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I Will Teach You To Be Rich
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Product Description

"At last, for a generation that's materially ambitious yet financially clueless comes I Will Teach You To Be Rich, Ramit Sethi's 6-week personal finance program for 20-to-35-year-olds. A completely practical approach delivered with a nonjudgmental style that makes readers want to do what Sethi says, it is based around the four pillars of personal finance- banking, saving, budgeting, and investing-and the wealth-building ideas of personal entrepreneurship. Sethi covers how to save time by not wasting it managing money; the guns and cars myth of credit cards; how to negotiate like an Indian-the conversation begins with ""no""; why ""Budgeting Doesn't Have to Suck!""; how to get things rolling-for real-with only $20; what most people don't understand about taxes; how to get a CEO to take you out to lunch; how to avoid the Super Mario Brothers trap by making your savings work harder than you do; the difference between cheap and frugal; the hidden relationship between money and food. Not to mention his first key lesson: Getting started is more important than being the smartest person in the room. Integrated with his website, where readers can use interactive charts, follow up on the latest information, and join the community, it is a hip blueprint to building wealth and financial security. Every month, 175,000 unique visitors come to Ramit Sethi's website, Iwillteachyoutoberich.com, to discover the path to financial freedom. They praise him thoughtfully (""Your site summarizes everything I want with my life-to be rich in finances, rich in experience, rich in family blessings,"" Dan Esparza) and effusively (""Dude, you rock. I love this site!"" Richard Wu). The press has caught on, too: ""Ramit Sethi is a rising star in the world of personal finance writing . . . one singularly attuned to the sensibilities of his generation. his style is part frat boy and part silicon Valley geek, with a little bit of San Francisco hipster thrown in"" (San Francisco Chronicle). His writing is smart, his voice is full of attitude, and his ideas are uncommonly sound and refreshingly hype-free."

Customer Reviews:

  • Automation makes my life easier
    I Will Teach You To Be Rich has changed my outlook on personal finance. With simple tools, Ramit teaches how to make more, spend less, and track your spending. A lot of the tools that Ramit uses are available for free on the internet, but he organizes the information in an easy-to-read book.

    I really enjoyed reading the automation chapters. I believe that if you are too lazy to tend to your personal finance day-after-day, automating everything solves a lot of your problems. Who knew you could be lazy and slowly grow wealth over time? Thanks Ramit and keep up the good work on the blog!...more info
  • Turn words into action
    The book is well written and has great tips for putting financial strategies in action. For anyone who is looking to put your money into order and have a plan so you know you are saving so you can budget your spending accordingly.

    Easy read and has some great references in it. Easily tips that will have you saving 10 times what you will pay for this book, well worth it. Take control....more info
  • IWTYTBR
    Following the advice in Ramit's book has altered my financial life tremendously for the good. I now have a much higher paying job, have paid off most of my bills, have a plan to finish off the rest of them and have set up various "savings" accounts for big-ticket future items, as well as putting some away for unforseen emergencies. Ramit's straight talk is refreshing in a financial world littered with old-school analysts and advisors. Buy the book, read the book, DO what Ramit says and you'll be on your way to financial freedom not only for now, but for the long term. Thank you Ramit for persevering and publishing your book!...more info
  • About the same as the blog
    The book is good, especially if you aren't following the authors blog. Unfortunately, if you are following the blog you will find little new information here. Ramit Sethi does have a nice writing style and uses great examples. Highly recommend this book to people who don't have a computer....more info
  • Really, he will...
    This is a great book with plenty of practical advice. I would have been fortunate to have read it 15 years ago, after getting out of college. If you want to help someone get started down the right financial path, buy them this book. Even for someone about to turn 40, there are great lists of action items to help you start down the path to financial freedom. The book is well written, is motivating, moves quickly, and plenty of "asides" from other authors....more info
  • Real, actionable personal finance advice
    This is a real deal, step by step guide for getting your personal finances in order. Targeted at 20- and 30-somethings, Ramit offers actual procedures for getting your financial act together. No more "saving $3 by skipping that morning latte"-type of advice which is useless, he gives advice on how to go for the big wins: setting up a personal spending plan, painlessly saving money for retirement, and negotiating with banks and corporations.

    Book is appropriate for the times, and always....more info
  • This book pays for itself hundreds of times over!
    I loved this book. I pre-ordered it and read it in one weekend. It's an easy read, with humorous and helpful tone. I was a bit doubtful when I first got it, because I thought I had already heard the best tips and gotten all the advice I could get on personal finance. However, I was pleasantly surprised by all the new things I picked up while reading this book. Much of what is helpful in this book, in my opinion, is the way the author addresses the psychological barriers we have or put up that block us from reaching our financial goals. I can honestly say that I now know much much more about personal finance than my friends do.

    Here is my personal experience so far with implementing some of Ramit's recommended strategies. I am 25 years old and here are my results.

    I have:

    - Saved $630 in credit card interest
    - Saved $450 in gym membership fees
    - Saved $133 on filing taxes
    - Got back $375 for a weekend travel/ retreat when I told the company I reserved it through that I was laid off from work after booking the trip and decided it would be better to save the money instead.
    - Saved $40 on a prescription medication
    - Saved $7445 in my online savings account. Switched to an online savings account with higher interest, which over the course of 1 year will save me about an extra $122.58.
    - Paid off $11,000 in credit card debt, leaving a balance of $0. ***THIS ONE MAKES ME VERY HAPPY :)
    - Paid off a $3,300 loan from my parents.
    - Have invested $1,400 in a 401(k), which I have now rolled over into an IRA account.
    - Donated $160 to charitable causes.

    I know this book has helped me tremendously and it's just the start. This book is excellent and well worth it. ...more info
  • Good but not for all ages
    This is a wonderful book for young people and I recommned it to anyone I purchased copies for my children but if your over 40 and in a huge debt and have many other things revolving your life than this book may not be for you.
    this is a book from a younger persons point of view although he is right in everything in his book it doesnt help a person in huge debt and many other problems.....for example someone with mortgages and business and huge amounts of debt......more info
  • The New "Random Walk" - For those who'd rather be rich then sexy
    "Don't let the breezy, irreverent style of this book fool you. It contains serious advice on personal-finance decisions from budgeting and savings to spending and investing." - Burton G. Malkiel, author of "A Random Walk Down Wall Street"

    For several years, through his blog, Ramit Sethi has been turning the personal finance world on it's head, defying the advice of many financial "experts" and making the topics of money and investing accessible and relevant for the average twenty and thirty-something.

    Now, in his first book he draws from some of his best content and goes many steps further, showing us all that personal finance isn't some magic formula to be unlocked, but rather a series of small, conscious decisions that don't require an MBA or even a financial adviser (gasp).

    Sethi explains, "Most of us fall into one of two camps as regards our money: We either ignore it and feel guilty, or we obsess over financial details by arguing interest rates and geopolitical risks without taking action. Both options yield the same results - none. The truth is that the vast majority of young people don't need a financial adviser to help them get rich. We need to set up accounts at a reliable no-fee bank and then automate savings and bill payment. We need to know about a few things to invest in, and then we need to let our money grow for thirty years."

    Sethi takes the reader through six-weeks to financial literacy, covering:

    1) Optimizing Credit Cards
    2) Setting up no-fee, high-interest bank accounts
    3) Opening investment accounts
    4) Figuring out how much you're spending and developing a conscious spending plan
    5) automating your new financial infrastructure
    6) why investing isn't the same as picking stocks

    Throughout the entire book Sethi offers solid financial lessons in a clear and actionable way. He doesn't just say, "Set up an investment account," he shows exactly how to do it, what questions to ask, various options to choose from and gives the reader the necessary contact information for various investment companies.

    Since majoring in business management in college and focusing much of my time on the world of personal finance, I have read several books on the subject, some good, most terrible. Many of my friends would come to me for advice on various subjects and I would have to pull on lessons learned from multiple sources. Now, I can just hand them "I Will Teach You to Be Rich" and know that they will be receiving everything they need, all in one place, for a life of financial success.

    ...more info
  • Good info for the uninformed
    Easy to read and deals with the issues of finance in a a way that most people can comprehend. What more can I ask for?...more info
  • Love the blog - can't wait for the book!
    Just ordered my book. Love Ramit's blog. It's so helpful and full of great, easy to follow ideas. Really excited for the book....more info
  • Ramit's Book is an Appetizer for your Financial Life
    Ramit is a unique individual and his personality shines through. This book's primary strength is its voice. He speaks very clearly and consistently, and in a very conversational way. He has street smarts and a genuine interest in people, and those qualities are endearing.

    But in terms of content -- overwhelmingly, the book feels as if it were a term paper written by a college student who did nearly all his research on the internet. Given the "advice from the blogosphere" out-takes, that may be literally true. From cover to cover we are bombarded with factoids lifted from blogs and online calculators (often from a web site called "dinkytown"). Not to mention plugs for Ramit's own "peanut butter" wiki service.

    There are references to dead tree sources as well. Where by references, I think it's fairer to say that very much of the book's advice is directly lifted (often without credit) from the Random Walk book. Were it actually a collegiate term paper, Ramit might find himself in hot water!

    That's not to say Ramit's advice is bad. On the balance it's great advice for his audience -- people who are literally starting from zero financial knowledge. Unfortunately I don't think Ramit gives his audience enough credit for their intellectual curiosity. For example, he makes weighty assertions, breathlessly, about the quality of professional financial management and the fallibility of experts. Then he proceeds to back up his views with ... many quotes and citations from financial experts (including the aforementioned Random Walk book, among others).

    Overall, this is a fine practical book for "getting started." Ramit's system for automating savings is pretty innovative and well worth a try. But honestly, I hope that for those of you starting at financial zero, that this isn't the only book you read. Once Ramit drills into you the importance of your savings and investing habits, I hope you also realize that a financial life requires a watchful eye and intellectual curiosity -- we are talking about the systematic accumulation of millions of dollars, here!...more info
  • Best Finance Book I've Read To Date!!!
    I can't say anything bad about this book. It has such good/straightforward information and the delivery is witty and at the same time crystal clear. Often financial books either are way too vague or require you to stick to a strict/rigid budget that NEVER WORKS. Ramit doesn't mess around with a whole lot of technical jargon. His approach is very candid and gives specific instruction on how to FOCUS on how to get out of debt and strengthen your financial status. I can't praise this book enough!!!!!!! Buy it...you won't be disappointed!!!!...more info
  • Amazing book!
    I can't guarantee that this book will make you rich, but its the best investment you can make in that direction!...more info
  • Best personal finance book I've read in a long time
    This is hands down the best personal finance book for modern, busier, web-connected people. His logic and methods for streamlining everything from retirement, debt, bank accounts and credit cards are brilliant. I'm already spending a lot less time on personal finances each week after following his "automation" techniques. My retirement and savings accounts are now consolidated and I don't think about the automatic contributions I make anymore.

    But the best concept I got from this book was "selective spending". Spend on what you love (reasonably), but seriously cut down on everything else that isn't that important to you. Currently for me, that meant spending on a nice PC and peripherals, but going out to eat a lot less frequently and postponing any car purchase indefinitely. For others it might be opposite (they love going out to eat but could get by with a $300 PC). Makes total sense and you don't have to be cheap in everything.
    ...more info
  • Personal Finance Made Easy
    This book will show you how to budget without pain. Ramit breaks down how much should be spent on housing,monthly bills,savings,investments and fun money. I don't know if it will make you rich but it's a good starting point. ...more info
  • Best personal finance book I've read in a long time
    This is hands down the best personal finance book for modern, busier, web-connected people. His logic and methods for streamlining everything from retirement, debt, bank accounts and credit cards are brilliant. I'm already spending a lot less time on personal finances each week after following his "automation" techniques. My retirement and savings accounts are now consolidated and I don't think about the automatic contributions I make anymore.

    But the best concept I got from this book was "selective spending". Spend on what you love (reasonably), but seriously cut down on everything else that isn't that important to you. Currently for me, that meant spending on a nice PC and peripherals, but going out to eat a lot less frequently and postponing any car purchase indefinitely. For others it might be opposite (they love going out to eat but could get by with a $300 PC). Makes total sense and you don't have to be cheap in everything.
    ...more info
  • Excellent step by step book on personal finance
    This an excellent book for the financially illiterate or challenged (as myself). Ramit covers in 9 chapters the fundamentals on how to manage your money without having to loose your sight going through the stock indexers of The Wall Street Journal or spending a good amount of money on clueless financial advisers. He has a fresh, funny and practical approach to teaching personal finance. He explains how to optimize your credit cards, getting the most out of your bank, investing, budgeting and so on. Everything is very understandable and he gives a ton of examples. It makes a lot of sense. I have been reading his same named blog for over a year and the book is a perfect complement to it. Sound advice, great read, highly recommendable. ...more info
  • The first 10 Dollars of your investment
    I've just finished Sethi's Book and I found it very useful wheter you have any debt or not, or a big amount of money ready to invest or just 50 dollars.

    Most of young people have no idea of how to invest (just like me) but Sethi explains everything in a very simple language. From Stocks, Bonds, Lifefunds, everything is covered, the book also has many useful advises of how to manage your money. And then the managment of your money in order to live a Rich Life.

    I'm gonna start investing right this week.

    Thanks Ramit.

    I Love it.

    ...more info
  • Great advice
    Ramit gives great financial advice, using long term proven strategies. Many of these I was already doing, but having it written down in a well thought out manner helped me take what I was already doing and fit it into a larger plan. And let me tell you, just knowing that you are saving according to a plan not only makes the saving a LOT easier, but eliminates the sense of vague unease I always had that I was not saving enough.

    It was an entertaining read that you should be able to breeze through the first time in an afternoon. Then I recommend reading it again and implementing each of his steps!...more info
  • Well worth the money
    I don't usually get books like this but this one came highly recommended so I tried it. First of all, it wasn't boring! That surprised me. My reading choices usually involve the most entertaining choices so I expected to be bored. The other thing I expected was to find it full of unrealistic ideas or things I knew already. Once again I was wrong! And I found a bunch of other stuff I was wrong about too. I learned a lot and even put it aside to read again. This is a very good book for everyone to read in this economic crunch....more info
  • Great for 20 somethings
    This is a great book for the high-school or college graduate who is first stepping out into the personal finance world. Veteran personal finance people will likely find it review. It's a very complete beginners guide to staying free from many of the pitfalls that we all have stepped in....more info
  • Good book, but a written for a narrow audience
    Ramit is a wonderful writer. He displays a lot of voice in his writing style and as a fellow young person I get his jokes and find him quite entertaining. The book was an easy and enjoyable read. And yes we are talking about a financial book!

    Having said all of that, Ramit focuses on a narrow audience. Mostly it's young people who are just starting out in the world and don't have a clue about managing their money, or those a little older who haven't been managing their money. If you already budget, have retirement accounts, etc. you could still have fun reading this book, but you probably won't get as much from it.

    I also have a few irritations with the content of Ramit's financial advice. In the budgeting section of the book things start to fall apart. He doesn't want to advocate budgets, which he offers a valid explanation of, but what he offers instead is overly simplistic. Furthermore, when I tried to apply Ramit's budget to myself, it wasn't even close to working (I've been using zero based budget for years now.) Ramit's solution...I need to find a way to make more money, about $20,000 more. This is very valid solution, and who wouldn't love to make more money? I'd simply offer that maybe the author's budgeting solution is a bit weak since I've been able to budget my salary and do just fine.

    My second item of irritation is another result of Ramit's narrowly focused audience. At one point in the book he discusses renting vs. buying a home. His conclusion is that buying a home isn't such a good deal unless it's a "$125,000 home in the Ozarks." I realize he was making a joke, but as a person living in a so called "fly-over state" this is irritating. In a sizable portion of the country homes can be purchased with payments that are similar to renting, making home ownership could be a good decision for many young people Ramit is trying to help. Ignorance of this magnitude makes me question the reliability of his advice....more info
  • I will teach you to be rich
    Enjoyed this book, but it does employ a lot of common sense when it comes to money management. Overall I would give it a 7/10....more info
  • Review of I Will Teach You To Be Rich
    I really like the book. It will be a good read for my children as they each graduate from college and move into the "real" world. It also provided me with several good ideas to help me automate my budgeting, saving and planning for retirement....more info
  • Great All-Around Personal Finance Advice!
    This book does a great job of explaining all the basics of personal finance, and then going beyond to show how to automate all of your banking and investment accounts. I really liked the tips on negotiating fees with banks, I have already saved over $50 with this tip alone! This book will more than pay for itself!...more info
  • No gimmicks, just great advice
    I preordered this book and am halfway through it. It's great so far - Ramit's writing style is entertaining and conversational, which makes me enjoy picking up the book. Each chapter goes over a specific area of personal finance, and then the last page of each chapter has "Action Steps" on how to optimize your own finances. Its easy and the system you are working towards makes it easy to save, invest, and spend on what you want while also knowing exactly where your money is going. I recommend this book to all of my friends. It is easily worth double or triple what I paid for it, as I've already saved over $200 (from the chapter on optimizing your credit cards) and tracking my expenses has gotten much easier. I would buy this again in a heartbeat....more info
  • Not too complicated but not totally comprehensive - a good starter book
    I've just received this book and gone through it in a few hours, so that should say something.

    I will attempt to be thorough so a potential buyer knows what they are getting.

    The layout of the book is basically 8 chapters.

    1- the introduction.
    2-7 - how-to's
    8 - extra comprehensive notes.

    The writing style is amusing and light, and he does go into "What do I say?" scripts when negotiating with vendors, retailers and financial entities like banks or credit card companies.

    This book is targeted to consumers who are not too financially savvy.

    You don't have to be a financial genius to get something from this book, but it is geared towards people who are not too knowledgeable on topics such as funds, bonds, equities, and basic financial organization such as linking accounts, separating money for certain bills and long-term planning.

    The standard comparisons of interest-rate vs fees vs inflation charts are also contained in this book.

    Overall, the content was not too complex and I don't feel it warranted the cost of the book since the same information can be gathered anywhere on the internet.
    The book focuses on habits rather than single strategies, which is generally the norm when it comes to wealth building mindesets.

    The layout was interesting and had boxes with tips, little stories as examples, all in an effort to keep the reader engaged while the author attempts to illustrate a point.

    For layout, I give the book 4 stars. For content, I give the book 3-stars.

    The information is average and can be obtained anywhere online if one does enough reading. Having it in one book makes it convenient, but there is little that is very new or breakthrough in this book.

    In fact, many of these strategies are over 100 years old, documented in books like Think, and Grow Rich.

    It's a good starter book, but I don't think I will be returning to its contents too often after the first read.



    ...more info
  • Taking a bite out of debt and laze fair personal finance
    Who hasn't read blogs or books that paint a picture of a stress free financial life through steps like eating out one less time a week or buying store brand food. What actions come from that, for me it was 'ya thats a reasonable idea, maybe Ill suggest it to my wife' but it didnt get me 'rich'.
    Ramit's book on the other hand sheds a light on the general ignorance and ambivalence most of us have toward financial strategies and simply explains the actions needed to figure out and take action to remedy. Straight forward, honest, funny even, writing combined with simple steps are what makes this the best 10 bux you could spend.
    Once you read it you will have no hesitation in suggesting it to the other friends and family you know could benefit from it.
    Thanks Ramit!...more info
  • More Than I Expected
    What a great book. As I was reading this book, all I could think about was who I was gonna buy a copy for. This book should be required High School reading!...more info
  • Financial Advice From Your Buddy At The Bar
    Ramit is like hanging with my friend Joe. Except Joe has not cofounded a bunch of businesses, he's not Indian, and he hasn't written a financial advice book. But that being said, Ramit is like Joe.

    What I love about I Will Teach You To Be Rich is the tone that Ramit takes. Financial planning and advice is not exciting or important unless you REALLY care about money and care about building a proper plan for prosperity today and for the future. Most of my generation (I'm 25) cares about spending money and their idea of investing is short selling stocks on e*trade and trying to make it big right off the bat.

    Ramit really breaks things down and says you aren't goin to be rich tomorrow. In fact, most millionaires did not make their money in a few days or years but over the course of decades. So save, invest, take advantage of free money, and spend.

    Wait, what? Spend? Yes! Ramit gets to a fantastic point that I think is really important for young people to realize about spending. He basically states that as long as you're saving and investing (automatically, by never touching the money and having it done via computer), then whatever is left over is yours to spend on whatever you LOVE. Spend freely on what you love (shoes, computers, video games, drinking etc.) and cut back on the things that don't really matter much. Brilliant!

    For distilled, casual, and financial advice you can relate to as a young person, I Will Teach You To Be Rich definitely fits the bill....more info
  • Irreverent Insight from an Insane Indian
    First off, Ramit rules. I've been reading his website for a long time and always wondered when he was gonna put out a book. His voice is so unique. I've read other personal finance books, but the never hooked me like I Will Teach You To Be Rich has.

    I Will Teach You To Be Rich feels like it was written for me, a young post-college person wondering how to make sense of this money I've started to make and how to get rid of this debt going to college stuck me with. Ramit is my age. He's not a weird-suit-jacket-wearing old lady on TV or a hillbilly minister preaching the gospel of getting out of debt. He just teaches young people (and others that just don't know) how to take charge of your money. This book isn't about teaching you how to make money, but how to optimize your existing money and debt and make it work for you instead of against you. It's not about being frugal. He's not telling you to stop spending $4000 a year at Starbucks. What he is doing is teaching you to optimize areas in your finances that you might not be paying attention to and showing you how to save (or make) money from them so you can still buy your $4 latte without guilt.

    My favorite parts: how to talk to your credit card companies about lowering the interest rate, how to just start your 401(k) and Roth IRA already!, how to automate and optimize your bank and savings accounts so everything is paid off and done for you.

    I definitely recommend anyone in their 20s and 30s read this book. I would have loved this is someone gave this to me at graduation. If you don't know Jack about $$$, you need to know something about Ramit....more info