I Will Teach You To Be Rich

Today i finished reading I Will Teach You To Be Rich by Ramit Sethi.  Much like Dave Ramsey has his plan for financial success, Ramit Sethi has a plan for financial success. His 6 week plan sets up financial automation, replaces a budget with a Conscious Spending Plan, and starts a retirement fund.  He frequently points out the biggest (and possibly only) hurdle to being rich is planning and getting started.

Ramit asks his readers “Would you rather be rich or sexy?”  He does this because often the path to riches are not sexy.  Sure some people play professional sports.  Some win the lottery.  This book is not for them.  This book is written for people under the age of 35.  He gives advice for every age group but expects the 20-35 group to be the ones reading.

Having followed the blog at IWillTeachYouToBeRich.com the first chapters sounded real familiar.  Ramit uses the same examples on his blog as in his book.  I have no problem with this as it reiterates what he is saying. His plan and the advice on his blog is great.  The biggest problem with the book was it was hard to finish.  With all the action steps i’d read something, put the book down, then go do what Ramit said.  I’d then start doing something else and have to come back to the book later.  This book is top of the three i’ve reviewed so far.

 

Have you read this book, Rich Dad, Poor Dad or The Millionaire Next Door (check out my reviews)?  Give your thoughts in the comments.