Being rich doesn’t have to crush an 80-hour week or get hooked on every penny spend. According to bestselling author and finance expert Ramit Seti, “Being lazy is a secret weapon when you set up your system correctly.”
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in Recent VideosSeti outlined eight “lazy victories” that allow serious wealth to be built without the typical financial stress. His approach? Set it up once and then let your money work while you live your life. This is his lazy person A guide to becoming rich.
Seti’s first rule is simple:Automation setup Once, and let it run for the next 20 years” manages your money manually each month.
Here’s how the system works: Before looking at your salary, some will move directly to the 401(k). The direct deposit will be in your checking account, and then some will automatically flow to your Loss IRA, saving you money. Your bills – rent, utilities, credit cards – are all automatically paid.
“You don’t have to think about money every day,” Seti said. “People who automate finances actually save more because it’s happening by default.”
Psychology is amazing. I won’t find any more “I feel bad this month” or excuses for skipping savings. Your wealth builds whether you are motivated or not.
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Forget reading financial news every day and researching individual stocks. Sethi recommended target date funds for successful handoff investments.
“All you have to do is choose one fund based on your plan to retire and invest,” he explained. “There’s no stock picking, no rebalancing, no speculation.”
Target date funds will automatically move from conservative saves near retirement from aggressive growth when you are young. The best part? According to Seti, “target date funds are consistently superior to active investors.”
His example: If you invest $500 a month from the age of 25 in the Target Date Fund, your retirement could result in more than $1.2 million. Set it up once and then “Live your life.”
This may be the easiest money you’ve ever made. Seti suggested sending this exact email to HR.
“Hello (name), I want to make sure we are making the most of our profits. Could you send us details of 401(k), 401(k) matches, HSA, or available stock purchase plans?”
The outcome can change the game. You may be Find out that your company matches 4% of your salary And you’re not using it. You can learn about tax health savings accounts or employee stock discounts.
“Want to be lazy and rich? Start by sending smarter emails,” Seti said.
This is where Seti’s lazy approach becomes powerful. Increase your retirement contributions by just 1% each December. that’s it.
Mathematics is incredible. Take a look at two people who earn $80,000 a year, starting from the age of 30.
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People A donates 5% per year ($4,000 per year) and retires at about $550,000.
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People B starts at 5%, but increases by 1% in December until it reaches 15%, ending at almost $1.4 million.
This is the $845,000 difference: “Log in to your account and click the button 10 times.”
Even a lazy person? Some 401(k) plans provide automatic escalation, so you can set this up once and forget about it.
Sethi’s “Briefcase Technique” is possible Add tens of thousands of annual income In one conversation.
Meet and ask with your manager 6 months before your review. “For me, it’s really important that I am a top performer in the workplace.
Spend six months getting, documenting, and tracking your results. During review, we will present your performance along with market research into the salary range of your role.
“We have achieved the goals we have set together over the past six months. Based on that and market research, we want to discuss compensation adjustments,” Seti said.
Students using this technique have earned a salary increase of between $10,000 and $80,000. Beauty? That extra income is the compound for years.
The wealthy people don’t wake up wondering what to do with their own money, Seti observed. They use simple personal guidelines to remove certain decisions.
His money rules include: If you are buying something nice like a car, store it as long as possible. Always buy the book without checking the price. Never place large purchases in debt.
Your rules may differ: “I eat a guilt-free meal three times a week” or “I always compare the shops compared to purchases over $200.”
“These rules eliminate anxiety and drama,” Seti explained. “You have already made a decision that coincides with your rich life.”
Seti gives lazy people permission to stop being engrossed in things that don’t make them rich:
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Check your credit score every month (unless you apply for a loan)
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Budget all your dollars
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Optimize credit card rewards for small differences
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Small weekend gigs
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Emphasises the prices of coffee and chips
Instead, focus on big wins. Do not spend too much of your home (keeping it below 28% of your total income) or buy vehicles that have more than half of your annual income.
“The wealthiest people I know aren’t following trends. They’re building boring systems,” Seti shared.
Before implementing the strategy, Seti asked an important question: “What would your life look like if your money was handled?”
He shared an example of guest Sarah from the podcast. That rich life was simple. Eat sushi every week, go on an international trip once a year, and don’t worry about car repairs. Once defined, they built a money system to support that vision.
“Accumulating money is not the key, the key is to live a rich life,” Seti emphasized.
Sethi’s system succeeds because it recognizes human psychology. Most people fail to manage their money because they rely on motivation and willpower.
Automation requires daily discipline. Target date funding eliminates paralysis of analysis. Simple rules prevent decision fatigue. The 1% annual increase feels manageable, but the compounds are dramatic.
“I might be dead now,” Seti joked about automation. “My money will be automatically transferred for the next six months. It’s saved. It’s invested.
Choose the three strategies that resonate the most and implement them this month.
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Set up automation Savings and bill payments.
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Email HR About the profits you lack.
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Please select Target Date Fund For retirement accounts.
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Schedule a December reminder Increase your contribution by 1%.
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Define 3 Money Rules It matches your values.
The goal is not to become a financial expert. It’s about building a system of wealth-generating, focusing on living the life you actually want.
As Sethi said, “You don’t need to check the news every day to see what’s going on in the market. Set it up once, put in your money automatically and live your life.”
It is the path to wealth for a lazy person. And that might be the smartest approach of all.
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This article was originally published gobankingrates.com: According to Ramit Seti, how to get rich even if you’re lazy
