I Will Teach You to Be Rich
2009 • 266 pages
Ratings26
Average rating3.9
15
Ratings26
Average rating3.9
I Will Teach You To Be Rich is a practical approach delivered with a non-judgemental style based on the four pillars of personal finance - banking, saving, budgeting and investing - and the wealth-building ideas of personal entrepreneurship.Witty, entertaining, wise and practical, Ramit Sethi explains how to automate your money flow - i.e. earn while sleeping, why your new best friend should be the taxman and how to beat banks and credit cards at the fee game. How do you negotiate a raise? How can you manage student loans? And can you still enjoy your daily latte and buy those Manolos? Sethi's 6-week plan shows you how:Week 1: Optimise your credit cards and learn exactly what to say to get fees waived Week 2: Set up no-fee, high-interest bank accounts that won't cost you Week 3: Open investment accounts even with a small amount of money Week 4: Figure out how much you're spending. And then learn how to make your money go where you want it to go! Week 5: Automate your new infrastructure to make your accounts play nicely together Week 6: Why investing isn't the same as picking stocks - how to get the most out of the market with very little work.
Reviews with the most likes.
I think this book deserves its 5 stars rating even just for some sentences. My favourite one being : “GOD, IF I HEAR THIS ONE MORE TIME, I AM GOING TO JUMP UP AND BEAT SOMEONE WITH AN ONION. (That way it's unclear why they're crying.)”
However, this book is really great when you have no clue about how to manage your money (as I was), and when you regret a loooot of your spending (as I do) and want to learn how to handle your assets properly. While it's an american book, you can easily adapt most of it to our European countries (even if not all optimization are possible, but well we have other national social security options that perhaps don't exist for the US). If you're a bit lost with money, this book will tremendously help you and help you structure your spendings and savings. And the best part? It'll be easy to understand and funny, something I'd never have thought possible with personal finances ;)
This will forever be my favorite personal finance book. I read it in college and it was really helpful and has shaped a lot of my personal finance philosophy, and I just read it again and picked up even more than I did the first time and actually grasped a lot of the things Ramit talks about with investing. Thinking I'm going to make it a regular thing to read this book once every few years!
