I Will Teach You to Be Rich by Ramit Sethi: Summary by Fireside Reads

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Ramit Sethi is keen on saying that there aren’t any secrets to getting rich. It takes only small steps and discipline with little work to be successful. The book is about how to get rich. Sethi provides an overall view on correcting some mistaken ideas to achieve one's goal of becoming rich.

The book is a six-week long program for managing one’s financial goals. The book is intended for ordinary people who find it hard to manage their resources. Deciding to clean up one's fiscal mess is a mounting task. Thus, the book provides excellent financial advice to those willing to clean up their financial status. The title of the book should not be interpreted in the literal sense. In many ways, the book provides various straightforward and practical solutions for dealing with earnings, bills payments, and finances rather than with becoming rich.

Sethi made the book easy to understand by dividing the book into nine chapters. The major topics include the following areas of discussion: a) credit card management, b) choosing a bank and how to manage your accounts, c) how and what to invest, d) how to manage one’s finances and budget spending, e) and automation.

Sethi's take on how to get rich is straightforward. One needs only to focus on how to take action to solve the problem rather than looking for a perfect answer. That's why Sethi's advice is to take a single step until you reach your goal. He conceived the idea of an 85% solution rather than aiming for perfection.

Sethi also makes reference to the correct spending attitude. According to him, one must spend money on the things you love but spend less on unnecessary things. Only invest your money in things that matter to you most.

Plus,

• Executive "Snapshot" Summary of I Will Teach You to Be Rich

• Background Story and History of I Will Teach You to Be Rich for a Much Richer Reading Experience

• Key Lessons Extracted from I Will Teach You to Be Rich and Exercises to Apply it into your Life - Immediately!

• About the Hero of the Book: Ramit Sethi

• Tantalizing Trivia Questions for Better Retention

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*Please note: This is a summary and workbook meant to supplement and not replace the original book.