I Will Teach You to Be Rich — Ramit Sethi
Summary in 15 minutes. Being rich is not a number in a bank account. It is having money for what you love, and not lying awake worrying about it. Cards, banks, a spending plan and automation. Set it up once, and the system runs itself. No one can predict the market. Invest cheaply, broadly and for the long haul, and put your energy into earning more. Reading is done. Now one account, one automatic transfer, one plan. The system does the rest.
Key ideas of "I Will Teach You to Be Rich: No Guilt. No Excuses. No BS. Just a 6-Week Program That Works"
What a Rich Life Means
Being rich is not a number in a bank account. It is having money for what you love, and not lying awake worrying about it.
- Your Rich Life: Spend extravagantly, cut mercilessly
- Invisible Scripts and the 85% Solution: Stop the excuses and start
The Six-Week System
Cards, banks, a spending plan and automation. Set it up once, and the system runs itself.
- Credit Cards: A Tool, Not an Enemy: Week 1
- Beat the Banks: Week 2
- Get Ready to Invest: Week 3: the ladder
- The Conscious Spending Plan: Week 4: not a budget, four buckets
- Save While You Sleep: Week 5: the automatic money flow
Investing and the Rich Life
No one can predict the market. Invest cheaply, broadly and for the long haul, and put your energy into earning more.
- The Myth of Financial Expertise: Week 6: nobody sees the future
- Index Funds and Asset Allocation: Simple investing, honestly applied
- Maintaining the System: What happens after setup
- Big Wins: Pay, Weddings, Homes: Where the real money is
Put It to Work
Reading is done. Now one account, one automatic transfer, one plan. The system does the rest.
- Your 7-Day Plan: One task a day. Tick it off when done.
- One-Page Cheat Sheet: The whole book at a glance. Save it.
- Final Word: Money in the Background: The system up front, worry behind you
From the free first chapter
Ramit Sethi started a blog in 2004 while studying at Stanford and gave it a deliberately provocative name: I Will Teach You to Be Rich. The book followed in 2009, and a revised second edition in 2019. His reader is usually a twenty- or thirty-something with a job who knows they should “do something” about money but has no idea where to begin.
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Common questions
What is "I Will Teach You to Be Rich: No Guilt. No Excuses. No BS. Just a 6-Week Program That Works" about?
Being rich is not a number in a bank account. It is having money for what you love, and not lying awake worrying about it. Cards, banks, a spending plan and automation. Set it up once, and the system runs itself. No one can predict the market. Invest cheaply, broadly and for the long haul, and put your energy into earning more. Reading is done. Now one account, one automatic transfer, one plan. The system does the rest.
What are the key ideas of "I Will Teach You to Be Rich: No Guilt. No Excuses. No BS. Just a 6-Week Program That Works"?
Your Rich Life; Invisible Scripts and the 85% Solution; Credit Cards: A Tool, Not an Enemy; Beat the Banks; Get Ready to Invest; The Conscious Spending Plan; Save While You Sleep; The Myth of Financial Expertise; Index Funds and Asset Allocation; Maintaining the System; Big Wins: Pay, Weddings, Homes; Your 7-Day Plan.
Who wrote "I Will Teach You to Be Rich: No Guilt. No Excuses. No BS. Just a 6-Week Program That Works"?
Ramit Sethi.
How long does the Gistbook summary take to read?
About 15 minutes. It is available in English and Bangla, and the first chapter is free.