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🧠 Tired of reacting emotionally to money decisions? Join Money Coaching and learn the calm, strategic system the wealthy actually use, in just 48 hours: https://iwt.com/moneycoaching-yt Millionaires love to threaten they’ll flee NYC every time taxes go up — but the data tells a completely different story. In this video, I break down the real math, the hidden costs, and the strategic reasons the wealthy stay put, plus the political game behind their dramatic threats. Most importantly, you’ll learn how to think clearly about your own financial decisions instead of falling for fear-based headlines. THIS VIDEO IS BROUGHT TO YOU BY ➡️ Gelt | Get premium, proactive tax strategy with expert advice through the power of AI technology and expert CPAs at JoinGelt.com/Ramit. Ramit Sethi is the host of Netflix’s “How To Get Rich” and New York Times bestselling author of “I Will Teach You To Be Rich” and “Money For Couples” 🎟️ COME TO MY NEXT LIVE EVENT Virtual and In-Person Events: https://iwt.com/events 🤳 CONNECT WITH RAMIT Instagram: / ramit X: / ramit ✅ SUBSCRIBE SO YOU DON’T MISS ANY VIDEOS / ramitsethi ⏩ CHAPTERS 00:00 Introduction 00:46 Reality #1: Losing Your Money-Making Network 04:56 Reality #2: Moving Is Expensive and Difficult 06:56 Reality #3: Tax Havens Have Hidden Costs 11:30 Reality #4: The Audit Process Is Designed to Make You Stay 13:38 Reality #5: Almost No One Actually Leaves 17:02 Reality #6: Rich People Don’t Make Emotional Money Decisions 21:28 Reality #7: NYC Keeps Attracting Millionaires 22:41 Reality #8: They Need You to Believe the Lie