Who Are Matt and Amani On 'How To Get Rich'? What Is Their Advice?

Everyone desires wealth, however, sometimes our spending habits can prevent us from reaching our goals. Netflix's show, How to Get Rich, provides guidance from financial specialist Ramit Sethi on one's financial relationship and how they can acquire wealth. Comparable to the show What Not to Wear, instead of pointing out what is unfashionable, Sethi explains to his clients where their money is being wasted. Matt and Amani, a couple, are looking to gain advice from Ramit Sethi on the series, How to Get Rich. They discover budgeting tactics. Read on to find out what Matt and Amani learned about budgeting on How to Get Rich.

#1. Who are Matt and Amani?

Matt and Amani How To get Rich Source: Netflix Life

She’s an account executive. He’s a stay-at-home dad who quit being an electrical engineer to take care of their two daughters, and because the frequent travel just wasn’t working for the family. Sethi sits down to interview them and we quickly wonder if he’s not only a financial guru, but a marriage counselor, because Matt and Amani start fighting right away, about bigger issues than money – how they communicate, self-worth and who controls what around here, very sensitive stuff like that. Are we surprised? No, because if you’ve never had a fight about money with a significant other that didn’t turn into a fight about bigger things than money, then you exist in a culture that has yet to embrace a currency-based financial system. Sethi gives Matt and Amani “homework” – a journal full of questions to address – which he does for everyone he consults with.

#2. Who is Ramit Sethi?

Matt and Amani How To get Rich Source: The Hollywood Reporter

Sethi is the author of the New York Times bestseller, “I Will Teach You to Be Rich.” He also runs a blog and podcast under the same name. He started the “I Will Teach You to Be Rich” website in 2004 while studying at Stanford University. Sethi says he decided to learn about how money really worked after losing half of his first scholarship check in a stock market investment.
According to Entrepreneur, Sethi has a net worth of around $20 million. While a lot of financial advice out there tells you to stop wasting money on $5 lattes, Sethi believes you should enjoy all the lattes you want.
“A $5 coffee is not going to change your financial life. But learning how to automatically invest, how to select the right asset allocation, and how to negotiate a $15,000 raise will,” Sethi says on his website. Sethi has specific money rules he recommends that can help people get their spending under control and build their wealth. “Take all the decisions that you have to make in a given month — should I buy this? Should I buy that? Should I return this?” Sethi told CNBC Make It. “Roll them up into a few simple money rules that make it really easy to make decisions.”

#3. How much does Matt and Amani on 'How to Get Rich' spend per month?

Matt and Amani How To get Rich Source: Twitter

Take Matt and Amani, are Sethi’s clients in the show's first season and together the couple spends about $27,000 per month. Matt and Amani live on one income, Amani’s salary as an account executive for a software company. Matt quit his job as a traveling electrical engineer to be a stay-at-home dad for the couple’s two daughters. Sure, a family of four living on one income can be challenging, but after crunching the numbers, Sethi found that Matt and Amani actually bring in about $24,000 a month. Where does the money go?
“In this month, they contributed $24,000 to this checking account, and they spent $27,000,” Ramit said. “They spent more than they made. This is a huge red flag for me.”
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#4. What financial advice did Ramit Sethi give Matt and Amani?

Matt and Amani How To get Rich Source: Daily Mail

Sethi spends six weeks with each client featured in the show to help them turn their financial outlook around. He starts with a deep dive into their finances, assessing their accounts and spending habits. He then creates a blueprint and action plan for them to follow to get back on track.
Matt and Amani's overspending led to them depending on overdraft protection to cover their purchases. Overdraft protection accounts typically cost fees and high interest. Sethi gave the couple a “Design Your Rich Life” journal to work on together.
“The first step I want them to do is to start talking about money, getting positive with it, dreaming. This is a great opportunity for them to start asking questions instead of judging each other,” Sethi said.
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