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.
Core ideas
Define your Rich Life
Rich is not merely a number. Describe the life you want money to support, then allocate resources around that definition.
Focus on Big Wins
Improving income, housing, transportation, debt, and investing rates usually matters more than obsessing over small purchases.
Use a Conscious Spending Plan
Divide take-home pay among fixed costs, investments, savings, and guilt-free spending. Suggested percentages are starting points, not rigid laws.
Automate the system
Route money after payday to obligations, savings, and investments before leaving the remainder available to spend.
Keep investing simple
Favor diversified, low-cost, long-term portfolios with regular contributions instead of daily stock selection.