I Will Teach You to Be Rich

I bought first edition to see what it says about managing finance in 2008 time. This book is simple and crisp to the point. Not much technical jargons like other books and clearly shows how to achieve more with what you’ve. I’m impressed with this book and will give a shot for next one. Thanks and All the best Ramiti 👍🏻

A lot of practical information and tools ! The only problem - you would have to be contended with principles for the most part and skim through text since it only relates to the American Financial System - I wish it was generic in that sense.

This book is a masterpiece. It is simply flawless. It teaches effective strategy. Its price is meager when compared to its content. Even if it is a thousand bucks more, it is still worth buying. Do not miss this. Its title is perfect for its content. Go ahead, no purchase can be better than this!

Though references are from United kingdom and US, which may not provide ready to use plans for Indian readers. However, it provides thumb rules of managing personal finance with an Indian style of negotiations and spending(Ramit, a US based Indian draws many inspirations from his father, a typical Indian father).It would have been quite helpful if Indian context is touched up, but nevertheless with some striking similarities like mutual fund, sip, index funds and lifecycle funds of fund, I was able to relate and must say were useful. Would request Ramit to come up with an Indian version, which could be quite popular as Indians can relate better too. Keeping one star less till then:)

This book is awesome. I read it at age of 17 and I already know stuff like stocks and bonds and real estate. I'm prepared to plan out the accounts I need

Buy this and read it before you go on earn and spend your income. This book has UK/US terminologies but thats ok because they are the same in India. Read it for its logic. This is a must buy for every person who started earning or have been earning. Read it before its too late.

It might not be the most apt book for the Indian context but there are some gems here and there. At the least it makes you think about personal finances and makes you want to get off your bum and do something about your money.

Great Book. It will provide you with Actionable steps on how to categories your salary for all expenses so that you will have enough money for your pension, Emergency expense & guilt-free spending. The concept of spending more on what you love, & cutting cost merciless on what you don't is good. Definitely must read the book.

I kept putting off buying this book because, as so many people do, money, planning and investing is "I have time, I'll figure it out later". One night at 2am I was watching Ramit's videos on negotiation due to an impending job discussion I would be having as I start my career after transitioning from Grad School. I bit the bullet and bought the book, which incidentally is extremely cheap. His advice is extremely well written, it is funny and enjoyable to read. He tackles the root causes of peoples inaction and attitudes towards money. In this book, his key principals are to automate your money flow so your saving, investing, retirement all happens on its own and you don't see it. He also teaches to spend extravogantly on the things you love, and cut mercilessly on things you don't. When he says "teach you to be RICH" he doesn't just mean in the monetary sense, he means lead a rich life as well. Sure you can make a tiny bit more money by being painfully frugal, but you won't be happy. If you are in your twenties or early thirties this is an essential book. It's delightful to read, contrary to what you'd think a finance book would be, and contains extremely useful, practical, and easy to implement advice. He also discusses how to approach big money decisions and save tons of money on cars, homes, and weddings. There is even advice on dealing with family and having the money talk with a significant other. It's a six week "course" but really it just breaks down the tasks into manageable bites. You could implement all of his advice within a few weeks without issue if you are in a good position already. Note, if you are in your forties or fifties, not all of this is targeted at you, however if you feel the need to have money advice it would still be extremely useful to see the money automation, debt management, etc. Just know going in that you aren't the target audience and take it with a grain of salt. In closing, don't delay, Under 20 dollars will pay for itself hundreds of times over compared to continuing to coast along for years.

⭐️⭐️⭐️⭐️⭐️ (5/5) „I Will Teach You to Be Rich“ – modernes Handbuch für persönliche Finanzen, praxisnah und direkt 📌 Kurzfazit Ramit Sethi vermittelt in seinem Buch einen systematischen, pragmatischen Ansatz zum Umgang mit Geld: von Kontostruktur, Schuldenabbau und Investitionen bis hin zu psychologischen Barrieren. Anders als viele klassische Finanzbücher ist es sehr hands-on, humorvoll und auf junge Berufstätige zugeschnitten. 📚 Inhalt in Kürze Automatisierung von Finanzen (Daueraufträge, Kontensysteme) Schulden tilgen und Kreditkarten verantwortungsvoll nutzen Frühzeitig in Indexfonds investieren Verhandeln lernen (z. B. bei Gehalt, Gebühren, Fixkosten) Fokus auf „Big Wins“ statt auf kleine Verzichtsstrategien (Latte-Debatte) Psychologie des Geldes: Überwindung von Aufschieberitis und Geldängsten 🔬 Wissenschaftliche Relevanz Stärken: Deckt viele Kernideen der Behavioral Finance ab (Automatisierung, Defaults, Mental Accounting). Seine Ratschläge zur passiven Geldanlage (Indexfonds, langfristig) sind empirisch durch moderne Finanzforschung gestützt (vgl. Fama/French, Vanguard-Studien). Schwächen: Stark US-zentriert (Kontosystem, Kreditkarten, Investmentprodukte). Kein tiefes Finanzlehrbuch, sondern praxisnaher Ratgeber. 👉 Fazit Wissenschaft: Methodisch solide, viele Empfehlungen sind mit moderner Finanzforschung vereinbar, aber eher praxisnah als akademisch. 🌍 Kulturelle Relevanz Hat eine ganze Generation von Millennials für persönliche Finanzen sensibilisiert. Besonders durch Sethi’s Blog und Podcast als „Finanzcoach für junge Leute“ einflussreich. Teil der „New Wave“ der Finanzliteratur – weniger trocken, mehr direkt und alltagsnah. Kulturell bedeutsam, weil es Finanzwissen populär macht und Barrieren abbaut. 💭 Meine persönliche Meinung Positiv: Sehr praxisnah, direkt, ohne unnötigen Jargon. Man kann sofort Maßnahmen umsetzen. Kritisch: Wer tiefe Investmenttheorie sucht, wird es zu oberflächlich finden. Für Nicht-US-Leser ist nicht jedes Beispiel übertragbar. Für mich: eines der besten Einsteigerbücher in die Welt der Finanzen, weil es Psychologie und Praxis verbindet. 🎯 Fazit I Will Teach You to Be Rich ist ein hochwirksamer Finanzratgeber, der klug, humorvoll und praxisnah geschrieben ist. Wissenschaftlich solide im Kern, kulturell relevant als Generationenbuch. ⭐️⭐️⭐️⭐️⭐️ – 5 von 5 Sternen Weil: klar, umsetzbar, wissenschaftlich fundiert und kulturell einflussreich.

Me gustan los sistemas que propone Ramit, no todos son aplicables a todos los países y servicios financieros, pero son muy útiles. Soy fan.

I loved this book! Really practical step by step advices that you can incorporate into your life! I would recommend it definitely!

I find it surprising that many other reviewers gave this book a lower rating because of its title. This book doesn't claim to be anything other than a personal finance book, and getting your personal finances in order and having the proper framework for thinking about finances is the first step to accumulating wealth. I'm reading Orman's "Young, Broke, and Fabulous" right now for example, and this book is MUCH better. Here's why its different: 1) Its organization is well thought out. The author lays out that the steps in a clear manner how one might TRANSITION from being somewhat disorganized about finances to being extremely efficient. The book is structured to tackle bank accounts and credit cards first, then moves to setting up the retirement accounts, then automating the payments of expenses and routing money to retirement accounts, and finally tackles investing and setting aside money for the big ticket purchases. 2) The content of the individual sections is of extremely high quality. What do I mean by this? In the bank account section Sethi suggests moving to an interest checking account (many checking accounts don't pay you interest). He suggests moving savings to an online savings account that offers a high interest rate (double to triple what I got at Citibank). He also suggests keeping no more than is absolutely necessary in the checking account, so as to maximize the high interest savings account. For me personally, I used to keep large amounts in my checking to avoid Citibank's fees (which I also found out would be waived at many other banks). Basically through a few changes with my accounts, I'll probably be making hundreds of dollars this year on interest. As the balances within the accounts grow, that will change to thousands more on interest. This sort of extremely good, specific, actionable advice is sprinkled all over the book. The credit card section also has a lot of great actionable advice on simple ways to improve your FICO score. 3) In addition to teaching you how to save money, the book also teaches you how to save TIME. A huge part of this book teaches you a method for automating your accounts so that your money gets routed to retirement accounts, savings accounts, and paying bills and credit cards flawlessly on time, without any effort on your part. This is probably the most useful section of the entire book. I've definitely wasted a lot of time in the past individually mailing checks, and then later individually paying bills online... The system as a whole is powerful, and will save me time as I begin to implement it. ***My one criticism of this book is the section on investing. While I think Sethi is correct about everything else in the book, he is wrong to tell individuals never to pick their own stocks. His advice on index funds and lifecycle funds is good for most people, but its not good for everyone. Some people SHOULD pick their own stocks. I also don't agree with Sethi's take on asset allocation. He suggests that an investor should begin shifting from stocks to bonds as he/she gets older. I personally believe that bonds should be bought or sold depending on whether stocks are in a bull market or bear market cycle. Despite these investing criticisms, I still gave this book 5 stars, because for 80% of people it doesn't matter. They SHOULD just stick their money in index funds or lifecycle funds. The other 20% of people who want to pick stocks would be well served by reading a book devoted solely to investing. If you are interested in picking stocks, read The Intelligent Investor by Ben Graham. Its the single greatest book on investing, as stated by Warren Buffet.