The ground breaking NEW YORK TIMES and WALL STREET JOURNAL BESTSELLER that taught a generation how to earn more, save more, and live a rich life—now in a revised 2nd edition.
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” by Forbes and the “new guru on the block” by Fortune. 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 Rich will 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 tools
- 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.
I Will Teach You to Be Rich, Second Edition: No Guilt. No Excuses. No BS. Just a 6-Week Program That Works| Ramit Sethi (Author)| Workman Publishing Company
Table of Contents
An Open Letter to New Readers
Introduction: Would You Rather Be Sexy or Rich?
Why do people gain weight after college? The similarities between money and food, Counterintuitive but true: We need less personal-finance information, Common excuses for not managing money, You're not a victim-you're in control, Stop debating minutiae and focus on the Big Wins, The key messages of I 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, Stop being intimidated by your credit cards, Picking the best card for airline miles, cash back, and rewards, The six commandments of credit cards, How to negotiate with your credit card company to get fees waived and receive lower rates, Secret perks your card offers, Why you should always 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 getting rid of debt, Week One: Action Steps.
Chapter 2. Beat the Banks
Open high-interest, low-hassle accounts and negotiate fees like an Indian, How banks rake it in, The bank accounts I use, Why you really need a separate savings account, Opening high-interest, no-fee accounts, Why people stick with terrible bank accounts, Five marketing tactics banks use to trick you, 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, Start investing, step by step, Why your friends are scared of investing, Investing is the single most effective way to get rich, Where should your money go? Introducing the ladder of personal finance, Mastering your 401(k), Crush your debt, The beauty of Roth IRAs, “What about robo-advisors?”, The exact account I use, Feed your investment account, HSAs, Beyond retirement accounts, Week Three: Action Steps.
Chapter 4. Conscious Spending
How to save hundreds per month (and still buy what you love), How to spend extravagantly on the things you love and cut costs mercilessly on the things you don't-without making an annoying budget, The difference between cheap people and conscious spenders, 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, “What if you don't make enough money to save?”, 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, How to spend only 90 minutes a month managing your money, Ways to use psychology to help you save money, Create your automatic money flow, Using your automated finances to fuel your rich life, 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, “Who should you trust?”, Experts can't guess where the market is going, How experts hide poor performance, You don't need a financial adviser, Behind the scenes: When two wealth managers tried to recruit me, Active vs. passive management
Chapter 7. Investing Isn't Only for Rich People
Spend the afternoon picking a simple portfolio that will make you rich, The beauty of automatic investing, Asset allocation: more important than the "best stock of the year!", Retiring in your 30s or 40s: The FIRE movement, 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: target-date funds, Feeding your 401(k) and IRA, The Swensen model of asset allocation, Insane crypto "investments", Week Six: Action Steps.
Chapter 8. How to Maintain and Grow Your System
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, Nutty beliefs about taxes, 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?”, How to help parents who are in debt, The big conversation: talking about money with your significant other, “Should you sign a prenup?”, Why we're all hypocrites about our weddings (and how to pay for yours), Negotiating your salary, I Will Teach You to Be Rich style, The smart person's guide to buying a car, The biggest big-ticket item of all: a house, The benefits of renting, “Is real estate really a good investment?”, Planning for future purchases, Your Rich Life: Going beyond the day to day.
Acknowledgments
Index
LINK FOR THE BOOK
