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I Will Teach You To Be Rich [Paperback]

Ramit Sethi
4.4 out of 5 stars  See all reviews (342 customer reviews)

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Book Description

March 23, 2009
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.

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I Will Teach You To Be Rich + The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich (Expanded and Updated) + The $100 Startup: Reinvent the Way You Make a Living, Do What You Love, and Create a New Future
Price for all three: $41.16

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Editorial Reviews

Review

'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 'Ramit Sethi is a rising star in the world of personal finance writing ... singularly attuned to the sensibility of his generation ...' -- San Francisco Chronicle --This text refers to an alternate Paperback edition.

From the Back Cover

You don't have to be perfect to be rich. Or the smartest person in the room. Or a type-A personality. In fact, with Ramit Sethi's six-week program to financial independence, you can start with any amount of money, do just 85 percent of what he suggests, and succeed brilliantly through good times and bad.

As irreverent and entertaining as he is practical and wise, Sethi explains how to beat banks and credit cards at the fee game, automate your cash flow, negotiate for a raise, manage student loans, and enjoy your lattes and Manolo Blahniks by practicing conscious spending. It's how to master your money with the least amount of effort—and then get on with your life.



Product Details

  • Paperback: 266 pages
  • Publisher: Workman Publishing Company; 1 edition (March 23, 2009)
  • Language: English
  • ISBN-10: 0761147489
  • ISBN-13: 978-0761147480
  • Product Dimensions: 9 x 6 x 0.6 inches
  • Shipping Weight: 12.8 ounces (View shipping rates and policies)
  • Average Customer Review: 4.4 out of 5 stars  See all reviews (342 customer reviews)
  • Amazon Best Sellers Rank: #2,850 in Books (See Top 100 in Books)

More About the Author

Ramit Sethi is New York Times best-selling author of I Will Teach You To Be Rich. His blog, iwillteachyoutoberich.com, hosts over 300,000 readers every month. He co-founded PBwiki and graduated from Stanford, where he studied technology and psychology. He lives in New York.

Customer Reviews

It was a very easy to read (while being surprisingly funny) book about personal finances. mikedaboy  |  116 reviewers made a similar statement
This is the best personal finance book I have ever read. John  |  87 reviewers made a similar statement
Buying this will make/save you money! Hector  |  51 reviewers made a similar statement
Most Helpful Customer Reviews
183 of 197 people found the following review helpful
5.0 out of 5 stars Not your parents' money management book March 23, 2009
Format:Paperback
First, here's what this book is not: It's not your parents' money management and investing book, although as a parent I wish I had done in my twenties what Ramit Sethi tells the twenty-somethings they should be doing right now.

Ramit starts with the premise that most people are so overwhelmed by the sheer amount of financial information available that they just shut down and do nothing. So Ramit tells you exactly what to do with your money and why. Want to know whether it's smarter to pay extra on your student loans or put that money into your 401(k) instead? Ramit will tell you. Want to know some specific financial companies that offer the low-cost index funds you should invest in through your Roth IRA? Ramit will tell you. Do you not even know what the heck an index fund is? Ramit will tell you!

Ramit also tells the truth about brown bagging your lunch and curbing your latte habit; and the truth is that these actions on their own are virtually pointless. Instead, you should go after the big wins, like getting the lowest interest rate and the best price on your next car because you have impeccable credit and negotiated "like an Indian" (negotiation scripts included).

Ramit maps out exactly how to get from where you are now to where you want to be financially, including how to create a personal money management system that practically manages itself. Ramit's system starts with a no-fee checking account and an online high-interest savings account. (He even tells you which online bank he uses.) He then walks you through setting up automatic bill payments and regularly scheduled transfers to your investment accounts. Throughout, he includes easy-to-understand charts, as well as short pieces by other personal finance bloggers.

I wish I could quote some of the passages that I found especially useful or entertaining--Ramit writes with an appealing, if oddball, humor--but I have already mailed my copy of the book to my 24-year-old son, who called me last night to tell me it never would've occurred to him to ask his bank to waive an overdraft fee. (That gem is in chapter 2, I think.)

Thank you, Ramit! I hope this enthusiastic review by an "old person" will not stop the young people from buying your book!
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184 of 199 people found the following review helpful
Format:Paperback|Amazon Verified Purchase
I Will Teach You To Save Money, though a far less titillating title would be the more appropriate name for this book. 20 and 30 somethings are the intended audience for this book. And for them the book is delightfully irreverent and saucy in its language. You will not get rich by using the concepts in this book however you will gain basic financial literacy, which is the first step on the path to creating wealth. There are no new financial revelations in this book. If you already have a personal finance library you can pass on this book. If you don't already have one and are looking for a place to start, this book is a great way to go. I Will Teach You To Be Rich is not for people who have created a measure of wealth and are looking to increase it. For that you will have to look elsewhere.
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107 of 128 people found the following review helpful
5.0 out of 5 stars I Was Taught To Be Rich. March 22, 2009
Format:Paperback|Amazon Verified Purchase
Length: 3:09 Mins
Ramit is part of the new round of financial savants. It is one thing to know about finance, another to be able to write about it, and another entirely to write about it in a way to motivate the younger crowd. Ramit hits the tri-fecta here.

I'm good with my money and pretty knowledgeable but am the kind of person who needs a nudge now and again. Ramit gave me that nudge (and some great tips to boot) with this book. I'm barely through chapter two and already have a savings/profit of about $860 (as I explain in the video...)

Get this book for yourself, and with the money you save, buy another copy for a teenager or college student you know and care about.
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Most Recent Customer Reviews
4.0 out of 5 stars good ideas, engaging, at times annoying
Ramit is excellent at looking at the ways one can manipulate their habits to build a happier today and wealthier future. Read more
Published 6 days ago by c
5.0 out of 5 stars an introductory book to personal finance
good at covering basic concepts like what goes into your credit score, why have multiple bank accounts and how to develop a personal finance infrastructure that will suit your... Read more
Published 11 days ago by ns
4.0 out of 5 stars Worth your time even if your finances are already in good shape
Books on personal finance are a dime a dozen, and since there are only so many ways to teach people how to use their money intelligently, the success of one's message depends... Read more
Published 18 days ago by Daniel Estes
4.0 out of 5 stars Bought it Twice
I lost my first copy and wanted to read it again so I paid for it a second time. Worth every penny in my book. Read more
Published 20 days ago by Curtis
5.0 out of 5 stars Don't wait too late to read this book!
Wow, this book is amazing! I would rank it one of the top 10 books you MUST read right out of college. Read more
Published 20 days ago by Y. Xiong
5.0 out of 5 stars very interesting
I really appreciated all the practical applications and next steps at the end of each chapter - those were especially helpful
Published 21 days ago by Jennifer
1.0 out of 5 stars Don't waste your money
I really felt like an idiot after reading this crap. He became rich by fools like me who bought his book. This book is for 1st graders, don't waste your money making him rich.
Published 22 days ago by D. Lopez
5.0 out of 5 stars Live changing material
If you are young READ IT NOW, it will change your life, for real. Thank you. I like the humorist comments
Published 23 days ago by Fernando Osiel Peńaloza
5.0 out of 5 stars Excellent
Brilliant, practical content delivered through an enjoyable narrative. This is the best down to earth instruction I've found on clever ways to save, negotiate, and tackle life like... Read more
Published 26 days ago by SeanR
5.0 out of 5 stars Working for us
I read this book some time ago, but wanted to report back that Sethi's strategies have worked for us. Read more
Published 26 days ago by Epicure
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Just another hocus pocus washed down financial "guru" Be the first to reply
So many 5 star reviews written on march 23?
I am one of the early reviewers.
I reviewed the book at that time because I had received the book as a pre-order before the 23rd, and Ramit reached out to the readers on his blog who had pre-ordered to write a review.
There was no obligation to do so, no reward, and no stipulation that anyone... Read more
May 18, 2009 by CentsibleLife |  See all 5 posts
Great Advice! Be the first to reply
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