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

by Ramit Sethi

Beware of the endless search for “advanced” tips. So many people seek out high-level answers to avoid the real, hard work of improving step by step. It’s easier to dream about winning the Boston Marathon than to go out for a ten-minute jog every morning. Sometimes the most advanced thing you can do is the basics, consistently.

“Looking back at the past few years of my life and at my bank account, I would gladly give away a hefty chunk of it and work longer if it meant I could have experienced more of the world and found more passions. I built my savings, but I never built my life.”

There are certain keywords that are major red flags when it comes to investing, including “whole life insurance,” “annuities,” and “primerica.” Any one of those words means, at best, you’re almost certainly overpaying and at worst, you’re being scammed.

“Don’t wish it was easier, wish you were better. Don’t wish for less problems, wish for more skills.”

“Once you’ve won the game, there’s no reason to take unnecessary risk.”

In his 2012 book Skating Where the Puck Was, William Bernstein says to “resign yourself to the fact that diversifying yourself among risky assets provide[s] scant shelter from bad days or bad years, but that it does help protect against bad decades and generations, which can be far more destructive to wealth.”