Ramit Sethi became a millionaire in his 20s. Here’s his ‘dead’ simple advice for those hoping to do the same
From Yahoo Finance: 2025-05-12 05:31:00
Gen Z is inundated with TikTok trading tips and flashy promises of financial freedom, but personal finance expert Ramit Sethi says the key to wealth is simplicity. By adopting a passive investing approach, like “dead investors” who set and forget funds, you can grow wealth steadily and stress-free.
Sethi emphasizes the power of compound interest and starting small, recommending target date funds for young investors. By automating contributions and letting the fund do the work, you can avoid the pitfalls of timing the market and emotional decision-making, leading to long-term financial success. The article highlights the importance of saving money in a high-yield savings account to prepare for potential layoffs in the future. It suggests being proactive and cautious with finances to ensure stability during uncertain times. This advice is given without any guarantee.