I will teach you to be rich
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.
Stats for nerds
38recommend
70mentions
49people
2009–2026years
81% recommend14% neutral4% critical
Mentions per year
What Hacker News says
- I'm just stating out on this, so I haven't gotten through everything I want to read yet.
Right now I'm reading Financial Intelligence by Karen Berman and and Joe Knight. There's different versions, but I choose the one "for managers". So far it's done a good job making the material understandable for someone who doesn't have a degree in finance. This the one that's more relevant to the post and will help you start understanding how companies operate at a financial level.
For personal finance I have read
I Will Teach You To Be Rich by Ramit Sethi and A Random Walk Down Wallstreet by Burton G. Malkiel. The first sounds "click-batey" but that's because "I will teach you the boring effective way to manage you're finances" doesn't sell. The latter gets more into the weeds on investing. Bother are great (though Random Walk has been edited many times and the beginning of the book has become bloated, so I'd recommend skimming it a bit since it's just history on epic financial crashes).
I'm planning to read:
7 Powers — Hamilton Helmer
Good Strategy/Bad Strategy — Richard Rumelt
The Outsiders — William N. Thorndike Jr.
The Intelligent Investor — Benjamin Graham
The Psychology of Money — Morgan Housel
- I'm going to copy/paste a reply I left for another commentor, so I don't have to retype everything lol
I'm just stating out on this, so I haven't gotten through everything I want to read yet. Right now I'm reading Financial Intelligence by Karen Berman and and Joe Knight. There's different versions, but I choose the one "for managers". So far it's done a good job making the material understandable for someone who doesn't have a degree in finance. This the one that's more relevant to the post and will help you start understanding how companies operate at a financial level.
For personal finance I have read
I Will Teach You To Be Rich by Ramit Sethi and A Random Walk Down Wallstreet by Burton G. Malkiel. The first sounds "click-batey" but that's because "I will teach you the boring effective way to manage you're finances" doesn't sell. The latter gets more into the weeds on investing. Bother are great (though Random Walk has been edited many times and the beginning of the book has become bloated, so I'd recommend skimming it a bit since it's just history on epic financial crashes).
I'm planning to read:
7 Powers — Hamilton Helmer
Good Strategy/Bad Strategy — Richard Rumelt
The Outsiders — William N. Thorndike Jr.
The Intelligent Investor — Benjamin Graham
The Psychology of Money — Morgan Housel
- You should be investing some fixed or growing percentage of your income into retirement. Ramit Sethi's book I Will Teach You To Be Rich is a great source for learning the basics of personal finance.
You should be focusing on doing the basics for health including strength and endurance training and eating a diet high in protein and fiber: https://www.barbellmedicine.com/blog/where-should-my-priorit...
- Some personal favorites:
- Your Money Or Your Life
Great book on financial independence and simple investing. Get the 2017 version since they made modifications to their investing recs to be less bond centric.
- I Will Teach You To Be Rich
The name is gaudy IMO, but the contents are very rational and cover pretty much all the foundations of personal finance, from investing to budgeting, to enjoying your life. The name feels like a get rich quick thing, but it's about what the other describes as "living your rich life" - essentially enjoying your money in addition to saving and investing for the future.
- The Simple Path To Wealth
Great simple investing book. Probably the best investing book for the average person, in my opinion. Well written, to the point, and rational.
There are some other great books out there, but those are three solid ones to start with. I Will Teach You To Be Rich is the most catch all based on what you're looking for.
- +1 for I Will Teach You To Be Rich. The title is a turn-off but the book is great. It has some life-changing financial literacy advice and is worth the price many times over, IMHO.
And yeah, you can get an AI to dump the key points out of the book, but they don't do the book justice.
- I would like to recommend "I Will Teach You To Be Rich" by Ramit Sethi. It's a 6 week program to automate your finances. There's a lot of really good advice in there, and there are some viewpoints that he'll point out that maybe you haven't thought of. (Buying a house, for example, is not always the best idea.)
Related
How to Get Rich
65 recommend · 99
Think and Grow Rich
81 recommend · 166
How to be rich
5 recommend · 12
The Simple Path to Wealth
30 recommend · 50
How to Get Out of Debt, Stay Out of Debt and Live Prosperously*
2 recommend · 4
Secrets of the Millionaire Mind
4 recommend · 7
