I Will Teach You to be Rich

I Will Teach You to be Rich

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Finances can be a scary and intimidating thing. There are so many ways to go about navigating this part of your life, but this read will give you a solid roadmap to your decision-making in today’s modern world. Of course, you can choose to save every penny and hold back on to the things you really enjoy, but reading this book might open your mind to a more enjoyable way of reaching the same goals. Sethi also talks about the importance of automating your process so you don’t have to think about the basic things. In today’s world, it’s not about your lattes. It’s about the bigger picture.

 

 

Favorite Quotes:

 

“The 85 Percent Solution: Getting started is more important than becoming an expert.”

 

“Spend extravagantly on the things you love, and cut costs mercilessly on the things you don’t.”

 

“My friend Jim once called to tell me that he’d gotten a raise at work. On the same day, he moved into a smaller apartment. Why? Because he doesn’t care very much about where he lives, but he loves spending money on camping and biking. That’s called conscious spending.”

 

“The single most important factor to getting rich is getting started, not being the smartest person in the room.”

 

“In the end, managing your finances well is a lot like developing a strong personal productivity system: You keep track of everything without making it your full-time job; you set goals; you break them down into small bite-size tasks; you save yourself time by automating manual work; and you spend your time and brainpower focusing on the big picture. That’s what I try to do with my time and money.”

 

“On average, millionaires invest 20 percent of their household income each year.”

 

“Sometimes the most advanced thing you can do is the basics, consistently.”

 

“Before you go further, I encourage you to set your goals today. Why do you want to be rich? What do you want to do with your wealth?”

 

“The American Psychological Association reports that Americans today, compared to the 1950s, seem less happy, even though we eat out twice as much and own two times as many cars. We have so many more toys, like big-screen TVs, smartphones, and microwaves. But that isn’t leading to a more satisfying life.”

 

“As Benjamin Franklin said, “Don’t put off until tomorrow what you can do today.” And as Ramit Sethi said, “Let others debate minutiae—all you need to do is open an investment account at a discount brokerage. Sucka.”

 

“It’s easier to dream about winning the Boston Marathon than to go out for a ten-minute jog every morning.”

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