Workman I Will Teach You To Be Rich, Second Edition: No Guilt. No Excuses. No Bs. Just A 6-Week Program That Works

Ramit Sethi provides a practical, no-nonsense approach to personal finance. The book emphasizes automation, conscious spending, and investing instead of extreme frugality. Money is a tool to create a rich life, not a source of stress. Who Should Read It - Young professionals or new earners - Anyone feeling anxious about money - Readers who want actionable finance advice

I learned so much from that book amd i finally have my finances under control!

A must read! Applying what I’ve learned in real life!

mohit likes it

Ok

Over half of this book is dedicated for US citizens and their financial problems. Not recommended

Didn't find the expected depth in the book.

Great book a must read for anyone as I would say 90% of people are unaware of the simple fact this book is proving. The bad This book aims at the USA market and if you are not in debt you can skip half of the book as it really all about how to get out of debt. The second half has more hand on info on how to see money and what is possible and needed in the modern world financially. It is not going deep into the financial products but deep enough for a 101 finance. I have enjoyed authors style and practical hands on immediate actionable steps. This book is amazing and if you get only one thing out of it I am sure you will quickly think of someone who you could gift it to :) Modern Robert Kiyosaki? If you don’t get the reference don’t worry 😜

Not sure why there's so much criticism for this book when it's perfect for complete beginners (usually high school age folks) to personal finance. It teaches you the very basics which is still valuable information especially if you grow up in a family where talking about money is treated as taboo. After reading this book, I was able to ask specific questions about personal finance with my dad and actually ended up learning a lot more in depth about how the household finances were run through structuring my questions with the terminology I learned from this book. I have taught a workshop on personal finance based on the concepts in this book to high school aged folks to prepare them for university/college or other forms of higher education during a summer internship as well. Which helped them at least be introduced to these personal finance terms as schools rarely teach this material. 3 years after initially reading this book, it's still something I highly recommend to my friends looking to understand how to get a handle on their own finances, along with the budgeting app YNAB. Just simply getting hung up on the term "rich" does a disservice to yourself and others, as the point of this book was to define what "rich" looks like to YOU. Not the standard "make a lot of money and you'll be happy" definition of it. The goal is to make your current finances work for you and to set up your current self for success by avoiding debt traps and investing in yourself.

This is the book that finally got me to stop just thinking about managing my money and actually start doing it. The tone is like a no-nonsense friend who tells you to stop overcomplicating things : it's a bit cheeky, but it works. I finally automated my savings and finally opened a retirement account. It’s not about getting rich quick; it’s about building rich habits without the guilt or complexity. If you're ready to take action, this is your push.

Straightforward, to the meat, and ironic in some parts: you have to read and follow if you know something about money or enjoy the chapters and follow them later when you have more confidence.

I love this book because the author manages to take some of the driest material know to man - topics like how to ramp up that compound interest (Oh Boy!) and funding a 401-K (Hotdiggity!) and make it both hilarious and powerful. Ramit Sethi delights in puncturing the hot air balloons we all fill with our self-defeating money scripts. His irreverent wit has a way of allowing us to laugh at ourselves as he makes fun of our behaviors with money. Much like when I read well-written nutrition books and somehow find the pounds peeling off, I found money making its way into my accounts just by reading Ramit's book. The book touts simplicity and automation, which offers a life raft to those adrift in a sea of confusing advice about market timing and paying an expert to help you "beat" the market. It's the financial equivalent of "Set it and forget it". He delves into more complex and time-intensive investing strategies as well, but while doing so he constantly reminds you that it's much easier, and probably more profitable, to stick your investments in an index fund and let it ride, just as Warren Buffett does in his will. I read the first version of this book in 2009, soon after I had lost about $20K in student loans by investing it in the stock market (market timing unfortunately works in both directions ... for and against you). I took some of Ramit's advice to heart - automating much of my finances and opening several accounts in ING.com, an online bank that was eventually sold to a larger online bank, where many of my accounts still reside. Mint tells me that my net worth went from less less than $30K in 2009 to over $300K today. When offered an opportunity to join a private study group led by Ramit himself, and to read an early copy of the 2019 version of the book, I jumped at the chance. I realized from reading this 2nd Edition that although I had followed some of his ideas in the 1st Edition, I had neglected others. The most painful one being that I have spent way too much time in the last decade reviewing my finances and tinkering with investments. The target the book sets (after setting up everything to be automatic) is one hour per month to review finances; it's embarrassing to admit that in the previous 10 years, I have been closer to an hour per day than I have been to an hour per month. This new book strengthens my resolve to build more wealth by doing less. The 2019 version is also unique from the 2009 version by the fact that the author is now a married man. Ramit is no longer just the brash renegade telling it like is, speaking truth to power, and backing down from no one. He is still all of that, but he also must now manage personal finances in relationship with his fiance and new wife. They reveal candid discussions and personal details of painful money conversations, surprising to no one in a committed relationship. What is surprising, and downright juicy, is that he pulls back the veil on the taboo subject of asking for and eventually arriving at a prenuptial agreement with his fiance. The bravery to bring those discussions out into the light, while exposing himself to potential ridicule and criticism, is commendable. It also provides a valuable resource for those seeking advice (and scripts) not only on discussing a prenup but also for other difficult money conversations. In the first meeting of Ramit's private class to discuss the 2nd Edition, one of his first questions to the group was "What would you do if someone handed you a check for $10K?". He then proceeded to make good-natured fun of all of our grandiose puritanical responses about starting an orphanage, investing in stocks, paying off credit card debt, etc. His point was that most likely we would do the exact same thing with that $10K that you had been doing previously with your money. If you had spent too much and were in debt, you would probably continue to overspend and go into debt. It's not the money itself that changes your life, it is changing your attitudes towards, and your behavior with, money. Setting up systems and automating your finances is one very convenient way to change your behavior, because you intentionally set it only once, and then you forget about it and move on with your life, outside of the spreadsheet. On the day before this book came out (May 13), I literally received a $50K check in the mail, totally unexpected. My aunt had come into a surprise inheritance from a distant relative and chose to share some of it with my family. Well-played universe, well-played indeed. Because of this book and the opportunity to discuss it with 150 like-minded individuals from all over the world and all kinds of financial backgrounds, I have full confidence that my family will do spectacular things with that money, but also that we will do it much more simply and automatically by following the systems laid out in this remarkable new book.