Ramit Sethi says most people hit a “golden age” of their finances after paying off major debts like mortgages and car loans. This stage can free up a large portion of your monthly budget, but without a plan, that extra cash can easily be wasted. He recommends holding on to paid-off assets for as long as possible. Driving the same car for nearly two decades allowed Sethi to redirect thousands into investments instead of new loan payments. Even though you’ll still have costs like insurance and maintenance, the biggest financial burden disappears once the loans are gone. Sethi urges people to invest most of the money they save, especially right after debts are paid off. Avoiding lifestyle upgrades lets you front-load your investments, giving your portfolio more time to compound and grow. This approach can significantly boost long-term wealth while still leaving room for small indulgences now. He also stresses the importance of monitoring expenses. Eliminating unused subscriptions or unnecessary purchases keeps your finances lean. For Sethi, discretionary spending should be reserved for things that truly enrich your life, not fleeting purchases. Used wisely, your financial “golden age” can set the stage for lasting wealth and freedom.