I Will Teach You To Be Rich Review

My review of I Will Teach You to be Rich by Ramit Sethi. 6 weeks to automate your checking, savings, investments and take your finances under control. Over time this strategy will net you $100,000’s to over a million dollars. This book is geared towards younger people in their 20’s and 30’s. The advice is still applicable if you are older but compound interest works best the longer it has to work. Therefore, if you were able to put $5000 into an account making 8% interest (after fees, which is the hard part) when you are 20 years of age you will have over $108,000 when you are 60 years old. That is without adding another dime. Now if you do the same thing at 40 years of age you will only have $23,305 when you are 60 years old. This is the magic of compound interest and the faster you can take advantage of this in life the better off you will be at the end of your life. Affiliate Links (buying anything from these links will give me a % of the sale): I Will Teach You to be Rich: https://www.dwightscull.com/teachrich 15 Day Online Business Builder: https://www.dwightscull.com/optin Sethi walks people through finance and money 101. If you are totally lost in how money, finances, and retirement work this is the book for you. It is a 6-week program that will help you get your priorities straightened out and then putting your money to the best use for your future. Basic budgeting always comes down to a set a rules: 1) Spend less than you make 2) Take the excess and pay off debt 3) Divert money as soon as you can to investing 4) Invest in a low fee index fund that follows the S&P 500 (best 500 companies on the stock market that are updated regularly to remove underperformers) 5) Let the money sit in the market for decades and keep buying more 6) When the market is down remember you are buying at a discount 7) When the market is up it is easier to feel like your investments are worth it 8) The fastest path to wealth is to spend way less than you make and invest in things that have value and increase over time 9) The longer you have your money earning compound interest the better Sethi goes over all of these things in a very easy to understand way. He gives you a step by step instructional manual to do all of the above. He gives you which funds to invest in, what online savings account is best and how to automate all of this so you can’t mess it up. I will teach you to be rich: https://www.dwightscull.com/teachrich Subscribe to the channel: If you are a working professional that is making more money than your parents ever did and you grew up without a good understanding of personal finance please subscribe to this channel to expand your knowledge and expertise. If you are interested in seeing how you can start an online business please click this link for more information and a video to see how to enroll in a 15 day online business builder: https://www.dwightscull.com/optin Get your finances in order with Personal Capital (once you put in your investment info you get $20 / I get $20): https://www.dwightscull.com/Personalcapital