Here’s an 18-minute interview about the Save $1,000 in 30 Days Challenge

Ramit Sethi

Here’s an interview I recently did about the Save $1,000 in 30 Days Challenge. I decided to ask you guys what questions you wanted me to answer, so I collected a ton of interesting questions from the Challenge email list and sent them to the interviewer.

Check out the 18-minute interview below!

RSS readers: Can’t see the MP3 file? Check out the full interview page here.

Questions in the interview:
* Ramit, how many people are taking the $1000 challenge?
* What is the demographic of your blog readership AND what demographic (in terms of income) is your challenge aimed at? (Mrinalini Kamath, New York City)
* What is the most useless thing people try to do to save money (i.e., they think they will save money, but they instead lose money). Investing doesn’t count. 🙂 (Aaron Thorne, St. Louis, MO)
* Once you’ve saved 1,000 what should you do with it? straight into savings? Into a CD? Cash under the pillow? (Mike Koehler, Oklahoma City)
* Why do you care if others get rich? (Chris R Rinehart, West Des Moines, IA)
* How do you respond to the level of criticism you have received in regards to participants saving money? Many are claiming to save significantly less than you have forecasted. While individual results may vary, do you feel your saving predictions are/were accurate? (Alex Furst, Columbus, OH)
* If you consider the number of people taking this challenge, the average amount they would have saved so far, and add that all together – how much money has been saved total since you started this challenge? I’ve saved $360, if that helps. (Troy Costlow, Chicago)
* You wrote about a couple of very useful web sites — BillShrink and a site called Stickk.
* In your day job, you’re co-founder and VP of marketing for PBwiki – tell us a little bit about this venture.
* One last question: You want to get rich? you want to get famous? You want to get paid to give speeches? Get a book deal. Ramit, how did you get yours?

If you haven’t already checked out the Save $1,000 in 30 Days Challenge tips, scroll down on this page to see them.

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  1. A. Dawn

    I was looking for your picture on the podcast screen. After a few seconds, I realized that this suppose to not show any pictures … Great stuff. Thanks.
    A Dawn Journal

  2. Moneymonk

    love it, your are an intelligent man. Brush the haters off~

  3. Alex

    Excellent interview responses, Ramit. The challenge is salient given any economic situation, but given the recession, especially timely. Keep up the great content.

  4. evie

    awesome. great questions.

  5. Coel

    I really love what you say about the innate nature of Americans to spend vs. frugality. I have been inspired by the 30 day challenge to earn more. I like the tips you give on eating out /going out more wisely rather than eliminating it all together. Being in my twenties and single, I LOVE eating out with friends. The tips have helped. I cut my budget for that down by 75%!

    I had a question on choosing a credit card. I am receiving offers all the time in the mail. I am interested in getting one but I don’t have a clue on how to go about deciding which one is best for. Any suggestions?