about the idea of his online course. This helped him gather valuable feedback which eventually made him launch an eBook on how to earn six figures from blogging.
Lesson 8: Take slow steps to success
Ramit says that you must never do this because it will only end up in frustration. Instead, he suggests that you start small by taking baby steps that can slowly help you build a foundation for future growth.
This will be a slow process but it is definitely worth it.
In order to achieve your goal, you must take small steps and also stay patient because there are no quick paths to success.
For example, you can start by writing one blog post a week and then move on to creating your first online course.
Lesson 9: Never forget the power of Social Media
In 2021, there are 4.48 billion people actively using social media in the world. Is social media something that you can afford to ignore?
Ramit suggests that you be an early adopter of new platforms because this will help you gather useful data. This will also allow you to engage with your audience directly who are online at the same time as you are.
You can use Facebook, Instagram, LinkedIn, or other platforms to grow your online presence and help you engage with other influencers as well.
Lesson 10: Build your best team
Ramit says that it is important to find people who will push you towards success because they believe in the same goals as you do.
Ramit hires the best people for his team. Most of them have worked at places like tech startups, marketing companies, and Fortune 100 companies. If you want to join his team as well, you can check out the careers page on his blog.
They should be optimistic, though, and smart enough to give relevant feedback.
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Conclusion: Ramit Sethi Net Worth
If you are looking for a new way to think about money, invest in yourself. Follow Ramit Sethi’s advice and be fearless with your finances.
Be open-minded when it comes the how much investment is necessary to build wealth.
P.S. This idea can be used by everyone who is looking for ways to make money online, but the ideal type of person is most likely an entrepreneur.