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I Will Teach You To Be Rich

by Ramit Sethi

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I Will Teach You To Be Rich by Ramit Sethi

Jun 26, 2010

by Lili_K
posted in Cafe Libri: Reviewing Books & More

Rating:

I stumbled upon this book at the bookstore and was immediately drawn in by the title. Who doesn't want to be rich? The cover touts itself as a six week program and that is exactly what I liked about it. A clear cut path with a time limit.
Ramit Sethi, the author of this book and the founder of the website (of the same name) is a graduate of Harvard and in his early twenties. He takes a very serious subject and makes it fun. I have literally laughed out loud at some of his writing!
His six week plan is clear cut and given in step by step instructions. He teaches you how to get the most from your credit cards. He explains how to choose a bank and why you should consider online banking. He explains investing and then how to look at your spending and decide what you really want to spend on. Finally he teaches you how to make all of this easier by automating you bills and investments while explaining why you should do so. I have followed the the steps and while I am not rich, I am on more concrete financial ground and on my way to financial freedom.
His intention for this book was to teach twentysomethings fresh out of college how to be financially responsible but I passed that milestone a long while back and found this book useful and interesting. I have learned a lot from reading it and even used some of the scripted portions to talk down interest rates and bank fees.
I highly recommend this book to anyone in any age group that wants to become financially savvy and not die of boredom trying to read about it.

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Lili_K July 30, 2011

Sorry I had to repost this but I found I had made a spelling error and nothing makes me more annoyed than that!

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Bethany_K August 11, 2010

Interesting! Did you follow the 6 week plan?

Lili_K August 11, 2010

I did - it has taken me a little longer than six weeks and I am still working on the investing portion. We went away on vacation during week three of this plan and so we are now trying to get back on track. I did use some of the scripts from his book to lower my interest rates on credit cards (it worked...I lowered my highest interest rate by about 40% and it made such a huge difference in my minimum payment that I am now paying double what is due because I am paying what I usually paid!) I also used the script for getting fees reimbursed from my bank and recently they posted some random quarterly fee and I called and before I could even say that I wanted it reimbursed the lady (the same one I spoke to about it the first time) told me she would reimburse the fee to my account!) I also LOVE his website.

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devora July 08, 2010

This sounds like a great book! My parents and friends are always encouraging me to read books about how to organize my finances and invest. May just check this out. Thanks for sharing, Lisa! :)

Lili_K August 11, 2010

You should!!! I really wish I would have read this in college or even right after I graduated. I could have been so much better off!

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