I Will Teach You To Be RichI Will Teach You To Be Rich
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I Will Teach You To Be Rich

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Ramit Sethi

Managing and growing your money wisely does not have to be limited to financial experts, nor does it have to be a stressful endeavour. Reduce your financial clutter by establishing no-fee accounts, automating savings and bill payments, and making small investments. By doing so, you can alleviate the stress associated with money matters and enjoy the growth of your funds. Make the most of unexpected gifts. You should save 50 percent of an unexpected bonus or monetary gift, such as a raise, and then spend the rest as you wish. Taking this approach will prevent you from exceeding your budget. Refuse to allow others to dictate how you should save and spend your money. You don't have to compromise and cut back on every "correct" or "acceptable" item. Instead, choose what is most important to you to save or splurge on. Consider this example: if you value owning limited-edition shoes more than dining out each week, cut back on dining and invest in shoes!

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hashtagmoney
hashtagpersonal-finance
hashtaginvesting
clock11 min
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What's it about?

I Will Teach You To Be Rich explains investing, saving, spending, and smart banking straightforwardly and humorously. A few tactics and a plan are all you need to become wealthy; you don't need to be a professional. With Sethi's guidance, you'll learn the advantages of saving early and automating your investments, so you can watch your money grow.

Book summary

Managing and growing your money wisely does not have to be limited to financial experts, nor does it have to be a stressful endeavour. Reduce your financial clutter by establishing no-fee accounts, automating savings and bill payments, and making small investments. By doing so, you can alleviate the stress associated with money matters and enjoy the growth of your funds. Make the most of unexpected gifts. You should save 50 percent of an unexpected bonus or monetary gift, such as a raise, and then spend the rest as you wish. Taking this approach will prevent you from exceeding your budget. Refuse to allow others to dictate how you should save and spend your money. You don't have to compromise and cut back on every "correct" or "acceptable" item. Instead, choose what is most important to you to save or splurge on. Consider this example: if you value owning limited-edition shoes more than dining out each week, cut back on dining and invest in shoes!

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You are responsible for your financial difficulties, not others.

1
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Smart use of credit cards is essential.

2
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Select the optimal bank and bank accounts that offer the highest interest rates.

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Invest even if your starting capital is only $50.

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Assess your spending and direct your money accordingly.

5
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