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Personal finance2009, 2nd ed. 2019

I Will Teach You to Be Rich

Ramit Sethi

Gives a system for spending, accounts, saving, and automated investing for readers who want personal finance to become a routine.

Case studies

Good income, no accumulation

The problem may be high fixed costs and unallocated cash flow rather than a missing tracking app. Calculate the four spending categories, reduce one major fixed cost, and automate transfers on payday.

Credit-card debt

List balances and rates, stop adding debt, retain a modest buffer, and direct available cash according to a chosen payoff strategy. Do not use hoped-for investment returns to justify expensive debt.

Afraid to begin investing

Choose a diversified, low-cost product you understand, begin with a small contribution, and automate increases as income rises.

Saving well but always feeling deprived

Define a Rich Life, fund a guilt-free spending amount in advance, and judge progress against the plan rather than anxiety.