I Will Teach You To Be Rich: No guilt, no excuses - just a 6-week programme that works

by Ramit Sethi

Most of all, we do nothing. This is how “outrage culture” works – it makes you feel angry and exhausted . . . and then you go back to doing nothing.

One of the key differences between rich people and everyone else is that rich people plan before they need to plan.

Focus on the Big Wins to get the big results.

These invisible money scripts turn into very peculiar behaviours. People “know” they’re not handling their money the right way, but they continue doing what they’ve done for years on end.

Compounding,” Albert Einstein said, “is mankind’s greatest invention because it allows for the reliable, systematic accumulation of wealth.”

Whether you’re implementing a change in your personal finances, eating habits, exercise plan, or whatever . . . try making the smallest change today. Something you’ll hardly notice. And follow your own plan for gradually increasing it.

There’s a limit to how much you can cut, but no limit to how much you can earn.

Money exists for a reason – to let you do what you want to do. Yes, it’s true, every pound you spend now would be worth more later. But living only for tomorrow is no way to live. Consider one investment that most people overlook: yourself.

If you invest in yourself, the potential return is limitless.

The only long-term solution is to invest regularly, putting as much money as possible into low-cost, diversified funds, even in an economic downturn. This is why long-term investors have a phrase they use: focus on time in the market, not timing the market.

In investing, fees are your enemy.

Statistics clearly show that graduates far outearn those with only GCSEs or A-Levels. (That said, you should take responsibility for researching univeristy degrees and their average graduate salaries.) Please don’t listen to the pundits who have jumped on the bandwagon of saying student loans are “evil” and you should skip university.

Getting rich isn’t about one silver bullet or secret strategy. It happens through regular, boring, disciplined action. Most people see only the results of all this action — a winnable moment or an article in the press. But it’s the behind-the-scenes work that really makes you rich.