I Will Teach You to Be Rich: No Guilt. No Excuses. No B.S. Just a 6-Week Program That Works.

by Ramit Sethi

When it comes to weight loss, 99.99 percent of us need to know only two things: Eat less and exercise more.

doing nothing is the worst choice you can make. As the table shows, investing early is the best thing you can do.

The single most important thing you can do to be rich is to start early.

Yes, the best time to start investing was ten years ago. The second best time is today.

Cynics don’t want results; they want an excuse to not take action. Ironically, even if they win their own manufactured argument, they lose overall, because they’re stuck in a prison of their mind.

Follow my CEO Method: Cut costs, Earn more, and Optimize your existing spending.

Remember: In relationships and work, we want to be better than average. In investing, average is great.

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

It’s okay to make mistakes. It’s better to make them now, with a little bit of money, so that when you have more, you’ll know what to avoid.

This book isn’t about telling you to stop buying lattes. Instead, it’s about being able to actually spend more on the things you love by not spending money on all the knucklehead things you don’t care

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.

But investment isn’t about being sexy—it’s about making money, and when you look at investment literature, buy-and-hold investing wins over the long term, every time.

Make career decisions because I want to, not because of money

Help my parents with their retirement, so they don’t have to work if they don’t want to

Spend extravagantly on the things I love and be relentlessly frugal about the things I don’t

Why do you want to be rich? What do you want to do with your wealth?

Iosi wants to be rich so he help his family live in better situation and has ability to help other through his own style. Being independence and doing things that has value. The things that I love spend in - Books - Online courses - Healthy food - Exercise The things that I don't really care - Gadget - Clothes - Car - Motorbike

A Rich Life means you can spend extravagantly on the things you love as long as you cut costs mercilessly on the things you don’t.

2. Focus on the Big Wins—the five to ten things that get you disproportionate results, including automating your savings and investing, finding a job you love, and negotiating your salary.

Investing should be very boring—and very profitable—over the long term. I get more excited eating tacos than checking my investment returns.

Listen politely, then stick to the program.

you can flip it and decide what you’ll always spend on, like my book-buying rule: If you’re thinking about buying a book, just buy it. Don’t waste even five seconds debating it. Applying even one new idea from a book is worth it.

So many people seek out high-level answers to avoid the real, hard work of improving step by step.

Once money isn’t a primary constraint, you’ll have the freedom to design your own Rich Life, which will almost certainly be different from the average person’s. Embrace it. This is the fun part!

the most important part of a Rich Life is outside the spreadsheet—it involves relationships, new experiences, and giving back. You earned it.

your investment plan is actually more important than any individual investment you make.

There aren’t any secrets to getting rich—it just takes small steps and some discipline, and you can do it with a little bit of work.

In fact, instead of playing defense by avoiding credit cards altogether, I want you to play offense by using credit cards responsibly and getting as many benefits out of them as possible.

the benefits of making lifelong friends, building priceless habits of discipline, and exposing yourself to new ideas as an educated citizen.

The good news is that credit card debt is almost always manageable if you have a plan and take disciplined steps to reduce it.

It’s time to make sacrifices to pay off your debt quickly. Otherwise, you’re costing yourself more and more every day.

Figure out how much debt you have.

Decide where the money to pay off your credit cards will come from.

Reducing spending and prioritizing debt. The most sustainable way to pay off credit card debt is also the least sexy.

Figure out how much debt you have, decide how you want to pay it down, negotiate your rates, and get started. You can always fine-tune your plan and amount later.

Being in debt means giving up choices, means staying at a job you hate because it pays good money, means not being able to build a decent savings account.

To me, that’s the perfect time to start: when the stakes are low. Build the right habits when the amounts are small—with the right accounts, with automatic saving and investing—so that when your income increases, your habits are rock-solid.

Features. The bank’s interest rate should be competitive. Transferring money around should be easy and free, because you’ll be doing a lot of it, and you should have free bill paying. Their app or website should be something you enjoy using.

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

Long-term investors should love when the market drops: You can buy more shares for the same price.)

Although some people are limited by circumstances, most people will never get rich simply because they have poor attitudes and behaviors about money.

The answer isn’t to avoid it—it’s to pick a source of information and start learning.

They should be automatically investing each month so this problem disappears.

If you don’t want to learn how money works, nothing I can tell you will help. You

They collected their significant wealth through controlling their spending, regular investing, and, in some cases, entrepreneurship.

It means consistent, meaningful behaviors like disciplined saving and investing, rather than massive speculative risks.)

By opening an investment account, you give yourself access to the biggest money-making vehicle in the history of the world: the stock market.

you’ll learn to live without it. This is an excellent example of using psychology to trick yourself into investing. In fact, there’s an emerging body of literature on how powerful these effects are.

I’m not going to belabor the point, but every dollar you invest now is worth much, much more later.

What if you could make sure you were saving and investing enough money each month, and then use the rest of your money guilt-free for whatever you want?

most Americans were never taught how to consciously spend, which means cutting costs mercilessly on the things you don’t love, but spending extravagantly on the things you do.