I Will Teach You To Be Rich: No Guilt, No Excuses, No Bs...
Buy as many lattes as you want. Choose the right accounts and investments so your money grows for you-automatically. Best of all, spend guilt-free on the things you love.
Personal finance expert Ramit Sethi has been called a \"wealth wizard\" byForbesand the \"new guru on the block\" byFortune. Now he&s updated and expanded his modern money classic for a new age, delivering a simple, powerful, no-BS 6-week program that just works.
I Will Teach You to Be Richwill show you:
How to crush your debt and student loans faster than you thought possible
How to set up no-fee, high-interest bank accounts that won&t gouge you for every penny
How Ramit automates his finances so his money goes exactly where he wants it to-and how you can do it too
How to talk your way out of late fees (with word-for-word scripts)
How to save hundreds or even thousands per month (and still buy what you love)
A set-it-and-forget-it investment strategy that&s dead simple and beats financial advisors at their own game
How to handle buying a car or a house, paying for a wedding, having kids, and other big expenses-stress free
The exact words to use to negotiate a big raise at work
Plus, this 10th anniversary edition features over 80 new pages, including:
New insights on money and psychology
Amazing stories of how previous readers used the book to create their rich lives
Master your money-and then get on with your life.
A 10th anniversary edition of Ramit Sethi's groundbreaking and bestselling personal finance plan for young adults. Sethi's practical approach is delivered in an irreverent, funny, no-B.S. style that inspires readers to do what he says. It is based on the four pillars of personal finance-banking, saving, budgeting, and investing-and the wealth-building ideas of personal entrepreneurship, but this new edition goes beyond, to detail what makes a "rich life."
Why do people get fat after college? The eerily similar guilt about spending and not working out. • Counterintuitive but true: We need less personal-finance information • Common excuses for not managing money • Stop debating minutiae and get something done • The key messages ofI Will Teach You to Be Rich• "Rich" isn't just about money: What does it mean to you?
Chapter 1: Optimize Your Credit Cards:How to beat the credit card companies at their own game
Why Indian people love negotiating • How credit can help you be rich • Picking the best credit card for airline miles, cash back, and rewards • Getting a card when you have no income • The six commandments of credit cards • How to negotiate with your credit card company to get fees waived and receive lower rates • Why youshouldalways buy electronics, travel, and furniture on your credit card • What not to do with your cards • The burden of student loans • When credit cards go bad • Five steps to ridding yourself of debt • Week One: Action Steps
Chapter 2: Beat the Banks:Open high-interest, low-hassle accounts and negotiate fees like an Indian
Why old people are afraid of online banks-even though they offer the best new accounts you can get • How banks rake it in • Why youreallyneed a separate savings account • Opening high-interest, no-fee accounts • Five marketing tactics banks use to trick you • My personal favorite accounts • Negotiate out of fees with your current bank (use my script) •Week Two: Action Steps
Chapter 3: Get Ready to Invest:Open your 401(k) and Roth IRA-even with just $50
Why your friends probably haven't invested a cent yet • Investing is the single best way to get rich • The ladder of personal finance • Everything you need to know about your 401(k) • The importance of crushing your debt • Why everyone should have a Roth IRA •Week Three: Action Steps
Chapter 4: Conscious Spending:How to save hundreds per month (and still buy what your love)
Spend less-without making a detailed, irritating budget • The difference between cheap and frugal • Conscious spending: how my friend spends $21,000 per year going out-guilt-free • Using psychology against yourself to save • The four buckets: fixed costs, savings, investments, and guilt-free spending money • The envelope system for not overspending • How to make more money • Handling unexpected expenses •Week Four: Action Steps
Chapter 5: Save While Sleeping:Making your accounts work together-automatically
The power of defaults: Give yourself fewer choices • How to spend only three hours a month managing your money • Where does your next $100 go? • Setting up a bill-pay and transfer system that works for you • Consultants and freelancers: What about irregular income? •Week Five: Action Steps
Chapter 6: The Myth of Financial Expertise:Why professional wine tasters and stock pickers are clueless-and how you can beat them
We've been tricked by "expertise"-why financial "experts" can't even match the market • You can't time the market • How experts hide their poor performance • You don't need a financial advisor • Pundits worth reading • Most mutual fund managers fail to beat the market • Why I love index funds
Chapter 7: Investing Isn't Only for Rich People:Spend the afternoon picking a simple portfolio that will make you rich
What's your investor profile? • The beauty of automatic investing • Asset allocation: more important than the "best stock of the year!" • Convenience or control? You choose • The many flavors of stocks and bonds • Creating your own portfolio: How to handpick your investments • Investing the easy way: lifecycle funds • Feeding your 401(k) and Roth IRA • The Swenson model of asset allocation •Week Six: Action Steps
Chapter 8: Easy Maintenance:You've done the hard work: Here's how to maintain (and optimize) your financial infrastructure
Feed your system-the more you put in, the more you'll get out • Ignore the noise • The tricky part of managing your own portfolio: rebalancing your investments • Don't let fear of taxes guide your investment decisions • When to sell • For high achievers: a ten-year plan • Giving back-an important part of being rich
Chapter 9: A Rich Life:The finances of relationships, weddings, buying a car, and your first house
Student loans-pay them down or invest? • Don't let your parents manage your money • Role reversal: How to help when it's your parents who are in debt • The big conversation: talking about money with your significant other • Why we're all hypocrites about our weddings (and how to pay for yours) • Negotiating your salary,I Will Teach You to Be Richstyle • The smart person's guide to buying a car • The biggest big-ticket item of them all: a house • The benefits of renting • Is real estate really a good investment? • Planning for future purchases • Parting words (cue the violins)