Ramit Sethi

I Will Teach You to Be Rich

1. IDEA 1

   Define your own rich life

   Sethi argues that being rich means spending extravagantly on what you love and cutting mercilessly on what you don't. Each person must decide what a rich life looks like for them.

2. IDEA 2

   Focus on big wins

   Sethi argues that worrying over small purchases like coffee distracts from bigger decisions. Choices about housing, cars, careers and automation matter far more over a lifetime. He calls these the big wins of personal finance.

3. IDEA 3

   Make money systems automatic

   Sethi describes setting up automatic transfers so that savings, bills and other goals happen without daily effort. Automation removes the need for constant willpower and attention. Once set up, the system runs largely on its own.

All 8 ideas from I Will Teach You to Be Rich →