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I will teach you to be rich by Ramit Sethi: No guilt. No excuses. No BS

24 min • 23 december 2024

I will teach you to be rich by Ramit Sethi

Get the book: https://amzn.to/404xYIS

“A rich life is different for everyone. Figure out what your rich life looks like.”

If you think financial health is beyond your reach, think again. I Will Teach You To Be Rich is the modern money classic that has revolutionised the lives of countless people all over the world, teaching them how to effectively manage their finances, demolish their debt, save better and get the most out of their bank accounts, credit cards and investments.

Now, Ramit Sethi, who has been described by Forbes as a 'wealth wizard' and by Fortune as 'the new finance guru', is back with a completely revised second edition of I Will Teach You To Be Rich, updating it with new tools and insights on money and psychology, along with fantastic stories of how previous readers have used the book to enrich their lives. From crushing your debt and student loans to talking your way out of late fees, to dead simple investment strategies and negotiating that big raise at work, this is the no-guilt, no-excuses, no-BS 6-week programme that will help you get your finances where you want them to be.

Key Lessons from I Will Teach You to Be Rich by Ramit Sethi:

* Start Investing Early and Automate Your Finances: Automating savings and investments ensures consistent contributions and takes advantage of compounding over time.

* Focus on the Big Wins: Optimize key areas like negotiating a higher salary, reducing large expenses, and smart investing rather than obsessing over minor savings like skipping coffee.

* Spend Consciously on What You Love: Define your “rich life” and allocate money toward what brings you joy, cutting back on areas that don’t align with your values.

* Negotiate Fearlessly: Whether it’s a salary, a bill, or a purchase, negotiating can have significant financial benefits over time.

* Prioritize Long-Term Goals Over Impulse Spending: Set clear financial goals and align your spending and saving habits to achieve them.

* Use Credit Cards Responsibly: Leverage rewards and benefits without accruing debt by paying off your balance in full each month.

* The Power of Compound Growth: Small, consistent investments can lead to significant growth over time due to compounding.



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