I Will Teach You To Be Rich
by Ramit Sethi
Key Concepts
Conscious Spending
Spend lavishly on what you love, and cut mercilessly on what you don't.
Automated Investing
Set up automatic transfers to investment accounts to ensure consistent, effortless growth.
Rich Life
Define your personal 'rich life' and align your financial decisions to achieve it.
Big Wins
Focus on optimizing large financial areas like debt and investments rather than small daily cuts.
Set It & Forget It
Create financial systems that run automatically, requiring minimal ongoing effort.
Action Items
Automate savings and investments first, then spend what's left guilt-free.
Negotiate your salary, credit card interest rates, and recurring bills.
Open a Roth IRA and contribute regularly to low-cost index funds.
Create a 'Conscious Spending Plan' to intentionally allocate your income.
Optimize credit cards for rewards and avoid fees by paying balances in full.
Core Thesis
Automate your finances to build wealth and live a rich life without guilt or deprivation.
Mindset Shift
Financial success is achieved through smart automation and intentional spending, not through extreme deprivation or constant budgeting.